Business

Kuwait to spend $3.5bn less this fiscal year 19 Jul 2013 - 03:35 am

KUWAIT: Kuwait expects to spend around 1bn dinars ($3.5bn) less in the 2013/14 fiscal year, according to the state budget published by the...

Weekly Money Market Review with IBQ: This is the peak of summer’s unpredictability 19 Jul 2013 - 03:22 am

An extremely volatile week in the currency market with the US dollar losing ground in the middle of the week after the FOMC...

CBQ completes Alternatifbank stake purchase 19 Jul 2013 - 03:03 am

DUBAI: Commercial Bank of Qatar (CBQ) yesterday said it had completed the purchase of a 70.84 percent stake in Turkey’s Alternatifbank. The transaction...

GlaxoSmithKline official hit by Chinese travel ban 18 Jul 2013 - 04:31 am

A security guard walks past the GlaxoSmithKline (GSK) company sign outside the factory in Shanghai, China, yesterday. Beijing: China is preventing the British...

New BlackBerry Q5 launched in Qatar 18 Jul 2013 - 04:29 am

DOHA: BlackBerry yesterday announced that the newest BlackBerry® 10 smartphone, the BlackBerry® Q5, is now available from authorised carriers and retailers in Qatar. ...

Unemployment in UK falls 57,000 to 2.51million 18 Jul 2013 - 04:28 am

London: The number of people claiming unemployment benefit in the UK dropped by 21,200 in June, the fastest rate of decline for three...

States back EU-wide sales block in Mercedes aircon row 18 Jul 2013 - 04:28 am

BRUSSELS: National auto experts meeting in Brussels yesterday recommended an EU-wide block on the sale of Mercedes cars produced in breach of single-market...

Barclays to fight $453m power fine in US court 18 Jul 2013 - 04:27 am

NEW YORK: Barclays will contest a record $453m fine imposed by a US energy regulator against the British bank and four of its...

Bank of America profits jump 70pc 18 Jul 2013 - 04:25 am

A woman walks past a Bank of America banking center in New York’s financial district. NEW YORK CITY: Bank of America reported a...

US, European stocks score modest gains 18 Jul 2013 - 04:23 am

US Federal Reserve Chairman Ben Bernanke delivers his semi-annual monetary policy report to Congress before the House Financial Services Committee in Washington, yesterday....

Dubai up as Air Arabia jumps to near 5-year high 18 Jul 2013 - 04:22 am

Dubai: Dubai-listed budget carrier Air Arabia surged to a near five-year high yesterday, leading a rally on the emirate’s bourse ahead of UAE...

Mackeen to launch specialised ATM solutions 18 Jul 2013 - 04:22 am

DOHA: Mackeen Technology, one of the fastest growing technology companies in Qatar, will be launching specialized solutions for Automated Teller Machines (ATMs) to...

Bahrain sovereign fund loss narrows 18 Jul 2013 - 04:22 am

DUBAI: Bahrain sovereign fund Mumtalakat said yesterday its net loss for 2012 narrowed by 32.9 percent as improved performance by its financial services...

Protests mount ahead of Greek vote on layoffs 18 Jul 2013 - 04:20 am

ATHENS: Thousands of Greek workers chanting anti-austerity slogans flocked outside parliament yesterday, hours before lawmakers inside vote on a divisive reform bill that...

EU moves to cap credit card fees 18 Jul 2013 - 04:20 am

BRUSSELS: The European Commission wants to cap fees on credit and debit-cards across the European Union, draft legislative proposals showed yesterday. According to...

Bahrain Petroleum shuts unit after leak: Report 18 Jul 2013 - 04:19 am

Manama: State-run Bahrain Petroleum Co (Bapco) has unexpectedly shut a secondary unit at its 267,000 barrels per day (bpd) Sitra refinery after a...

iPhone sales stalling as rivals gain: Survey 18 Jul 2013 - 04:18 am

WASHINGTON: Apple’s iPhone sales are sputtering as rival smartphone makers ramp up their offerings, a market research firm said yesterday. The survey by...

Residential sales at three-year high 18 Jul 2013 - 02:52 am

Jed Wolfe, Managing Director, Asteco Qatar. DOHA: Residential sales in Q2 2013 reached a three-year high, led by increased freehold purchase demand in...