Business

Fixed deposits of Qatar banks surge by 71pc 30 Dec 2013 - 10:01 am

by Sachin Kumar Doha: Fixed deposits of banks in Qatar have surged 71 percent in the last five years reflecting that individuals turned...

QPI gets $246m finance facility from Barwa Bank and Doha Bank 30 Dec 2013 - 10:00 am

DOHA: Doha Bank and Barwa Bank, in two separate statements, announced their respective decisions to participate in a Finance Facility for Qatar Petroleum...

Pro-gas interests decry NY inaction on fracking 30 Dec 2013 - 09:59 am

ALBANY, New York: Born of the energy crisis of the 1970s, gas driller Lenape Resources flourished in western New York for more than...

Shipments log double-digit growth in India 30 Dec 2013 - 09:58 am

New Delhi: Indian shipments logged double-digit growth in the second half of 2013, lowering substantially the current account deficit, a big worry for...

Middle income countries key to future growth 30 Dec 2013 - 09:58 am

London: As 2013 draws to a close, the outlook on globalisation and sustainability suggests a tentative balance between two alternative futures: one of...

Delay in releasing inflation report angers Venezuelans 30 Dec 2013 - 09:58 am

CARACAS: There’s one burning question among economists in Venezuela these days: What happened to the November inflation report? It’s been more than two...

GDI to become wholly-owned subsidiary of GIS 30 Dec 2013 - 09:57 am

DOHA: Gulf International Services (GIS) has entered into discussions with the foreign partner in its joint venture, Gulf Drilling International, to acquire its...

Services sector pushes Qatari index down 30 Dec 2013 - 09:57 am

Doha: Qatar Exchange index lost 31.15 points, or 0.30 percent, to reach 10,360.02 points yesterday from the previous closing of 10,391.17 points on...

Hyundai America operations CEO steps down 30 Dec 2013 - 09:56 am

New York: John Krafcik, the president and CEO of Hyundai Motor America, is stepping down next week after five years at the helm,...

Nasdaq to compensate firms on botched IPO 30 Dec 2013 - 09:56 am

NEW YORK: Nasdaq OMX Group Inc will compensate firms on December 31 for qualifying claims related to Facebook Inc’s botched May 2012 initial...

Ma’aden restarts aluminium plant production line 30 Dec 2013 - 09:55 am

Al KHOBAR: Saudi Arabian Mining Company (Ma’aden) has restarted one of the two potlines at its new aluminium smelter in Saudi Arabia, the...

Lack of clients dooms many Cuban firms 30 Dec 2013 - 09:55 am

HAVANA: The dented metal pizza trays are packed away, so too the old blender that never worked when it was needed. Gone is...

Italy delays Internet tax until July, okays funds for business, welfare 30 Dec 2013 - 09:55 am

ROME: Italy delayed the start of its planned Internet tax until July 2014, approved billions of euros in business and welfare measures and...

Mitsubishi evaluating US turbine plant 30 Dec 2013 - 09:54 am

FORT SMITH: Mitsubishi is evaluating its completed but unopened $100m wind turbine factory in Fort Smith now that the company has settled a...

British bond yields at highest since 2011 as economic outlook improves 30 Dec 2013 - 09:54 am

LONDON: British government bonds tumbled on Friday, pushing yields to their highest level since mid-2011 as a brighter economic outlook encouraged investors into...

Weekly Money Market Review with IBQ: Thin trading triggers high volatility in forex markets 30 Dec 2013 - 09:52 am

The holiday season quietness continued as most of the major global markets were off duty most of last week due to the Christmas...

Weekly Commodity Update: Will growth bring a strong January for commodities once again? 30 Dec 2013 - 09:52 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) Thin holiday markets have yielded a surprise strong performance by the metal sector, not...

Bait Al Mashura, World Bank sign agreement 30 Dec 2013 - 05:10 am

Officials during the signing ceremony. DOHA: Bait Al Mashura Finance Consultations has signed an agreement with the World Bank in order to reinforce...