Business

Qatar banks to extend loan loss provisions in Q3 07 Oct 2013 - 02:57 am

DOHA: After recording a high 63.3 percent increase (quarter-on-quarter) in their provision expenses in the second quarter of 2013, Qatar-based banks are projected...

$100-110 oil price acceptable, says Kuwait minister 07 Oct 2013 - 02:56 am

KUWAIT CITY: Kuwaiti Oil Minister Mustafa Al Shamali said that an oil price of between $100 to $110 per barrel is acceptable to...

Muntajat launches its global arm in The Hague 07 Oct 2013 - 02:56 am

DOHA: Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) has announced the launch of its global arm in Hague. From the city...

Qatar Businesswomen, IBN global forum from November 11 07 Oct 2013 - 02:56 am

DOHA: The Qatari Business Women Association, in collaboration with Interactive Business Network (IBN), will host the fourth annual Qatar International Business Women Forum...

Greece plans swapping bailout loans with 50-year bond 07 Oct 2013 - 02:55 am

ATHENS: Greece is looking into swapping a big chunk of its bailout loans with a 50-year government bond as a way to achieve...

Fighting protectionism, reforms critical to global recovery: APEC 07 Oct 2013 - 02:54 am

From Left: Sumitomo Chemical Chairman Hiromasa Yonekura greets New Zealand’s Prime Minister John Key as Indonesia’s Trade Minister Gita Wirjawan greets former US...

Doha Bank general assembly to decide on capital raise 07 Oct 2013 - 02:54 am

DOHA: The Board of Directors of Doha Bank yesterday decided to submit its proposal regarding the issuance of Tier 1 capital to the...

Yussaffali tops Arabian Business Indian Power List 07 Oct 2013 - 02:52 am

Doha: EMKE Group chief Yusuffali MA (pictured) has topped the Arabian Business Indian Power List for the fourth successive year. Published yesterday, the...

Diversification to fuel rapid growth in GCC 07 Oct 2013 - 02:24 am

DUBAI: According to EY’s most recent Rapid-Growth Markets (RGMs) Forecast, the GCC can expect to see robust economic growth over the medium term...

Retail plans with Bharti not tenable: Wal-Mart 07 Oct 2013 - 02:23 am

NUSA DUA, Indonesia: Wal-Mart Stores Inc’s retail plans with India partner Bharti Enterprises are “not tenable” and both sides are looking for the...

Spain’s bad bank close to big land sale as disposals pick up 07 Oct 2013 - 02:23 am

MADRID: Spain’s “bad bank” is about to start its biggest sale so far of land taken over from bailed-out lenders, as property prices...

Italian luxury firm Loro Piana defends takeover, eyes expansion 07 Oct 2013 - 01:16 am

A woman works at the Italian fashion group Loro Piana’s plant in Roccapietra. Loro Piana was bought by French giant LVMH for $2.7bn....

Qatari bourse index loses 29.53 points 07 Oct 2013 - 01:15 am

Doha: Qatar Exchange index slipped by 29.53 points, or 0.30 percent, to 9,731.50 points from the previous closing of 9,761.03 points. The volume...

South Africa union ends four-week auto components sector strike 07 Oct 2013 - 01:15 am

JOHANNESBURG: South African trade union NUMSA said it had reached a deal to end a four-week strike in the auto components sector that...

GE sees 10-15pc growth in emerging markets 07 Oct 2013 - 01:14 am

NUSA DUA, Indonesia: General Electric Co Vice-Chairman John Rice said yesterday that despite the shaky global economy, he expected the firm’s infrastructure businesses...

Ajman Bank sacks chief executive 07 Oct 2013 - 01:14 am

DUBAI: Ajman Bank has sacked its Chief Executive Mohammed Zaqout, less than six months after appointing him to lead the United Arab Emirates’...

As developed states improve, BRIC stumbles 07 Oct 2013 - 12:52 am

NEW YORK: The developing countries of Brazil, Russia, India and China recovered quickly from the financial crisis five years ago. Their spending helped...

Russia’s VTB agrees deal to sell Rosbank stake to SocGen 07 Oct 2013 - 12:52 am

MOSCOW: Russia’s second-largest bank VTB has agreed to sell its stake of around 10 percent in Societe Generale’s Russian unit Rosbank to the...