Business

German pharma giant Bayer bids to acquire Monsanto 19 May 2016 - 08:56 am

The logo of Bayer AG is pictured at the Bayer Healthcare subgroup production plant in Wuppertal February 24, 2014. REUTERS/Ina Fassbender/File Photo Berlin: ...

Wall Street closes mixed as Fed signals June rate hike 19 May 2016 - 08:34 am

Traders work on the floor of the New York Stock Exchange (NYSE) on May 17, 2016 in New York, New York. Expectations for...

FDI key to boosting non-oil sector: Arab ministers 19 May 2016 - 12:00 am

By Satish Kanady DOHA: The annual meeting of Arab Ministers of Finance held in Bahrain has stressed on the importance of attracting foreign...

Moody’s affirms ratings of QP and Industries Qatar 19 May 2016 - 12:00 am

DOHA: Moody’s Investors Service has confirmed the Aa2 issuer rating of Qatar Petroleum (QP) and Aa3 issuer rating of Industries Qatar (IQ) and...

Huawei showcases latest transport technology 19 May 2016 - 12:00 am

DOHA: Huawei wowed customers with its GSM-R offerings at an exhibition held last week at the Sheraton Grand Doha Resort & Convention Hotel....

Gulf Air marks 40th anniversary of service to Larnaca in Cyprus 19 May 2016 - 12:00 am

By Sidi Mohamed NICOSIA: Gulf Air, the Kingdom of Bahrain’s national carrier, recently celebrated the 40th anniversary of its direct operations from Bahrain...

Qatar Duty Free to showcase top watch brands 19 May 2016 - 12:00 am

DOHA: Qatar Duty Free’s luxury watch fair will showcase more than 600 internationally acclaimed timepieces in Hamad International Airport, throughout May and June...

Qatar Airways announces stake increase in IAG 19 May 2016 - 12:00 am

DOHA: Qatar Airways has announced that it has increased its shareholding in International Airlines Group (IAG) from just under 12 percent to 15.01...

Companies in Mideast suffered more losses due to cyber attacks 19 May 2016 - 12:00 am

Representative image. AFP / Photo Michal Cizek DOHA: Companies in the Middle East have suffered larger losses than other regions last year as...

Vodafone Qatar clarifies on asset write-off 19 May 2016 - 12:00 am

DOHA: In response to the media reports on Vodafone Qatar’s financial results , the telecom operator yesterday clarified that the write-off of assets...

Fitch rates Qatar’s upcoming USD bonds ‘AA(EXP)’ 19 May 2016 - 12:00 am

DOHA: Fitch Ratings has assigned Qatar’s upcoming USD-denominated senior unsecured bonds an expected rating of ‘AA(EXP)’. Qatar intends to use the proceeds from...

Qatargas & JERA agree on first spot LNG cargo to Japanese firm 19 May 2016 - 12:00 am

The LNG cargo for Japan’s newly established JERA Co Inc. DOHA: Qatargas Operating Company Limited (Qatargas) agreed with Japan’s newly established JERA Co...

Maersk Oil wins top award for Qatarisation 19 May 2016 - 12:00 am

The Minister of Energy and Industry, H E Dr Mohammed bin Saleh Al Sada (right), with Sheikh Faisal bin Fahad Al Thani (centre),...

QFB develops innovative banking platform 19 May 2016 - 12:00 am

QFB Chief Executive Officer Ziad Makkawi DOHA: Qatar First Bank (QFB), a leading Shari’ah compliant bank based in Qatar and listed on the...

LuLu Exchange opens third branch in Qatar 19 May 2016 - 12:00 am

Sheikh Hasan bin Khalid bin Hasan Al Thani inaugurating the 100th GCC branch of the Lulu Exchange at the Al Gharafa branch of...

Indian state banks post $2 billion loss as bad loans surge 18 May 2016 - 05:27 pm

By Rajhkumar K Shaaw Delinquent loans at Indian state banks are rising unabated. Seven Indian state-owned lenders have reported a combined losses of...