Business

Super-rich in Asia to reach 2.67 million by 2015, says survey 26 Sep 2012 - 09:42 am

GENEVA: The number of super-rich in Asia is set to reach 2.67 million people by 2015, with a total net worth of an...

$250bn worth rail projects in Mena region: Report 26 Sep 2012 - 09:42 am

Jeddah: The Middle East and North Africa (Mena) region has allocated more than $250bn worth of investments in various rail projects in the...

Qatar Exchange down 0.28pc 26 Sep 2012 - 09:41 am

Doha: Qatar Exchange was down 24.31 points or 0.28 percent to 8,549.30 points yesterday from the previous closing of 8,573.61. Among the top...

European stocks rise on upbeat US data 26 Sep 2012 - 09:41 am

LONDON: European stock markets posted gains at the close yesterday as encouraging US economic indicators boosted sentiment on both sides of the Atlantic....

Fitch affirms Ahli Bank’s credit rating at ‘A-’ 26 Sep 2012 - 09:41 am

DOHA: Fitch Ratings, the international credit rating agency, has affirmed Ahli Bank’s long-term Issuer Default Rating (IDR) at ‘A-’ with ‘Stable Outlook’. Fitch...

Morgan Stanley no longer bookrunner on Iraqi Asiacell IPO, says official 26 Sep 2012 - 09:40 am

DUBAI: Morgan Stanley has ceased to be a bookrunner on Iraqi telecommunications firm Asiacell’s initial public offer of shares, a source familiar with...

Global financial reform lags: IMF 26 Sep 2012 - 09:40 am

WASHINGTON: The global financial system remains “overly complex” as reforms bog down in the post-recession economic slump, the IMF warned in a report...

Yemen LNG pipeline blown up again 26 Sep 2012 - 09:40 am

DUBAI: A gas pipeline feeding Yemen’s only liquefied natural gas (LNG) export terminal was blown up again yesterday morning, the operating company said....

Mining, energy at risk as people power swamps Chile 26 Sep 2012 - 09:39 am

By Alexandra Ulmer and Fabian Cambero Chile is failing to take a firm hand in regulating its mining and energy industries, leaving billions...

Exactly whose money did the London Whale lose? 26 Sep 2012 - 09:39 am

By William Cohan Whose $6bn did JPMorgan Chase lose during the now-infamous London Whale debacle? Was it depositors’ money or shareholders’ money? Or...

As worst euro fears fade, US fiscal cliff looms 26 Sep 2012 - 09:38 am

By Alan Wheatley The eurozone has stepped back from the brink of disaster for now, but the global economy could soon be staring...

NDSQ launches 140M LOR Barge 25 Sep 2012 - 10:05 am

Doha: Nakilat Damen Shipyards Qatar (NDSQ) has successfully launched its monumental first project, the 140m Load Out/Recovery (LOR) Barge at Erhama Bin Jaber...

Qatar in talks to buy $2bn AUX stake 25 Sep 2012 - 10:05 am

DUBAI: Qatar Holding, the investment arm of the state’s sovereign fund, is in advanced talks to buy a 49-percent stake in Brazilian billionaire...

Local contracting companies demand protection 25 Sep 2012 - 10:04 am

DOHA: Qatari businessmen and contracting companies are demanding for laws to compel their foreign counterparts, entering into the country, to source 30 percent...

Qatar Petroleum organises workshop on CDM 25 Sep 2012 - 10:03 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada with other officials during the workshop. Doha: Qatar Petroleum...

Doha summit to explore Asean, GCC investment 25 Sep 2012 - 10:03 am

DOHA: Qatar is set to host a high-level business summit to identify investment opportunities in Asean and GCC countries on October 8 and...

Abu Dhabi growth seen slowing to 3.9 percent this year 25 Sep 2012 - 10:02 am

ABU DHABI: Abu Dhabi’s economy is likely to grow 3.9 percent this year, lagging previous forecasts, but should pick up in the next...

Foxconn plant closes after 2,000 workers clash 25 Sep 2012 - 10:02 am

TAIPEI: Taiwan’s Foxconn Technology Group, which assembles Apple’s iPhones and makes components for top global electronics companies, closed a plant in China yesterday...