Business

Wanda Commercial makes trading debut in Hong Kong 23 Dec 2014 - 10:28 am

Dalian Wanda HONG KONG---Chinese shopping mall developer Dalian Wanda made its trading debut in Hong Kong Tuesday after raising $3.7 billion in an...

US dollar holds steady in Asian trade 23 Dec 2014 - 10:03 am

SINGAPORE---The greenback held steady in thin Asian trade Tuesday, supported by hopes for fresh upbeat figures on the US economy and expectations the...

Italian parliament adopts budget after EU battle 23 Dec 2014 - 09:56 am

ROME---The Italian parliament adopted the government's 2015 budget late Monday, after the European Union forced Prime Minister Matteo Renzi to redraft the text...

European indices enjoy ‘Santa rally’ 23 Dec 2014 - 01:15 am

Traders at their desks in front of the DAX board at the Frankfurt Stock Exchange yesterday. LONDON: Europe’s main stock markets rose strongly...

Oryx Industries signs pact with Al Hodaifi Rocks 23 Dec 2014 - 01:14 am

Officials shake hands after signing the agreement. DOHA: Oryx Industries, a major producer of construction materials based in Fujairah, has signed a new...

IBQ rewards winner of thanq 23 Dec 2014 - 01:13 am

The International Bank of Qatar (ibq) has declared Gez Garai as the December winner of the bank’s monthly prize draw for the ibq...

Honda unveils N-Box Slash 23 Dec 2014 - 01:01 am

A man looks at new small vehicle “N-Box Slash” of Honda Motor in front of the company’s headquarters in Tokyo yesterday. The Japanese...

Non-hydrocarbon sector spurs Qatar’s growth 23 Dec 2014 - 12:58 am

DOHA: Qatar’s dynamic non-hydrocarbon sector is increasingly driving the country’s economy. Qatar’s economic growth rate rose to 5.7 percent year-on-year in the second...

Oil prices likely to rebound in the second half of 2015, says survey 23 Dec 2014 - 12:58 am

LONDON: Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in US shale production...

Oil prices likely to rebound in the second half of 2015, says survey 23 Dec 2014 - 12:57 am

LONDON: Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in US shale production...

Alstom to pay $772m fine to settle bribery charges 23 Dec 2014 - 12:57 am

WASHINGTON: The French power and transportation company Alstom will pay a record $772.3m fine and plead guilty to settle US criminal charges that...

Airbus will not scrap A380: CEO 23 Dec 2014 - 12:55 am

TOULOUSE: The head of Airbus said yesterday that the aircraft manufacturer had no intention to stop making the A380, saying the super jumbo...

Qatar takes over OAPEC presidency 23 Dec 2014 - 12:55 am

Abu Dhabi: The State of Qatar has assumed the rotational presidency of the Organisation of Arab Petroleum Exporting Countries (OAPEC) for the year...

Iraq to start work on final oil deal with Kurdish region 23 Dec 2014 - 12:54 am

ABU DHABI: Iraq’s Kurdish region will continue to export its own crude oil under an initial deal with Baghdad until a comprehensive deal...

Qatar bourse index gains 391.63 points 23 Dec 2014 - 12:45 am

Doha: Qatar Exchange pursued its upswing trend yesterday adding 391.63 points or 3.26 percent to close at 12,421.22 points from 12,029.59 on Sunday....

ARTIC acquires Boscolo Aleph Hotel in Rome 23 Dec 2014 - 12:44 am

Officials pose for a group picture. DOHA: Al Rayyan Tourism and Investment Company (ARTIC), the international hospitality subsidiary of Al Faisal Holding Company,...

Russia curbs grain exports amid rouble crisis 22 Dec 2014 - 11:21 pm

MOSCOW: Russia announced plans yesterday to limit grain exports as it scrambled to avoid a hike in the politically sensitive cost of bread...

Rosneft repays $7bn in debt 22 Dec 2014 - 11:18 pm

MOSCOW: Russia’s top oil producer Rosneft said yesterday that it had met a $7bn loan repayment, partially easing fears among investors that Western...