Business

Qatar keen to welcome Palestinian investments 26 Jul 2013 - 02:21 am

Nasser Al Meer (middle), Board Member of Qatar Chamber, with other participants at the seminar. BY MOHAMMAD SHOEB DOHA: Small investments can make...

Strong Q2 earnings 26 Jul 2013 - 02:20 am

A United Airlines 747 arrives at San Francisco International Airport in San Francisco, California, yesterday. United Continental Holdings, the parent company of United...

QE hits fresh 52-week high, bourse adds 1.52pc 26 Jul 2013 - 02:19 am

DOHA: Qatar Exchange index added 0.46 percent after a one-session decline to hit another 52-week high yesterday. The index rose 44.58 points to...

Energy City Qatar in early settlement of $185m loan 26 Jul 2013 - 02:19 am

DOHA: Energy City Qatar (ECQ), provider of an integrated set of services to real estate sector, recently made an early settlement of $185m...

Mitsubishi recalls 650,000 cars in Japan on fire risk 26 Jul 2013 - 02:19 am

TOKYO: Mitsubishi Motors yesterday recalled more than 650,000 small cars sold in Japan over a possible fire risk. The recall covers three models,...

US stocks close higher as Facebook soars 30pc 26 Jul 2013 - 02:17 am

Brand new Chevrolet cars are displayed at a Chevrolet showroom in Colma, California. General Motors reported a 19 percent drop in second quarter...

BlackBerry cuts 250 jobs 26 Jul 2013 - 02:17 am

OTTAWA: Struggling smartphone maker BlackBerry has fired 250 employees in a new product testing division at its Canadian headquarters, a spokeswoman said yesterday....

GM profits, revenue beat forecasts 26 Jul 2013 - 02:17 am

NEW YORK CITY: General Motors yesterday reported better-than-expected profit and revenue for the second quarter on strong US demand and shrinking losses in...

Qatar Luxury Group to launch first boutique 26 Jul 2013 - 02:16 am

DOHA: Qatar Luxury Group will launch the first boutique for its luxury brand Qela in Doha in late September, selling leather goods, shoes,...

Statoil profit falls on lower oil, gas prices 26 Jul 2013 - 02:16 am

OSLO: State-backed Norwegian oil giant Statoil said yesterday that second-quarter profit fell more than expected due to sliding oil and gas prices and...

UK builds on economic recovery 26 Jul 2013 - 02:16 am

LONDON: Britain’s economic recovery accelerated in the second quarter, official data showed yesterday, but finance minister George Osborne insisted that the government would...

New Nexus 7 tablet 25 Jul 2013 - 01:35 am

The new Nexus 7 tablet is demonstrated in San Francisco, California, yesterday. Google Inc showcased a new Nexus 7, a slimmer version of...

IMF sees Saudi jobs challenge 25 Jul 2013 - 01:35 am

WASHINGTON: Saudi Arabia may not be able to create all the private sector jobs it needs for its rapidly growing population, which could...

Fitch affirms Qatar Real Estate Investment Company’s ratings 25 Jul 2013 - 01:35 am

DOHA: Fitch Ratings has affirmed Qatar Real Estate Investment Company’s (Alaqaria) Long-term Issuer Default Rating (IDR) and senior unsecured rating at ‘BBB+’, and...

Sudan currency falls to record low 25 Jul 2013 - 01:34 am

KHARTOUM: Sudan’s currency has fallen to a record low against the dollar on the black market since South Sudan started reducing cross-border oil...

Facebook revenue rises 25 Jul 2013 - 01:34 am

SAN FRANCISCO: Facebook surprised Wall Street with stronger-than-expected earnings for the second quarter yesterday on a sharp rise in revenues, sparking a 16...

UK police probe Shell, ENI in Nigerian oil block deal 25 Jul 2013 - 01:33 am

LAGOS: British police are investigating a money-laundering allegation related to a big oil field bought by Shell and ENI from Nigeria for $1.3bn,...

Biden urges India to open up to US firms 25 Jul 2013 - 01:32 am

US Vice President Joe Biden (second right) talks while Chairman of Indian Software firm Wipro, Azim Premji (left), Boeing India President Pratyush Kumar...