Business

Yahoo strikes $1.1bn Tumblr deal 21 May 2013 - 12:26 am

NEW YORK: Yahoo! unveiled its biggest deal yet under chief Marissa Mayer yesterday, snagging blogging platform Tumblr for $1.1bn in a move to...

Ex-Nokia staff launch smartphone 20 May 2013 - 11:51 pm

Sami Pienimaki, one of the founders of Jolla company, and his brother Tomi Pienimaki (right), the company’s CEO, present the new Jolla smartphone...

Arkan may sell $300m sukuk this week 20 May 2013 - 11:51 pm

DUBAI: Saudi developer Dar Al Arkan could raise around $300m through its first global debt issue in more than three years, aiming to...

Saudi to import near-record high diesel this summer 20 May 2013 - 11:50 pm

SINGAPORE/DUBAI: Saudi Arabia will import near record high diesel volumes this summer, as it gears up to beat the sweltering heat and meet...

Oil exports from Yemen rebound in first quarter 20 May 2013 - 11:50 pm

DUBAI: Yemen’s oil export volumes rose 14 percent in the first quarter of 2013, earning the government $35m more than in the same...

Hydrogen Highway woes 20 May 2013 - 11:22 pm

Mark Schultz, operations manager for HydraFLX, pumps fuel into a special hydro-cell vehicle at an alternative energy facility that converts solar and wind...

Qatari bourse index adds 55 points 20 May 2013 - 11:22 pm

Doha: Qatar’s main index rose for the second trading day yesterday, albeit marginally, after breaching the magical barrier of 9,000 points to a...

All eyes on Vodafone’s Colao for signs on Verizon Wireless 20 May 2013 - 11:22 pm

LONDON: After months of speculation, Vodafone’s Vittorio Colao will be under pressure next week to set out whether he may sell its prized...

Taqa looking at share options after dual listing report 20 May 2013 - 11:21 pm

ABU DHABI: Abu Dhabi National Energy Company (Taqa) said yesterday it was looking at ways to improve the liquidity of its shares but...

Danone to ramp up presence in China 20 May 2013 - 11:21 pm

PARIS: French food industry group Danone said yesterday it is ramping up its presence in the growing Chinese market for dairy products with...

India’s Just Dial launches IPO 20 May 2013 - 11:20 pm

NEW DELHI: India’s Just Dial search engine launched yesterday an initial public offer to raise up to $174m, marking the biggest share offering...

India seeks Qatari investment in $1tr infrastructure sector 19 May 2013 - 11:42 pm

DOHA: India is soliciting cash-rich Qatar’s active participation in infrastructure development projects as the South Asian nation hopes to invest an incredible $1...

Qatar’s GDP to grow by 5-6pc: Barclays 19 May 2013 - 11:41 pm

DOHA: Taking stock of the latest data released about Qatar’s sovereign and banking sector outlook, the Qatari economy is likely to perform “better...

Msheireb Properties awards QR2.5bn deal 19 May 2013 - 11:40 pm

Work in progress at Msheireb Downtown Doha development. DOHA: Msheireb Properties, Qatar’s leading sustainable real estate developer, has awarded worth QR2.5bn construction contract...

UAE growth at fastest rate since 2006 19 May 2013 - 11:40 pm

DUBAI: Economic growth in the United Arab Emirates accelerated to 4.4 percent in inflation-adjusted terms in 2012, the fastest clip since 2006, as...

Board members discuss Barwa Bank’s growth 19 May 2013 - 11:38 pm

Chairman addressing the board members and executive management during the meeting. DOHA: The new members of the board of Barwa Bank Group held...

Sluggish growth of global economy to continue: Analysts 19 May 2013 - 11:35 pm

LONDON: This week offers the first major gauge of the health of the global economy for May, with big implications for policymakers and...

Commercialbank hosts CEOs of alliance banks 19 May 2013 - 10:50 pm

The chief executive officers during the meeting in Istanbul. DOHA: The Group CEO of Commercial Bank of Qatar (Commercialbank), Andrew Stevens, recently hosted...