Business

AT&T-Time Warner deal sparks calls for scrutiny in Washington 23 Oct 2016 - 10:07 pm

WASHINGTON: AT&T Inc’s agreement to acquire Time Warner Inc for $85 billion drew skepticism from both Democrats and Republicans on Sunday, making it...

Tea Drinkers Forfeit Sugar in Egypt Amid Currency Shortage 23 Oct 2016 - 05:43 pm

Laila El-Sayed spent her afternoon searching grocery stores in Cairo’s bustling Dokki district on the banks of the Nile River for one thing:...

INSIGHT: Egyptians losing patience with Sisi as economy deteriorates 23 Oct 2016 - 05:33 pm

CAIRO: A cartoon which appeared on social media shows a drowning Egyptian, only his hand protruding from the depths, waving for help. The...

Oil price down cycle 'nearing end': Saudi minister 23 Oct 2016 - 04:47 pm

Riyadh: Saudi Oil Minister Khalid al-Falih said Sunday that the current down cycle of crude prices is close to an end as market...

Italy warns of disaster if Europe rejects its budget 23 Oct 2016 - 03:08 pm

MILAN: Italy's economy minister said on Sunday the European Union must choose between allowing Rome to raise its deficit to cope with a...

Ministry of Economy recalls 2014- 2016 GMC vehicles 23 Oct 2016 - 11:12 am

Doha: The Ministry of Economy and Commerce, in cooperation with Al Mannai Company, GMC cars' dealer in Qatar, has recalled 2014- 2015 models...

Afghan opium cultivation jumps 10% in 2016, UN says 23 Oct 2016 - 10:19 am

Kabul: Afghanistan saw a 10 percent jump in opium cultivation this year, a sharp rise owing to bumper yields, collapsing eradication efforts amid...

Reebok starts making shoes in US again 23 Oct 2016 - 09:45 am

New York: Sports equipment manufacturer Reebok is bringing some of its shoemaking back to the United States, unveiling plans to open a new...

Saudi Aramco denies bidding for Lyondell's Houston refinery 23 Oct 2016 - 08:47 am

DUBAI: Saudi Arabian state oil giant Saudi Aramco denied on Sunday it had bid for the purchase of LynodellBasell Industries NV's refinery in ...

Indonesian nationalism takes a bite out of Apple 23 Oct 2016 - 06:59 am

Jakarta: Apple is battling to gain a foothold in Indonesia after nationalistic regulations hit the US tech giant's efforts to compete in the...

It is EU’s ‘job’ to save trade pact: Canada 23 Oct 2016 - 12:00 am

Brussels: Canada turned up the heat on the EU yesterday, saying it was the bloc’s “job” to save a trade pact put in...

AT&T agrees to buy Time Warner for $85bn 22 Oct 2016 - 11:55 pm

NEW YORK: AT&T Inc has reached an agreement in principle to buy Time Warner Inc for about $85bn, sources said yesterday, paving the...

OCP and Kribhco to develop NPK fertiliser plant in India 22 Oct 2016 - 11:54 pm

NEW DELHI: OCP and Kribhco are pleased to announce that they are entering into a 50:50 joint venture to develop a large-scale greenfield...

Microsoft’s latest quarter profit tops as stock lifted high 22 Oct 2016 - 11:53 pm

SAN FRANCISCO: Microsoft’s focus on business software and online services paid off with a surprisingly high profit in its latest quarter, putting its...

S&P raises France’s rating outlook 22 Oct 2016 - 11:52 pm

PARIS: Ratings firm Standard & Poor’s raised yesterday its outlook on France’s long-term sovereign credit rating to “stable” from “negative”, a move hailed...

Mediterranean meeting to begin in Nov 22 Oct 2016 - 11:51 pm

ANKARA: The focus will be on recent sociopolitical changes in the Mediterranean region as well as the private sector’s role in stability and...

Mediterranean meeting to begin in Nov 22 Oct 2016 - 11:50 pm

ANKARA: The focus will be on recent sociopolitical changes in the Mediterranean region as well as the private sector’s role in stability and...

Bombardier to cut 7,500 jobs by end-2018 22 Oct 2016 - 11:49 pm

PARIS: Canada’s Bombardier said yesterday it was cutting around 7,500 jobs by the end of 2018 as the aircraft and train manufacturer tries...