Business

Business conditions continue to improve in June: QFC Qatar PMI 05 Jul 2018 - 12:11 am

DOHA: Continuing the run of growth seen since August last year, the latest headline QFC Qatar PMI remained in expansion territory during June...

QCB sees rapid increase in QDB’s high-quality capital 05 Jul 2018 - 12:11 am

DOHA: The total assets of Qatar Development Bank (QDB) have increased to QR10.2bn in 2017, from QR9bn recorded a year ago. As in...

Commercial Bank extends ‘60 seconds’ remittances 05 Jul 2018 - 12:11 am

DOHA: Commercial Bank has extended its best in class ‘60 seconds’ online remittances to Nepal and Pakistan. Customers can now send money home...

Apicorp concludes exit of National Petroleum Services 05 Jul 2018 - 12:11 am

DOHA: The Arab Petroleum Investments Corporation (Apicorp) yesterday announced that it has completed the sale of its 29 percent equity investment in National...

Uganda leader says social media used for "lying", defends tax for access 04 Jul 2018 - 10:44 pm

KAMPALA: Uganda's President Yoweri Museveni has defended the country's new social media tax, saying Ugandans were using such platforms for "lying", and squandering...

Is Bitcoin creator writing a book? cryptic note indicates yes 04 Jul 2018 - 10:41 pm

Is the unknown creator of Bitcoin writing a book about it? That could be concluded from a cryptic message posted Friday at a...

Mexico's business bosses praise Lopez Obrador after testy campaign 04 Jul 2018 - 10:25 pm

MEXICO CITY: Mexico's business elite had warm words for president-elect Andres Manuel Lopez Obrador on Wednesday after he assured them he respected private...

Mexico's president-elect does not rule out medical opium sales: aide 04 Jul 2018 - 10:18 pm

MEXICO CITY: Mexico's president-elect, Andres Manuel Lopez Obrador, is not closed to the idea of selling opium for pharmaceutical use, a senior aide...

Africa's largest data-center firm plans $73 million investment 04 Jul 2018 - 08:08 pm

Teraco Data Environments Pty Ltd. plans to invest about 1 billion rand ($73 million) as Africa’s largest data-center operator expands infrastructure to meet...

Merkel warns against trade war as Trump takes aim at cars 04 Jul 2018 - 08:01 pm

Berlin: German Chancellor Angela Merkel on Wednesday warned US President Donald Trump against unleashing an all-out trade war after he threatened to impose...

Uber returns to Finnish roads after taxi market deregulation 04 Jul 2018 - 07:50 pm

HELSINKI: Uber Technologies will re-start its ride-hailing business in Finland on Wednesday after a one-year pause, it said, seeking to benefit from the...

Poor countries face $168 billion interest bill due to climate change 04 Jul 2018 - 07:45 pm

LONDON: Poor countries could have to pay up to $168 billion more in interest over the next decade as extreme weather events brought...

Global trade disputes value at $31bn 04 Jul 2018 - 12:43 am

DOHA: Sheikh Dr. Thani bin Ali Al Thani, member of the International Court of Arbitration of the International Chamber of Commerce (ICC), said...

Uganda defends introduction of social-media tax after outcry 03 Jul 2018 - 08:49 pm

Ugandan authorities defended the introduction of a tax on users of social-media such as Facebook and Twitter, saying the revenue is necessary to...

Tata Mulls Folding Food Businesses Into Single Company 03 Jul 2018 - 06:02 pm

Tata Group, India’s biggest conglomerate, is evaluating a proposal to integrate its food and beverage businesses into a single company, people with knowledge...

Ahlibank announces winners of Al Rabeh savings scheme 03 Jul 2018 - 12:34 am

DOHA: Ahlibank’s Al Rabeh Savings Scheme QR1,000,000 (QR1m) prize draw winner for June 2018 has been named as Khalifa A Rahman A Buhamaid,...

Qatar’s PPI edges up in May 2018 03 Jul 2018 - 12:34 am

DOHA: Ministry of Development Planning and Statistics (MDPS) has released the Monthly Producer Price Index (PPI) of the Industrial sector for May 2018....

Qatar banks’ real estate credits slip by QR1.3bn 03 Jul 2018 - 12:34 am

DOHA: Qatar banks’ total domestic loans and credit facilities to the local private sector has increased by QR4bn to QR488bn in May, compared...