Business

Hazardous toys 03 Dec 2014 - 01:22 am

Pam Clough of the US Public Interest Research Group stands with hazardous toys during a news conference releasing the yearly report of most...

Egypt economy in dire straits 03 Dec 2014 - 01:19 am

A man crosses Nile river on the Galaa bridge in Cairo. Falling tourist revenues and slowing investments have left Egypt’s economy in ruins...

150,000 hit by Lufthansa strike 03 Dec 2014 - 01:16 am

Caption FRANKFURT: Pilots at Deut-sche Lufthansa AG extended their two-day stoppage yesterday, grounding long-haul flights in addition to domestic and European routes and...

Oil retreats again after Monday’s rally 03 Dec 2014 - 01:14 am

NEW YORK: Oil prices resumed their decline yesterday after rallying the previous session, while world stock markets edged higher as investors snapped up...

BP shares rise, traders cite talk of bid from Shell 03 Dec 2014 - 01:09 am

BP shares rise, traders cite talk of bid from Shell LONDON: Shares of UK energy major BP rose 4.7 percent yesterday, with several...

Islamic banking assets in core markets to hit $1.8trn 03 Dec 2014 - 01:08 am

DOHA: Islamic banking assets in six core markets, including Qatar, is set to hit $1.8 trillion by 2019, according to EY’s “World Islamic...

UAE merges 11 defence companies into EDIC 03 Dec 2014 - 01:07 am

ABU DHABI: The United Arab Emirates (UAE) announced the merger of a number of state-controlled defence companies to create an integrated services and...

Russia expects recession next year 03 Dec 2014 - 01:07 am

MOSCOW: Low oil prices and sanctions imposed on Moscow over Ukraine will send the Russian economy into recession next year, government officials said...

Saudi Arabia set for tighter budget after oil price slide 03 Dec 2014 - 01:06 am

DUBAI: Plunging oil prices could mean the first budget cuts for major exporter Saudi Arabia since 2002 but they are not expected to...

Takata to comply with US order on regional recall 03 Dec 2014 - 01:06 am

TOKYO: Takata Corp is preparing to comply with a US order to expand a region-specific recall nationwide, the Nikkei said yesterday, a move...

DealBroker, Gulf Air unveil new travel packages 03 Dec 2014 - 01:05 am

Doha: Gulf Air, the Kingdom of Bahrain’s national carrier, launched a new service as part of its strategic partnership with DealBroker, a travel...

QBIC to select startup winners on Demo Day 03 Dec 2014 - 01:05 am

Doha: The Qatar Business Incubation Center (QBIC), founded by Qatar Development Bank (QDB) and Social Development Center (SDC), announces Demo Day, which is...

Qatar bourse index drops 98.58 points 03 Dec 2014 - 01:02 am

Doha: Qatar Exchange index dropped 98.58 points or 0.77 percent yesterday when the bourse closed trading at 12,756.98 points. Indices of major sectors...

Iraq govt, Kurds strike deal on budget, oil 03 Dec 2014 - 01:01 am

BAGHDAD: Iraq’s government and the autonomous Kurdish region announced yesterday an agreement resolving their longstanding disputes over the budget and oil exports, boosting...

Gold slips lower as dollar strengthens 03 Dec 2014 - 01:01 am

LONDON: Gold slipped lower yesterdy as a strong dollar and signals that the US economy is benefiting from a decline in oil prices...

North American airline earnings to rise 73pc 03 Dec 2014 - 01:01 am

DALLAS: North American airline earnings will climb 73 percent to $19bn in 2015, bolstered by lower jet fuel costs, a Bank of America...

Aviva agrees to $8.8bn Friends takeover terms 02 Dec 2014 - 11:22 pm

Caption LONDON: British insurer Aviva agreed terms yesterday for a £5.6bn ($8.8bn) all-share takeover of rival Friends Life, responding to pressures caused by...

Annual World Islamic Banking Conference 02 Dec 2014 - 11:19 pm

Islamic Financial Services Board Secretary-General Jaseem Ahmed (left) and UK Former Senior Minister & Minister for Faith & Communities Baroness Sayeeda Warsi attend...