Business

Qatar’s T-bill yields jump to year-high 02 Oct 2013 - 12:02 am

DUBAI: Yields at a Qatari Treasury bill auction jumped yesterday to their highest level in at least a year, signalling unusually tight money...

Brent falls below $108 on fears of crimp in demand 02 Oct 2013 - 12:02 am

LONDON: Brent oil slid below $108 a barrel yesterday on worries that a shutdown of the US government will crimp demand, while easing...

Qatari Islamic banks record strong growth rate in GCC 02 Oct 2013 - 12:01 am

DOHA: GCC banking system assets have risen by a compound average growth rate of 6.9 percent a year since 2009 to reach $1.6...

Egypt economy to miss govt growth forecast, says survey 02 Oct 2013 - 12:01 am

CAIRO: Egypt’s economy will only grow 2.6 percent in the fiscal year ending June 2014, well below the 3.5 percent the government expects...

Iraq southern oil exports average down in September 01 Oct 2013 - 11:34 pm

BASRA: Iraq’s southern oil exports averaged 1.821 million barrels per day (mbpd) in September, down from 2.308 million bpd in August due to...

China manufacturing up in September 01 Oct 2013 - 11:34 pm

Workers on the production line of the Shanghai Volkswagen joint venture factory. China’s manufacturing activity climbed marginally to 51.1 percent in September.

Toyota launches Yaris 2014 01 Oct 2013 - 11:32 pm

Officials of Toyota Corporation and their local dealer Abdullah Abdulghani and Brothers Co during the launch of the Yaris 2014 in Doha. (Salim...

Industrial sector props up Qatari bourse index 01 Oct 2013 - 11:32 pm

Doha: Qatar Exchange index added 19.98 points, or 0.21 percent, to advance to 9,628.30 points from 9,608.32 on Monday. The volume of the...

Kuwait needs to curb wage growth: IMF 01 Oct 2013 - 11:32 pm

KUWAIT: Kuwait must rein in public spending, especially on wages, and find new sources of income if it wants to keep its fiscal...

Indian tax officials freeze Nokia assets 01 Oct 2013 - 11:24 pm

MUMBAI: Indian authorities have frozen some of Finnish telecom giant Nokia’s assets, the company said yesterday, amid a Rs20bn ($321m) tax dispute with...

QNB launches platform to support SMEs 01 Oct 2013 - 01:23 am

FROM LEFT. Ali Abdullah Darwish, Assistant General Manager, Corporate Banking, QNB; Abdulla Mubarak Al Khalifa, General Manager, Corporate Banking; Yousef Ali Darwish, General...

Mashreq to be lead bank for Qatar Rail’s project 01 Oct 2013 - 01:22 am

DOHA: Mashreq is set to be the lead bank in a consortium providing finance to the joint venture which was awarded the QR8.46bn...

Qatar tops Mideast in GFCI 14 index 01 Oct 2013 - 01:22 am

Doha: The latest Global Financial Centres Index (GFCI 14) covering 80 financial centres published yesterday by the London based Z/Yen Group ranked Qatar...

Airbus delivers first A400M military plane 01 Oct 2013 - 01:22 am

SEVILLE: After years of delays and huge cost over-runs, Airbus yesterday delivered its first A400M military transport plane, handing over the huge turboprop...

Consortium to launch 1,400km GCC fibre network 01 Oct 2013 - 01:20 am

Consortium representatives during the announcement of Middle East-Europe Terrestrial System in Dubai. DOHA: A GCC-wide telecoms consortium has been formed to build a...

Long-term BP, Rosneft crude deal likely 01 Oct 2013 - 01:20 am

LONDON: BP is working on becoming the first oil major with a long-term deal to buy seaborne crude from Rosneft, trade sources said,...

Regulators may ease rules on securitised debts 01 Oct 2013 - 01:20 am

LONDON: Regulators are set to ease capital requirements on securitised debt within about two years to help wean banks off central bank money,...

Oil falls on worry over looming US shutdown 01 Oct 2013 - 01:20 am

NEW YORK: Brent crude oil fell yesterday, heading for its first monthly decline since May, as a looming US government shutdown clouded the...