Business

QE index rebounds, adds 70.96 points 19 Jun 2014 - 12:08 am

Doha: Qatar Exchange index gained 70.96 points, or 0.57 percent, yesterday to advance to 12,591.32 points from 12,520.36 on Tuesday. The volume of...

Arabtec CEO quits, plans stake sale 19 Jun 2014 - 12:06 am

DUBAI: The chief executive of major Dubai construction firm Arabtec resigned yesterday after a tumultuous six weeks during which the company’s share price...

GM hit with $10bn suit, recalls damaged brand 19 Jun 2014 - 12:06 am

Washington: A new lawsuit says General Motors Co should compensate millions of car and truck owners for lost resale value, potentially exceeding $10bn,...

Falling Portugal and Spain debt rates point to recovery 19 Jun 2014 - 12:06 am

LISBON: Spain and Portugal both breezed through bond auctions yesterday, with rates on the former eurozone laggards plunging after the ECB slashed its...

India authority orders Coke plant’s closure 19 Jun 2014 - 12:05 am

LUCKNOW: Authorities in northern India have ordered the closure of a Coca-Cola bottling plant at the centre of protests that it is extracting...

Qatar woos investors to logistic sector 18 Jun 2014 - 01:53 am

The Minister of Economy and Trade, H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani (centre); the Minister of Municipality and Urban...

RasGas delegation attends World Petroleum Congress 18 Jun 2014 - 01:52 am

H E Dr Mohamed bin Saleh Al Sada (second right), the Minister of Energy and Industry, with the RasGas team in Moscow. Doha:...

Alfardan Automobiles, QIB ink pact 18 Jun 2014 - 01:51 am

D Anand, General Manager, QIB’s Personal Banking Group and Mohammed Kandeel, Chief Operating Officer of Alfardan Group – Automotive Division after the pact....

Qapco unveils sustainability report 18 Jun 2014 - 01:51 am

Qapco, Vice-Chairman and CEO, Dr Mohammed Yousef Al Mulla (centre), with other employees after the release of the annual sustainability report. Doha: Qatar...

Central bank committed to tackling rising inflation: Rajan 18 Jun 2014 - 01:50 am

MUMBAI: India’s central bank chief said yesterday that tackling spiralling inflation would be a priority in the coming months, amid fears of further...

SSP to raise £500m 18 Jun 2014 - 01:49 am

People walk past a Caffe Ritazza outlet in Berlin yesterday. Retail industry veteran Kate Swann plans to raise around £500m through a London...

Starbucks, ASU in partnership 18 Jun 2014 - 01:48 am

Cliff Burrows (centre), Group President for Starbucks in the Americas and Teavana, and other executives celebrate at the opening bell of the Nasdaq...

GDI bags QP’s QR1.27bn jack-up drilling rig contract 18 Jun 2014 - 01:46 am

DOHA: Gulf Drilling International Ltd QSC (GDI), a wholly owned subsidiary of Gulf International Services (GIS), announced that it has been awarded new...

GM recalls 3.36 million more cars 18 Jun 2014 - 01:46 am

SAN FRANCISCO: General Motors Co recalled 3.36 million North American cars with ignition switches that can be jarred out of the “run” position,...

Iraq’s biggest oil refinery shut down 18 Jun 2014 - 01:46 am

TIKRIT: Iraq’s biggest oil refinery, Baiji, has been shut down and its foreign staff evacuated, refinery officials said yesterday, adding that local staff...

Reverse gas flows to Ukraine legally sound: EU 18 Jun 2014 - 01:44 am

BRUSSELS: The EU is exploring alternative gas sources for Ukraine, the European Commission said yesterday, a day after Russia cut off a key...

Total starts 4D seismic survey 18 Jun 2014 - 01:44 am

DOHA: Total E&P Qatar has commenced a large-scale seismic acquisition survey in Al Khalij field Block 6, located 130km off the coast of...

Turkish Air holds Doha roadshow 18 Jun 2014 - 01:43 am

Doha: Turkish Airlines held a regional roadshow for travel agents in Qatar with The Andalusia Tourist Board and Malaga-Costa del Sol, announcing increasing...