Business

Lusail land sale 10 Mar 2015 - 09:04 am

DOHA: Qatar Islamic Insurance Company (QIIC) has announced the sale of its land in Thuaileb area in Lusail. The total area of 3,027...

Barwa profits jump to QR2.78bn in 2014 10 Mar 2015 - 09:04 am

Doha: Barwa Real Estate Group announced yesterday a net profit of QR2.78bn for the year ending December 31 2014, compared to QR1.38bn achieved...

Barwa completes transaction with Qatari Diar 10 Mar 2015 - 09:03 am

DOHA: Barwa Real Estate Group announced the completion of its transaction with Qatari Diar. The agreement included selling Barwa Real Estate Group shares...

ConocoPhillips to bring expertise to Qatar 10 Mar 2015 - 09:03 am

DOHA: ConocoPhillips Qatar has announced to bring its experts from global operations to share their knowledge and expertise at the Fifth Gulf Intelligence...

Qatar’s construction boom to continue 10 Mar 2015 - 04:39 am

H E Dr Mohammed bin Saleh Al Sada (second right), Minister of Energy and Industry, at the opening of Intercem Conference in Doha...

Apple unveils smart watch, lighter MacBook 10 Mar 2015 - 01:57 am

Caption Apple CEO Tim Cook introduces the Apple Watch during an event in San Francisco, California, yesterday. Washington: Apple yesterday unveiled its much...

On 'QE' day, ECB launches new anti-deflation weapon 09 Mar 2015 - 05:50 pm

Frankfurt--The European Central Bank on Monday set out on its massive bond purchase programme, its most audacious scheme yet to ward off deflation...

Argentina demands HSBC return funds in SwissLeaks row 09 Mar 2015 - 05:28 pm

London--The head of Argentina's tax authority demanded Monday that HSBC bring back $3.5 billion (3.2 billion euros) in assets claiming the London-based bank...

Mall king Simon makes hostile $16 bn bid for Macerich 09 Mar 2015 - 05:24 pm

New York--US mall king Simon Property made a $16 billion hostile offer for Macerich on Monday, after failing for four months to engage...

Tokyo stocks open 0.52% lower 09 Mar 2015 - 05:11 pm

Tokyo--Tokyo stocks opened 0.52 percent lower on Monday after weaker-than-expected Japanese growth data and sharp drops on Wall Street last week after a...

Japan out of recession but growth lower than thought 09 Mar 2015 - 03:50 pm

Tokyo--Japan's economy grew less than initially thought in the final quarter of 2014, revised government data showed Monday, showing the world's third largest...

Japan economy grew 0.4% in Q4, less than thought: govt 09 Mar 2015 - 03:43 pm

Tokyo--Japan's economy grew less than initially thought in the final quarter of 2014, revised government data showed Monday, showing the world's third largest...

Swiss firm sells camouflage nets to sanctions-hit Russia 09 Mar 2015 - 02:25 pm

Geneva--Russia has acquired high-tech camouflage netting from Switzerland for a record 85 million euros, having placed the order before Bern imposed sanctions against...

Greek reform plans 'far from complete' says Dijsselbloem 09 Mar 2015 - 02:16 pm

Eurogroup chief Jeroen Dijsselbloem The Hague--Eurogroup chief Jeroen Dijsselbloem has said a list of reforms proposed by Greece last week in return for...

International expansion weighs on profit of Auchan 09 Mar 2015 - 01:55 pm

Paris--Auchan said Monday its net profit fell by a quarter last year despite rising sales as its international expansion weighed on the bottom...

ECB, euro central banks begin buying bonds 09 Mar 2015 - 01:47 pm

Frankfurt--The European Central Bank announced Monday that it and the national central banks of the euro area have started buying bonds as part...

Asia stocks fall as US jobs data spark talk of rate hike 09 Mar 2015 - 11:26 am

Hong Kong--Asian markets mostly retreated Monday after a strong US jobs report increased expectations the Federal Reserve will hike interest rates soon, while...

Britain sells another 1.0% of Lloyds bank 09 Mar 2015 - 11:11 am

London--Britain has sold another 1.0 percent in state-rescued Lloyds Banking Group for £500 million ($754 million, 694 million euros), matching last month's sale,...