Business

US mortgage applications come down 20 Feb 2014 - 12:43 am

NEW YORK: Applications for US home mortgages fell in the latest week, with both purchase and refinancing applications down, an industry group said...

Weekly Money Market Review with IBQ: Yellen’s testimony, BoE’s inflation report fuelled investors’ risk appetite 20 Feb 2014 - 12:30 am

The US Dollar dropped against its major counterparts as comments from the Federal Reserve’s newly appointed Chairman, and the Bank of England eased...

Qatar-Pakistan Joint Ministerial Committee holds talks 19 Feb 2014 - 01:23 am

H E Dr Mohamed bin Saleh Al Sada at the Qatar-Pakistan Joint Ministerial Committee meeting. DOHA: The Qatar- Pakistan Joint Ministerial Commission held...

MPHC shares to be listed on February 26 19 Feb 2014 - 01:23 am

DOHA: Qatar Exchange (QE) will list the Mesaieed Petrochemical Holding Company (MPHC) on Wednesday, February 26. The decision to list MPHC on QE...

Obama pushes for fuel efficiency 19 Feb 2014 - 01:21 am

US President Barack Obama departs after making remarks on the economy at a Safeway Distribution Centre in Upper Marlboro, Maryland, yesterday. Obama pushed...

QNCC for QR1.19bn expansion plan 19 Feb 2014 - 01:21 am

BY SACHIN KUMAR QNCC Chairman Salem bin Butti Al Naimi (centre) addressing the AGM in Doha yesterday. With him are other board members...

Calling for lower taxes 19 Feb 2014 - 01:20 am

People taking part in a rally calling for lower taxes and protection for small enterprises in Rome yesterday.

BoJ refrains from new easing after weak growth data 19 Feb 2014 - 01:19 am

Pedestrians walk past an electronic board showing stock market indices in Tokyo yesterday as Japan’s Nikkei share average soared to a one-week high...

Troika heads to Greece for talks 19 Feb 2014 - 01:18 am

Portugal’s Finance Minister Maria Luís Albuquerque walks past European Stability Mechanism Managing Director Klaus Regling during a EU finance ministers meeting in Brussels....

Malabar Gold’s 110th outlet 19 Feb 2014 - 01:18 am

Actress Kajal Agarwal opening the 110th outlet of Malabar Gold & Diamonds in Guntur, Andhra Pradesh, India, in the presence of Grandhi Kantha...

Actavis in talks to buy Forest Labs for $25bn 19 Feb 2014 - 01:13 am

New York: Actavis Plc is in advanced talks to acquire rival drug maker Forest Laboratories Inc in a deal that could value Forest...

Gulf ties could aid Islamic finance in Italy 19 Feb 2014 - 01:12 am

Paris: Bankers and academics in Italy are stepping up efforts to develop Islamic finance in the country, a campaign which could benefit from...

UK’s Stanlow refinery to cut capacity by third 19 Feb 2014 - 01:10 am

LONDON: Britain’s second-largest oil refinery will shutter one third of its production capacity, its owner said yesterday, in further evidence of losses forcing...

QNB, QDB tie up to finance Al Naqeeb project 19 Feb 2014 - 01:10 am

DOHA: As part of its commitment to provide easy access to banking products and services to local small and medium enterprises (SMEs), Qatar...

Al Meera’s 2013 revenue hits QR1.95bn 19 Feb 2014 - 01:10 am

DOHA: Al Meera Consumer Goods Company’s net profit for the year-ended December 31, 2013 is up at QR196.1m compared to QR105.7m reported in...

Gold takes a breather, falls after three-day rally 19 Feb 2014 - 01:09 am

NEW YORK/LONDON: Gold fell yesterday as the market took a breather after a three-day rally that pushed it over $1,330 an ounce, but...

Temasek to sell $3.1bn stake in Shin Corp 19 Feb 2014 - 01:09 am

SINGAPORE/HONG KONG: Singapore state investor Temasek Holdings Pvt Ltd is seeking to sell its $3.1bn stake in Thai telecom company Shin Corp and...

ADGM hires ex-Dubai executive as head 19 Feb 2014 - 01:09 am

ABU DHABI: Abu Dhabi’s new financial free zone has hired a former executive from neighbouring Dubai’s financial centre to spearhead its growth. Jan...