Business

Hammond rules out emergency British budget 15 Jul 2016 - 01:02 am

Britain’s Chancellor of the Exchequer Philip Hammond (right) meets US Treasury Secretary Jack Lew in 11 Downing Street, London, yesterday. London: Britain’s new...

Messaging app Line rockets 40% in US debut 15 Jul 2016 - 01:02 am

Japan’s Line Corp CFO In Joon Hwang (centre) rings the bell as Chief Strategy and Marketing Officer Jun Masuda (right) and other officers...

Greece accepts Italian €45m offer for rail operator privatisation 15 Jul 2016 - 01:01 am

A woman passes the Thessaloniki railway station, the largest in Greece, yesterday. Athens: Greece’s privatisation agency Taiped yesterday said it had accepted a...

Qatar Airways to buy 49 percent of Italy's Meridiana 14 Jul 2016 - 05:37 pm

(Photo: AFP) DOHA: Qatar Airways is to buy 49 percent of Meridiana in a move that could bolster the Italian carrier's ability to...

‘Hospitality Qatar 2016’ to begin on October 18 14 Jul 2016 - 03:33 pm

DOHA: Experts and stakeholders from Hospitality and Hotels, Restaurants and Cafes (HORECA) sectors are set to attend ‘Hospitality Qatar 2016’ exhibition which will...

Oil bounces after big losses but glut persists 14 Jul 2016 - 11:17 am

(A view of an oil refinery off the coast of Singapore, March 14, 2008. REUTERS/Vivek Prakash/File Photo) By Christopher Johnson LONDON: Oil prices...

Nakilat posts QR501m net profit for first half 14 Jul 2016 - 01:04 am

Nakilat Managing Director Abdullah Fadhalah Al Sulaiti DOHA: Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, recorded a net profit...

Mideast’s record output consolidates Opec share 14 Jul 2016 - 12:56 am

By Satish Kanady DOHA: Oil output from the Middle East rose to a record high in June, with production rising above 31 million...

Machinery & Equipment Price Index declines by 0.78% 14 Jul 2016 - 12:50 am

By Mohammad Shoeb DOHA: The Machinery & Equipment Price Index (MEPI) for the first six months of 2016 (first half), which reached 101.4...

Bank of England readies new blast of QE for post-Brexit Britain 14 Jul 2016 - 12:00 am

Bank of England poised to announce new round of bond buys BoE could adapt QE to combat fallout from Brexit vote ECB-style purchases...

Airbus slashes A380 superjumbo output 13 Jul 2016 - 04:06 pm

The Airbus Industrie A380 aircraft performs a manoeuvre during its display at the 2014 Farnborough International Airshow in Farnborough, southern England July 14,...

Indian coal firm violates community rights: Amnesty 13 Jul 2016 - 03:33 pm

Workers drill at an open cast coal field at Dhanbad district in Jharkhand. (file photo/ Reuters) New Delhi: India's state-controlled coal firm routinely...

Germany issues 10-year bond at negative interest rate for first time 13 Jul 2016 - 12:50 pm

Security features of the new 50 euro banknote are shown during it's presentation by the German Bundesbank in Frankfurt, Germany, July 13, 2016....

Airbus bags Asian deals as Farnborough struggles to take off 13 Jul 2016 - 11:46 am

The Airbus A350 jet airliner takes part in a flying display at the Farnborough Airshow, south west of London, on July 12, 2016....

IEA says oil glut remains a major dampener on prices 13 Jul 2016 - 10:56 am

A worker stands near the oil refinery Camilo Cienfuegos in Cienfuegos in this December 20, 2007 file picture. (REUTERS/Claudia Daut/File) LONDON: The global...

QNB net profit surges 12% to QR6.2bn 13 Jul 2016 - 01:00 am

The QNB headquarters in Doha. By Satish Kanady DOHA: QNB Group, the region’s largest lender, reported a 12 percent year-on-year increase in its...

INSHA wins Barwa’s QR99.85m Madinat Al Mawater Phase I works 13 Jul 2016 - 12:57 am

By M.V.A. Kumar DOHA: Barwa Real Estate yesterday announced that the QR99.85m construction contracts for Phase I of Madinat Al Mawater project had...

Qatar Airways to acquire up to 10% of LATAM Airlines 13 Jul 2016 - 12:51 am

By Mohammad Shoeb DOHA: Qatar Airways and Latin America’s leading airline group, LATAM Airlines Group S.A., have entered into a subscription agreement providing...