Business

SolarWorld secures backing of bondholders for overhaul 06 Aug 2013 - 01:15 am

A SolarWorld advertisement in Germany. MUNICH: Germany’s Solar-World has secured backing for a wide-ranging restructuring plan from holders of one of its outstanding...

QIG net profit up 06 Aug 2013 - 01:14 am

Doha: Qatari Investors Group (QIG) net profit for the period ending June 30 was up to QR111.3m, an increase by 73.36 percent, compared...

Abdulla Saleh Al Raisi is new Commercial Bank CEO 06 Aug 2013 - 01:13 am

DOHA: Abdulla Saleh Al Raisi (pictured) has been elevated as the new Chief Executive Officer of Commercial Bank of Qatar, while Andrew Stevens...

Mannai Corp posts record H1 revenue 06 Aug 2013 - 01:11 am

DOHA: Mannai Corporation Group posted a record revenue of QR2.94bn for the first half of 2013. The figure reflects a high 45 percent...

HSBC may face $1.6bn US lawsuit hit 06 Aug 2013 - 01:07 am

A woman walks past a branch of HSBC in central London yesterday. LONDON: HSBC posted lower than expected earnings yesterday and said it...

Over 1m British workers on zero-hours contracts 06 Aug 2013 - 01:06 am

LONDON: More than 1 million British workers could be employed on zero-hours contracts, new figures released yesterday reveal, suggesting that British business is...

Saudi index rises above 8,000; Egypt extends rally 06 Aug 2013 - 01:06 am

DUBAI: Saudi Arabia’s main stock index rose above the 8,000-point level yesterday for the first time in nearly five years, while Egypt hit...

Hyundai Heavy wins $3.3bn power plant order in Saudi 06 Aug 2013 - 01:06 am

SEOUL: South Korea’s Hyundai Heavy Industries (HHI) said yesterday that it had won a $3.3bn order to build a steam power plant in...

At revamped Etisalat, acquisitions regain traction 06 Aug 2013 - 01:05 am

DUBAI: Etisalat has kick-started a stalled acquisition strategy with a potential $10.5bn in deals, including a $5.5bn stake purchase in Morocco, its biggest...

Euromoney names Barclays ‘Best M&A House’ in the Middle East 06 Aug 2013 - 01:04 am

DOHA: In recognition of Barclays’ Mergers and Acquisitions (M&A) services, the London-based multinational banking and financial service provider, has been named as the...

Oil pares early losses 06 Aug 2013 - 01:04 am

NEW YORK: Brent crude oil pared early losses yesterday to trade back toward $109 a barrel as selling pressure eased after a report...

Egypt foreign reserves rise to 20-month high 06 Aug 2013 - 01:04 am

CAIRO: Egypt’s foreign reserves jumped in July to their highest in 20 months, the central bank said yesterday, boosted by $5bn that Gulf...

Iraq invites firms to build new Iraq-Turkey oil pipeline 06 Aug 2013 - 01:03 am

BAGHDAD: Iraq has invited international companies to build part of a new oil export pipeline linking the country’s northern Kirkuk fields to Turkey,...

Latvia not to be a tax haven 05 Aug 2013 - 03:11 am

Two men repair an advertisement sign of a currency exchange office in Riga. Latvian government denied that the former Soviet republic has the...

Mena records high rate in loan demands: IFF survey 05 Aug 2013 - 03:10 am

DOHA: Overall bank lending conditions in MENA improved for the second quarter in a row with the index reaching 52.7, the highest level...

HSBC closing accounts of diplomats in Britain 05 Aug 2013 - 03:10 am

LONDON: Global banking giant HSBC is closing the accounts of foreign diplomats in Britain and giving them 60 days to move their money,...

Barwa Bank wins four IFM Awards 05 Aug 2013 - 03:10 am

DOHA: Barwa Bank has been named the winner of International Finance Magazine (IFM) Financial Awards for Qatar 2013 for “Best Islamic Bank”, “Fastest...

Qatar bourse index rises by 0.6pc 05 Aug 2013 - 03:09 am

Doha/dubai: Qatar Exchange continued its upswing trend yesterday, adding 57.98 points (0.60 percent) to advance to 9,764.55 points from 9,706.57 on Thursday. Among...