Business

eBay to spin off PayPal unit 01 Oct 2014 - 09:47 am

NEW YORK: US online auction giant eBay yesterday announced plans to spin off its PayPal unit, a move designed to help it compete...

Aggregate earnings of 18 listed firms fall 9 percent 01 Oct 2014 - 09:47 am

DOHA: The aggregate earnings of Qatar’s 18 listed companies dropped 9 percent year-on-year to QR7.53bn for the second quarter of 2014. The year-on-year...

GDP up by 6.6pc in Q2 to QR189.65bn 01 Oct 2014 - 09:46 am

DOHA: The quarterly nominal gross domestic product (GDP at current prices) in the second quarter of 2014 was estimated at QR189.65bn, up by...

Ireland swapped Apple tax deal for jobs: EU 01 Oct 2014 - 09:46 am

BRUSSELS/LONDON: The European Union has accused Ireland of swerving international tax rules by letting Apple shelter profits worth tens of billions of dollars...

Condensate & Naphtha Forum returns to Doha for third time 01 Oct 2014 - 09:45 am

Doha: Qatar, internationally recognised as the world’s biggest exporter and second largest producer of condensate, will showcase the 18th Annual Condensate & Naphtha...

Eurozone inflation hits 5-year low 01 Oct 2014 - 09:45 am

BRUSSELS: Eurozone inflation dropped to the lowest level since the worst of the global financial crisis, EU figures showed yesterday, heaping pressure on...

RBI keeps rates on hold to guard against inflation 01 Oct 2014 - 09:45 am

MUMBAI: India’s central bank kept interest rates on hold yesterday as expected as it awaits more proof that stubbornly high inflation is headed...

Sisi makes fast start on reforms 01 Oct 2014 - 09:44 am

CAIRO: In his first 100 days in office, Egyptian President Abdel Fattah Al Sisi has made a fast start on economic reform: slashing...

Turkey hikes fuel prices, pushing inflation forecasts above 9 percent 01 Oct 2014 - 09:44 am

ISTANBUL: Turkey will hike electricity and natural gas prices by nine percent from October, Energy Minister Taner Yildiz said yesterday, blaming a weaker...

Data casts doubts on Japan recovery 01 Oct 2014 - 09:43 am

TOKYO: Japan’s factory output saw a surprise drop and household spending kept falling in August, data showed yesterday, fanning fears about the impact...

RBS to resolve misconduct fallout soon 01 Oct 2014 - 09:43 am

LONDON: State-backed Royal Bank of Scotland expects to be able to put the fallout from past misconduct behind it over the next 18...

Barwa Bank hosts trade finance workshop 01 Oct 2014 - 09:42 am

DOHA: Barwa Bank hosted an interactive trade finance workshop for clients and employees titled ‘Global Trade Trends and Challenges’ as part of the...

Renault posts record sales rise in GCC 01 Oct 2014 - 09:42 am

Dubai: Renault announced its sales figures have increased to 10,656 units across the GCC from January to August 2014 – a rise of...

Banks prepare for tough winter in Russia 01 Oct 2014 - 09:41 am

MOSCOW/LONDON: The annual “Russia Calling” investment conference kicks off this week in Moscow with investment bankers in no mood to talk. Western sanctions...

Opec oil output hits highest since 2012 01 Oct 2014 - 02:49 am

LONDON: Opec’s oil supply jumped to its highest in almost two years in September, a survey found, due to further recovery in Libya...

GCC ports set to face logistic pressure 30 Sep 2014 - 01:06 am

DOHA: Faced by a booming trade demand, the GCC’s logistic sector is set to pile enormous pressure on the ports across the region....

Hassad Food for investments in Turkey 30 Sep 2014 - 01:04 am

Nasser Al Hajri (left), Chairman and Managing Director of Hassad Food with Turkey’s Minister of Agriculture Mehdi Eker. DOHA: Hassad Food, the global...

Airbus A350XWB test flight 30 Sep 2014 - 01:03 am

Airbus A350XWB aircraft stage a test flight from the Airbus headquarters in Blagnac, Southern France, yesterday. The A350XWB, with a capacity of between...