Business

Iberdrola warns of $225m hit from energy reforms 25 Jul 2013 - 01:30 am

MADRID: Spanish utility Iberdrola said fresh energy reforms would wipe at least ¤170m ($225m) from pre-tax earnings this year, and potentially ¤260m annually...

New Japan venture possible: Air Asia chief 25 Jul 2013 - 01:29 am

SINGAPORE: Malaysia-based budget carrier AirAsia could enter into a new venture in Japan, its chief executive Tony Fernandes said yesterday. His comments came...

Rupee gains against dollar after new measures 25 Jul 2013 - 01:29 am

MUMBAI: India’s rupee strengthened against the dollar yesterday — posting its biggest single-day gain in a month — after the central bank took...

Boeing posts strong profits, raises outlook 25 Jul 2013 - 01:28 am

NEW YORK CITY: US aerospace giant Boeing reported yesterday second-quarter profit topping expectations and raised its performance outlook for the full year. Net...

Qatar bourse rises to 52-week high 24 Jul 2013 - 05:19 am

DOHA: Qatar bourse rose near to a new 52-week high on the back of strong gains by telecoms and banking & financial services...

Barwa Bank H1 profit up 85pc 24 Jul 2013 - 05:13 am

Sheikh Mohamad bin Hamad bin Jassim Al Thani & Steve Troop, CEO, Barwa Bank Group DOHA: Barwa Bank recorded a net profit of...

Commercial Bank posts QR1.02bn profit 24 Jul 2013 - 05:13 am

DOHA: Commercial Bank of Qatar (Commercial Bank) yesterday announced its financial results and reported a net profit of about QR1.02bn for the half-year...

Masraf Al Rayan’s H1 profit soars to QR821m 24 Jul 2013 - 05:12 am

DOHA: Masraf Al Rayan posted a net profit of QR821m in the first half of 2013 (2013 H1), an increase of 13.2 percent...

IBQ launches loyalty programme 24 Jul 2013 - 04:49 am

Andrew Ball, Head of Retail Banking & Jabra Ghandour, Managing Director Doha: International Bank of Qatar (ibq) yesterday launched the country’s most comprehensive...

Barwa Real Estate names new Chairman 24 Jul 2013 - 03:41 am

Doha: The Minister of Youth and Sports H E Salah bin Ghanem bin Nasser Al Ali (pictured), is the new chairman of the...

Stocks rise on China economic signal 24 Jul 2013 - 03:41 am

NEW YORK: World stock markets rose to near five-year highs on Tuesday, boosted by views that China was moving to support its cooling...

Kuwait’s NBK Q2 profit up 18.6 pc 24 Jul 2013 - 03:40 am

KUWAIT CITY: National Bank of Kuwait, the emirate’s largest lender, said Tuesday its second quarter to June net profit rose by 18.6 percent...

Oman to invite bids for $3.5bn steam cracker 24 Jul 2013 - 03:40 am

MUSCAT: Oman plans to invite bids to build a steam cracker plant worth $3.5 billion with a production capacity of 1 million tonnes...

Spain seeks buyers for high-speed rail 24 Jul 2013 - 03:39 am

A Talgo 350 high-speed train at the station of Atocha in Madrid. MADRID: Encouraged by a multi-billion euro contract to build a high-speed...

KPN sells German subsidiary E-Plus to Telefonica 24 Jul 2013 - 03:39 am

THE HAGUE: Dutch telecom operator KPN announced yesterday that it had sold its German subsidiary E-Plus to Spain’s Telefonica for ¤5bn in cash...

Ryanair offers to sell stakes in Aer Lingus 24 Jul 2013 - 03:38 am

LONDON: Irish no-frills airline Ryanair yesterday said it was prepared to sell its minority holding in rival Aer Lingus to address “unfounded” British...

Vivendi kicks off wider revamp with Maroc sale deal 24 Jul 2013 - 03:38 am

PARIS/DUBAI: Vivendi SA’s long-flagged deal to sell its controlling stake in Maroc Telecom to Abu Dhabi-based Etisalat is just the first step in...

Bentley to make SUV; create 1,000 jobs 24 Jul 2013 - 03:37 am

FRANKFURT: Luxury car maker Bentley, a unit of German auto giant Volkswagen, said yesterday it will go ahead with plans to launch a...