Business

Qatar Petroleum International partners with Teach For All 17 Sep 2014 - 01:36 am

Wendy Kopp, CEO and Co-founder of Teach For All, and QPI CEO Nasser Al Jaidah at the ceremony. DOHA: Qatar Petroleum International Ltd...

Fifty One East gets retail sector award 17 Sep 2014 - 01:34 am

Officials and the winners at the ceremony in Doha. Doha: Fifty One East, the premium luxury retail chain in Qatar has been celebrated...

Lexus pricing under scanner 17 Sep 2014 - 01:31 am

A customer sits in a Lexus IS330C convertible in Beijing. China’s price regulator has summoned executives from Toyota Motor Corp over pricing policies...

Family businesses could benefit from investment from HNWIs 17 Sep 2014 - 01:31 am

DOHA: About four-fifths of Middle-Eastern businesses are seeking external finance, while three in five have previously offered equity in their business to external...

Oil gains on Opec output cut talks 17 Sep 2014 - 01:30 am

NEW YORK: US crude futures rose by more than $2 and Brent by more than $1 yesterday on the prospect of an Opec...

China’s overseas investment soars as FDI drops 17 Sep 2014 - 01:29 am

BEIJING: China’s outbound investment more than doubled in August to $12.62bn, data showed yesterday, far outstripping foreign direct investment (FDI) into the country,...

Ikea issues urgent recall of risky swings 17 Sep 2014 - 01:29 am

STOCKHOLM: Swedish furniture giant Ikea recalled children’s swings from stores around the world yesterday and asked customers to return the items as they...

New plans unveiled to curb corporate tax avoidance 17 Sep 2014 - 01:28 am

LONDON: New international tax rules proposed yesterday could eliminate structures that have allowed companies such as Google Inc and Amazon.com Inc to shave...

Airbus to rejig defence division, sell off units 17 Sep 2014 - 01:28 am

BERLIN/PARIS: Airbus Group has unveiled plans to sell half a dozen businesses with combined annual revenues of around $2.6bn, simplifying its Defence and...

Mitsubishi to build plant in Indonesia 17 Sep 2014 - 01:27 am

Mitsubishi Motors Corp CEO Osamu Masuko poses next to a Mitsubishi Delica in Jakarta yesterday. Mitsubishi and its partners are investing $600m to...

Photo exhibition opens 17 Sep 2014 - 01:26 am

Visitors sit under images projected onto the ceiling of an exhibition hall on the opening day of the ‘photokina 2014’ fair in Cologne,...

Egypt raises $8.5bn for Suez Canal plans 17 Sep 2014 - 01:24 am

CAIRO: Egypt has raised the $8.5bn it needs to fund a project to expand the Suez Canal in just eight days, the central...

British inflation comes down to 1.5 percent 17 Sep 2014 - 01:17 am

LONDON: Britain’s 12-month inflation dipped to 1.5 percent in August from 1.6 percent in July, official data showed yesterday, easing pressure on the...

Goldman Sachs launches $500m, five-year sukuk 17 Sep 2014 - 01:17 am

DUBAI: Goldman Sachs has launched a $500m, five-year debut Islamic bond offer that will price later on Tuesday, with pricing at the tight...

Turkey warns rating agencies over negative assessments 17 Sep 2014 - 01:17 am

ISTANBUL: Turkey stepped up its criticism of credit rating agencies yesterday, with President Tayyip Erdogan warning it could cut ties with Moody’s and...

Bank Asya to raise capital despite bad campaign 17 Sep 2014 - 01:15 am

ISTANBUL: Turkish Islamic lender Bank Asya said yesterday it was continuing to serve customers, had passed a series of audits and was raising...

China growth slows 17 Sep 2014 - 12:02 am

Workers carry solar panels as they work at a power plant in Wuhu, Anhui province, yesterday. China’s factory output grew at the weakest...

Rouble plunges 17 Sep 2014 - 12:01 am

A man talks on a mobile phone outside a currency exchange office in Moscow, yesterday. The rouble plunged to new depths yesterday.