Business

Apple’s Oppenheimer to retire in September 05 Mar 2014 - 12:47 am

New York: Apple Inc said Chief Financial Officer Peter Oppenheimer will retire at the end of September, handing over to Corporate Controller Luca...

Glencore Xstrata in $7.4bn loss 05 Mar 2014 - 12:47 am

ZURICH: Mining giant Glencore Xstrata plunged deep into the red in 2013 with a net loss of $7.4bn from a profit of $1bn ...

Mt Gox crash may help bitcoin 05 Mar 2014 - 12:46 am

WASHINGTON/TOKYO: The collapse of the Mt Gox bitcoin exchange could ultimately strengthen the virtual currency industry by weeding out weaker operators and prompting...

StanChart mulls selling units: Report 05 Mar 2014 - 12:46 am

LONDON: Standard Chartered bank is seeking to sell about six units in Asia, Europe and the Middle East, the Wall Street Journal reported...

Weekly Commodity Update: Uncertainty surrounding the pace of tapering process 04 Mar 2014 - 10:50 pm

By Ole S Hansen (Senior Client Advisor) Last week, the Dollar Index posted its worst monthly performance since five months, reaching a low...

Oil up more than $2 on Ukraine worries 04 Mar 2014 - 01:16 am

People walk past a currency exchange showing ruble rates in Moscow yesterday. The ruble plunged 2.9 percent to a record low against the...

Doha Bank eyes acquisition of foreign bank branches in India 04 Mar 2014 - 01:15 am

Doha Bank Chairman Sheikh Fahad bin Mohammad bin Jabor Al Thani (left) and Managing Director Sheikh Abdul Rehman bin Mohammad bin Jabor Al...

Hussain Ali Al Abdulla re-elected chairman of Masraf Al Rayan 04 Mar 2014 - 01:13 am

New board members of Masraf Al Rayan after the ordinary general assembly. DOHA: The newly-elected board of directors of Masraf Al Rayan has...

QP participates in Offshore Arabia 2014 04 Mar 2014 - 01:10 am

The Qatar Petroleum delegation at the stand. Doha: Qatar Petroleum (QP) is taking part in the 8th Offshore Arabia 2014 Conference and Exhibition,...

Award for Malabar Gold 04 Mar 2014 - 01:10 am

Malabar Gold & Diamonds team with the ‘Best Retail Chain of the Year’ award, in the National Jewellery Awards category, instituted by the...

Etihad profit up 48pc; Alitalia on radar 04 Mar 2014 - 01:04 am

Etihad Airways CEO James Hogan in Abu Dhabi yesterday. ABU DHABI: Etihad Airways’ Chief Executive said talks to pick an equity stake in...

Indonesian inflation eases 04 Mar 2014 - 01:02 am

A worker repairs a damaged boat, at a shipyard in north Jakarta yesterday. Indonesia’s annual inflation rate in February eased more than expected,...

All eyes on Geneva show 04 Mar 2014 - 01:02 am

People check a Peugeot 108 car ahead of the 84th Geneva Motor Show at the Palexpo Arena in Geneva yesterday. The Geneva Motor...

‘Low inflation menace to eurozone’ 04 Mar 2014 - 01:01 am

Spanish King Juan Carlos (left) with IMF Managing Director Christine Lagarde in Bilbao, Spain, yesterday. MADRID: IMF chief Christine Lagarde urged the eurozone...

Mideast markets tumble, QE index down 0.92pc 04 Mar 2014 - 12:54 am

Doha: Middle East stock markets slid yesterday as a heightened threat of conflict between Ukraine and Russia triggered widespread selling, despite the benefit...

Muntajat opens five international marketing units 04 Mar 2014 - 12:53 am

DOHA: Muntajat BV, the international marketing arm of Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) has recently announced the opening of...

Ivory Coast raises $315m 04 Mar 2014 - 12:53 am

RABAT: Ivory Coast raised 150bn CFA francs ($315m) in the regional market and hired banks for a $500m Eurobond issue, Morocco’s BMCE Bank...

Qatar, UAE markets gain strength 04 Mar 2014 - 12:52 am

DOHA: GCC equities got off to a flying start in the first two months of 2014, with Qatar and the UAE markets showing...