Business

Gulf banks look beyond the region 20 Mar 2013 - 03:49 am

DOHA: As the bankable population in the Gulf region is structurally limited, banks in the region is looking for Egypt, Turkey and Asian...

Saudi labour reforms add 600,000 pvt sector jobs 20 Mar 2013 - 03:49 am

RIYADH: Saudi Arabia’s attempts to reform its expatriate-heavy labour market have put more than 600,000 locals into jobs at private companies, a senior...

BMW ‘cautiously optimistic’ after record year 20 Mar 2013 - 03:47 am

Visitors at a showroom of German carmaker BMW next to the company's main factory during the annual results press conference in Munich, yesterday....

Most GCC bourses recover lost ground 20 Mar 2013 - 03:47 am

DUBAI: Most Gulf markets rose yesterday as bargain hunters returned following a sell-off a day earlier, while Orascom Construction Industries (OCI) helped lift...

Oil prices trade mixed over Cyprus uncertainty 20 Mar 2013 - 03:47 am

LONDON: Global crude oil prices traded mixed yesterday, with investors closely following developments in the eurozone as Cyprus rethinks a controversial bailout deal,...

India cuts key interest rate 20 Mar 2013 - 03:46 am

MUMBAI: India’s central bank cut its main interest rate for the second time this year yesterday, lowering it by 25 basis points in...

Saudi to launch Fannie Mae-style firm 20 Mar 2013 - 03:45 am

RIYADH: Saudi Arabia’s central bank plans to launch a real estate refinancing company with SR5bn ($1.3bn) of capital to help develop the kingdom’s...

Citigroup to pay $730m to settle suit 20 Mar 2013 - 03:45 am

NEW YORK: US banking giant Citigroup said it will pay $730m to settle a class-action suit by bondholders related to the 2008 financial...

Cyprus seeks Russia help 20 Mar 2013 - 03:44 am

NICOSIA: Cyprus turned to Russia yesterday as President Nicos Anastasiades battled to garner support from lawmakers for a controversial eurozone bailout deal that...

Boost for Boeing 20 Mar 2013 - 03:43 am

Five Ryanair 737-800 passenger jets at Boeing Field in Seattle, Washington, yesterday. Ryanair handed Boeing its largest European order yesterday with a deal...

Mobile roll-out cuts profits of Iliad 20 Mar 2013 - 03:42 am

PARIS: French media and telecommunications group Iliad, which shook up the mobile market with a cut-rate offer that attracted 5.2 million clients last...

UK to overhaul pensions 20 Mar 2013 - 03:42 am

LONDON: Up to 400,000 more Britons will qualify for a new higher flat-rate state pension, the government said yesterday after it announced it...

Moderate pay hikes for German CEOs last year 20 Mar 2013 - 03:42 am

BERLIN: The chief executives of Germany’s 30 biggest companies took home ¤5.3m ($6.9m) on average last year, a 3 percent rise from 2011,...

QFIB re-brands as Qatar First Bank 19 Mar 2013 - 12:59 am

The Chairman of Qatar First Bank Abdulla bin Fahad bin Ghorab Al Marri hands over a memento to Mohammed Alabbar, Chairman of Emaar...

Oil prices slip on Cyprus worries 19 Mar 2013 - 12:59 am

LONDON: Crude oil fell towards $109 a barrel yesterday as stock markets tumbled and the dollar strengthened after an unusual bank bailout proposal...

Turbomachinery symposium opens 19 Mar 2013 - 12:57 am

Qatar Petroleum Director of Operations Said Mubarak Al Mohannadi cutting a ribbon to mark the opening of an exhibition held as part of...

Mideast CFOs most optimistic globally: Survey 19 Mar 2013 - 12:57 am

DOHA: The optimism among Middle Eastern CFOs (Chief Financial Officers) improved in H2 2012 despite political uncertainty in the region, Audit and Financial...

Clifford Chance appointed adviser for 2022 projects 19 Mar 2013 - 12:57 am

Doha: International law firm Clifford Chance has been appointed by the Supreme Committee for Qatar 2022 to advise on its Technical Programme, which...