Business

Doha: Qatar National Bank announced yesterday the appointment of the Minister of Finance H E Ali Sherif Al Emadi as Chairman of QNB  ...

RIYADH: Saudi Butanol Company (Sabuco), a joint venture of local petrochemicals firms, has awarded South Korea’s Daelim Construction Co a SR1.1bn ($293m) contract...

Doha: Qatar Exchange (QE) announced yeterday that its official business hours during the holy month of Ramadan will be from 8.30am to 1.30pm,...

Doha: Qatar Exchange index lost 9.04 points or 0.10 percent to reach 9,363.13 points from the previous closing of 9,372.17 points.  The volume...

AIX-EN-PROVENCE, France: The European Central Bank cannot solve the eurozone crisis, Bundesbank chief Jens Weidmann told economists yesterday, pressing the bloc’s governments to...

QUITO: China National Petroleum Corp (CNPC) has agreed to help finance the construction of a $12bn refinery project in Ecuador, the South American...

PARIS: Engine makers for next-generation Airbus and Boeing narrow-body jets stepped up their war of words yesterday, claiming their new power plants will...

LONDON: The imminent birth of Britain’s royal baby will be announced on a golden easel and hailed by cannon fire — but royal-watchers...

Last week the market revolved around the US Job report and several major Central Bank meetings. The ECB and BoE decisions to keep...

The International Monetary Fund’s Deputy Director and Mission Chief to Greece Poul Thomsen (right) arrives for a meeting at the Finance Ministry in...

New Delhi: India’s Reliance Communications will spin off its real estate business into a separately listed unit, a move the country’s No.3 mobile...

New Delhi: India’s Reliance Communications will spin off its real estate business into a separately listed unit, a move the country’s No.3 mobile...

ABU DHABI: Abu Dhabi Islamic Bank  (ADIB) has closed a Dh1.32bn ($360m) syndicated Islamic facility for one of the largest operator’s and owner...

AIX-EN-PROVENCE, France: The US federal budget cuts are an inappropriate measure that will weigh on potential growth, IMF chief Christine Lagarde said yesterday,...

AIX-EN-PROVENCE, France: IMF chief Christine Lagarde yesterday signalled Sunday that her organisation would be lowering slightly its global economic growth forecasts, which are...

Tel Aviv: Indebted Israeli conglomerate IDB Holding presented to a Tel Aviv court a new proposal for a debt restructuring after Argentinian businessman...

Ahmad Al Abdulla, Deputy CEO of Barwa Real Estate Group, during the launch of the property. DOHA: Barwa Real Estate Group has officially...

DOHA: Driven by  a ‘better-than-expected’ growth in the non-oil GDP sector of Qatar and Saudi Arabia, the GCC’s growth rate in this key...