Business

Mena pension fund to hit $5 trillion by 2020 13 Feb 2014 - 09:29 am

DOHA: Global assets under management (AuM) will exceed $100 trillion by 2020, with compound annual growth (CAGR) of nearly 12 percent for Middle...

China’s trade surplus surges 13 Feb 2014 - 09:28 am

BEIJING: China’s trade surplus surged in January, according to data showing exports strengthened markedly in a potentially brighter note for the world’s second-biggest...

Pressure mounts on Vodafone as Ono plans stock listing 13 Feb 2014 - 09:20 am

MADRID/LONDON: Spain’s largest cable operator, Ono, said it was pressing ahead with its plan for a stock market sale, putting pressure on Britain’s...

International Islamic focuses on local expansion 13 Feb 2014 - 06:15 am

Sheikh Dr Khalid bin Thani Al Thani (third left) and Abdul Basit Al Shaibie (centre) with other board members and officials at the...

Pressure mounts on Vodafone as Ono plans stock listing 13 Feb 2014 - 12:23 am

MADRID/LONDON: Spain’s largest cable operator, Ono, said it was pressing ahead with its plan for a stock market sale, putting pressure on Britain’s...

Qatar bourse index gains 91.35 points 13 Feb 2014 - 12:09 am

Doha: Qatar Exchange continued its upswing trend yesterday by adding 91.35 points (0.80 percent) to advance to 11,452.97 points from its previous closing...

Delhi plans to scrap $2bn tax dispute talks with Vodafone 13 Feb 2014 - 12:07 am

NEW DELHI: India plans to pull out of talks with Britain’s Vodafone Group Plc over a $2bn tax dispute, in a move that...

Thomson Reuters swings to loss in Q4 13 Feb 2014 - 12:06 am

NEW YORK: US media and financial information giant Thomson Reuters said yesterday it swung to a loss in the fourth quarter as it...

India industrial output shrinks again 12 Feb 2014 - 11:57 pm

NEW DELHI: India’s industrial output shrank by 0.6 percent in December in the third straight monthly contraction, data showed yesterday, piling pressure on...

H&M to open first Indian store in 2014 12 Feb 2014 - 11:57 pm

STOCKHOLM: Swedish fashion giant H&M said yesterday it will open its first Indian store in 2014, taking advantage of the opening-up of the...

Yellen vows to continue with tapering policy 12 Feb 2014 - 09:08 am

Chair of the Federal Reserve Janet Yellen prepares to testify at a House Financial Services Committee hearing on the Fed’s semi-annual Monetary Policy...

Asia-Pacific will be key driver of growth: Airbus 12 Feb 2014 - 09:04 am

Republic of Singapore Air Force (RSAF) F15-SG and F16D+ aircraft are displayed during the Singapore Airshow yesterday. SINGAPORE: Airbus claimed bragging rights as...

Nestle drops control option over L’Oreal, to sell shares 12 Feb 2014 - 09:03 am

A woman in front of the French cosmetics group L’Oreal’s building in Paris yesterday. PARIS: Swiss food giant Nestle is to sell a...

Michelin blames euro for profits dip 12 Feb 2014 - 08:52 am

PARIS: Tyre-making giant Michelin blamed a rise of the euro and flat markets for a profits plunge and weak sales in 2013, in...

India bank strike 12 Feb 2014 - 08:51 am

Deserted counters are seen inside a closed branch of State Bank of India (SBI) during nationwide two-day strike of bankers calling for a...

Metro earnings dip 12 Feb 2014 - 08:49 am

Shopping carts of Germany’s biggest retailer Metro AG are lined up at a Metro cash and carry market in Sankt Augustin near Bonn....

Dubai extends gains, other markets mixed 12 Feb 2014 - 08:41 am

DUBAI: Dubai’s bourse rose further yesterday after a choppy session as it tried to break free of the 4,000-point psychological resistance level, while...

Kuwait’s takaful firms struggle in crowded market 12 Feb 2014 - 08:39 am

KUWAIT: Kuwait’s first Islamic insurer was born 14 years ago, but its takaful firms are still struggling in a crowded market that faces...