Business

Strong electric toothbrush sales boost P&G earnings 25 Oct 2016 - 02:53 pm

New York: Strong sales of electric toothbrushes and other health care products helped Procter & Gamble report better-than-expected quarterly earnings on Tuesday. The...

IBM apologises for Australian e-census bungle, setting off blame game 25 Oct 2016 - 08:33 am

SYDNEY: International Business Machines Corp said on Tuesday it plans to compensate the Australian government for a "malicious" cyber-attack that shut down a...

QIIB records QR666.4m net profit in Q3 25 Oct 2016 - 01:10 am

DOHA: Leading Islamic lender QIIB recorded a net profit of QR666.4m in third quarter of 2016 (Q3, 16), up 1.5 percent, compared to...

‘Acute need to rebalance oil market’ 25 Oct 2016 - 01:08 am

Vienna: Russian Energy Minister Alexander Novak (pictured) warned yesterday there was an “acute need” to rebalance the oil market and help ease price...

IMF acclaims Qatar’s strategy to diversify financing sources 25 Oct 2016 - 01:06 am

DOHA: Qatar’s plans to chart a course towards diversifying its financing sources has been well-appreciated by the International Monetary Fund (IMF). Commenting on...

Blockchain can transform financial sector: Report 25 Oct 2016 - 01:02 am

DOHA: Blockchain technologies have the potential to revolutionise the rapidly growing financial services sector in Qatar and the broader GCC region, according to...

Malaysian minister visits Doha 25 Oct 2016 - 01:01 am

The Malaysian Minister of International Trade and Industry, Dato Mustapha Mohamed (right), Ambassador of Malaysia to Qatar, Ahmed Jazri Mohamed Johar (second left),...

Qatar leads region’s outbound M&A activity 25 Oct 2016 - 01:00 am

DOHA: Qatar has led the Middle Eastern region both in terms of outbound M&A activity and debt issuance during the first nine months...

Axco debuts in Mena market 25 Oct 2016 - 12:58 am

DOHA: Axco Insurance Information Services (Axco), the world’s leading provider of business intelligence and information services to the insurance industry, yesterday announced its...

Deyaar Q3 net profit rises 22.5% 25 Oct 2016 - 12:57 am

DUBAI: Dubai’s Deyaar Development reported a 22.5 percent rise in third-quarter net profit yesterday as revenue surged. The company made a profit of...

QIMC’s 9-month net profit at QR163m 25 Oct 2016 - 12:56 am

DOHA: Qatar Industrial Manufacturing Company (QIMC) has posted a net profit of QR163m for the first nine months of this year, against QR135...

Oil prices fall as Iraq resists joining Opec deal to cut production 25 Oct 2016 - 12:55 am

LONDON: Oil prices fell yesterday as Iraq said it wanted to be exempt from an Opec deal to cut production, though losses were...

Wallonia holds out against Canada trade pact 25 Oct 2016 - 12:52 am

Brussels: A small Belgian region refused yesterday to bow to growing pressure to back a key trade deal with Canada, heightening tensions within...

Gold price steadies in line with dollar 25 Oct 2016 - 12:50 am

LONDON: Gold steadied yesterday in line with the dollar as uncertainty over the timing of a US interest rate hike hemmed prices into...

Only AT&T approached with offer: Time Warner CEO 25 Oct 2016 - 12:49 am

Los Angeles: Time Warner Inc Chief Executive Jeff Bewkes said yesterday that AT&T Inc was the only company to make a takeover approach...

Samsung offers upgrade programme for Note 7 customers in South Korea 25 Oct 2016 - 12:47 am

SEOUL: Samsung Electronics is offering an upgrade programme option to Galaxy Note 7 customers in South Korea who trade in their recalled device...

Saudi shares bounce; Qatar index drops 0.3% 25 Oct 2016 - 12:44 am

DUBAI: Saudi Arabia’s stock market closed higher for a fourth straight session yesterday after last week’s mega international bond sale by the government...

China Oceanwide to buy Genworth for $2.7bn 25 Oct 2016 - 12:42 am

HONG KONG: China Oceanwide Holdings Group Co has agreed to buy US insurer Genworth Financial Inc for $2.7bn in cash, the latest in...