Business

Samsung, Hyundai bosses quizzed in S. Korea scandal probe 13 Nov 2016 - 11:30 am

Seoul: South Korean prosecutors investigating a corruption scandal engulfing President Park-Geun Hye have quizzed Samsung group scion and the chairman of Hyundai Motor,...

Once critical, Gulf executives want to do business with Trump 13 Nov 2016 - 11:13 am

DUBAI: Gulf executives who were upset by Donald Trump's campaign trail comments about Muslims took a conciliatory tone following his election victory and...

Emerging market weakness, lower oil may hit regional shares 13 Nov 2016 - 08:52 am

DUBAI: Stock markets in the Middle East may pull back on Sunday in line with other emerging market equities, while a retreat in...

Commercial Bank announces winners of summer campaign 12 Nov 2016 - 09:07 pm

Commercial Bank yesterday announced the winners of its summer campaign rewarding customers for using their Debit Cards when travelling overseas. Customers who used...

QNB’s Career Day attracts Qatari talent 12 Nov 2016 - 08:53 pm

QNB Group’s ‘Career Day’ attracted a large number of Qatari talents, yesterday. The annual event comes within the Bank’s commitment to nurture the...

Ocean LNG signs SPA with Brazil-based CELSE 12 Nov 2016 - 08:29 pm

Qatar Petroleum (QP) President and CEO, Saad Sherida Al-Kaabi hosted a signing ceremony for a long-term LNG sale and purchase agreement (SPA) between...

IMF approves $12 bn loan to support Egypt's economy 12 Nov 2016 - 09:09 am

Washington: The International Monetary Fund on Friday approved a three-year, $12 billion loan for Egypt to help the country recover from its economic...

Mexico's peso plummets to new low on Trump effect 12 Nov 2016 - 08:59 am

Mexico City: The Mexican peso endured one of its worst week in two decades, falling to a new record low on Friday over...

Internal audit delivers value to firms 12 Nov 2016 - 12:29 am

Internal audit functions that have very effective leadership perform better and add greater value to their businesses, according to a new report by...

Pension industry needs long-term reforms 12 Nov 2016 - 12:28 am

The GCC region’s pension industry badly needs long-term reforms to make the industry sustainable. To address the concerns over the sustainability of the...

Qatar one of world’s most tax-friendly jurisdictions 10 Nov 2016 - 10:40 pm

Businesses in Qatar have started preparing for the introduction of VAT (value-added tax) from January 2018. However, despite the proposed new tax revenue...

From avocados to autos, Mexican businesses fear tough times with Trump 10 Nov 2016 - 09:52 pm

TIJUANA, Mexico/MEXICO CITY: From avocado orchards to border factories, Mexican exporters who have prospered under two decades of NAFTA face the prospect of...

Analysis: Investors, economists brace for new dangerous game: parsing Trump’s words 10 Nov 2016 - 09:43 pm

NEW YORK: Move over, Janet Yellen. The Federal Reserve chief has a challenger for the title of speaker most scrutinized by Wall Street,...

Saudi working to pay 'billions' owed to private firms 10 Nov 2016 - 09:12 pm

Riyadh: Saudi Arabia is working to pay billions of dollars owed to private firms after oil revenues collapsed, the kingdom's new finance minister...

Egypt set to receive 1st tranche of IMF loan 10 Nov 2016 - 03:57 pm

CAIRO: Egypt will likely receive the first tranche of a $12-billion loan from the International Monetary Fund -- $2.75 billion -- next week,...

Tough reality check for Trump’s pledge of better heartland jobs, wages 10 Nov 2016 - 03:39 pm

CHARLOTTE, North Carolina: Donald Trump’s promise to revive small town America faces a tough challenge in an economy that for decades has been...

Abu Dhabi fund Mubadala may invest in Russian vegoil, rice firms 10 Nov 2016 - 03:29 pm

MOSCOW: Abu Dhabi state investment vehicle Mubadala Development Co may invest in a vegetable oil producer and a rice producer in Russia, a...

Oil dips on rising crude inventories after Trump's shock victory 10 Nov 2016 - 09:09 am

SINGAPORE: Oil prices dipped on Thursday, pulled down by rising U.S. crude inventories and as markets tried to interpret U.S. President-elect Donald Trump's...