Business

Qatar financial markets back in action today 29 Sep 2015 - 12:19 am

BY SACHIN KUMAR DOHA: Financial markets in Qatar will be back in action today after remaining close for around a week. Qatar Exchange...

Apple sells record 13m iPhones in weekend launch 29 Sep 2015 - 12:17 am

Apple’s new iPhone 6s and 6s Plus on display in San Francisco, California. Washington: Apple said yesterday it sold 13 million of its...

China growth worry drags down stocks 29 Sep 2015 - 12:16 am

Pedestrians pass before a share prices board in Tokyo yesterday as shares closed 1.32 percent lower. NEW YORK: Global equity markets and commodities...

Germany launches criminal probe against VW’s ex-CEO 29 Sep 2015 - 12:15 am

Frankfurt: German prosecutors yesterday announced a criminal investigation against Volkswagen’s former chief executive as the government pressed the embattled auto giant to resolve...

Burger King in talks to gobble up France’s Quick 29 Sep 2015 - 12:14 am

Paris: The majority shareholder of Burger King restaurants in France said yesterday it was in exclusive talks to buy the 509 outlets of...

Overcapacity weighing down Mena insurers 29 Sep 2015 - 12:07 am

DOHA: The influx of reinsurance capacity in the Mena region and the prevailing competitive market conditions has started putting pressure on the technical...

Shell halts controversial Arctic exploration 29 Sep 2015 - 12:05 am

Shell Oil’s Polar Pioneer rig platform used in drilling operations in Alaska. London: Royal Dutch Shell said yesterday it was halting its search...

Indonesia hopes rejoining Opec will help ease reliance on traders 29 Sep 2015 - 12:00 am

JAKARTA: Indonesia hopes its return to Opec in December will bring Asia’s top oil importer closer to the world’s main oil producers and...

Porsche unveils new 911 Carrera models 29 Sep 2015 - 12:00 am

Doha: The 911 has been the world’s best-selling sports car for decades. Now a new generation of Porsche’s iconic models (pictured) has arrived...

Glencore slumps 30pc as debt fears grow; UK mining index dips 29 Sep 2015 - 12:00 am

LONDON: Glencore shares tumbled more than 30 percent to an all-time low yesterday on fears that the mining and trading company was not...

Alcoa to split into two companies; shares surge 29 Sep 2015 - 12:00 am

Workers from the Alcoa aluminium refinery at the Point Henry plant in Geelong, south of Melbourne, Australia. CHICAGO: Alcoa Inc said yesterday it...

Qatar Investment Authority opens New York office; commits $35bn 28 Sep 2015 - 06:50 pm

Qatar Investment Authority logo BY SATISH KANADY DOHA: The Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, yesterday...

Real estate transaction value hits QR45.9bn 28 Sep 2015 - 02:03 am

BY MOHAMMAD SHOEB DOHA: The combined value of Qatar’s real estate transactions over the past nine months hit a record QR45.9bn ($12.6bn), a...

Volkswagen ignored warnings on ‘illegal’ cheat software 28 Sep 2015 - 02:02 am

A Volkswagen bus from the Porsche museum is displayed during the Porsche Rennsport Reunion V at Laguna Seca Raceway in California. Berlin: Volkswagen...

Housing squeeze in Dubai pushes people out to suburbs 28 Sep 2015 - 02:01 am

DUBAI: While Dubai continues to pump out sumptuous new apartment blocks, for a rising number of expatriates the city no longer offers the...

QCB tightening grip on banks’ overexposure 28 Sep 2015 - 01:37 am

DOHA: The Qatar Central Bank (QCB) is tightening its grip on the banks to make sure they are not overexposed to the real...

Indonesian regulators plan to boost Islamic banking boom 28 Sep 2015 - 12:00 am

An employee of BRI Syariah bank managing bundles of Indonesian rupiah banknotes in Jakarta. Jakarta: Indonesian teacher Nina Ramadhaniah hopes for “blessings from...

APICORP maintains strong asset quality: Moody’s 28 Sep 2015 - 12:00 am

DOHA: Arab Petroleum Investments Corporation’s (APICORP) asset quality and capital adequacy remain strong, despite the drop in global oil prices, announced Moody’s Investors...