Business

Weekly Commodity Update: Crude oil rising on seasonal pickup, gold is still playing ping pong 28 May 2014 - 12:02 am

By Ole S. Hansen (Head of Commodity Strategy, Saxo Bank) The DJ-UBS Commodity index is showing signs of bottoming out following three weeks...

Vodafone showcases technologies 27 May 2014 - 03:25 am

Sheikh Dr Khalid bin Thani bin Abdullah Al Thani, Chairman of Vodafone Qatar, at QITCOM 2014. RIGHT: Vodafone has partnered with Alfardan Automobiles,...

Projects get QBIC support 27 May 2014 - 03:20 am

Officials and entrepreneurs at the event. Doha: Qatar Business Incubation Center (QBIC) announced today 15 projects chosen to be ‘incubated’ and receive its...

S Korea’s top mobile chat app, portal to merge 27 May 2014 - 03:00 am

Daum Communications CEO Choi Sae-hoon (left) and Kakao Corp CEO Sirgoo Lee yesterday. SEOUL: South Korea’s top messaging service provider, Kakao Corp, and...

Q-Coat becomes largest producer of ECR steel 27 May 2014 - 02:57 am

Officials at the technical seminar organised by Q-Coat yesterday. BY MOHAMMAD SHOEB DOHA: Qatar Metals Coating Company (Q-Coat), the sole supplier of anti-corrosion...

New Honda City unveiled 27 May 2014 - 02:16 am

Faisal Sharif (second right), Managing Director of Domasco, Greig Roffey (second left), sales and marketing manager, Domasco, with other officials during the unveiling...

Malabar Group enters UAE property market 27 May 2014 - 02:09 am

Sultan Al Shamsi, CEO, Sharjah International Investment, Wedad Abdullah Al Marzouqi, Manager, Chairman’s Office, Sharjah Economic Development Department and M P Ahammed, Chairman,...

IMF asks central banks to work closely 27 May 2014 - 02:07 am

IMF Managing Director Christine Lagarde (left) at the ECB Forum on Central Banking in Sintra. SINTRA: Christine Lagarde, Managing Director of the International...

ECB alert to deflation risk, says Draghi 27 May 2014 - 02:02 am

ECB President Mario Draghi delivering a speech at a conference during the ECB Forum in Sintra. SINTRA: The European Central Bank is “alert”...

Atos to buy Bull 27 May 2014 - 01:55 am

CEO of the IT services company Atos Thierry Breton (right) and Philippe Vannier, new CEO of French group Bull in Paris yesterday. Atos...

Pfizer quits $118bn AstraZeneca bid war 27 May 2014 - 12:36 am

LONDON/NEW YORK: Pfizer abandoned its attempt to buy AstraZeneca for nearly $118bn yesterday as a deadline approached without a last-minute change of heart...

Good chance of Moscow-Kiev gas deal: EU energy chief 27 May 2014 - 12:34 am

BERLIN: Russia and Ukraine have a “good chance” of striking a deal to resolve a standoff over Russian gas deliveries to Ukraine by...

QE index moves up, lifts all-time high 27 May 2014 - 12:34 am

DUBAI: Stocks about to join the MSCI emerging market index supported bourses in Dubai, Abu Dhabi and Qatar yesterday while Saudi Arabia posted...

Emaar to list mall unit on Dubai bourse 27 May 2014 - 12:33 am

DUBAI: Dubai’s Emaar Properties said yesterday it will list up to 25 percent of its malls business on the Dubai Financial Market (DFM),...

Abu Dhabi gives Etisalat $500m for Maroc deal 27 May 2014 - 12:33 am

DUBAI: Abu Dhabi gave Etisalat a $500m grant towards its €4.14bn purchase of 53 percent of Maroc Telecom, the company’s prospectus for a...

Egypt projects higher growth, deficit 27 May 2014 - 12:32 am

CAIRO: Egypt’s government said yesterday it plans to cut petroleum product subsidies in the next fiscal year but still expects the budget deficit...

China eyes more investments 27 May 2014 - 12:23 am

BEIJING: China has simplified procedures for the government to approve investment projects to increase transparency and efficiency, the country’s top economic planner said...

Russia spending on rise, budget risks not properly assessed: IMF 27 May 2014 - 12:23 am

MOSCOW: Russian public spending that is classified as secret will nearly double by 2016 to reach a quarter of all expenditures, the IMF...