Business

Barclays to fight $453m power fine in US court 18 Jul 2013 - 04:27 am

NEW YORK: Barclays will contest a record $453m fine imposed by a US energy regulator against the British bank and four of its...

Bank of America profits jump 70pc 18 Jul 2013 - 04:25 am

A woman walks past a Bank of America banking center in New York’s financial district. NEW YORK CITY: Bank of America reported a...

US, European stocks score modest gains 18 Jul 2013 - 04:23 am

US Federal Reserve Chairman Ben Bernanke delivers his semi-annual monetary policy report to Congress before the House Financial Services Committee in Washington, yesterday....

Dubai up as Air Arabia jumps to near 5-year high 18 Jul 2013 - 04:22 am

Dubai: Dubai-listed budget carrier Air Arabia surged to a near five-year high yesterday, leading a rally on the emirate’s bourse ahead of UAE...

Mackeen to launch specialised ATM solutions 18 Jul 2013 - 04:22 am

DOHA: Mackeen Technology, one of the fastest growing technology companies in Qatar, will be launching specialized solutions for Automated Teller Machines (ATMs) to...

Bahrain sovereign fund loss narrows 18 Jul 2013 - 04:22 am

DUBAI: Bahrain sovereign fund Mumtalakat said yesterday its net loss for 2012 narrowed by 32.9 percent as improved performance by its financial services...

Protests mount ahead of Greek vote on layoffs 18 Jul 2013 - 04:20 am

ATHENS: Thousands of Greek workers chanting anti-austerity slogans flocked outside parliament yesterday, hours before lawmakers inside vote on a divisive reform bill that...

EU moves to cap credit card fees 18 Jul 2013 - 04:20 am

BRUSSELS: The European Commission wants to cap fees on credit and debit-cards across the European Union, draft legislative proposals showed yesterday. According to...

Bahrain Petroleum shuts unit after leak: Report 18 Jul 2013 - 04:19 am

Manama: State-run Bahrain Petroleum Co (Bapco) has unexpectedly shut a secondary unit at its 267,000 barrels per day (bpd) Sitra refinery after a...

iPhone sales stalling as rivals gain: Survey 18 Jul 2013 - 04:18 am

WASHINGTON: Apple’s iPhone sales are sputtering as rival smartphone makers ramp up their offerings, a market research firm said yesterday. The survey by...

Residential sales at three-year high 18 Jul 2013 - 02:52 am

Jed Wolfe, Managing Director, Asteco Qatar. DOHA: Residential sales in Q2 2013 reached a three-year high, led by increased freehold purchase demand in...

China creates 7.25m jobs 17 Jul 2013 - 07:56 am

A cleaner works at a new business building in Beijing, yesterday. China added 7.25 million jobs in the first half of this year,...

QIB H1 profit reaches QR630m 17 Jul 2013 - 07:55 am

DOHA: Qatar Islamic Bank’s (QIB) profit reached QR630m for the first half 2013 (H1 2013). The Bank’s financing activities have strongly rebounded in...

Posco drops $5.3bn steel project in India 17 Jul 2013 - 07:55 am

MUMBAI: South Korean steel giant Posco scrapped yesterday a $5.3bn deal to build a steel plant in India due to delays, in a...

Sun Media shutters 11 newspapers in Canada; 360 jobs lost 17 Jul 2013 - 07:54 am

MONTREAL: Sun Media announced yesterday it is closing eight small-town newspapers across Canada and three of its free urban dailies, as it shifts...

QNB, PayPal tie-up offers better online shopping 17 Jul 2013 - 07:51 am

Ali Rashid Al Mohannadi (left), Executive General Manager and Chief Operations Manager at QNB, and Elias Ghanem, General Manager, PayPal Mena, during the...

EU backs France in Mercedes row 17 Jul 2013 - 07:50 am

BRUSSELS: EU Industry Commissioner Antonio Tajani gave France some succour and Germany’s Daimler cause for concern yesterday in a row over new cars...

Workers’ strike 17 Jul 2013 - 07:49 am

Anti-austerity protesters and parliamentarians of the anti-bailout radical leftist SYRIZA party participate in a rally in Athens, during a 24-hour general strike, yesterday....