Business

ABCC sees momentum in GCC FDI outflow, Qatar boosts outflow 15 Jul 2014 - 01:58 am

DOHA: The Arab-Brazilian Chamber of Commerce (ABCC) has expressed strong optimism over the Middle East as source of investments after a report from...

Qatar Exchange index gains 108.7 points 15 Jul 2014 - 01:58 am

Doha: Qatar Exchange index gained 108.7 points, or 0.84 percent, when trading closed at 19,990.4 points yesterday. The traded value increased to QR536,142,947.38...

Al Rifai, Al Homaizi settle differences 15 Jul 2014 - 01:57 am

Doha: As part of an amicable settlement reached between the parties, Al Homaizi and Al Rifai have settled their differences and all litigations...

Masraf Al Rayan exits investment in Seef Lusail 15 Jul 2014 - 01:56 am

DOHA: Masraf Al Rayan announced yesterday it has entered into an agreement to sell its equity stake in Seef Lusail Real Estate Development...

India disallows Reliance from oil cost recovery of $2.4bn 15 Jul 2014 - 01:55 am

NEW DELHI: India has disallowed Reliance Industries Ltd from recovering $2.4bn invested to develop offshore gas fields in the D6 block on the...

IMF cuts eurozone growth forecast 15 Jul 2014 - 01:55 am

BRUSSELS: The IMF cut its 2014 growth forecast for the eurozone yesterday, warning that the recovery in the single currency bloc was “neither...

Singapore economy unexpectedly contracts in Q2 15 Jul 2014 - 01:54 am

SINGAPORE: Singapore’s trade-reliant economy unexpectedly contracted in the second quarter, the government said yesterday, as weak global demand weighed on the key manufacturing...

Embraer gets $2.4bn deal for 50 jets 15 Jul 2014 - 01:54 am

FARNBOROUGH: Brazilian aerospace giant Embraer yesterday announced that it had won an order worth $2.4bn for 50 regional jets from US airlines-owner Trans...

Airbus announces A330 jet revamp 15 Jul 2014 - 01:52 am

FARNBOROUGH: Airbus announced a revamp of its twin-aisle A330 passenger jet yesterday, sharpening a contest with Boeing for up to $250bn of orders...

BAE battles Lockheed for $10bn F-16 upgrade 15 Jul 2014 - 01:52 am

FARNBOROUGH: Europe’s largest defence contractor BAE Systems expects to win more than half of the $10bn market to modernise F-16 fighter jets, saying...

Airbus, under fire from Qatar Airways, says A380s due by year end 15 Jul 2014 - 01:51 am

FARNBOROUGH: Airbus said the snags holding up delivery of the new A380 superjumbos ordered by Qatar Airways would be resolved by the end...

India’s inflation eases to four-month low 15 Jul 2014 - 01:51 am

MUMBAI: India’s inflation slowed to a four-month low in June, data showed yesterday, but an expected weak monsoon could push up food prices...

Ford, Toyota halt some South African output due to strike 15 Jul 2014 - 01:50 am

CAPE TOWN: US motor company Ford has suspended production at one of its South African plants and Japanese car-maker Toyota plans to follow...

Volkswagen to invest $900m in new US model 15 Jul 2014 - 01:49 am

FRANKFURT: German auto giant Volkswagen said yesterday it will invest $900m to build a new sports utility vehicle (SUV) in Chattanooga, Tennessee from...

Boeing plans higher-capacity version of 737 14 Jul 2014 - 02:33 am

Boeing 737 fuselages are delivered by train to a Boeing manufacturing site in Renton, Washington. LONDON: Boeing plans to bring out a new...

Sheikh Salman is QFC Authority’s new CFTO 14 Jul 2014 - 02:29 am

DOHA: The Qatar Financial Centre Authority (QFC Authority) has announced the appointment of Sheikh Salman Bin Hassan Al Thani (pictured) as its Chief...

Buffett at the Sun Valley meet 14 Jul 2014 - 02:28 am

Warren Buffett (left), chairman of Berkshire Hathaway Inc, with his wife Astrid at the Allen & Company Sun Valley Conference at the Sun...

Decathlon to accelerate growth 14 Jul 2014 - 02:15 am

People at the French sports equipment and sportswear company Decathlon store in Merignac near Bordeaux. The group, No. 1 in French distribution of...