Business

CVS to phase out tobacco products 06 Feb 2014 - 01:19 am

A man walks into a CVS/pharmacy store in Miami, Florida, yesterday. CVS Caremark Corp, the US’s second-largest drugstore chain announced it will phase...

UK services growth unexpectedly slows 06 Feb 2014 - 01:18 am

LONDON: Growth in Britain’s dominant service sector slowed unexpectedly in January but activity remained strong, suggesting the economy is picking up speed in...

QFMA signs pact for securities numbering 06 Feb 2014 - 01:17 am

DOHA: Qatar Financial Markets Authority (QFMA) has signed a partnership agreement with the Association of National Numbering Agencies (Anna). As per the agreement,...

Eurozone private sector business activity shows robust performance 06 Feb 2014 - 01:17 am

BRUSSELS: Eurozone private sector business activity in January showed the best performance since June 2011, fresh evidence that a modest recovery is gaining...

Brent firms to near $106; US crude up on cold 06 Feb 2014 - 01:16 am

LONDON: Brent oil edged up towards $106 a barrel yesterday, lagging gains in the US benchmark after data showed strong demand for heating...

Al Rayan named Qatar asset manager of year 06 Feb 2014 - 01:16 am

Doha: Underlining its local dominance, Doha-based Al Rayan Investment won ‘Qatar asset manager of the year’ title at the 2014 Mena Fund Manager...

RBS to move to London if Scots break away 06 Feb 2014 - 01:14 am

LONDON: Britain’s Royal Bank of Scotland would “inevitably” move its headquarters from Edinburgh to London if Scotland votes for independence later this year,...

Al Meera cancels MoU with Regency Group, Aramex 06 Feb 2014 - 01:14 am

DOHA: Al Meera Consumer Goods yesterday announced the memorandum of understanding (MoU) that it signed with both Regency Group Holding and Aramex International...

QU, IBN to organise Entrepreneurship in Economic forum from February 24 06 Feb 2014 - 01:14 am

Doha: Qatar University (QU), in collaboration with Interactive Business Network (IBN), is organising an Entrepreneurship in Economic Development, the first such forum in...

Kouwer joins KPMG Qatar as head of advisory for natural resources 06 Feb 2014 - 01:13 am

DOHA: KPMG in Qatar yesterday announced the appointment of Hilda Mulock Houwer as Global Head of Advisory for Energy and Natural Resources. Mulock...

Global transport sector rides LNG boom 06 Feb 2014 - 01:12 am

LONDON: Natural gas has started to challenge oil as the dominant transport fuel with companies building gas-powered ships and installing networks of service...

Gold firms in narrow range ahead of US jobs data 06 Feb 2014 - 01:12 am

LONDON: Gold firmed yesterday as some investors bought into bullion-backed funds, but uncertainly ahead of US jobs data and a lack of Asian...

Gazprom sees Iraq output from spring 06 Feb 2014 - 01:11 am

MOSCOW: Russia’s Gazprom Neft plans to start commercial oil production in spring at its Badra oilfield in Iraq and hopes for an average...

Qatar Exchange index adds 85.01 points; regional markets rebound 06 Feb 2014 - 01:10 am

Doha: Qatar Exchange added 85.01 points, or 0.77, advance to 11,134.70 points from 11,049.69 yesterday. The volume of the shares traded fell to...

Sony to sell PC business to investment fund: Report 06 Feb 2014 - 01:10 am

TOKYO: Sony is in talks to sell its personal computer business to a Japanese investment fund as part of the electronics giant’s wider...

Saudia plans IPO for cargo, maintenance units 06 Feb 2014 - 01:09 am

DUBAI: Saudi Arabian Airlines (Saudia) plans to conduct an initial public offer of shares in its cargo unit this year and an IPO...

Egyptian pound steady in official, black markets 06 Feb 2014 - 01:09 am

CAIRO: The Egyptian pound was unchanged at a central bank foreign currency sale yesterday, the bank said, and steady on the black market,...

WTC Association member visits Qatar Chamber 05 Feb 2014 - 07:32 am

Remy Rowhani, Qatar Chamber Director General, received Martin Sallum, Board Member of World Trade Centres Association yesterday. They discussed the World Trade Center’s...