Business

IAG set to take over Aer Lingus 10 Jul 2015 - 11:02 pm

DUBLIN/BRUSSELS: IAG is set to complete its takeover of Aer Lingus after Ryanair said it would accept the offer and a source familiar...

Ryanair shuts Copenhagen base to avoid union strike 10 Jul 2015 - 11:02 pm

Copenhagen: Irish low-cost carrier Ryanair yesterday announced the closure of a recently opened base in Copenhagen to avoid a strike by Danish unions,...

UK overhauls home-building to boost productivity 10 Jul 2015 - 11:02 pm

LONDON: Britain’s government said yesterday it would remove obstacles to building new houses as it tries to tackle a chronic shortage of homes...

DHL opens new retail service point at City Centre Mall 09 Jul 2015 - 05:15 pm

DOHA: DHL Express, one the world’s leading logistics companies, has expanded its presence in Qatar with the opening of its fourth in mall...

Europe needs common tools to fight crises - Sapin 09 Jul 2015 - 05:11 pm

FRANKFURT: Europe must build a common tool to fight crises and needs to strike a balance between fiscal discipline and growth to reduce...

New BRICS bank to look at local, international borrowing: President 09 Jul 2015 - 04:03 pm

K V Kamath UFA, Russia: The New Development Bank being launched by the BRICS group of emerging economies plans to raise money both...

Draghi said to doubt Greek solution as Tsipras reforms awaited 09 Jul 2015 - 03:24 pm

A pensioner (R) stands outside a National Bank branch as others line up to receive part of their pensions in the city of...

China stems stocks rout, but market faces lengthy hangover 09 Jul 2015 - 01:34 pm

An investor watches an electronic board showing stock information at a brokerage office in Beijing, China, July 9, 2015. BEIJING/SHANGHAI: Beijing's increasingly frantic...

QNB Group’s net profit jumps by 10.2 percent 09 Jul 2015 - 11:35 am

DOHA: Driven by a strong operating income, QNB Group, the largest lender in the region, posted 10.2 percent increase in its net profit...

Microsoft cuts 7,800 jobs, reorganizes phone unit 08 Jul 2015 - 07:45 pm

Washington: Microsoft announced plans Wednesday to cut 7,800 jobs, most from the struggling mobile phone division acquired last year from Nokia. The US...

China stock market freezing up as sell-off gathers pace 08 Jul 2015 - 05:42 pm

An investor watches an electronic board showing stock information at a brokerage office in Beijing on July 7, 2015. SHANGHAI: China's tumbling stock...

Qatari bourse market cap shrinks QR7bn 08 Jul 2015 - 05:05 pm

DOHA: Qatar Stock Exchange (QSE) index dropped 149.02 points, or 1.25 percent when the bourse closed trading Wednesday at 11,787.11 points. The market...

Oil rises to $57 as Iran talks drag on 08 Jul 2015 - 02:34 pm

LONDON: Brent oil bounced back from a three-month low to around $57 a barrel on Wednesday after an industry report showed a larger-than-forecast...

Greece PM addresses Europe after ‘final deadline’ issued 08 Jul 2015 - 11:34 am

Greek Prime Minister Alexis Tsipras shakes hands with a Member of the European Parliament as he arrives to address the European Parliament in...

Retaj to open hotel in Makkah 08 Jul 2015 - 11:05 am

Officials signing the agreement. Doha: Retaj Hotels & Hospitality announced a new Hotel in Al Azizya Al Chamalya in Makkah. The Retaj Al...

ICSS becomes first tenant at Msheireb Properties 08 Jul 2015 - 11:05 am

Officials of Msheireb Properties and International Centre for Sport Security during the announcement. DOHA: Msheireb Properties, a subsidiary of Qatar Foundation, announced the...

Qatar real estate sector set to grow: QNB 08 Jul 2015 - 11:04 am

DOHA: Qatar’s real estate prices are expected to continue their strong growth, although at a more moderate pace, on strong population growth and...

New CEO at Qatar First Bank 08 Jul 2015 - 11:02 am

Doha: Qatar First Bank (QFB) announced yesterday the appointment of veteran financial services professional Ziad Makkawi (pictured) as its Chief Executive Officer with...