Business

Russia faces economic trap: EBRD 17 Dec 2012 - 04:20 am

MOSCOW: Russia, the world’s largest energy exporter, is becoming increasingly dependent on commodities and failing to prepare for falling oil output in 20...

Weekly Money Market Review with IBQ: Weakening dollar, with fiscal cliff frustration 17 Dec 2012 - 04:20 am

Markets started the week with a relatively stronger US Dollar, ahead of the Federal Open Market Committee. Uncertainty overwhelmed the greenback in the...

Weekly Commodity Update: Crude in 2013: Brent boxed into price range of $90 to $125 17 Dec 2012 - 04:12 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) Brent Crude oil has, despite times of elevated uncertainty, been trading within a relative...

Qatari Diar opens Visitor Centre in Dushanbe 16 Dec 2012 - 01:18 am

Dignitaries during the opening of the Qatari Diar’s Visitor Centre in Dushanbe. Doha/Dushanbe: Qatari Diar Real Estate Investment Company, an international leader in...

Qatar produced 740,000b/d crude last year: QP 16 Dec 2012 - 01:18 am

DOHA: Qatar produced 740,000 barrels of crude a day (b/d) on average in 2011 with the average price per barrel of onshore oil...

SEC examined BoA’s mortgage purchases 16 Dec 2012 - 01:17 am

WASHINGTON/CHARLOTTE: Securities regulators have made inquiries into the mortgage repurchase practices at Bank of America Corp’s Countrywide unit, according to a transcript filed...

Boeing delivers first new jet to Iraq in decades 16 Dec 2012 - 01:14 am

BAGHDAD: The first new Boeing Co jetliner sold to Iraq in 30 years touched down in Baghdad yesterday, signalling the country’s determination to...

Qatar hospitality sector must look for mid-scale properties: Expert 16 Dec 2012 - 01:13 am

DOHA: With the luxury segment in Qatar’s hospitality sector reaching to a saturation point, what the country needed is more mid-scale properties. The...

Small investors shun India’s Bharti Infratel IPO 16 Dec 2012 - 01:12 am

NEW DELHI: Small investors largely shunned an IPO by the tower arm of Indian telecom firm Bharti, aimed at raising $845m, but the...

Oryx Engineering chief bags business leader of the year award 16 Dec 2012 - 01:10 am

Abdulla Mannai receiving the award. Doha: Oryx Engineering Solutions Group’s Founder and Managing Director, Abdulla Mannai, has been selected as 2012’s Outstanding Business...

Crop insurance juicy target in fiscal cliff deal 16 Dec 2012 - 01:10 am

WASHINGTON: Rural lawmakers worry that $9bn in annual federal crop insurance subsidies are an easy target for spending cuts in a “fiscal cliff”...

Germany rebuffs EU call for more risk-sharing 15 Dec 2012 - 12:50 am

German Chancellor Angela Merkel speaks during a press conference at the EU headquarters in Brussels yesterday. BRUSSELS: Germany rebuffed calls for more financial...

Qapco is principal sponsor of Arabplast 2013 15 Dec 2012 - 12:46 am

Satish Khanna, General Manager of Al Fajer Information and Services, addressing the press conference at Doha Marriott Hotel. Qassim Rahmatullah DOHA: Qatar Petrochemical...

UBS faces $1bn fine for Libor rigging 15 Dec 2012 - 12:45 am

LONDON: Swiss bank UBS is expected to pay about $1 billion to settle charges of rigging the Libor interest rate benchmark, according to...

Saxo Bank’s direct API solution records strong growth 15 Dec 2012 - 12:43 am

London: Saxo Bank, the online multi-asset trading and investment specialist, announced an increase in monthly average FX volumes of nearly 600 percent compared...

Wall St drops as Apple falls; European stocks mixed 15 Dec 2012 - 12:37 am

NEW YORK: US stocks fell yesterday, with the Nasdaq weighed down by another drop in shares of Apple, and as the overhang of...

IATA raises profit forecasts 14 Dec 2012 - 07:08 am

GENEVA: Global airlines raised industry profit forecasts yesterday on the back of cost cuts and consolidation, but warned of a cocktail of risks...

Spain takes over eighth bank in clean-up drive 14 Dec 2012 - 07:07 am

MADRID: The Spanish government is taking over another lender as its clean-up of the troubled financial sector gathers pace and healthier banks cough...