Business

Temasek to sell $3.1bn stake in Shin Corp 19 Feb 2014 - 01:09 am

SINGAPORE/HONG KONG: Singapore state investor Temasek Holdings Pvt Ltd is seeking to sell its $3.1bn stake in Thai telecom company Shin Corp and...

ADGM hires ex-Dubai executive as head 19 Feb 2014 - 01:09 am

ABU DHABI: Abu Dhabi’s new financial free zone has hired a former executive from neighbouring Dubai’s financial centre to spearhead its growth. Jan...

QE index loses 33.71 points 19 Feb 2014 - 01:08 am

Doha: The Qatar Exchange index ended in the red area when trading closed yesterday at 11,690.49 points, down 33.71 points or 0.29 percent,...

Oil at highest since January 2 on supply concerns, weak dollar 19 Feb 2014 - 01:07 am

LONDON: Oil rose towards $110 a barrel to its highest in almost seven weeks yesterday, supported by a weaker dollar, cold weather in...

Libya crude output falls to 375,000bpd 19 Feb 2014 - 01:07 am

TRIPOLI: Libya’s oil output was down at 375,000 barrels per day (bpd) yesterday with protests continuing to affect a pipeline from the major...

Candy Crush creator plans float on NYSE 19 Feb 2014 - 01:06 am

LONDON: The developer behind the wildly-addictive Candy Crush puzzle game said yesterday it is seeking a listing on the New York Stock Exchange....

Germany and France move closer to deal on diluted transaction tax 19 Feb 2014 - 01:05 am

BRUSSELS: Ambitious proposals for a pan-European financial transaction tax look almost certain to be scaled back after Germany’s finance minister acknowledged that the...

Mining giant BHP’s profit soars 83pc 19 Feb 2014 - 12:54 am

SYDNEY: Global mining giant BHP Billiton said yesterday first-half net profit soared 83 percent to $8.1bn on the back of spending cuts and...

AT&T, IBM in big data tie-up 19 Feb 2014 - 12:54 am

NEW YORK: AT&T and IBM announced plans yesterday to join forces to help cities, utilities and others use big data analytics to better...

Peugeot dynasty ends reign with China’s Dongfeng tie-up 19 Feb 2014 - 12:54 am

PARIS: PSA Peugeot Citroen agreed to a capital tie-up with China’s Dongfeng and the French state, a source said, ending the reign of...

Everything for one pound except its share listings, at Poundland 19 Feb 2014 - 12:53 am

LONDON: Poundland, Europe’s largest single-price discount retailer, plans a £750m ($1.25bn) flotation on the London Stock Exchange, cashing in on the recession-proof allure...

Argentina seeks Qatar’s help to set up new LNG terminal 18 Feb 2014 - 01:33 am

H E Dr Mohamed bin Saleh Al Sada, Minister of Energy and Industry, with Héctor Marcos Timerman, Minister of Foreign Affairs of Argentina,...

QE surges to 67-month high, index up 1.54pc 18 Feb 2014 - 01:31 am

DOHA: Qatar’s benchmark index rose 1.54 percent, its biggest one-day gain in six weeks, to hit a 67-month high yesterday. Market cap rose...

GWC’s Logistics Village to be ready by June 18 Feb 2014 - 01:30 am

The Vice Chairman of Gulf Warehousing Company, Ahmed Mubarak Al Ali Al Maadid (centre), addressing the Ninth Ordinary Annual General Meeting of the...

Eurozone meeting 18 Feb 2014 - 01:26 am

Greece’s Finance Minister Yannis Stournaras (left) greets his Portuguese counterpart Maria Luis Albuquerque as Spain’s Economy Minister Luis de Guindos looks on during...

QNET sends students from Rashid Centre to Malaysia 18 Feb 2014 - 01:22 am

QNET officials at the ceremony. Doha: QNET, direct selling company having its regional headquarters in UAE, is sending select group of UAE students...

Japan growth slows 18 Feb 2014 - 01:20 am

A woman rides a bicycle past a food store in Tokyo yesterday. Japan’s economy grew at a much slower pace than expected at...

Malabar Gold opens third outlet in Kuwait 18 Feb 2014 - 01:19 am

Shaikha Leena Abdul Aziz Elmashaan and Shaikha Mariam Ismaeel Jumaah Al Ansari jointly inaugurating Malabar Gold & Diamonds’ third outlet in Kuwait at...