Business

QE Index shed 19.34 points this week 29 Mar 2013 - 04:05 am

DOHA: Qatar Exchange (QE) Index lost 19.34 points or 0.22 percent during this week to close at 8,586.26 points. During the week, trading...

Fitch affirms Ooredoo at ‘A+’; Outlook Stable 29 Mar 2013 - 04:04 am

DOHA: Fitch Ratings has affirmed Ooredoo’s (Qatar Telecom QSC) Long-term foreign currency Issuer Default Rating (IDR) at ‘A+’ with Stable Outlook. Qtel International...

Wataniya names new CEO 29 Mar 2013 - 04:04 am

DOHA: Ooredoo subsidiary Wataniya Telecom’s current Deputy CEO Abdulaziz Fakhroo has been appointed as CEO for Wataniya Telecom, replacing Dr Bassam Hannoun who...

Funding squeeze keeps Egyptians in the dark 29 Mar 2013 - 04:03 am

CAIRO: Power cuts in Egypt are due to a lack of funds to buy fuel for power stations, the oil ministry said yesterday,...

UAE agrees to soften stance on mortgages 29 Mar 2013 - 04:03 am

ABU DHABI: The UAE Central Bank has agreed, in principle, to soften plans to introduce limits on mortgage lending for residential properties following...

QNB announces acquisition of controlling stake in NSGB 29 Mar 2013 - 04:02 am

Doha: QNB Group yesterday officially announced the successful completion of acquiring a controlling stake in National Societe Generale Bank - Egypt (NSGB). The...

Nissan Leaf comes to England 29 Mar 2013 - 03:35 am

British Prime Minister David Cameron talks to Gwilym Jeans, Trim and Chassis Manager, as they look at a model called the Nissan ‘Half...

Cyprus banks reopen 29 Mar 2013 - 03:34 am

People queue outside a Laiki bank branch in the Cypriot capital of Nicosia, yesterday, as they wait for the bank to open after...

Qatar’s corporate tax lowest: Report 29 Mar 2013 - 03:34 am

Doha: The GCC countries are studying the possibility of introducing Value Added Tax (VAT) by 2015, which may have a huge impact on...

President cuts own salary by 25pc 29 Mar 2013 - 03:34 am

NICOSIA: Cypriot President Nicos Anastasiades has decided to cut his own salary by 25 percent, while cabinet members will take a 20 percent...

BP to go ahead with $500m Shetlands investment 29 Mar 2013 - 03:33 am

LONDON: British oil group BP is pressing ahead with a $500m-plus investment in the Shetland Islands, a shot in the arm for the...

India slaps $363m tax demand on Nokia 29 Mar 2013 - 03:33 am

NEW DELHI: Struggling Finnish phone giant Nokia said yesterday Indian tax officials had slapped the company with a tax demand for a reported...

Tunisia seeks Qatari investments 28 Mar 2013 - 04:49 am

The Chairman of the Qatar Businessmen’s Association Sheikh Faisal bin Qassim Al Thani hands over a memento to Tunisian President Dr Mohamed Moncef...

British delegation seeks to capitalise on 2022 projects 28 Mar 2013 - 04:48 am

Some of the members of the British delegation. DOHA: The UK-based Middle East Association has brought in a delegation of British companies to...

SIIL wins nod for Salam Bounian acquisition 28 Mar 2013 - 04:47 am

Some of the directors of Salam International Investment Limited during their meeting. DOHA: The Board of Directors (BOD) of Salam International Investment Limited...

International Islamic gets top rating 28 Mar 2013 - 02:15 am

DOHA: Islamic International Rating Agency (IIRA) has assigned a national scale rating of A+/A-1 (QR) (A plus/A-one) to Qatar International Islamic Bank (International...

Revenue of banks grew 12pc in 2012 28 Mar 2013 - 02:14 am

DOHA: Revenue of Qatari banks grew by 12 percent in 2012 as the combined revenues of the banking industry in the Middle East...

Qatari bourse ends in green 28 Mar 2013 - 02:13 am

Doha/Dubai: Qatar Exchange traded in the green area yesterday adding 33.56 points (or 0.4 percent) to advance to 8,606.67 points from 8,573.11 Tuesday. ...