Business

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...

Egypt PM expects IMF deal to be signed within two months 24 Oct 2016 - 11:04 pm

CAIRO: Egypt hopes to receive final approval for its $12 billion International Monetary Fund lending programme within two months, Prime Minister Sherif Ismail...

Ratan Tata back in hot seat as Indian giant dumps Mistry 24 Oct 2016 - 08:44 pm

Mumbai: Industrialist Ratan Tata sensationally returned to the helm of India's biggest conglomerate on Monday as Tata Sons dumped Cyrus Mistry as chairman...

Smartwatch sales tumble, dragged down by Apple 24 Oct 2016 - 08:39 pm

Washington: Global smartwatch sales slid 51.6 percent in the third quarter, amid a steep decline for the Apple Watch ahead of its updated...

India's Tata Sons dumps Cyrus Mistry as chairman 24 Oct 2016 - 03:55 pm

Mumbai: India's Tata Sons dumped Cyrus Mistry as its chairman in a surprise announcement Monday, almost four years after his appointment as the...

Iran to encourage OPEC members to join output freeze plan - IRNA 24 Oct 2016 - 10:44 am

DUBAI: Iran's deputy oil minister said on Monday that Tehran was ready to encourage other OPEC members to join a plan to freeze...

Oil market closest to rebalancing: Dr Al Sada 24 Oct 2016 - 04:12 am

DOHA: HE Dr. Mohammad bin Saleh Al Sada, Minister of Energy and Industry, has stated that the World oil market was currently closest...

IQ posts QR2.7bn net profit 24 Oct 2016 - 04:11 am

DOHA: Industries Qatar, one of the region’s industrial giants with interests in the production of a wide range of petrochemical, fertiliser and steel...

Qatar’s GDP grows 2.5% in second quarter this year 24 Oct 2016 - 04:09 am

DOHA: Qatar’s quarterly Gross Domestic Product (GDP) at constant prices rose 2.5 percent in the second quarter of 2016 compared to the first...

Egypt chases own energy sources to meet demand 24 Oct 2016 - 04:09 am

CAIRO: Egypt will boost production of natural gas to 5bn cubic feet per day in the 2017-2018 fiscal year as the giant Zohr...

Gulf Air increases Riyadh flights to 5 daily 24 Oct 2016 - 04:06 am

DOHA: Gulf Air, the national carrier of Bahrain, yesterday announced the upcoming increase of its flights to and from the Saudi capital city...

PayPal blames cyber attack for disruptions 24 Oct 2016 - 04:05 am

NEW YORK: PayPal Holdings Inc said on Friday that it has experienced some service disruptions due to the cyber attack on Dyn that...

Mannai’s 9-month net profit at QR343m 24 Oct 2016 - 04:04 am

DOHA: Mannai Corporation Group results for the third quarter of 2016 (Q3, 16) improved significantly to QR123m net profit, compared to QR103m for...

GBCQ meeting highlights QFC role 24 Oct 2016 - 04:04 am

DOHA: The German Business Council Qatar (GBCQ) organized a meeting at the InterContinental Doha The City in the presence of the German Ambassador...

QLC’s Rising Leaders engage with Japan firms 24 Oct 2016 - 04:02 am

DOHA: Qatar Leadership Centre’s (QLC) Rising Leaders engaged in a knowledge transfer exchange with professionals at prominent Japanese multinational companies. Participants visited the...

EMs falter as investors assess Fed impact 24 Oct 2016 - 04:01 am

SEOUL/LONDON: Emerging-market stocks fell, reducing their second weekly gain in October, and currencies declined as investors gauged whether further gains in developing-nation assets...

GCC liquidity crunch to further weigh on subdued economic growth 24 Oct 2016 - 04:00 am

DOHA: Tightening liquidity will continue to pose imminent challenges to GCC economies according to the latest CFA member societies survey, which gauged the...

Abu Dhabi Commercial Bank third quarter net profit falls 24 Oct 2016 - 03:59 am

ABU DHABI: Abu Dhabi Commercial Bank missed analysts’ forecasts, after posting a 17 percent fall in third-quarter profit yesterday, due to higher impairments...