Business

Work on Holiday Inn Doha-The Business Park under way 27 Nov 2014 - 01:14 am

Doha: The construction of Holiday Inn Doha – The Business Park is well under way in The Business Park compound situated along the...

QBWA, Turkish Airlines sign MoU 27 Nov 2014 - 01:11 am

Officials pose for a group picture. DOHA: The Qatari Business-women’s Association (QBWA) yesterday announced to have signed a Memorandum of Understanding (MoU) with...

IBQ names Nov winner of thanq 27 Nov 2014 - 01:10 am

DOHA: International Bank of Qatar (IBQ) has announced the November winner of the bank’s monthly prize draw for the ibq loyalty programme, thanq....

Juncker unveils €315bn investment plan 27 Nov 2014 - 01:08 am

STRASBOURG, France: European Commission chief Jean-Claude Juncker revealed a huge ¤315bn investment plan Wednesday to “kickstart” the stalling economy, saying it would show...

Alibaba founder promises to invest more in India 27 Nov 2014 - 12:59 am

NEW DELHI: E-commerce giant Alibaba’s founder Jack Ma promised yesterday more investment in India where online sales are soaring, predicting that the Internet...

Thomas Cook hit by shock CEO departure 27 Nov 2014 - 12:59 am

LONDON: British holiday company Thomas Cook defended its decision to replace Chief Executive Harriet Green yesterday after the abrupt departure of the woman...

Govt plans to set up arbitration centres 27 Nov 2014 - 12:55 am

DOHA: The government plans to set up a number of arbitration centres to resolve civil and commercial disputes. The idea is to help...

Stevens resigns as Group CEO of Commercial Bank 27 Nov 2014 - 12:52 am

DOHA: The Chairman and Board of Directors of the Commercial Bank of Qatar yesterday announced the appointment of Andrew C Stevens as Advisor...

Moody’s cites four risks that may curb growth 27 Nov 2014 - 12:51 am

DOHA: A gradually recovering global economy will support continued stable credit quality of the world’s sovereigns in 2015, says Moody’s Investors Service in...

ECB hints at sovereign bond purchases 27 Nov 2014 - 12:50 am

FRANKFURT: The European Central Bank will be able to gauge next year whether it needs to start buying sovereign bonds to help stimulate...

Qatar, UAE share first place in terms of ease in paying taxes 27 Nov 2014 - 12:50 am

DOHA: Paying taxes has become easier over the past year for medium-sized companies around the world. Qatar and UAE share an equal first...

Qatar bourse index gains 94.52 points 27 Nov 2014 - 12:49 am

Doha: Qatar Exchange index gained 94.52 points or 0.70 percent when the bourse closed trading yesterday at 13,518.35 points. The market capitalisation increased...

Nigeria’s naira hits new low 27 Nov 2014 - 12:44 am

LAGOS: Nigeria’s currency touched a record low against the dollar yesterday, a day after the central bank devalued it by 8 percent, complicating...

Qatar’s trade balance declines 27 Nov 2014 - 12:43 am

DOHA: Qatar’s year-on-year trade balance in October 2014 declined to QR26bn, down by 13.7 percent compared to QR30.1bn in October 2013, according to...

HSBC to refund Mideast, Africa customers 27 Nov 2014 - 12:42 am

DUBAI: HSBC will refund customers across five countries in the Middle East and North Africa for charging them excessive foreign currency fees on...

New delays hit Saudi Aramco’s Jizan refinery 27 Nov 2014 - 12:38 am

KHOBAR/SEOUL: A contract disagreement between Saudi Aramco and South Korea’s SK Engineering & Construction is delaying construction of a 400,000-barrel-per-day oil refinery in...

Qatari bourse tumbles 1.94pc 26 Nov 2014 - 01:10 am

By Satish Kanady DOHA: Qatari bourse’s benchmark index plunged 1.94 percent, the most since November 4, 2014, on fresh oil price concerns. Oil...

Woqod purchases $6m bitumen tanker 26 Nov 2014 - 01:09 am

A view of the bitumen tanker Sidra Al Wakra. DOHA: Qatar Fuel (Woqod) yesterday announced the purchase of a bitumen tanker (vessel) with...