Business

Key European stocks rise 26 Feb 2013 - 01:28 am

LONDON: European stock markets rode an Italian election rollercoaster yesterday, rising as exit polls initially tipped a centre-left victory but then dipping as...

MasterPass and Visa payWave unveiled 26 Feb 2013 - 01:27 am

BARCELONA: Global financial groups battled yesterday to control the lucrative future of “mobile money”, which will enable people to use a smartphone to...

4bn subscribers forecast for mobile industry 26 Feb 2013 - 01:27 am

BARCELONA: The $1 trillion global mobile industry predicted yesterday a boom in subscribers to four billion people by 2018 as the world’s largest...

Egypt govt plans stock market levy 26 Feb 2013 - 01:27 am

CAIRO: Egypt will reopen talks with the IMF next month on a $4.8bn loan, a minister said yesterday, and the government laid out...

Asia to get 9,870 aeroplanes over 20 years: Airbus 26 Feb 2013 - 01:26 am

SINGAPORE: Asia-Pacific carriers will take delivery of 9,870 new passenger and cargo aircraft valued at $1.6 trillion over the next 20 years, European...

Etisalat picks banks for $6bn Maroc stake 26 Feb 2013 - 01:23 am

DUBAI/LONDON: Etisalat, the United Arab Emirates’ (UAE) biggest telecoms operator, has lined up advisers for its bid for Vivendi’s 53 percent stake in...

QIB records QR1.24bn profit in 2012 25 Feb 2013 - 01:30 am

Sheikh Jassim bin Hamad bin Jassim bin Jabor Al Thani (centre), Chairman, Qatar Islamic Bank, addressing the general assembly meeting of the shareholders...

Woqod posts QR1.15bn net profit; assets up 25 Feb 2013 - 01:30 am

DOHA: Woqod’s (Qatar Fuel) total assets for 2012 full year reached QR8bn, up by 15.7 percent, compared to the year 2011. The total...

Bahrain to benefit more from causeway 25 Feb 2013 - 01:29 am

DOHA: Bahrain will immensely benefit from the proposed Qatar-Bahrain ‘Causeway’ (‘Friendship Bridge’) as its GDP stood at $22.7bn compared with Qatar’s $173.2bn economy...

UDC approves election of new directors 25 Feb 2013 - 01:29 am

DOHA: United Development Company (UDC), leading Qatari public shareholding company and the master developer of The Pearl-Qatar, yesterday announced that the annual general...

QE launches LP activities to enhance weak stocks 25 Feb 2013 - 01:28 am

DOHA: Qatar Exchange (QE) yesterday announced its decision to launch “Sponsored Action” and the “Liquidity Provider” facilities at the bourse. While the ‘sponsored...

QIC seeks to increase capital 25 Feb 2013 - 01:28 am

DOHA: Qatar Insurance Company( QIC) has sought the approval of the Ministry of Business & Trade to increase its capital after distribution of...

Qatar Shell ties up with QDB to support SMEs 25 Feb 2013 - 01:28 am

Doha: Qatar Shell has partnered with Qatar Development Bank (QDB) to open the doors for local Small to Medium Enterprises (SMEs) to supply...

European, US telecoms divide widens 25 Feb 2013 - 01:27 am

BARCELONA: When the bosses of global mobile operators meet in Barcelona this week, there will be an elephant in the room: the widening...

Huawei claims world’s fastest smartphone 25 Feb 2013 - 01:26 am

BARCELONA: China’s Huawei, the number three smartphone maker behind giants Samsung and Apple, unveiled yesterday a new mobile, the Ascend P2, which it...

Apple, Samsung face onslaught at mobile fair 25 Feb 2013 - 01:25 am

BARCELONA: Chinese handset makers will lead an onslaught on smartphone titans Samsung and Apple when the world’s biggest mobile fair opens today in...

Qatar Holding to seek credit ratings this year 25 Feb 2013 - 01:21 am

LONDON: Qatar Holding, the investment arm of Qatar’s sovereign wealth fund, is to seek credit ratings this year. The fund, which has stakes...

GCC Regulators’ Summit today 25 Feb 2013 - 01:21 am

Doha: The two-day 7th GCC Regulators’ Summit will begin here today at the St Regis Hotel. The summit will be attended by over...