Business

IFC and Standard Chartered sign RMB risk sharing facility 18 Dec 2013 - 07:43 am

New York: IFC, a member of the World Bank Group, and Standard Chartered Bank have signed a risk sharing facility, which will increase...

Istithmar sells stake in Miami hotel 18 Dec 2013 - 07:43 am

DUBAI: Istithmar World, a unit of Dubai World, has sold its 50 percent stake in Miami Beach’s landmark Fontainebleau hotel back to south...

Putin slashes gas prices to help Ukraine 18 Dec 2013 - 07:42 am

MOSCOW: President Vladimir Putin yesterday announced a plan to buy $15bn of Ukrainian bonds and slash Kiev’s bill for Russian gas imports, in...

MAF aims to invest $1bn a year for next five years 18 Dec 2013 - 07:41 am

DUBAI: Dubai retail group Majid Al Futtaim (MAF) hopes to invest $1bn a year for the next five years in the Middle East...

Banking sector pushes Qatari index down 18 Dec 2013 - 07:41 am

Doha: Qatar Exchange index lost 6.08 points, or 0.06 percent, yesterday closing at 10,468.59 points from the previous closing of 10,475.39 points. The...

Egypt minister expects 2pc growth in second quarter 18 Dec 2013 - 07:40 am

CAIRO: Egypt’s economy should grow at an annual rate of two percent in the second fiscal quarter, the state’s planning minister said yesterday,...

Ukrainian delegation at Qatar Chamber 17 Dec 2013 - 07:33 am

A Ukrainian delegation led by Vice Chairman of International Commercial Chamber, Igor Gres, meeting members of Qatar Chamber at the chamber headquarters in...

UBL and Omani firm mark 30 years of association 17 Dec 2013 - 07:32 am

UBL President Atif R Bokhari presenting a plaque to Chairman of OUECL and OHI Group of Companies and United Bank Limited, Maqbool bin...

Amazon’s German workers strike 17 Dec 2013 - 07:31 am

BERLIN/DUESSELDORF: Hundreds of Amazon.com Inc workers in Germany went on strike yesterday, just as pre-Christmas sales were set to peak, in a dispute...

Developing at a rapid pace 17 Dec 2013 - 07:30 am

Workers at a construction site in Kuala Lumpur, Malaysia, yesterday. Malaysia is placed the highest developing Asian economy despite its lowered ranking in...

Oil above $110 as Libyan ports remain closed 17 Dec 2013 - 07:30 am

An employee of a petrol station refills a car in Tripoli yesterday. Libya is importing more fuel to make up for local shortages...

Chinese and Singaporean carriers to set up Taiwanese budget airline 17 Dec 2013 - 07:29 am

China Airlines Chairman Sun Hung-Hsiang (centre right) and Tigerair CEO Koay Peng Yen (centre left) in front of a Tigerair A-320 passenger jet...

Qatar raises 2013 growth forecast, economy to expand by 6pc 17 Dec 2013 - 07:26 am

DOHA: Qatar’s economy is projected to expand by 6 percent this year, about half a percent point higher than in 2012, and by...

QFMA receives requests for 2 new listings, 5 IPOs 17 Dec 2013 - 07:25 am

DOHA: The regulator of the Qatari bourse said yesterday it has received two requests for new listings and five for launching initial public...

Commercial Bank eyes local tie-ups: Chief 17 Dec 2013 - 07:25 am

DOHA/DUBAI: Commercial Bank of Qatar is open to tie-ups with local financial institutions and could sell bonds next year to fund infrastructure lending...

IKEA unveils new kids range 17 Dec 2013 - 07:25 am

DOHA: Swedish furniture retailer IKEA, part of Al Futtaim group of companies, has unveiled a newly redesigned children’s department. Customers and children can...

QNB ranked Qatar’s best 17 Dec 2013 - 07:24 am

DOHA: Qatar National Bank (QNB) has been named the best capitalised Financial Institution and the second largest capitalized “Corporate” in the Middle East...

Qatar, Dubai bourses slip; region mixed 17 Dec 2013 - 07:24 am

DUBAI: Dubai’s bourse suffered its largest loss in a month yesterday as investors sold blue chip Emaar Properties in a delayed reaction to...