Business

UK grocer Morrisons suffers payroll data theft 15 Mar 2014 - 06:19 am

LONDON: Wm Morrisons, Britain’s No. 4 grocer, suffered a major theft of data from its staff payroll system, including bank account details, on...

Global oil price pressure to ease: IEA 15 Mar 2014 - 03:15 am

LONDON: A surge in supply from Iraq and other oil producers should be more than sufficient to meet growing demand this year, reducing...

India aviation market set to be No.1: KPMG 14 Mar 2014 - 06:39 am

Head of Marketing for Airbus Asia Joost Van der Heijden (right) and Srinivasan Dwarakanath, CEO of Airbus India, pose with a model of...

QE index drops 263.65 points last week 14 Mar 2014 - 06:38 am

Doha: Qatar Exchange index dropped 263.65 points, or 2.27 percent last week, when trading closed yesterday at 11,343.38 points. The trading value during...

Barwa Real Estate profit rises 27.3pc 14 Mar 2014 - 06:37 am

DUBAI: Qatar’s Barwa Real Estate said yesterday that its 2013 net profit rose 27.3 percent, indicating that the Gulf Arab state’s largest listed...

Global patent filings jump 5.1pc 14 Mar 2014 - 06:37 am

GENEVA: The United States and China helped drive international patent filings to a record level last year, and cross-border applications surged to more...

Dubai Islamic Bank eyes GCC, Africa, Indonesia for expansion 14 Mar 2014 - 06:36 am

DUBAI: Dubai Islamic Bank plans to expand its operations into Indonesia, Kenya and other African countries as it emerges from a period of...

Bankers behaving badly face bonus clawback 14 Mar 2014 - 06:36 am

LONDON: Misbehaving bankers and their bosses will have to hand back bonuses up to six years after they pocket them under a rule...

US retail sales rebound, jobless claims down 14 Mar 2014 - 06:36 am

WASHINGTON: US retail sales rebounded in February and new applications for unemployment benefits hit a fresh three-month low last week, suggesting some strength...

Brent crude down, US oil rebounds 14 Mar 2014 - 06:35 am

NEW YORK: Brent crude oil futures fell yesterday as weaker-than-expected Chinese economic data offset worries over potential supply disruptions that could be prompted...

Shell to slash US spending by a fifth 14 Mar 2014 - 06:35 am

LONDON: Royal Dutch Shell said yesterday it was cutting spending on American upstream by a fifth this year after losses in resources plays...

China industrial output growth at 5-year low 14 Mar 2014 - 06:34 am

BEIJING: China’s industrial production rose at its slowest pace in five years and other key indicators showed surprising weakness, data showed yesterday, raising...

India’s Iranian oil imports fall 36pc 14 Mar 2014 - 06:34 am

NEW DELHI: India imported about 36 percent less oil from Iran in February than in January, because of efforts to meet US requests...

Doha Insurance looks to expand in GCC market 13 Mar 2014 - 01:00 am

BY SACHIN KUMAR Doha: Doha Insurance, one of the major players in Qatar’s insurance market, is looking to expand its footprints outside Qatar,...

Hilton to launch real estate project 13 Mar 2014 - 12:58 am

US actress and model Paris Hilton waves to her fans during her visit to Century City Mall in Manila yesterday. Hilton is in...

Qatar explores investments in Bulgaria 13 Mar 2014 - 12:56 am

Members of the Qatari Businessmen’s Association with Bulgarian President Rosen Plevneliev. DOHA: Members of the Qatari Businessmen’s Association (QBA) expressed their desire to...

Muntajat, Milaha sign transport contract 13 Mar 2014 - 12:56 am

Sheikh Ali bin Jassim Al Thani and Abdulrahman Ali Al Abdulla. DOHA: Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) QJSC signed...

Greek workers strike over job cuts 13 Mar 2014 - 12:55 am

Cleaning ladies from the public sector shout slogans during a rally outside Parliament in Athens. ATHENS: Thousands of striking public sector workers marched...