Business

Iraq’s state-owned bank eyes Lebanon, Turkey 24 May 2013 - 01:06 am

ABU DHABI: State-owned Trade Bank of Iraq (TBI) plans to expand its domestic presence as well as open branches in Lebanon and Turkey...

Tanzania drafts terms to tame gas boom 24 May 2013 - 01:05 am

DODOMA: Tanzania has drafted policies aimed at channelling the benefits of a gas boom to its own people, in the face of a...

LG’s OLED television 23 May 2013 - 02:51 am

A visitor looks at an LG Electronics’ flexible organic light-emitting diode (OLED) TV during World IT show 2013 at the Coex convention centre...

Africa tempts Gulf bond investors 23 May 2013 - 02:50 am

DUBAI: The lure of sub-saharan Africa, with its geographic proximity and promise of higher returns, is tempting cash-rich Gulf Arab bond investors to...

Sovereign funds and Chinese bank buy into Russia’s VTB 23 May 2013 - 02:50 am

MOSCOW: The sovereign wealth funds of Qatar, Norway and Azerbaijan and China Construction Bank have bought about 55 percent of the new shares...

Cityscape Qatar to begin on Monday 23 May 2013 - 02:50 am

DOHA: The upcoming ‘Cityscape Qatar 2013’, to be held under the patronage of the Prime Minister and Foreign Minister H E Sheikh Hamad...

US demand woes push oil price down to $103 23 May 2013 - 02:49 am

LONDON: Brent crude oil dropped to $103 per barrel yesterday, after data showing a surprise jump in US petrol stockpiles sparked worries that...

Barwa to unveil several projects 23 May 2013 - 02:49 am

DOHA: Barwa Real Estate Group has announced plans to unveil several projects at Cityscape Qatar 2013. Barwa Real Estate Group’s CEO, Abdulla Abdulaziz...

QPI and Total sign pact for Congo project 23 May 2013 - 02:46 am

Doha: Qatar Petroleum International (QPI) and Total announced the signing of a framework of agreement whereby QPI will participate in Total E&P Congo...

Mercedes-Audi cost gap 23 May 2013 - 02:42 am

Mercedes-Benz cars are displayed at a dealership of German car manufacturer Daimler in Munich. How many Mercedes staff does it take to sell...

IMF calls on Britain to spend more 23 May 2013 - 02:41 am

LONDON: Britain’s government should spend more now to fund investment and steer its economy back to recovery, the International Monetary Fund said yesterday,...

Total Research Centre holds training for engineers 23 May 2013 - 02:40 am

DOHA: Total Research Centre Qatar (TRC-Q) recently conducted a one-day training programme for all engineers and researchers on the topic of solar energy...

Sri Lanka to restart refinery with Oman light crude 23 May 2013 - 02:40 am

COLOMBO: Sri Lanka’s sole refinery, which was closed last week due to a delayed crude oil delivery, will resume operations in two days...

Lloyds not to issue equity to raise capital 23 May 2013 - 02:39 am

LONDON: State-backed Lloyds Banking Group said it would not need to issue new equity or specialist debt in order to meet capital demands...

Enterprise Qatar launches training programme for entrepreneurs 23 May 2013 - 02:38 am

A group of trainees attending the Core Skills Programme. DOHA: Enterprise Qatar (EQ), an arm of the Ministry of Business and Trade, has...

Dubai faces billions of maturing debt 23 May 2013 - 02:37 am

DUBAI: As debt-laden Dubai’s economic recovery continues, with grandiose projects making a comeback, the emirate faces some near-term maturity of debt racked up...

Egypt keeps currency price steady at auction 23 May 2013 - 02:37 am

CAIRO: Egypt’s central bank kept the price of the country’s currency steady against the dollar at a special $800m foreign exchange auction yesterday,...

IDB triples authorised capital 23 May 2013 - 02:36 am

DUBAI: Islamic Development Bank, which provides financing and loans in Muslim countries, has more than tripled its authorised capital to $150bn to better...