Business

Dollar edges up in Asian trade 13 Apr 2015 - 12:20 pm

Tokyo--The dollar edged up against other major currencies on Monday after weaker than expected Chinese trade data, supported by investor expectations of US...

Statoil could cut over 10% of jobs 13 Apr 2015 - 12:02 pm

Oslo--Statoil could shed 2,400 jobs in May, or nearly 11 percent of the total workforce, as the Norwegian oil giant cuts costs following...

Taiwan rejected as founding member of AIIB 13 Apr 2015 - 11:12 am

Beijing--Taiwan's bid to become a founding member of China's new regional development bank has been rejected, Beijing said Monday, dashing the island's hopes...

Asia shares mostly up, China data spurs Shanghai rally 13 Apr 2015 - 10:34 am

Hong Kong--Most Asia markets climbed Monday, with Hong Kong advancing for an eighth straight session and Shanghai rallying after more disappointing Chinese data...

Commercial Bank to celebrate 40th year 13 Apr 2015 - 08:45 am

Abdulla Saleh Al Raisi (third left), CEO of Commercial Bank and other officials during the media roundtable announcing the 40th year anniversary celebrations...

Alabbar says remain committed to Emaar 13 Apr 2015 - 08:44 am

DUBAI: The chairman of Emaar Properties has insisted he remains committed to the Dubai-based developer in the face of concern about the number...

Aamal expands retail centre management business 13 Apr 2015 - 08:43 am

Officials at the meet. DOHA: Aamal Company QSC, one of the GCC’s fastest growing diversified companies, yesterday announced a new joint venture agreement...

Oil price drop: GDI client to ‘release’ jack-up rigs 13 Apr 2015 - 07:24 am

DOHA: The Gulf International Services (GIS), the largest service group in Qatar with interests in a broad cross-section of industries, yesterday announced one...

ECB policymakers set to meet on Wednesday 13 Apr 2015 - 07:22 am

Police set up barbed wire beside the new ECB headquarters in Frankfurt. Berlin: The European Central Bank’s decision makers meet on Wednesday buoyed...

VW chairman appears isolated after CEO criticism 13 Apr 2015 - 07:19 am

Wolfgang Porsche (right) and Ferdinand Piech in Paris. BERLIN/STUTTGART: Volkswagen Chairman Ferdinand Piech is facing growing resistance within the supervisory board to his...

Istanbul’s financial hub goal hampered by lightweight stock market 13 Apr 2015 - 07:17 am

A visitor takes picture of the Levent district, which comprises of leading Turkish companies’ headquarters and popular shopping malls, in Istanbul. ISTANBUL: Turkish...

IEA sees no jump in Iran oil output in five years 13 Apr 2015 - 07:15 am

NEW DELHI: World oil markets will not see a significant rise in Iranian supplies for up to five years even if the Opec...

QFC expands framework rules for diversification 13 Apr 2015 - 07:15 am

DOHA: The Qatar Financial Centre (QFC) Authority has introduced legislative expansions to its Companies Regulations and Rules. The update aims to further diversify...

Milaha in talks with United Arab Chemical Carriers 13 Apr 2015 - 07:14 am

DOHA: Qatar Navigation (Milaha) said it is initiating talks with United Arab Chemical Carriers Ltd in the UAE regarding a possible combination of...

Barwa buys Saudi residential compound in SR300m deal 13 Apr 2015 - 07:14 am

Doha: The First Investor (TFI), the investment banking division of Barwa Bank Group (BBG), announced the acquisition of a residential compound in Riyadh...

Qatar stocks close lower 13 Apr 2015 - 07:13 am

Doha: Qatar Stock Exchange (QSE) index dropped slightly by 5.06 points, or 0.04 percent, when the bourse closed trading at 11,982.65 points yesterday....

Commodities: Oil prices rebound; gold firms 13 Apr 2015 - 07:11 am

London: Oil prices rebounded and gold firmed this week as markets reacted to geopolitical concerns and the outlook for interest rates in the...

Building raw materials to be cheaper soon 13 Apr 2015 - 06:01 am

Vice Chairman of the Qatar Chamber (QC), Mohamed bin Ahmed bin Towar Al Kuwari, with Chairman of the Al Buraimi branch of Oman...