Business

Muntajat opens five international marketing units 04 Mar 2014 - 12:53 am

DOHA: Muntajat BV, the international marketing arm of Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) has recently announced the opening of...

Ivory Coast raises $315m 04 Mar 2014 - 12:53 am

RABAT: Ivory Coast raised 150bn CFA francs ($315m) in the regional market and hired banks for a $500m Eurobond issue, Morocco’s BMCE Bank...

Qatar, UAE markets gain strength 04 Mar 2014 - 12:52 am

DOHA: GCC equities got off to a flying start in the first two months of 2014, with Qatar and the UAE markets showing...

Japan LCD giant plans share sale 04 Mar 2014 - 12:52 am

TOKYO: Japan Display, the world’s biggest maker of screens for smartphones and tablet computers, yesterday announced details of a share offering that could...

Gates reclaims top of Forbes billionaire list 04 Mar 2014 - 12:52 am

New York: Bill Gates has returned to the top of Forbes magazine’s annual list of the world’s richest people, as rising stock markets...

Oman targets big rise in gas output 04 Mar 2014 - 12:51 am

MUSCAT: Oman expects a significant increase in its natural gas output over the next five years but little improvement in oil production, its...

Kuwait fines Ahli Bank chief over insider trade 04 Mar 2014 - 12:51 am

DUBAI/KUWAIT: A Kuwaiti court has fined the chairman of Al Ahli Bank, the country’s eighth largest bank by market capitalisation, KD1.5m ($5.3m) over...

UK on recovery path; more jobs created 04 Mar 2014 - 12:51 am

LONDON: British manufacturing grew more quickly than expected in February, adding to signs that the country’s economic recovery is broadening out, and job...

Manufacturing index in China at 7-month low 04 Mar 2014 - 12:51 am

BEIJING: Chinese manufacturing activity contracted in February at its worst rate in seven months, British banking giant HSBC said yesterday, the latest data...

Ferrari returns to turbo with more efficiency 04 Mar 2014 - 12:50 am

GENEVA: Italy’s Ferrari has mounted a turbocharged engine on its latest supercar for the first time in more than two decades, as even...

Spain ‘turns corner’ but jobs key: IMF 04 Mar 2014 - 12:50 am

MADRID: IMF chief Christine Lagarde declared yesterday that Spain’s economy has “turned the corner” but warned it must now focus on creating jobs...

Weekly Commodity Update: March unlikely to repeat February’s surge in commodities 04 Mar 2014 - 12:48 am

February was a strong month for commodities, with the broad-based DJ-UBS Commodity index returning more than 5 percent. This was more than the...

Fixed deposits up 30pc, savings grow by 19pc 03 Mar 2014 - 01:18 am

BY SACHIN KUMAR Doha: Individuals in Qatar preferred to keep their money in fixed deposits (FDs) than saving deposits in 2013. Fixed deposits...

Against oil exploration 03 Mar 2014 - 01:17 am

People protesting against the oil drilling in waters around the Canary Islands in Arrecife, Spain. Banner reads “No oil exploration in Canary Islands,...

Detroit job seekers 03 Mar 2014 - 01:13 am

People at a job fair in Detroit, Michigan. The city is looking to fill vacant positions, including bus drivers, police officers, and emergency...

Mazda in Mexico 03 Mar 2014 - 01:12 am

President and CEO of Mazda Motor Corporation Takashi Yamanouchi greets the crowd as Mexican President Enrique Pena Nieto applauds during the opening of...

Novartis rules out Roche merger 03 Mar 2014 - 01:12 am

Joerg Reinhardt on TV screen as outgoing chairman of Novartis Daniel Vasella addresses the annual shareholders general meeting in Basel. ZURICH: Swiss pharma...

RBS draws up rescue plan for Ulster Bank 03 Mar 2014 - 01:11 am

A customer uses a cash machine at a branch of the Ulster Bank in Coleraine, Northern Ireland. LONDON: Royal Bank of Scotland is...