Business

Qatari expert appointed advisor to Russian fund 11 Jul 2013 - 05:48 am

DOHA: The Russian Direct Investment Fund (RDIF) has appointed three new members, including Ahmad Al Sayed, CEO, Qatar Investment Authority, to the fund’s...

Qatari institutions buy more shares in June 11 Jul 2013 - 05:47 am

Doha: Qatari institutions bought marginally more shares in June compared with the percentage of shares of the total value bought in May, according...

RasGas delivers first LNG cargo to Mexico 11 Jul 2013 - 05:46 am

DOHA: RasGas Company Limited (RasGas) achieved yet another milestone yesterday when the first delivery of Liquefied Natural Gas (LNG) arrived at the Manzanillo...

Billions of Gulf aid push Egypt’s bourse up 11 Jul 2013 - 05:45 am

Traders at Egypt’s stock market in Cairo. DUBAI: Egypt’s bourse rose yesterday after Gulf countries pledged billions of dollars in aid but gains...

Indian firms take brunt of rupee’s slide: Agency 11 Jul 2013 - 05:44 am

NEW DELHI: Indian companies will be “severely” hit by the rupee’s plunge to record lows due to their hefty foreign debts, the country’s...

UK to privatise Royal Mail 11 Jul 2013 - 05:42 am

LONDON: Britain’s government yesterday announced plans to privatise more than half of Royal Mail, the state-run postal delivery service, following a major restructuring...

Investors warned of ‘dubious’ fund 11 Jul 2013 - 01:48 am

DOHA: QFC Regulatory Authority has strongly warned investors against a “$160m Investment Fund” which claims to be operating from Qatar. The regulatory authority...

BMW sales surge 10 Jul 2013 - 09:34 am

A security personnel walks inside a BMW factory in Shenyang, Liaoning province of China yesterday. BMW’s sales rose faster in June than at...

Banks dominate GCC bond market 10 Jul 2013 - 09:33 am

DOHA: The banking sector continued to dominate GCC’s corporate bond market in Q2, 2013. The Qatar National Bank (QNB) helped prop up the...

IMF cuts global growth forecast 10 Jul 2013 - 09:32 am

WASHINGTON: The International Monetary Fund trimmed its global growth forecast yesterday for the fifth time since early last year due to a slowdown...

NYSE Euronext to take over running of Libor 10 Jul 2013 - 09:32 am

LONDON: The US owner of the New York Stock Exchange (NYSE) will take over the running of Libor, the benchmark interest rate at...

Profit of Qatari firms expected to rise over 7pc in Q2, 2013 10 Jul 2013 - 09:31 am

DOHA: Qatari companies’ Q2, 2103 profits are forecast to increase by 7.3 percent on a year-on-year, mainly led by QNB, Ooredoo and Gulf...

Ali Ahmed named QNB acting CEO 10 Jul 2013 - 09:30 am

DOHA: The Board of Directors of Qatar National Bank (QNB) Group yesterday appointed Ali Ahmed Al Kuwari (pictured) as the Acting Chief Executive...

Fracking in Poland 10 Jul 2013 - 09:29 am

Employees monitor earth coming to the surface during a drilling process at a shale gas fracking facility run by Poland’s PKN Orlen company...

Morocco wants local partner for Maroc Telecom 10 Jul 2013 - 09:29 am

PARIS/LONDON: Morocco wants Gulf telecom operator Etisalat to take on a local partner as a condition of backing its bid for a 53...

Shell names van Beurden CEO 10 Jul 2013 - 09:27 am

LONDON: Royal Dutch Shell named head of refining Ben van Beurden to replace chief executive Peter Voser, a surprise appointment to steer Europe’s...

Turkish lira firms; analysts doubt central bank firepower 10 Jul 2013 - 09:27 am

ANKARA: The Turkish currency, the lira, firmed in early trading yesterday, having rallied on Monday after the central bank intervened on the foreign...

Lloyds buyout arm targets record year 10 Jul 2013 - 09:27 am

LONDON: The private equity arm of Lloyds Banking Group is targeting a record £400m ($603m) worth of deals this year, extending one of...