Business

MPHC shares surge 450pc on first day 27 Feb 2014 - 03:33 am

H E Dr Mohamed bin Saleh Al Sada (third from right) with other dignitaries at the listing ceremony yesterday. By Satish Kanady DOHA:...

Etihad ‘needs a month’ to study Alitalia’s books 27 Feb 2014 - 12:29 am

MILAN: Etihad Airways is expected to finish examining Alitalia’s books within a month as it ponders whether to invest in the loss-making Italian...

Ooredoo’s sukuk wins ‘Qatar - Deal of the Year’ 27 Feb 2014 - 12:27 am

DOHA/DUBAI: Ooredoo yesterday announced that it has won “Qatar - Deal of the Year” at the Islamic Finance Awards 2013 held on February...

Mannai Auto fleet unit posts best-ever sales 27 Feb 2014 - 12:27 am

Mannai Auto Group’s team. Doha: Mannai Auto Group’s Fleet division registered its best-performing year in 2013, with the most total fleet unit sales...

MPHC listing ‘a step towards’ national vision 27 Feb 2014 - 12:21 am

H E Dr Mohamed bin Saleh Al Sada (third from right) with other dignitaries at the listing ceremony yesterday. DOHA: The Mesaieed Petrochemical...

Target’s profit dips 27 Feb 2014 - 12:19 am

Holiday shoppers line up with discounted television sets at the Target retail store in Chicago. Target Corp’s net profit almost halved in the...

GM recalls Cobalt, Pontiac G5 27 Feb 2014 - 12:19 am

The 2005 Chevrolet Cobalt SS on display in Detroit. General Motors is recalling 778,562 Chevrolet Cobalt and Pontiac G5 compact cars from model...

Credit Suisse admits tax ‘misconduct’ 27 Feb 2014 - 12:18 am

GENEVA: Switzerland’s second-largest bank, Credit Suisse, accused by Washington of helping US clients hide billions from the taxman, acknowledged yesterday there had been...

US home sales hit 5-1/2 year high 27 Feb 2014 - 12:18 am

WASHINGTON: Sales of new US single-family homes surged to a 5-1/2-year high in January, possibly easing concerns of a sharp slowdown in the...

Morgan Stanley to pay $275m to settle US probe 27 Feb 2014 - 12:17 am

WASHINGTON: US banking giant Morgan Stanley said it would pay $275m to settle a US Securities and Exchange Commission probe of mortgage-backed securities...

Rolls-Royce unveils plane engine designs 27 Feb 2014 - 12:17 am

DERBY: Rolls-Royce unveiled yesterday its next generation of fuel-efficient plane engines. Two weeks after announcing a shock profit warning with government cutbacks on...

Spain’s Repsol accepts $5bn payoff from Argentina 27 Feb 2014 - 12:17 am

MADRID: Spanish oil giant Repsol said it had agreed to accept $5bn in compensation from Argentina for the country’s seizure of its subsidiary...

MPHC to debut on QE today 26 Feb 2014 - 12:32 am

DOHA: Qatar Exchange (QE) will list Mesaieed Petrochemical Holding Company (MPHC), a unit of state-owned Qatar Petroleum (QP), today. With the listing of...

QInvest posts 40pc revenue increase 26 Feb 2014 - 12:30 am

From left: Bassel Jamal, Tamim Hamad Al Kawari, Jassim bin Hamad Al Thani, Mohamed Al Manaa and Khamis Mubarak Al Kuwari at a...

MasterCard plans big role in Qatar, to bring in digital wallet 26 Feb 2014 - 12:30 am

BY MOHAMMAD SHOEB DOHA: With the recent acquisition of C-SAM Inc, a leading provider of mobile wallet and on-device software and services, MasterCard...

Bitcoin site vanishes 26 Feb 2014 - 12:28 am

Dave Mitchell purchases bitcoin in Boston. The website of bitcoin exchange MtGox went down yesterday amid reports of millions of dollar theft of...

Tesla Model S on top 26 Feb 2014 - 12:27 am

A Tesla Model S electric car on display. The Tesla Model S was named by Consumer Reports magazine yesterday as its overall top...

Protests against job cuts 26 Feb 2014 - 12:27 am

Employees of Germany’s top steelmaker ThyssenKrupp arrive for a protest rally at their headquarters in Essen yesterday. Hundreds of protesters demonstrated against job...