Business

Gold hits two-year low on China GDP 16 Apr 2013 - 01:06 am

LONDON: European stock markets fell yesterday and gold plunged to a two-year low on news that the powerful Chinese economy slowed unexpectedly in...

Qatar-French trade jumps 20pc in 2012 16 Apr 2013 - 01:05 am

DOHA: Led by deepening trade ties and rising number of French companies in Qatar, the volume of trade between Qatar and France has...

British trade team in Doha 16 Apr 2013 - 01:04 am

Willie Walsh, Chief Executive, International Airlines Group and President, London Chamber of Commerce and Industry addressing the media. With him are Matt Storey,...

KPMG Qatar managing partner appointed to parent board 16 Apr 2013 - 01:03 am

DOHA:KPMG Qatar’s managing partner Jamal Fakhro (pictured) has been appointed to the board of KPMG International. Fakhro, who is also chairman of KPMG’s...

Qatar Exchange down 0.57pc 16 Apr 2013 - 01:03 am

Doha: Qatar Exchange was down 47.92 points or 0.57 percent to 8,333.11 points yesterday from the previous closing of 8,381.03 points. Among the...

Aramco starts up Manifa oilfield 16 Apr 2013 - 01:03 am

KHOBAR: Saudi Aramco has started pumping oil from its giant Manifa field in the Gulf, allowing the world’s biggest oil exporter to relax...

Senior Goldman Sachs banker resigns 16 Apr 2013 - 01:02 am

DUBAI: Khaled Eldabag, a senior investment banker at Goldman Sachs Group Inc who handled some of the Wall Street firm’s biggest clients in...

Qatari bourse books largest one-day fall 15 Apr 2013 - 01:07 am

DUBAI: Qatar’s bourse booked its largest one-day drop in four months yesterday as investors took their cues from weak global markets to sell...

Qatar’s travel sector to see strong growth, says report 15 Apr 2013 - 01:06 am

DOHA: Backed by the government spending on tourism development, Qatar’s travel market is expected to grow steadily from $5.4bn in 2012 to $7.7bn...

Egypt stalls on IMF terms 15 Apr 2013 - 01:05 am

CAIRO: Egypt is stalling on the terms of a $4.8bn International Monetary Fund loan to help it fight a deepening economic crisis, and...

Ahli Bank nets record QR135m profit in Q1 15 Apr 2013 - 01:01 am

Sheikh Faisal bin Abdul Aziz bin Jassem Al Thani (top) and Salah Murad DOHA: Ahli Bank QSC (ABQ) has posted a record profit...

DVP scheme a success: QE 15 Apr 2013 - 01:00 am

DOHA: Qatar Exchange (QE) has announced that its DVP (delivery versus payment) mechanisms, launched in April 2011, have been performing successfully and that...

DSI Qatar bags QR180m contract 15 Apr 2013 - 12:59 am

DOHA: Drake & Scull Qatar (DSI Qatar) has been awarded a QR180m contract to execute Mechanical, Electrical and Plumbing (MEP) works for a...

Dubai Islamic Bank profit jumps 17pc 15 Apr 2013 - 12:58 am

DUBAI: Dubai Islamic Bank (DIB), the largest Shariah-compliant lender in the emirate, said yesterday that its first-quarter net profit climbed 17 percent, after...

Dubai housing stock to bounce back 15 Apr 2013 - 12:58 am

DUBAI: Another 40,000 new homes will enter Dubai’s property market over the next two years as developers revive projects stalled after the collapse...

Baby formula in demand 15 Apr 2013 - 12:51 am

Aptamil baby formula products are on sale in a Berlin drug store. Because of a strong demand the store has restricted the sale...

Gulf oil producers see no need to trim output 15 Apr 2013 - 12:50 am

DUBAI/DOHA: Gulf Arab Opec oil producers do not see the need to change production levels to support crude prices, Opec delegates said after...

First oil from Juba reaches Khartoum 15 Apr 2013 - 12:50 am

KHARTOUM: Sudan’s oil ministry said yesterday that the first crude from South Sudan reached its territory, bringing both impoverished nations closer to billions...