Business/Business News

  Visiting Thailand Prime Minister Yingluck Shinawatra with Mohammed bin Ahmed bin Towar Al Kuwari, (left) Vice Chairman of Qatar Chamber, and Hassan Al Thawadi (right), CEO of Qatar 2022 Bid Committee, during a meeting with Qatari business commu...

  From left: Gaurav Bhatnagar, Senior Vice President, Middle East Construction Practice Leader;  Patrick Eyer, Senior Underwriter, Swiss Re;  Prasad Aniyil, CEO, Marsh Qatar; and Andy Foad, Senior Vice President, Middle East Director, Construct...

  A shopkeeper counts rupee notes in his shop in Jammu. Mumbai: The Indian rupee slumped to a record low of 54.52 against the US dollar yesterday with risk aversion in global markets adding to the pressure, even as Finance Minister Pranab Mukher...

Doha: Qatar Chamber yesterday launched the second edition of the Qatari Businessmen Encyclopedia (QBE) for 2012, in the presence of members of the Board of Directors, Qatari businessmen, and former associates. The edition underlines the Chamber’s ...

  Doha: Qatar Exchange was down 25.61 points or 0.3 percent to 8,465.71 points yesterday from the previous closing of  8,491.32. Nakilat was down 0.49 percent to QR16.12, Barwa gained 0.76 percent to QR26.45, Masraf Al Rayan increased 0.19 perce...

LONDON: World stocks laid low by a call for new elections in Greece and prolonged agony in the eurozone wavered in nervous trade yesterday as fears of a Greek exit from the euro lingered. Investors were encouraged by a 1.1 percent jump in US industr...

  Officials with the award. DOHA: Qatar National Bank (QNB) Group is the recipient of the ‘Best Trade Finance Bank in Qatar and MLA (Mandated Lead Arranger)’ Award from the Global Trade Review (GTR) for its participation in the Barzan Gas Pr...

Doha: Citi launched its International Personal Bank Europe, Middle East and Africa (Citi IPB EMEA) service centre in Qatar with an event held at the Four Seasons, on Monday. The move addresses the growing needs of affluent clients in the Middle East ...

  DOHA: Seraj Al Baker (pictured), CEO of Mazaya Qatar,  participated Sunday  at the 5th annual CFO Strategies MidEast Forum in Dubai as a keynote speaker. Giving a presentation on “Making the leap from CFO to CEO”,  Al Baker spoke to the...

  DOHA: Seraj Al Baker (pictured), CEO of Mazaya Qatar,  participated Sunday  at the 5th annual CFO Strategies MidEast Forum in Dubai as a keynote speaker. Giving a presentation on “Making the leap from CFO to CEO”,  Al Baker spoke to the...

DOHA: Al Khalij Commercial Bank (al khaliji) QSC will provide support to the ‘2nd Middle Eastern SME Forum 2012’ to be held in Doha on May 28-29 at the Grand Hyatt. “SMEs are the economic backbones of most countries. As regional countries move...

LONDON: Oil industry executives and bankers are assuming oil prices will stay above $100 a barrel in the year ahead, despite mounting economic worries, as any fall below that level would trigger a cut in Saudi Arabia’s output and force closures at ...

PARIS: Total has succeeded in plugging a well from its North Sea Elgin platform that has been leaking gas for more than seven weeks, the French oil group said yesterday. The news sent shares in the company more than 2 percent higher. The leak 240km ...

NEW YORK: Facebook Inc  increased the size of its initial public offering by almost 25 percent, and could raise as much as $16bn as strong investor demand for a share of the No.1 social network trumps debate about its long-term potential to make mon...

DUBAI: Inflation in the United Arab Emirates edged up to a nine-month high of 0.8 percent on an annual basis in April despite an ongoing price decline in its trade and business hub Dubai, data showed yesterday. Price pressures in the UAE, one of the...

SAN FRANCISCO: Google yesterday began making its search engine smarter in a major upgrade that looks beyond query words to figure out what people are actually seeking online. “Knowledge Graph” technology built to recognize people, places or thin...

KUWAIT CITY: The Kuwait Stock Exchange (KSE) yesterday suspended trading in the shares of 31 listed firms, a majority of them investment companies, for failing to report financial results on time. A statement posted on the KSE website said the compa...

Officials of Qatar Chamber at a conference in Doha.  INSET: The new corporate identity of Qatar Chamber.Abdul Basit Doha: Qatar’s industrial body ‘Qatar Chamber of Commerce and Industry’ has recently announced the launch of a new visual id...

  Qatar’s Minister of State for Foreign Affairs H E Dr Khalid bin Mohamed Al Attiyah (left) with Tunisian Foreign Minister Rafik Abdul Salam in Tunis yesterday. TUNIS: Qatar has revived plans to build a $2bn oil refinery in Tunisia after years...

TAMPA, Florida: The FBI has opened a probe into trading losses at JPMorgan Chase & Co, stepping up the pressure on the bank after the US Securities and Exchange Commission and the Federal Reserve said they were also looking into the wrong-way bets th...

  DOHA: H E Dr Mohamed bin Saleh Al Sada, the Minister of Energy and Industry and Chairman and Managing Director of Qatar Petroleum, paid a visit to Shell offices in the Netherlands to discuss current and future projects with top company official...

Doha: Qatar Exchange edged up 2.22 points or 0.03 percent to 8,491.32 points yesterday from the previous closing of  8,489.10. Nakilat was up 0.56 percent to QR16.20, Aamal lost 0.60 percent to QR16.45, Masraf Al Rayan increased 0.19 percent to QR26...

DOHA: Qatar’s leading property developer Ezdan Real Estate will showcase the company’s major infrastructure projects that would help boost the country’s regional and global image during the upcoming CityScape Qatar 2012 on March 23-25. During ...

DOHA:  Jaidah Furniture – a subsidiary of the long-established and influential conglomerate Jaidah Group – has announced an exclusive partnership with MPM Consultancy to bring the Yatsan brand of sleep systems to consumers in Qatar. MPM Consult...

DOHA: Booz Allen Hamilton announced yesterday it has been licensed by the Qatar Financial Centre Authority (QFCA) to pursue business opportunities in Qatar in support of domestic economic diversification. The firm will focus its expertise on providin...

LONDON: European stock markets fell and the euro slid sharply yesterday on news that Greece faces new elections after last-ditch talks failed, just as Francois Hollande became France’s new president. Socialist Hollande, 57, was sworn in nine days ...

LONDON: Gold eased below $1,560 an ounce yesterday after the failure of Greek politicians to form a government sent the single European currency to four-month lows and unnerved investors over the profitability of holding euro-denominated assets. Wit...

BRUSSELS: EU finance ministers agreed on tougher capital rules for banks yesterday, resolving years of sparring between Britain and the rest of the European Union over how best to craft measures to prevent another financial crisis. Acknowledging the...

DUBAI: Gulf Arab states are increasingly using the Chinese yuan for trading as China accounts for a growing share of the region’s exports, and given volatility in major currencies, a senior executive at Standard Chartered said yesterday. “We are...

DOHA: Al Mazaya Holding (K.S.C) announced its financial results for the first quarter ended March 31, 2012. The company reported a gross profit of $9m in addition to other revenues amounting $140,000, a release said yesterday. Naif Al Awadi, CEO of ...