Business

Nakilat holds shipping forum in London 26 Oct 2016 - 11:07 pm

DOHA: Owners of shipping companies shared ideas and their experience related to shipping operations in Qatar Project Shipping Forum (QPSF) organised in London...

QR8.8bn trade surplus in September 26 Oct 2016 - 11:06 pm

DOHA: Qatar’s Foreign Merchandise trade balance, which represents the difference between total exports and imports, reached a surplus of QR8.8bn in September 2016...

Apple iPhone sales fall but beat estimates 26 Oct 2016 - 11:05 pm

California: Apple Inc posted its third successive quarter of declining iPhone sales, sending shares slipping despite the promise of better-than-expected holiday sales. The...

Aamal’s net profit jumps 15.5% 26 Oct 2016 - 11:00 pm

DOHA: Aamal Company (Aamal), one of the fastest growing diversified companies in GCC, recorded a net profit of QR423.7m for the nine months...

GIS nine-month net profit at QR189m 26 Oct 2016 - 10:59 pm

DOHA: Gulf International Services (GIS), the largest services group in Qatar, with interests in a broad cross-section of industries, ranging from insurance, re-insurance,...

Gulf markets down on weak earnings; Qatar extends losing streak 26 Oct 2016 - 10:58 pm

DUBAI: Gulf stock markets saw lacklustre trade yesterday as low oil prices and weak earnings weighed on investor sentiment. Crude prices declined for...

Oil price declines weigh on falling European markets 26 Oct 2016 - 10:58 pm

LONDON: European shares fell yesterday maintaining a gloomy trend set in Asia and the United States, and with concerns about a global glut...

For Apple, surprise hunger for big phones leaves money on table 26 Oct 2016 - 12:37 pm

Apple Inc said it was caught off guard by how many people want to buy its biggest smartphone, the iPhone 7 Plus, and...

One Uruguay fish farm takes on world caviar market 26 Oct 2016 - 12:20 pm

Baygorria, Uruguay: Under the gray waters of a lake in deepest Uruguay lurks a slimy treasure. While many farmers here labor to produce...

Oil price declines weigh on European markets 26 Oct 2016 - 12:15 pm

LONDON: European shares fell on Wednesday maintaining a gloomy trend set in Asia and the United States, and with concerns about a global...

Genel Energy warns of lower-end 2016 revenue after weak production 26 Oct 2016 - 11:07 am

LONDON: Genel Energy, one of the main oil producers in Iraqi Kurdistan, warned on Wednesday its full-year revenue would be at the lower...

India's Tata in race against time to save global image 26 Oct 2016 - 10:46 am

Mumbai: India's largest conglomerate Tata faces one of the most turbulent periods in its long history after its shock decision to sack its...

FDI in GCC countries reaches $431bn in 2015 26 Oct 2016 - 03:33 am

DOHA: Foreign Direct Investments (FDIs) in GCC countries have increased manifold in the last 15 years. The FDI in the region has increased...

UDC third quarter revenues rise to QR1.3bn 26 Oct 2016 - 03:31 am

DOHA: Qatar’s leading developer United Development Company’s (UDC) revenues rose by 7 percent to QR1.3bn for the third quarter ended September 2016. The...

Banks’ credit surges by QR98.5bn: QCB 26 Oct 2016 - 03:29 am

DOHA: Qatar banks’ combined credit, both inside and outside the country, increased by QR98.5bn or 15.1 percent in 2015, as compared with the...

IEA: Output cut will rebalance oil market 26 Oct 2016 - 03:28 am

Singapore: The oversupplied oil market will be rebalanced earlier than expected if major crude producers implement a deal to cap output when they...

$15bn court settlement on Volkswagen row 26 Oct 2016 - 03:27 am

SAN FRANCISCO: A federal judge in San Francisco has approved a nearly $15bn court settlement of most claims against Volkswagen for its emissions-cheating...

Investcorp to buy 3iDM business 26 Oct 2016 - 03:24 am

DOHA: Investcorp, a leading provider and manager of alternative investment products, yesterday announced that it has agreed to acquire the debt management business...