Business

Airbus A380’s new evacuation slides 22 Jul 2014 - 08:10 am

A model of an A380 Airbus with its evacuation slides deployed is displayed in the lobby at UTC Aerospace Systems in Phoenix, Arizona....

Severstal to sell US units 22 Jul 2014 - 08:09 am

Severstal CEO Alexei Mordashov at the steel mill in Dearborn, Michigan. Russia’s Severstal is to sell its US subsidiaries in a $2.3bn deal...

QFCRA bars former staff of a global bank from taking up jobs 22 Jul 2014 - 08:07 am

DOHA: The Qatar Financial Centre Regulatory Authority (QFCRA) has barred a former employee of QFC-registered international bank from taking up jobs in any...

IMF raises Saudi growth forecast to 4.6pc for 2014 22 Jul 2014 - 08:06 am

DUBAI: Saudi Arabia’s economy is likely to grow 4.6 percent this year, more than previously estimated, helped by a robust performance of the...

ABB, Volvo tie up on fast-recharge electric buses 22 Jul 2014 - 08:06 am

ZURICH: Electric buses which can recharge their batteries fast when at bus stops are to be developed by Swiss-Swedish engineering group ABB and...

Loan growth outpaces deposit growth in June: QNBFS 22 Jul 2014 - 08:05 am

DOHA: Loan growth has outpaced deposit growth in Qatar during the month of June 2014. After posting a growth of 0.4 percent month-on-month...

Britain overhauls pension schemes 22 Jul 2014 - 08:05 am

LONDON: Britain published new rules for private pensions yesterday which give retirees greater freedom to spend their savings as they like, fleshing out...

Mobile demand helps lift Taiwan exports 10.6pc 22 Jul 2014 - 08:05 am

TAIPEI: Taiwan’s export orders in June rose 10.6 percent year-on-year to a 17-month high, largely boosted by continuing strong demand for electronic products,...

Azeri oil output falls 22 Jul 2014 - 08:04 am

BAKU: Azerbaijan’s oil and condensate output fell 2.8 percent in the first half of 2014, a source at the State Statistics Committee said,...

Zimbabwe to list bourse in bid to attract investors 22 Jul 2014 - 08:04 am

HARARE: Zimbabwe will halve its stake in the local bourse as part of a plan to float the company and attract more foreign...

India to firm up stand on global trade agreement 22 Jul 2014 - 08:04 am

SYDNEY/NEW DELHI: India will firm up its position regarding a landmark global trade pact shortly before a Thursday deadline, a senior official said...

China’s oil imports from Iran rise 22 Jul 2014 - 08:03 am

BEIJING: China’s crude imports from Iran in the first half of the year were up nearly 50 percent, although shipments in June dropped...

China shuts meat factory supplying KFC, McDonald’s 22 Jul 2014 - 08:03 am

SHANGHAI: Shanghai has shut a factory of US food provider OSI Group for selling out-of-date meat to restaurant giants including McDonald’s and KFC,...

Switzerland, China agree on yuan swap 22 Jul 2014 - 08:03 am

GENEVA: The Swiss and Chinese central banks signed a currency swap agreement in Beijing yesterday, marking an important step in the development of...

Seoul plans to flag down Uber taxi app 22 Jul 2014 - 08:03 am

SEOUL: South Korea’s capital Seoul said yesterday it planned to ban the smartphone car-hailing service Uber, saying it raised passenger safety issues and...

QIIB net profit grows by 10pc in H1 22 Jul 2014 - 07:03 am

Sheikh Dr Khalid bin Thani Al Thani (left) and Abdul Basit A Al Shaibei. DOHA: International Islamic’s (QIIB) financial portfolio grew by 25.7...

Bahrain opposition faces suspension for three months 21 Jul 2014 - 04:47 am

General Secretary of Bahrain's main opposition party Al Wefaq, Sheikh Ali Salman holding a banner with photo of Shi'ite scholar, Sheikh Hasan Najaty,...

Muntajat signs 2-year deal with Milaha 21 Jul 2014 - 03:35 am

Sheikh Ali bin Jassim Al Thani (left), Chairman and Managing Director of Milaha and Abdulrahman Ali Al Abdulla, CEO of Muntajat at the...