Business

QE index moves up, adds 68.45 points more 11 Mar 2014 - 01:26 am

Doha: Qatar Exchange pursued its upswing trend yesterday by adding 68.45 points, or 0.59 percent, to advance to 11,710.49 points from 11,642.04 on...

McDonald’s US sales continue to struggle 11 Mar 2014 - 01:25 am

New York: McDonald’s Corp yesterday reported a bigger-than-expected drop in comparable global sales for February, hurt again by slow business in the United...

GSK lifts Indian pharma unit stake to 75pc 11 Mar 2014 - 01:24 am

LONDON: GlaxoSmithKline (GSK) has lifted its stake in the group’s Indian subsidiary to 75 percent, the British drugmaker said yesterday. GlaxoSmithKline said in...

EBay rejects board nominees of Icahn 11 Mar 2014 - 01:24 am

New York: EBay Inc yesterday rejected activist investor Carl Icahn’s two nominees to its board, saying both were unqualified, and urged shareholders to...

Saudi retailer Alhokair eyes US, UK buys; plans debut sukuk 11 Mar 2014 - 01:24 am

DUBAI: Fawaz Abdulaziz Alhokair Co, the Saudi retailer which franchises brands such as Zara and Marks and Spencer in the kingdom, is studying...

Indonesia seeks primary dealer to build IILM sukuk market 11 Mar 2014 - 01:24 am

JAKARTA/SYDNEY: Indonesia’s central bank hopes to attract a local bank to sign up as primary dealer for short-term sukuk, or Islamic bonds, issued...

Budget surplus to reach QR40bn 10 Mar 2014 - 01:30 am

DOHA: Qatar’s budget surplus is expected to reach QR40bn by the end of the current fiscal. The surplus was QR27bn during the second...

Computer fair 10 Mar 2014 - 01:25 am

Pink umbrellas hang from the roof at the booth of German Telekom AG at the CeBit computer fair in Hanover yesterday. The world’s...

KEMCO to manage Tala Residence 10 Mar 2014 - 01:24 am

The team. DOHA: Mazaya Qatar Real Estate Development has appointed KEMCO Maintenance & Services, a subsidiary of KEMCO Group, to manage their first...

SEEF gets management certifications 10 Mar 2014 - 01:23 am

SEEF Ltd officials with IMS Project certifications. Doha: SEEF Ltd has celebrated its successful completion of IMS Project certification — ISO 9001:2008, Quality...

A golden car 10 Mar 2014 - 01:22 am

People look at a Carlsson CS50 Versailles edition at the Geneva Motor Show. German manufacturer Carlsson presents the world’s first car decorated with...

IBM strike shows growing labour activism in China 10 Mar 2014 - 01:22 am

IBM workers protesting at the gate outside the factory in Shenzhen. SHANGHAI: A wildcat strike at an IBM factory in southern China illustrates...

Deflation fears as China inflation drops 10 Mar 2014 - 01:21 am

An employee arranges stocks under price tags at a supermarket in China’s Huaibei yesterday as consumer prices rose two percent in February from...

Bond default 10 Mar 2014 - 01:19 am

An employee at the production line of Shanghai Chaori Solar Energy Science and Technology Co Ltd in Jiujiang. China recorded its first domestic...

Unilever buys stake in China water business 10 Mar 2014 - 01:17 am

THE HAGUE: Dutch food and cosmetics giant Unilever said yesterday it has bought a majority stake in Chinese water purification company Qinyuan in...

Positive mood continues at QE, index up 0.30pc 10 Mar 2014 - 01:16 am

Doha: Qatar Exchange pursued its upswing trend yesterday adding 35.01 points, or 0.30 percent to close at 11,642.04 points from 11,607.03 points on...

Mt Gox faced 150,000 attacks per second 10 Mar 2014 - 01:15 am

TOKYO: Bitcoin exchange Mt Gox faced massive hacker offensives last month, coming under some 150,000 distributed denial-of-service (DDoS) attacks per second for several...

LuLu Exchange, LOGOS ITS in deal 10 Mar 2014 - 01:14 am

Doha: LuLu Exchange, in association with Pearl Data Direct LLC, signed a contract with the Luxembourg-based LOGOS ITS to procure the iDETECT compliance...