Business

$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...

Oversupply weighs on office market 26 Oct 2016 - 03:22 am

DOHA: The office market segment in Qatar’s real estate sector continued to struggle over the summer months as demand has been largely limited...

Gulf Air & Swissport subsidiary sign ground handling contract 26 Oct 2016 - 03:21 am

DOHA: Gulf Air, the national carrier of the Kingdom of Bahrain has signed a ground handling services contract with Swissport Saudi Arabia, a...

Qatar First Bank receives ‘Best Up-and-Coming Islamic Financial Institution’ award 26 Oct 2016 - 03:18 am

DOHA: Qatar First Bank (QFB), a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange (QSE), along with...

Iraq seeks deal to preserve oil output 26 Oct 2016 - 03:17 am

BAGHDAD: Iraq told a top Opec official yesterday of its hope that the group could reach a deal to lift oil prices while...

NREC has not committed to new financing 26 Oct 2016 - 03:17 am

DUBAI: Kuwait’s National Real Estate Company (NREC) in a bourse statement yesterday said it has not committed to any new fundraising activity. The...

Kyushu skyrockets on Tokyo debut 26 Oct 2016 - 02:05 am

Tokyo: Japan’s Kyushu Railway rocketed yesterday as the former state-owned firm made its trading debut in Tokyo after scoring one of this year’s...

Ratan Tata vows stability after sacking Cyrus Mistry 26 Oct 2016 - 02:02 am

Mumbai: Family patriarch Ratan Tata sought to reassure rattled investors of stability at India’s biggest conglomerate yesterday after the sudden sacking of chairman...

€2.8bn Eurozone bailout for Greece 26 Oct 2016 - 02:01 am

Luxembourg: Eurozone officials announced yesterday they have approved ¤2.8bn for Greece from its huge third bailout after the cash-strapped nation delivered the needed...

Europe must delay trade pact summit: Schulz 26 Oct 2016 - 01:57 am

Frankfurt: Europe must delay a summit this week when EU leaders hoped to sign the hotly-contested CETA free-trade deal with Canada, European Parliament...

Oil edges up ahead of US crude inventory data release 26 Oct 2016 - 01:56 am

LONDON: Oil edged up yesterday ahead of the release of US crude inventory data, which in recent weeks has provided bullish surprises, but...

Samsung takes another hit over lawsuit 26 Oct 2016 - 01:55 am

SEOUL: A South Korean law firm said yesterday that it expected thousands more people to join a class action lawsuit seeking compensation from...

Caterpillar earnings fall 26 Oct 2016 - 01:55 am

NEW YORK: Heavy equipment maker Caterpillar Inc yesterday said its earnings had again fallen sharply in the third quarter as the company grappled...

Thai economy on track for 3.2% growth in 2016 26 Oct 2016 - 01:53 am

BANGKOK: Thailand’s economy is on track to grow 3.2 percent this year and next and there is no need for further monetary policy...

Banking shares buoy Saudi; Qatar index edges down 26 Oct 2016 - 01:52 am

DUBAI: Banking shares boosted Saudi Arabia’s stock market yesterday while the majority of other Gulf markets sagged on uninspiring quarterly results. In Qatar,...

Moscow airport announces $865mn expansion ahead of World Cup 25 Oct 2016 - 05:24 pm

Moscow: Moscow's Sheremetyevo airport, the largest in Russia, has invested $865 million into building a new terminal and expanding its operations ahead of...