Business

Euromoney selects QNB Best Bank in Qatar 30 May 2013 - 01:59 am

DOHA: Qatar National Bank (QNB) has bagged yet another award as the ‘Best Bank in Qatar’ by ‘Euromoney’ magazine, a press statement said...

Capital Intelligence affirms FSR ‘A’ for Qatar Islamic Bank 30 May 2013 - 01:58 am

DOHA: Qatar Islamic Bank (QIB) has been affirmed by international credit rating agency, ‘Capital Intelligence’ (CI), with a Financial Strength Rating (FSR) of...

KEO to manage Al Wakrah Stadium project 30 May 2013 - 01:56 am

An artist’s impression of the Al Wkrah Stadium project. DOHA: The Qatar 2022 Supreme Committee has appointed KEO as the Project Manager and...

OECD sees ‘robust’ growth 30 May 2013 - 01:54 am

OECD Secretary-General Angel Gurria speaks as Norway Prime Minister Jens Stoltenberg (centre) and OECD Chief Economist Pier Carlo Padoan listen during the presentation...

Annual HSE Forum in Energy to kick off on September 30 30 May 2013 - 01:54 am

DOHA: The 9th Annual HSE Forum in Energy to discuss issues related to health, safety and environment in the energy sector will take...

EU calls on France to rein in spending 30 May 2013 - 01:53 am

BRUSSELS/PARIS: France must this year start to reform its pension system, rein in public spending and further cut labour costs in return for...

Crude price edges down on economic uncertainty 30 May 2013 - 01:10 am

NEW YORK: Oil futures retreated yesterday on worries the Federal Reserve could phase out its stimulus programme, and in an uncertain demand outlook...

Siemens apprentice 30 May 2013 - 01:09 am

Engineering apprentice Gabriel Ahimah Vijent of Britain in a workshop at the Siemens training centre in Berlin. Vijent is in his first year...

Turkey steps up Islamic finance push 30 May 2013 - 01:09 am

ISTANBUL: When Turkish Prime Minister Tayyip Erdogan came to power a decade ago it would have been almost unthinkable for his government to...

UBP snaps up private banking arm of Lloyds international 30 May 2013 - 01:08 am

ZURICH/LONDON: Union Bancaire Privee (UBP) is buying Lloyds Banking Group’s international private banking arm as the bailed-out British lender focuses on its domestic...

IMF growth forecast too low: Saudi 30 May 2013 - 01:07 am

RIYADH: Saudi Finance Minister Ibrahim Al Assaf disagreed yesterday with the IMF’s forecast that the oil-rich kingdom’s GDP will grow by only 4.4...

Total boss may face trial over Iran oil bribes 30 May 2013 - 01:06 am

PARIS/NEW YORK: US and French legal authorities cracked down on Total yesterday with $398m in fines and plans to bring the oil company...

Oman plans dollar bond issue in 2014: Central bank 30 May 2013 - 01:05 am

DUBAI: Oman’s government is considering a proposal to issue dollar-denominated sovereign bonds sometime in 2014, which could lead to regular debt sales in...

Tata Motors Q4 net profit beats forecast 30 May 2013 - 01:04 am

A showroom attendant cleans a Tata Nano car at their flagship showroom in Mumbai yesterday. MUMBAI: India’s top automaker Tata Motors saw its...

IMF cuts 2013 forecast for China growth 30 May 2013 - 01:03 am

BEIJING: The International Monetary Fund cut its 2013 growth forecast for China to “around 7.75 percent”, a top official said yesterday, citing a...

India moves to regulate coal industry to improve supply 30 May 2013 - 01:03 am

NEW DELHI: India took a step towards setting up a regulator for its coal industry yesterday, a move it hopes will improve supplies...

Islamic Development Bank sells $1bn sukuk 30 May 2013 - 01:02 am

DUBAI: Islamic Development Bank (IsDB), a Jeddah-based multilateral institution, raised $1bn from the sale of a five-year Islamic bond, or sukuk, at par...

FIHC buys soy, sunflower oil 30 May 2013 - 01:01 am

HAMBURG: Egypt’s state-owned Food Industries Holding Company (FIHC) has bought 9,000 tonnes of soy oil and 12,000 tonnes of sunflower oil in an...