Business

GCI deals drive QNB’s profit growth 03 Feb 2014 - 02:20 am

The Chairman of Qatar National Bank (QNB), H E Ali Sherif Al Emadi (centre), addressing the QNB Group Ordinary General Assembly at the...

QBA ready to support Cypriot companies 02 Feb 2014 - 01:56 am

Sheikh Faisal bin Qassim Al Thani, the Chairman of Qatari Businessmen’s Association (QBA), presenting a memento to Nicos Anastasiades, the President of the...

Walmart’s China plans 02 Feb 2014 - 01:54 am

A file picture of a Walmart store in Paramount, California. The world’s largest retailer said that it will tighten inspections on its suppliers...

Rabobank move 02 Feb 2014 - 01:53 am

An exterior view of the headquarters of the Rabobank in Utrecht, The Netherlands. Rabobank certificate holders voted overwhelmingly to change the bank’s cooperative...

QE tapering hits emerging markets 02 Feb 2014 - 01:52 am

Doha: Since the announcement by the US Federal Reserve (Fed) of the gradual reduction of its asset-purchasing programme — the so-called tapering of...

Malabar Gold opens Grand Mall outlet 02 Feb 2014 - 01:52 am

Officials at the opening ceremony of the outlet in Grand Mall. DOHA: Malabar Gold & Diamonds, the leading jewellery retailer, opened yet another...

Brazilian, Chilean banks to merge 02 Feb 2014 - 01:51 am

A man walks next to an office of bank Corpbanca in Santiago, Chile. Brazilian bank Itau Unibanco, the biggest private bank of its...

Iraq crude exports decline in January 02 Feb 2014 - 01:39 am

BAGHDAD: Crude exports from Iraq declined in January to an average of 2.228m barrels per day (b/d) but should rise next month, Oil...

Moody’s downgrades Ukraine 02 Feb 2014 - 01:37 am

WASHINGTON: Rating firm Moody’s on Friday downgraded Ukraine’s sovereign debt rating a notch, citing the country’s escalating political crisis and concerns about whether...

Bahrain plans to issue new takaful rules 02 Feb 2014 - 01:27 am

MANAMA: Bahrain’s central bank will release a new regulatory framework for Islamic insurance (takaful) this quarter, in an overhaul of standards which the...

Opec oil output rises in January: Survey 02 Feb 2014 - 01:27 am

LONDON: Opec’s oil output has risen in January from December’s two-and-a-half-year low, due to a partial recovery in Libyan supply and higher shipments...

Philippine GDP growth rises in ’13 02 Feb 2014 - 01:21 am

MANILA: The Philippines last quarter capped its strongest two years of growth since the 1950s, when the US ally enjoyed a post-war reconstruction...

Volatility hits commodities as Fed cuts stimulus 02 Feb 2014 - 01:16 am

LONDON: Commodity prices faced a choppy week as further stimulus tapering from the Federal Reserve and turmoil across emerging markets overshadowed solid fourth-quarter...

Peugeot family okays stake sale to Dongfeng, France 02 Feb 2014 - 01:16 am

PARIS: The Peugeot family, which controls Peugeot Citroen, has agreed to sell shares to Dongfeng Motor and the French state as part of...

For firms, a rocky road ahead in emerging markets 02 Feb 2014 - 01:16 am

CHICAGO/LONDON: International companies are taking steps to mitigate the effects of the turmoil in emerging markets, including hedging foreign currency exposure more aggressively,...

Ireland puts three former bankers on trial since crisis 02 Feb 2014 - 01:16 am

DUBLIN: Ireland put three former bankers on trial on Friday in its first such case since the financial crisis that forced it to...

Obama visits GE plant 31 Jan 2014 - 11:53 pm

US President Barack Obama tours General Electric’s Waukesha Gas Engines facility in Waukesha, Wisconsin.

South Africa cycle business 31 Jan 2014 - 11:53 pm

A bespoke bicycle shop called Whippet Cycles sells handmade bicycles in downtown Johannesburg, South Africa, yesterday. The Maboneng Precinct in the city has...