Business

Central bank hikes rates to stop rupee slide 16 Jul 2013 - 05:00 am

MUMBAI: India’s central bank hiked two interest rates late yesterday to support the ailing rupee in a move that could slow the recovery...

UK charges 2 brokers over rate scandal 16 Jul 2013 - 05:00 am

LONDON: Britain’s fraud prosecutor yesterday charged two former brokers at interdealer broker RP Martin with conspiracy to defraud, stepping up its investigation into...

Islamic Holding Group records QR4.4m net profit 16 Jul 2013 - 04:44 am

DOHA: The Islamic Holding Group’s net profit for the first half of 2013 reached QR4.4m, compared with QR4.1m for the same period in...

UK charges 2 brokers over rate scandal 16 Jul 2013 - 04:44 am

LONDON: Britain’s fraud prosecutor yesterday charged two former brokers at interdealer broker RP Martin with conspiracy to defraud, stepping up its investigation into...

QIIB posts QR366m H1 profit 16 Jul 2013 - 03:39 am

Sheikh Dr Khalid bin Thani Al Thani & Jamal Al Jamal DOHA: The International Islamic’s (Qatar International Islamic Bank or QIIB) net profit...

BCDR rules in favour of Barwa 15 Jul 2013 - 01:39 am

DOHA: In a significant ruling, the Bahrain Chamber of Dispute Resolution (BCDR) has ordered two prominent Bahraini companies to repay Barwa International SPC,...

QSRTC completes tests on fiber-optic seismic system 15 Jul 2013 - 01:33 am

DOHA: Qatar Shell Research & Technology Centre (QSRTC) successfully completed the field testing of a new fiber-optic seismic system. Making use of cutting-edge...

World’s largest container carrier 15 Jul 2013 - 01:32 am

The Maersk Mc-Kinney Moller, the world’s largest container carrier, which was built in Okpo, South Korea, is scheduled to enter South Korea’s largest...

Kia rolls out millionth vehicle in US 15 Jul 2013 - 01:27 am

The Sorento SLX midsize crossover is displayed at the Kia Motors America’s factory in West Point, Georgia, as the millionth vehicle is rolled...

‘Weaknesses’ of Qatar’s banking sector identified 15 Jul 2013 - 01:26 am

DOHA: Despite high stability and strong profitability, severe exposure to real estate sector and aggressive expansion plans are key “weaknesses” of Qatar’s banking...

Ooredoo QSC ticker changes to ‘ORDS’ 15 Jul 2013 - 01:26 am

DOHA: Ooredoo Q.S.C yesterday announced that its ticker has been changed to “ORDS” from QTEL.QA with immediate effect. The company will trade as...

Two-for-one tactics threaten European car market rebound 15 Jul 2013 - 01:25 am

PARIS/FRANKFURT: Elie Chauvin did not plan to buy a new car when he stopped by his local Hyundai showroom, but the retired builder...

ExxonMobil’s $735m Ukraine pledge shows Black Sea zeal 15 Jul 2013 - 01:25 am

BUCHAREST, Romania: ExxonMobil Corp is so confident of prospects in the unexplored Black Sea it will spend $735m to drill just two deep-water...

Regulators on Wall Street turn to technology to find suspicious trades 15 Jul 2013 - 01:23 am

WASHINGTON: The regulators who police Wall Street are ramping up their surveillance of trading activity, using technology to suss out potentially abusive practices...

South Korea keeps rates 15 Jul 2013 - 01:21 am

A vendor stands in her stall at a late night clothing market in Seoul. South Korea’s central bank left interest rates unchanged at...

Hollande no to shale gas exploration 15 Jul 2013 - 12:47 am

French President Francois Hollande greeted by people during his visit to naval job fair in Boulogne-sur-mer, northern France, yesterday. PARIS: French President Francois...

Qatar bourse index down 0.23 percent 15 Jul 2013 - 12:47 am

Doha: Qatar Exchange was down 21.78 points or 0.23 percent to 9,398.19 points yesterday from the previous closing of 9,419.97 points. Among the...

Shipping market in recovery mode 15 Jul 2013 - 12:46 am

LONDON: The cost of shipping raw materials is surging but amid slowing Chinese economic growth and other global strains, the market remains well...