Business

M&C’s profit jumps 54pc on deals by Singapore unit 21 Feb 2014 - 11:04 pm

London: Hotel chain operator Millennium & Copthorne’s full-year pretax profit jumped 54 percent due to accrued one-time revenue from condominium sales by its...

Tesla Motors up on better results 21 Feb 2014 - 05:54 am

People look at a Tesla Motors vehicle on the showroom floor at the Dadeland Mall in Miami, Florida. Tesla said yesterday that it...

Puma sales down 13.2pc 21 Feb 2014 - 05:54 am

A woman walks next to products of German sports goods firm Puma in Herzogenaurach yesterday. Puma said sales fell 13.2 percent to $960m...

Nokia mulls buying Juniper for expansion 21 Feb 2014 - 05:52 am

FRANKFURT/HELSINKI: Finland’s Nokia is considering buying US-based Juniper Networks to merge into its telecommunications network gear business, German’s Manager Magazin Online reported, citing...

Aamal posts QR512m net profit in 2013 21 Feb 2014 - 05:51 am

DOHA: The annual net profit (after fair value gains on investment properties) of Aamal Company for 2013, ended December 31, decreased to QR512m,...

Gulf Islamic banks’ extra product costs shrinking, says S&P study 21 Feb 2014 - 05:51 am

Paris: The extra costs which Islamic banks in the Gulf charge consumers relative to conventional banks appear to be falling, according to a...

QE index gains 3.10pc last week, eyes 12,000 mark 21 Feb 2014 - 05:51 am

Doha: Qatar Exchange (QE) index gained 356.90 points, or 3.10 percent, last week when the bourse closed yesterday at 11,872.40 points. The bourse...

US Fed officials see more QE cuts coming up 21 Feb 2014 - 05:50 am

NEW YORK/ST LOUIS: Three Federal Reserve officials said they believe the US economy is gaining traction despite a recent slowdown from severe weather,...

IMF, Britain warn emerging economies 21 Feb 2014 - 05:50 am

SYDNEY: IMF chief Christine Lagarde and British finance minister George Osborne yesterday demanded emerging economies get their own houses in order, after some...

Batelco to take control of Kuwait Net firm 21 Feb 2014 - 05:50 am

DUBAI: Bahrain Telecomm- unications (Batelco) will take majority control of Kuwait’s Qualitynet after agreeing to double its stake in the Internet provider, Batelco...

Facebook to acquire WhatsApp for $19bn 21 Feb 2014 - 02:33 am

San Francisco: Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $19bn in cash and stock in a landmark deal that places the...

Qatari banks’ earnings set to grow stronger 20 Feb 2014 - 01:31 am

DOHA: The earnings of Qatar’s banks are expected to pick up pace in 2014. The banks are projected to record 11 percent year-on-year...

Signet to buy Zales 20 Feb 2014 - 01:24 am

Shoppers walk by a Zales Jewelers store at the Serramonte Mall yesterday in California. Speciality jewellery retailer Signet Jewelers announced plans to acquire...

Islamic Holding Group’s AGM 20 Feb 2014 - 01:23 am

Dr Yousif Ahamad Al Naema (centre), Chairman, Islamic Holding Group, at the group’s ordinary annual general meeting on Tuesday. The meeting approved the...

Turkish furniture companies eye expansion in Qatar 20 Feb 2014 - 01:23 am

Turkish Furniture Exporters meeting yesterday. Shaival Dalal. BY MOHAMMAD SHOEB DOHA: The Turkish furniture delegation, which is here to establish partnership with local...

Job fair in China 20 Feb 2014 - 01:21 am

People look at job information at an employment fair in Zhengzhou, Henan province, China, yesterday.

EIB issues bonds 20 Feb 2014 - 01:21 am

European Investment Bank President Werner Hoyer and Vice President Philippe de Fontaine Vive (right) present the bank’s annual results during a news conference...

Peugeot posts $3.2bn loss, eyes Asia market 20 Feb 2014 - 01:20 am

Philippe Varin, outgoing CEO of Peugeot Citroen, in Paris yesterday. PARIS: PSA Peugeot Citroen plans to build new cars and expand in Asia...