Business

European stock markets diverge; gold price dips 01 Nov 2013 - 01:14 am

LONDON: European stock markets diverged yesterday. London’s benchmark FTSE 100 index fell 0.68 percent to 6,731.43 points, but Frankfurt’s DAX 30 rose 0.26...

Six central banks to make currency swap accords permanent 01 Nov 2013 - 01:12 am

TOKYO: Six major central banks said yesterday that they would make their web of currency swap arrangements permanent as a “prudent liquidity backstop”...

Ooredoo posts QR25.65bn revenue 31 Oct 2013 - 01:06 am

DOHA: Driven by continued strong performances in Qatar, Algeria and Iraq, Ooredoo’s Group revenue grew by 2.6 percent to QR25.65bn during the first...

Qatar Exchange becomes full member of WFE 31 Oct 2013 - 01:05 am

Doha: In a new recognition of the progress achieved by Qatar Exchange (QE) at various technical, regulatory and operational levels, Qatar Exchange yesterday...

Muntajat, Qapco and Qatofin take part in Dusseldorf K Trade Fair 31 Oct 2013 - 01:00 am

A view of the Qatar companies’ stall at the K Trade Fair. Doha: Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat), Qatar...

South Korea industrial output falls 31 Oct 2013 - 12:57 am

Hanjin Shipping’s container terminal at the Busan New Port in Busan, about 420 km southeast of Seoul. Industrial output fell by a seasonally...

‘Qatar has major petrochemical expansion plans’ 31 Oct 2013 - 12:56 am

DOHA: Qatar has greater petrochemical expansion plans than any other country in the region over the next 5-10 years and is well positioned...

Mashreq expands mega project financing across the Gulf states 31 Oct 2013 - 12:56 am

DOHA: After the success of taking part in the consortium financing of a joint venture that was awarded the QR8.46bn contract by Qatar...

Aamal Company records QR240m profit in nine months 31 Oct 2013 - 12:56 am

DOHA: Aamal Company recorded QR240m net profit for the first nine months of 2013 (9M 2013) compared to a net profit of QR199.5m...

Ahli United Bank posts $502.2m net profit 31 Oct 2013 - 12:55 am

DOHA: Ahli United Bank (AUB) reported a net profit attributable to its equity shareholders of $502.2m for the nine months ended September 30,...

Brent above $109 on Libya, WTI falls on US stock build 31 Oct 2013 - 12:54 am

LONDON: Brent edged higher above $109 a barrel yesterday as export disruptions in Libya cut supplies to Europe and Asia, while the benchmark...

Commercial Bank posts QR1.30bn net profit 31 Oct 2013 - 12:53 am

DOHA: Commercial Bank of Qatar delivered a net profit of QR1.30bn for the nine months ended September 30, 2013. The bank’s total assets...

QFC Authority honoured with Best Financial Centre in Mideast award 31 Oct 2013 - 12:46 am

Doha: The Qatar Financial Centre Authority said yesterday that it has won the Global Investor/ISF magazine “Best Financial Centre in the Middle East”...

NBC drives up Comcast profit 31 Oct 2013 - 12:31 am

Pedestrians walk past an NBC logo outside Rockefeller Center in New York. Comcast Corp posted net income that beat analyst estimates, as the...

KPMG appoints Craig, Andreas as partners 31 Oct 2013 - 12:29 am

Doha: KPMG in Qatar yesterday announced the appointment of Craig Richardson (pictured left) as partner, Head of Tax, and Andreas Philippou (pictured right)...

Russia targets Gazprom’s LNG monopoly 31 Oct 2013 - 12:27 am

MOSCOW: The Russian government took aim yesterday at Gazprom’s 25-year monopoly on gas exports by laying the groundwork for other companies to begin...

Spain escapes recession in Q3 31 Oct 2013 - 12:27 am

MADRID: Spain escaped from a two-year recession in the third quarter of this year with growth of 0.1 percent, official data showed yesterday,...

Vedanta gets shareholder nod for India buyout offers 31 Oct 2013 - 12:26 am

Bangalore: Mining conglomerate Vedanta Resources Plc won the backing of its shareholders to offer up to $3.48bn to buy the Indian government’s minority...