Business

Indian Hotels posts loss 31 May 2013 - 12:59 am

Tourists use binoculars in front of the Taj Mahal Hotel in Mumbai yesterday. Indian Hotels Co Ltd posted a Rs3.4bn ($60.51m) net loss...

Al Khaliji extends financing to Lusail infrastructure development 31 May 2013 - 12:58 am

Doha: Al Khalij Commercial Bank (al khaliji) has extended contract financing facilities to a venture between Midmac Contracting Co WLL (Midmac) and Yuksel...

Key European stocks brush off Tokyo fall 31 May 2013 - 12:57 am

LONDON: European stock markets rose yesterday despite plunging Japanese stocks as traders digested US growth data and signs of improved confidence in the...

Egypt converts Qatari funds into 18-month notes: Official 31 May 2013 - 12:57 am

CAIRO: Egypt has converted $2.5bn that Qatar lent it in December into 18-month notes and is working to convert another $3bn lent this...

Bahrain to host oil and gas dispute resolution meet 31 May 2013 - 12:57 am

MANAMA : The International Oil and Gas Dispute Resolution Conference 2013 yesterday announced the Patronage of HRH Prince Khalifa bin Salman Al Khalifa,...

Anti-money laundering meet held 31 May 2013 - 12:56 am

DOHA: Pricewaterhouse-Coopers (PwC) yesterday hosted the first of its ‘PwC Series’ events on anti-money laundering, with particular focus on recent changes to the...

Mobile app payment 30 May 2013 - 02:03 am

A cashier of German supermarket chain Edeka Netto scans a shopping app on a customer’s iPhone in Berlin, yesterday. Customers of the supermarket...

Blue chips lift Qatar index to 28-month high 30 May 2013 - 02:03 am

DUBAI: Qatar’s blue chips helped lift the bourse to a new 28-month high on Wednesday, while most other Gulf markets also gained. Doha’s...

Travelling Curiosities 30 May 2013 - 02:00 am

A chameleon figure made with bags during a press preview event of Louis Vuitton’s “Travelling Curiosities” exhibition at a shopping mall in Wuhan,...

QFC Authority attractive for family business jurisdiction, says study 30 May 2013 - 01:59 am

DOHA: Among the other financial centres in the Middle East, Qatar Financial Centre Authority (QFC Authority) will increasingly be seen as an attractive...

Qatar one-year currency forwards dip 10 points 30 May 2013 - 01:59 am

DUBAI: Qatar’s one-year currency forwards fell yesterday to their lowest level since May 2012 after the central bank hinted the country could drop...

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...