Business

UBS second quarter profits jump 53pc despite Libor guilty plea 28 Jul 2015 - 01:17 am

Geneva: Switzerland’s largest bank UBS yesterday posted a 53 percent rise in second quarter profits, in its first results since agreeing to plead...

Teva to buy Allergan unit for $40.5bn 28 Jul 2015 - 01:16 am

TEL AVIV: Teva Pharmaceutical Industries has agreed to buy Allergan Plc’s generic drugs business for $40.5bn in a cash and stock deal that...

Qatar’s trade surplus in June (y-o-y) down 52.5% 27 Jul 2015 - 07:22 pm

DOHA: Qatar’s trade surplus in June, 2015 declined to QR14.9bn ($4.09bn), registering a decline of QR16.4bn ($4.5bn), or 52.5 percent, compared to June...

Teva to buy Allergan generic drug business for $40.5 billion 27 Jul 2015 - 02:45 pm

A sign bearing the logo of Teva Pharmaceutical Industries is seen in its Jerusalem oral solid dosage plant (OSD) December 21, 2011. TEL...

China's engineered stock rally comes unhinged as markets plunge over 8% 27 Jul 2015 - 01:21 pm

An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China, July 24, 2015. SHANGHAI:...

Ezdan Holding’s H1 net profit up by 20pc 27 Jul 2015 - 11:50 am

Ezdan Holding Group Chairman Sheikh Dr Khalid (left) and Group CEO Ali Al Obaidli. DOHA: Ezdan Holding Group recorded a net profit of...

Debt woes to keep Greek banks in freeze 27 Jul 2015 - 11:49 am

A woman is seen inside a One Euro shop in central Athens yesterday. FRANKFURT/ ATHENS: Greek banks are set to keep broad cash...

Lulu Group in deal to build hotel in Great Scotland Yard 27 Jul 2015 - 11:49 am

DOHA: The hypermarkets operator Lulu Group International has partnered with London developer Galliard Homes in a £110m ($170.5m) agreement to create a 92,000-sq-ft...

US airlines post record profits on cheaper fuel 27 Jul 2015 - 11:48 am

A passenger jet is seen from Gravelly Point Park after takeoff from National Airport in Arlington, Virginia. New York: Major US airlines are...

Debt conundrum to keep Greek banks in months-long freeze 26 Jul 2015 - 03:55 pm

A woman walks past an Alpha Bank ATM and a shopping window announcing sales in central Athens, Greece, July 21, 2015. FRANKFURT/ ATHENS:...

India's reforms target labour anarchy, but too late for some 26 Jul 2015 - 02:24 pm

An employee works inside a garment factory of Orient Craft Ltd. in Gurgaon on the outskirts of New Delhi, India, July 3, 2015. ...

Foreign insurers taking cautious look at Iran after nuclear deal 26 Jul 2015 - 01:31 pm

A staff removes the Iranian flag from the stage after a group picture with foreign ministers and representatives of Unites States, Iran, China,...

OFID to expand operations 26 Jul 2015 - 12:15 am

H E Ali Sherif Al Emadi, Minister of Finance, at the 36th meeting of Opec Fund for International Development (OFID), in Vienna. DOHA:...

Pearson in talks to sell 50pc stake in The Economist 26 Jul 2015 - 12:13 am

LONDON/MILAN: Britain’s Pearson is in talks to sell its 50 percent stake in The Economist to the other shareholders of the weekly newspaper,...

CI affirms Qatar’s sovereign ratings 26 Jul 2015 - 12:11 am

DOHA: The international credit rating agency, Capital Intelligence (CI), has affirmed Qatar’s Long-Term Foreign Currency and Local Currency Ratings of ‘AA-‘ and its...

Cargo ships cross New Suez Canal in first test-run 26 Jul 2015 - 12:06 am

Container ships and pilot boats sail on the waterway of the New Suez Canal in Ismailia yesterday. ISMAILIA: The first cargo ships passed...

Greek bailout talks to start tomorrow 26 Jul 2015 - 12:05 am

People browse inside a one Euro shop in central Athens. ATHENS: Talks between Greece and its international creditors over a new bailout package...

Pertamina not to reduce petrol prices 26 Jul 2015 - 12:04 am

A view of the Pertamina offshore oil and gas production rig Mike-Mike off the coast of West Java, Indonesia. Despite a drop in...