Business

GDI gets QR1.6bn QP contract extension 10 Jul 2014 - 12:43 am

DOHA: Gulf Drilling International (GDI), a wholly-owned subsidiary of Gulf International Services (GIS) and the largest service group listed on the Qatar Exchange,...

The Sun Valley Conference 10 Jul 2014 - 12:42 am

Sheryl Sandberg, COO of Facebook, and her husband David Goldberg, CEO of SurveyMonkey, at the Allen & Company Sun Valley Conference yesterday in...

Toyota launches Yaris hatchback 10 Jul 2014 - 12:41 am

FROM LEFT: Dr Nasser Abdulghani Al Abdulghani, Managing Director, AAB, Takashi Obata, GM, Toyota Motor Corporation, Ghafoor Rawtaer, Chief Operation Officer, AAB, R...

Economic meeting 10 Jul 2014 - 12:40 am

European Central Bank (ECB) board member Benoit Coeure (centre) addresses the audience as Italy’s former Primer Minister Mario Monti (left) looks on during...

Vatican rejigs scandal-hit bank 10 Jul 2014 - 12:32 am

Jean-Baptise de Franssu (left), new president of Vatican Bank IOR, and outgoing President Ernst Von Freyberg at the Vatican yesterday. VATICAN CITY: The...

US-China Economic meet 10 Jul 2014 - 12:30 am

US Federal Reserve Board Chair Janet Yellen toasts her Chinese counterparts at a working lunch during the US-China Strategic and Economic Dialogue, known...

Qatar to invest $182bn in projects 10 Jul 2014 - 12:25 am

DOHA: Qatar has budgetary provisions to invest over $182bn (QR664bn) in various developmental projects over the next five years, which does not include...

QE bucks regional trend, extends rally 10 Jul 2014 - 12:25 am

DOHA: Bucking the regional trend, Qatar stocks rose by 1.34 percent yesterday to settle at 12,717 points on banking and industrials support. The...

Chinese court rules against Apple in Siri patent case 10 Jul 2014 - 12:25 am

BEIJING: US technology giant Apple has lost a lawsuit against a Chinese state regulator over patent rights to voice recognition software such as...

UK plans competition review of banking 10 Jul 2014 - 12:24 am

LONDON: Britain’s financial watchdog is launching a broad “exploratory” review of competition in wholesale financial markets to check if they operate effectively to...

BRICS to sign deal creating new bank 10 Jul 2014 - 12:24 am

MOSCOW: The BRICS group of emerging giants are expected to sign a deal next week to open their own development bank by 2016,...

Emirates finalises $56bn Boeing order 10 Jul 2014 - 12:23 am

Dubai: Dubai airline Emirates finalised a $56bn order to buy 150 Boeing 777X jets yesterday, firming up a commitment made last year, just...

UK North Sea oil firms profitability at 5-year low 10 Jul 2014 - 12:23 am

LONDON: North Sea oil and gas companies made the lowest profits in nearly five years during the first three months of this year,...

China inflation slows to 2.3pc in June 10 Jul 2014 - 12:22 am

BEIJING: Chinese inflation slowed to 2.3 percent in June from a four-month high of 2.5 percent in May, official data showed, giving authorities...

China’s Wanda to build $900m complex in US 10 Jul 2014 - 12:22 am

BEIJING: China’s Wanda Group, controlled by the country’s richest man Wang Jianlin, says it will invest $900m in a five-star hotel and apartment...

Islamic Holding Group posts QR7.59m profit 10 Jul 2014 - 12:21 am

Doha: Islamic Holding Group disclosed its financial results for the period ended on June 30, 2014 where the announcement came after a meeting...

GM’s Barra to testify to Senate again on recalls 10 Jul 2014 - 12:20 am

WASHINGTON: General Motors chief executive Mary Barra will return to the Senate next week for a grilling over the automaker’s deadly delayed recall...

Citigroup may pay $7bn settlement 10 Jul 2014 - 12:18 am

WASHINGTON/NEW YORK: Citigroup Inc is close to paying about $7bn to resolve a US probe into whether it defrauded investors on billions of...