Business

Qatar banks record high loan growth 10 Dec 2013 - 10:53 am

By Satish Kanady DOHA: Powered by an increasing public sector spending, banks in Qatar witnessed the highest rate of loan growth in the...

EADS to cut 5,800 jobs in Europe in restructuring 10 Dec 2013 - 10:51 am

BERLIN: European aerospace giant EADS, the maker of Airbus aircraft, announced plans yesterday to cut 5,800 jobs in its defence and space division...

Oil slips to $110 as European demand eases 10 Dec 2013 - 10:50 am

LONDON: Brent crude fell almost 1.5 percent to around $110 a barrel yesterday, undermined by signs of weaker European demand despite upbeat economic...

Dabbagh plans stake sale in lubricants arm Petromin 10 Dec 2013 - 10:49 am

DUBAI: Saudi Arabia’s Dabbagh Group is planning to sell a 19 percent stake in its lubricants business Petromin ahead of a potential public...

Dollar steady in Asia after strong US jobs report 10 Dec 2013 - 10:49 am

TOKYO: The dollar was steady in Asia yesterday after a solid US jobs report for November boosted the chances of an early pullback...

Qatari bourse index loses 2.42 points 10 Dec 2013 - 10:48 am

Doha: Qatar Exchange index lost 2.42 points, or 0.02 percent, yesterday to hit 10,434.10 from the previous closing of 10,436.52 points on Sunday....

Abu Dhabi may need to lower industry growth target 10 Dec 2013 - 10:48 am

DUBAI: Abu Dhabi probably won’t reach its target for industrial growth by 2020 and will need to lower it, a senior government official...

OMV, Gazprom reach interim deal on gas contract 10 Dec 2013 - 10:47 am

VIENNA: Austrian energy group OMV said it had reached an interim deal with Gazprom over their long-term gas-supply contract, bringing prices closer to...

Outlook for banks in Qatar stable, says Moody’s 10 Dec 2013 - 03:46 am

DOHA: The Outlook for banks in Qatar is stable, said Moody’s Investors Service in its “2014 Outlook — Middle East and North Africa...

QP, Zeon and Mitsui sign MoU for elastomer project 09 Dec 2013 - 11:11 am

H E Dr Mohammed bin Saleh Al Sada (second right) with other officials during the signing ceremony. DOHA: Qatar Petroleum (QP) and two...

China’s trade surplus expands 09 Dec 2013 - 11:10 am

Chinese workers making toys at a factory in Jinjiang, east China’s Fujian province. China’s trade surplus expanded in November to $33.8bn from $31.1bn...

Spanish sales likely to increase 09 Dec 2013 - 11:09 am

Shoppers and tourists at the Calle Preciados, a popular shopping street in Madrid, Spain, yesterday. Spanish shops and stores expect an increase in...

Rowhani targets stagflation in budget 09 Dec 2013 - 11:07 am

Iran President Hassan Rowhani (right) presents the proposed annual budget to Parliament Speaker Ali Larijani (centre, left) yesterday. DUBAI: Iranian President Hassan Rowhani...

Qatar Exchange index gains 47.42 points 09 Dec 2013 - 11:05 am

Traders work at Egypt’s Stock Exchange in Cairo yesterday. Doha: Qatar Exchange index gained 47.42 points, or 0.46 percent, to reach 10,436.52 points...

Bank fails to raise provisions ahead of review 09 Dec 2013 - 08:14 am

LONDON: Most of Europe’s big banks shed risky assets in the quarter to September, but they have yet to take extra provisions against...

Libya lost $7bn to oil strikes, must find new buyers: Minister 09 Dec 2013 - 08:13 am

TRIPOLI: Libya has lost more than $7bn and faces new competition from Algeria and Nigeria in oil markets due to strikes at oilfields...

General Insurance to study converting General Holding 09 Dec 2013 - 08:13 am

DOHA: Qatar General Insurance and Reinsurance will carry out a study ahead of converting Qatar General Holding Company to a private shareholding company....

Enterprise Qatar to launch Tadqeeq for start-up, SME sectors 09 Dec 2013 - 08:11 am

Doha: Enterprise Qatar (EQ) is set to launch their latest initiative, Tadqeeq, which offers 70 percent subsidised audit and bookkeeping services to the...