Business

QE index adds 126.62 points 05 May 2014 - 12:45 am

Doha: Qatar Exchange pursued its upswing trend yesterday by adding 126.62 points, or 0.99 percent, to advance to 12,854.26 points from Thursday’s close...

Qatar to set up bus plant in Oman 05 May 2014 - 12:45 am

Muscat: H E Jassim Seif Ahmed Al Sulaiti, the Minister of Transport and Chairman of the Board of Directors of Qatar Transport Company...

Cityscape Qatar to focus on retail market 05 May 2014 - 12:44 am

DOHA: Driven by the strong growth of Qatar’s economy and population figures, the retail market witnessed an unprecedented 14 percent growth in 2012...

Siemens plans grand strategy launch 05 May 2014 - 12:44 am

BERLIN: When Joe Kaeser took the reins of German engineering giant Siemens last summer after a boardroom coup, he made clear his priority...

QP takes part in Petroleum Environmental Research meet 05 May 2014 - 12:43 am

DOHA: Qatar Petroleum (QP) participated in the Petroleum Environmental Research Forum (PERF) biannual meeting that was held recently at the Qatar Science and...

Gates to own no Microsoft stock by 2018 05 May 2014 - 12:43 am

SEATTLE: Bill Gates, the former chief executive and chairman of Microsoft Corp, will have no direct ownership in the company he co-founded by...

Listed firms’ combined profit up 8.6pc 05 May 2014 - 12:42 am

DOHA: The combined net profit of all listed companies on Qatar Exchange, except two, grew by 8.6 percent to QR 11.1bn in the...

Alitalia, creditors working to woo Etihad 05 May 2014 - 12:42 am

MILAN: Alitalia and its creditors are rushing to finalise by tomorrow a proposal aimed at persuading Gulf-based airline Etihad to invest in the...

Side deals thwart drive to wean Europe off Russian gas 05 May 2014 - 12:42 am

LONDON: While officials in Brussels were calling for Europe to reduce its dependency on Russian natural gas and negotiate with Moscow as a...

Oman’s economic growth dips last year 05 May 2014 - 12:37 am

DUBAI: Oman’s economic growth plunged to 2.8 percent in nominal terms in 2013, its slowest pace of expansion since 2009, as output in...

Kazakhstan seeks economic growth beyond oil sector 05 May 2014 - 12:36 am

ASTANA: Kazakhstan reached a deal yesterday with the Asian Development Bank to use ADB funds and expertise and the country’s oil wealth to...

Afghan exports post 33pc growth 05 May 2014 - 12:35 am

Kabul: The Afghanistan Chamber of Commerce and Industries (ACCI) informed of 33 percent increase in Afghan exports during the year 2013. Reduction in...

Comcast to bring X1 service to Los Angeles, New York after merger 05 May 2014 - 12:35 am

Los Angeles: Within a year after its $45bn acquisition of Time Warner Cable Inc closes, Comcast Corp aims to make its advanced X1...

ECB to hold fire on rates but could move in June 05 May 2014 - 12:34 am

FRANKFURT: The European Central Bank is not expected to cut interest rates this week, but could start paving the way for a possible...

Trouble again: GM recalls 51,640 SUVs 05 May 2014 - 12:34 am

WASHINGTON: General Motors Co is recalling 51,640 Buick Enclave, Chevrolet Traverse and GMC Acadia SUVs of the 2014 model year because faulty software...

Europe’s cybersecurity policy settings under attack 05 May 2014 - 12:33 am

BRUSSELS: Even as Europe powered up its most ambitious ever cybersecurity exercise this month, doubts were being raised over whether the continent’s patchwork...

Australian government warns of tough budget 05 May 2014 - 12:32 am

SYDNEY: The budget later this month will involve “tough decisions” to put the economy back on track, a senior minister said yesterday as...

Fed to wait till October to consider rate rise: Fisher 05 May 2014 - 12:32 am

DALLAS: The Federal Reserve will likely bring its massive bond-buying programme to an end in October, and only after that will it consider...