Business

US, Singapore in deal on tax evasion 07 May 2014 - 04:53 am

WASHINGTON/SINGAPORE: Singapore has reached a tax information-sharing agreement with the United States under a new law meant to combat offshore tax dodging by...

Adidas hit by strong euro in Q1 07 May 2014 - 04:53 am

FRANKFURT: Adidas, the German maker of sportswear and equipment, said that earnings were down in the first quarter, hit by unfavourable exchange rates...

Qatar Exchange ends first leg of week-long roadshow, gets warm reception 07 May 2014 - 04:02 am

Qatar Exchange CEO Rashid Al Mansoori with other dignitaries at the roadshow. DOHA: Qatar Exchange (QE), in collaboration with QNB Financial Services and...

Businessman calls for Qatar Chamber revamp 06 May 2014 - 01:34 am

By Satish Kanady DOHA: Pressure is mounting on Qatar Chamber (QC) ahead of its elections to the Board of Directors on May 12,...

HSE Excellence Award winners honoured 06 May 2014 - 01:29 am

H E Dr Mohamed bin Saleh Al Sada, the Minister of Energy and Industry (centre), with the HSE Excellence Award winners after the...

QE index hits fresh highs on banking support 06 May 2014 - 01:28 am

DOHA: Qatar’s bourse extended its record-breaking spree with the main index hitting a new peak after adding 1.04 percent to finish at 12,987.95...

Dubai plans huge gold refinery 06 May 2014 - 01:25 am

Kaloti Precious Metals CEO Tarek El-Mdaka (right) and President Munir Al Kaloti at their office in Dubai. DUBAI: In the desert on the...

RasGas celebrates another record 06 May 2014 - 01:21 am

DOHA: RasGas Company Ltd (RasGas) recently celebrated an unprecedented record of 130 million manhours lost time injury (LTI) free at Ras Laffan Industrial...

UBL officials attend ISO meet 06 May 2014 - 01:21 am

From left: Ankita Das, Dr Sunil Manjarekar of Sanbook Quality, Dubai, Shahid Amin Sheikh, General Manager, UBL, Andrew P Kenneth, Head of Service...

Portugal to end bailout with clean chit 06 May 2014 - 01:18 am

Caption LISBON: Portugal decided to make a clean break from its EU-IMF bailout, following in the footsteps of Ireland by forgoing a credit...

Lufthansa bags award 06 May 2014 - 01:16 am

Lufthansa team celebrating after clinching the award for the Best European Airline serving the Middle East at the Business Traveller Middle East Awards...

China manufacturing weakens further 06 May 2014 - 01:16 am

People visiting different booths at the Guandong Import and Export Fair in Guangzhou. China’s overall trade is likely to gain momentum after May...

Ukraine’s largest bank shuts 06 May 2014 - 01:15 am

People gather at the entrance of a closed branch of Privatbank in Luhansk, eastern Ukraine, yesterday. Privatbank, Ukraine’s largest bank, has temporarily closed...

Etisalat to sell African business for $650m 06 May 2014 - 12:59 am

DUBAI: Etisalat, which is set to buy a majority stake in Maroc Telecom, has agreed to sell its West African business to the...

Pfizer hints at hostile bid for AstraZeneca 06 May 2014 - 12:59 am

NEW YORK: Pfizer said yesterday that it remains keen to acquire AstraZeneca but hinted at a hostile takeover campaign if the British company...

Indonesia growth slowest in 4 years 06 May 2014 - 12:58 am

JAKARTA: Indonesia’s economy grew at its slowest in more than four years in the first quarter as a mineral export ban, successive interest...

German retailer Metro to step up India expansion 06 May 2014 - 12:58 am

DUESSELDORF: German retailer Metro AG wants to step up expansion in India and is planning to have 50 wholesale stores in the country...

Starwood to open 35 hotels in Mideast 06 May 2014 - 12:58 am

Doha: Starwood Hotels & Resorts Worldwide Inc yesterday announced that it would open 35 hotels in the Middle East in the next three...