Business

Alternative energy key topic at Arab power meet 08 Jan 2013 - 01:22 am

The Minister of Energy and Industry and Chairman and Managing Director of Qatar Petroleum H E Dr Mohammed bin Saleh Al Sada cutting...

Banks still cautious on personal loans 08 Jan 2013 - 01:21 am

DOHA: Although flush with funds, banks here seem to be treading with caution in giving away personal loans as figures suggest a considerable...

QFBA in deal for IFRS training in Qatar 08 Jan 2013 - 01:20 am

Officials of Qatar Finance and Business Academy and KPMG after signing the agreement yesterday. DOHA: Qatar Finance and Business Academy (QFBA) has signed...

Turkey only refiner to extend Iran oil purchase contract 08 Jan 2013 - 01:19 am

TRIPOLI: Tupras, Turkey’s sole oil refiner, will extend purchases of crude oil from Iran when the company’s contract expires in August but won’t...

Oman to double gas prices for some industrial users 08 Jan 2013 - 01:19 am

MUSCAT: Oman will double natural gas prices for some industrial consumers by 2015, with a rise of 33 percent for 2013 alone, Oman’s...

Qatar Exchange continues rally 08 Jan 2013 - 12:41 am

An investor monitors share prices on an electronic board at the Iraq Stock Exchange in Baghdad, yesterday. Doha/DUBAI: Qatar Exchange (QE) pursued its...

Nakheel issues $33m sukuk as part of debt deal 08 Jan 2013 - 12:40 am

DUBAI: Dubai’s Nakheel issued an Islamic bond worth Dh121m ($32.94m) yesterday, the third tranche of a sukuk that forms part of the developer’s...

Iran oil minister admits to 40pc fall in exports 08 Jan 2013 - 12:40 am

TEHRAN: Iran’s oil exports have been slashed by 40 percent in the past nine months because of tough Western sanctions, Oil Minister Rostam...

Bahraini Islamic banks in rare merger 08 Jan 2013 - 12:40 am

DUBAI: Three Bahraini Islamic banks have completed their merging into a single entity, a statement from the transaction adviser said yesterday, marking a...

Egypt steeped in economic woes as IMF talks begin 08 Jan 2013 - 12:39 am

CAIRO: A rising budget deficit, falling foreign exchange reserves and a sliding currency are adding to the woes of Egypt’s fragile government even...

Embarrassing delay 08 Jan 2013 - 12:09 am

Empty railway tracks are pictured in front of the construction site of the Berlin Brandenburg International Airport in Schoenefeld, Germany, yesterday. The opening...

Growth prospects limit fall in shares, oil prices 08 Jan 2013 - 12:08 am

LONDON: World stocks and oil prices eased yesterday as some investors booked profits after last week’s strong rally, but signs of a brightening...

IMF chief says conflict ‘enemy number one’ of Africa’s growth 08 Jan 2013 - 12:08 am

ABIDJAN: Africa’s emerging nations have become a driving force for world economic growth, International Monetary Fund chief Christine Lagarde said yesterday, but armed...

Air France on the offensive against low-cost rivals 08 Jan 2013 - 12:07 am

PARIS: French airline Air France yesterday launched an offensive to compete with low-cost carriers, offering flights from four French hubs to 58 destinations...

Islamic Insurance holds extra-ordinary meeting 07 Jan 2013 - 01:07 am

Sheikh Abdulla bin Thani Al Thani, Chairman of Islamic Insurance (sixth left), Abdul Rahman Al Abdulghani (fifth left), Deputy Chairman of Islamic Insurance,...

Qatari employees can expect 5.2pc pay rise in ’13: Survey 07 Jan 2013 - 01:06 am

DOHA: Qatari employees can look forward to an average 5.2 percent increase in pay for 2013, the latest Total Remuneration survey that tracked...

Meeza signs pact with Symantec 07 Jan 2013 - 01:04 am

DOHA: Meeza, Qatar’s IT service providing company, signed a cloud service agreement with Symantec to offer market-leading hosted cloud solutions with an aim...

ECB likely to keep interest rates on hold 07 Jan 2013 - 01:03 am

FRANKFURT: The European Central Bank will usher in 2013 with steady interest rates at its first policy meeting this year to keep up...