Business

Greece-IMF talks 10 Apr 2013 - 10:30 pm

International Monetary Fund’s Deputy Director and Mission Chief to Greece Poul Thomsen (centre) arrives for a meeting at the finance ministry in Athens...

Qatar Exchange index loses 7.06 points 10 Apr 2013 - 10:30 pm

Doha: Qatar Exchange has lost 7.06 points or 0.08 percent ysterday to hit 8,511.28 points from the previous closing of 8,518.34 points. The...

Cargo piles up as Hong Kong strike drags on 10 Apr 2013 - 10:28 pm

HONG KONG: Striking dock workers at a port operator backed by Hong Kong’s richest man Li Ka-shing failed to reach a deal for...

Cyprus Airways to keep flying – for now 10 Apr 2013 - 10:27 pm

NICOSIA: Near-bankrupt national carrier Cyprus Airways will be kept operational for now but it must undergo drastic restructuring to ensure its immediate future,...

QCB governor at Rome forum 10 Apr 2013 - 01:12 am

Qatar Central Bank Governor and Chairman of the Islamic Financial Services Board H E Sheikh Abdulla bin Saoud Al Thani (right) greets Italian...

Qatar banking system outlook stable 10 Apr 2013 - 01:11 am

DOHA: The outlook for Qatar’s banking system remains stable, unchanged since 2010, and banks’ lending is expected to grow between 20 percent and...

Doha Bank seeks to double foreign profits by 2015 10 Apr 2013 - 01:10 am

DOHA: Doha Bank, Qatar’s fifth-largest lender by market value, plans to nearly double its profits from international operations by 2015. The lender, which...

Turkish Airlines to buy 95 more Boeing planes 10 Apr 2013 - 01:09 am

ISTANBUL: The Turkish national carrier Turkish Airlines (THY) said yesterday that it would buy 95 more planes from US aerospace giant Boeing as...

Saudi firm to buy out Indian partner 10 Apr 2013 - 01:08 am

DUBAI: Saudi Arabian family firm Dabbagh Group is in the advanced stages of buying out its Indian partner’s stake in a lubricant venture...

Oil prices near eight-month low on demand worries 10 Apr 2013 - 01:07 am

LONDON: Brent crude oil steadied below $105 per barrel yesterday, close to an eight-month low, as investors worried faltering global growth and recession...

Kuwait oil workers protest 10 Apr 2013 - 01:02 am

Kuwaiti workers in the oil sector hold placards reading in Arabic ‘When will promises be fulfilled?’ as they stage a protest in Kuwait...

FBI probe into insider trading rattles KPMG 10 Apr 2013 - 01:02 am

Washington: In a case that could shake one of the world’s largest accounting firms, KPMG said it resigned as auditor of two U...

US Treasury chief urges strong EU countries to spur growth 10 Apr 2013 - 01:01 am

BERLIN: US Treasury Secretary Jacob Lew urged Europe’s strongest economies to help spur growth after talks yesterday in Germany and France, as Portugal...

Austria joins Luxembourg for EU bank secrecy talks 10 Apr 2013 - 01:01 am

VIENNA/LONDON: Austria will join Luxembourg for talks with the European Union on how to crack down on cross-border tax cheats, Chancellor Werner Faymann...

Qatar Exchange index sheds 2.37 points 10 Apr 2013 - 01:01 am

Doha: Qatar Exchange index dropped 2.37 points or 0.03 percent yesterday to 8,518.34 points from the previous closing of 8,520.71. The volume of...

Saudi banks beat Q1 profit forecast 10 Apr 2013 - 01:00 am

DUBAI: Saudi Hollandi Bank and Saudi British Bank (SABB) beat estimates for first-quarter net profit, with both lenders attributing the growth in earnings...

UAE introduces direct debit system for banks 10 Apr 2013 - 01:00 am

DUBAI: The United Arab Emirates central bank said yesterday it was introducing a direct debit system for commercial banks, a step which could...

Cyprus economy limps back 10 Apr 2013 - 12:57 am

Workers on a scaffolding after restart of construction projects in Nicosia, Cyprus, yesterday. The long bank closure throughout the island has severely affected...