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| Global Gloom |
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In a crisis-hit world, India's projected 7% growth is commendable ECONOMIST Joseph Stiglitz has dismissed "excessive pessimism" about the Indian economy. In a crisis-hit world, he thinks India's projected 7 percent GDP growth should be applauded... |
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| Net Addiction Disrupt Brain's Functioning |
| Chinese study suggests that the brains of teenagers who are seemingly addicted to the Internet have abnormal "white matter," the biological insulation that surrounds the wiring between neurons.
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 | Barwa launches second phase of workers' city BARWA Real Estate Company on Tuesday launched the second phase of workers' city Barwa Al Baraha. Located in the industrial area, the new city is estimated to accommodate 53,000 workers and employees.
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| | QNB to take majority stake in Morocco bank | | QATAR National Bank, Qatar's largest lender by market value, said on Tuesday it has signed an agreement to take a majority stake in Morocco-based Union Marocaine des Banques (UMB).
"The acquisition is subject to the approval of regulatory authorities in both countries, which will enable QNB to become a strategic partner of UMB," the bank said in a statement.
With this agreement, the ordinary and extraordinary general assembly of the UMB will be invited to approve the move to make QNB a strategic partner, the statement further said QNB Group aims to expand its presence in Africa, through its current operation in Sudan, South Sudan, Libya, Tunisia, Algeria and Mauritania. The potential addition of UMB in Morocco will further strengthen QNB Group's presence across Africa.
QNB, which is 50 percent government owned, is currently bidding for Denizbank, the Turkish arm of the Franco-Belgian bank Dexia.
In 2011, QNB's net profit rose 32 percent to QR7.5 billion.
The bank's high quality assets along with its capabilities to achieve sustained growth in all activities are demonstrated in its credit rating by Standard & Poor's, Fitch and Moody's.
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| | QE workshop on SMEs on Jan 25 | | QATAR Exchange (QE) on Tuesday announced the readiness of its technical and regulatory infrastructure dedicated to the small and medium enterprises (SMEs) Market.
To inform the public about the target and advantages of establishing this market, the Qatar Exchange will be holding a workshop on January 25.
During the workshop, details regarding the SME market will be provided to the market professionals such as banks, brokers, law firms, consultants, private equity firms and other advisors, who will play a key role in the listing process.
The market is now ready in respect of technical and regulatory matters and also to receive listing applications to be submitted by business owners from Qatar and the GCC countries, the Qatar Exchange said in a press release on Tuesday.
SMEs are playing a pivotal role in the performance of developing and developed economies alike as many countries attempt to establish niche markets for listing SMEs and trading their equity shares in order to attract domestic and foreign investments and create a momentum in this vital sector.
This initiative will be executed in cooperation with various Qatari parties such as the Qatar Development Bank, Silatech and
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| | Chinese growth hits 2-year low, policy easing on card | | BEIJING CHINA'S economy expanded at its weakest pace in 2- 1/2 years in the latest quarter, with the sagging real estate and export sectors heralding a sharper slowdown in coming months and fresh pro-growth measures from the government.
Growth of 8.9 percent over a year earlier was slightly stronger than the 8.7 percent forecast by economists in a Reuters poll, but the data on Tuesday raised concerns about the immediate outlook and how much support China can offer a struggling global economy.
Gross domestic output rose just 2 percent from the previous quarter, suggesting to some economists that underlying momentum is slowing more rapidly than headline data implies.
Anear 40 percent plunge in the annual pace of property investment in December versus November's rate underscored risks to China's domestic demand even as it is trying to cope with those emanating from debt-ridden Europe — China's biggest export market.
"It indicates that in Q1 2012 the numbers will be very unpleasant. Policy easing will continue," said Yao Wei, an economist at Societe Generale in Hong Kong, who
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