Business

Saudi earnings to rise before bourse opening 16 Sep 2014 - 11:56 pm

DUBAI: The opening of Saudi Arabia’s stock market to direct foreign investment early next year is set to coincide with a pick-up in...

Qatar Exchange index remains flat 16 Sep 2014 - 11:56 pm

Doha: Qatar Exchange index maintained status quo yesterday when trading closed fractionally higher by 0.67 point compared to Monday’s position of 14,137.33 points....

Opel acts to counter downturn in Russia 16 Sep 2014 - 11:55 pm

BERLIN: Opel Group, the European subsidiary of US auto giant General Motors, said yesterday it was reorganising its production in Russia amid falling...

Swiss bankers urge deal to root out tax cheaters 16 Sep 2014 - 11:54 pm

ZURICH: The head of Switzerland’s banking association urged the government yesterday to strike deals with European neighbours to root out untaxed money in...

Qatar’s HNWIs acquired wealth fastest in world 16 Sep 2014 - 01:17 am

DOHA: Nearly 98 percent of High Net Worth Individuals (HNWIs) in Qatar acquired their wealth in less than 20 years, with 38 percent...

YouTube to go ‘offline’ in India on Android phones 16 Sep 2014 - 01:10 am

Sundar Pichai, who heads Google’s Android and Chrome units, at the launch of Android One in New Delhi yesterday. Google Inc launched a...

‘photokina 2014’ 16 Sep 2014 - 01:09 am

A model looks through a camera with a mounted telephoto lens during a preview day at the ‘photokina 2014’ fair in Cologne, Germany,...

Car sales shrink in Russia 16 Sep 2014 - 01:08 am

Used cars for sale are on display at a market in the far eastern city of Vladivostok yesterday. Russia’s automobile market slumped further...

Startups on focus 16 Sep 2014 - 01:07 am

Workers are seen at the 3D Hubs office in Amsterdam. In a continent where one in five young people are out of work,...

Nissan faces battery plant cuts on dim hope 16 Sep 2014 - 01:06 am

Carlos Ghosn, Chairman and Chief Executive Officer of Renault-Nissan Alliance, during the presentation of the new Twingo car in La Baule, yesterday. PARIS:...

Economy in Ukraine may shrink 6pc 16 Sep 2014 - 01:05 am

People pass a currency exchange office in central Moscow yesterday. The Russian ruble fell to a historic low of 38.04 against the US...

Air France pilots’ strike halts flights 16 Sep 2014 - 01:03 am

Passengers wait at check-in counters on the first day of an Air France one-week strike at Nice International airport yesterday. PARIS/FRANKFURT: Pilots at...

Phones 4u eyes PwC administrators 16 Sep 2014 - 01:02 am

A man walks past a Phones 4u store in west London yesterday. The mobile phone retailer said it was seeking the appointment of...

Brent crude oil hits 26-month low 16 Sep 2014 - 12:59 am

NEW YORK: Brent crude oil futures fell in choppy trading yesterday on weak Chinese economic data that pushed the expiring October Brent contract...

QNB acquires additional 11pc in Ecobank for $283m 16 Sep 2014 - 12:59 am

DOHA: Qatar National Bank (QNB) yesterday announced the acquisition of an additional holding of 11 percent (2,047,877,260 ordinary shares) in Ecobank Transnational Incorporated...

Dubai’s Emaar first tranche of malls IPO already covered 16 Sep 2014 - 12:59 am

DUBAI: Emaar Properties said institutional investors have committed to buying all the shares offered to them in the flotation of its shopping malls...

Commercial Bank targets new expats 16 Sep 2014 - 12:59 am

DOHA: Expecting influx of new arrivals during the month of September, Commercial Bank has announced a number of enhancements to its existing “Life...

Alpen Capital Saudi Arabia starts operation 16 Sep 2014 - 12:58 am

Doha: Alpen Capital Saudi Arabia has been licensed by the Capital Markets Authority (CMA) to commence operations. The company has established its first...