Business

$4.3bn fine for global banks in forex probe 13 Nov 2014 - 12:59 am

LONDON/ZURICH/NEW YORK: Regulators fined six major banks including Citigroup and UBS a total of $4.3bn for failing to stop traders from trying to...

QBWA to develop organisation strategy 13 Nov 2014 - 12:52 am

The participants at the QBWA workshop in Doha. Doha: The Qatari Business Women Association (QBWA) announced signing a partnership agreement with JMJ Associates,...

Saudi’s biggest IPO hits market 13 Nov 2014 - 12:50 am

Investors monitor screens at the Saudi Stock Exchange in Riyadh. Shares in Saudi Arabia’s biggest lender, National Commercial Bank, jumped the 10 percent...

Business heads discuss plans, key strategies 13 Nov 2014 - 12:45 am

The expert panel discussing various issues at the meeting. DOHA: About 100 senior business executives from top global companies in Qatar yesterday held...

BSI holds ISO Revisions meet 13 Nov 2014 - 12:41 am

Participants at the British Standards Institution’s (BSI) ISO Revisions event held in Doha. Over 100 senior officials attended the event, which was targeted...

Ukraine plans new policy 13 Nov 2014 - 12:40 am

A woman hands over money to a shop employee near a board showing currency exchange rates in Kiev yesterday. Ukraine’s central bank said...

Alibaba Singles’ Day sales 13 Nov 2014 - 12:38 am

Alibaba Group Executive Chairman Jack Ma looks back at a giant electronic screen showing real-time sales figures of the company’s Taobao.com and Tmall.com,...

Honda quality woes 13 Nov 2014 - 12:35 am

Honda Motor Co’s President and Chief Executive Officer Takanobu Ito with its renewal hybrid sedan car “Legend” during an unveiling event in Tokyo....

Business leaders hail decision to boost private sector 12 Nov 2014 - 11:56 pm

DOHA: Qatar’s key private sector players and the business community have hailed the Emir H H Sheikh Tamim bin Hamad Al Thani’s announcements...

Opec sees lower 2015 demand for its oil, Saudi output still high 12 Nov 2014 - 11:53 pm

LONDON: Global demand for oil from Opec next year will be far below its current output level because of the US shale boom,...

UAE credit bureau starts retail operations 12 Nov 2014 - 11:52 pm

ABU DHABI: The United Arab Emirates’ credit bureau has begun covering retail customers and plans to extend its work to companies next year,...

Qatari bourse index drops 32.20 points 12 Nov 2014 - 11:48 pm

Doha: Qatar Stock Exchange index was slightly down by 32.20 points, or 0.23 percent, when trading closed at 13,723.54 points yesterday. The market...

Sainsbury’s to cut spending, dividend to fund lower prices 12 Nov 2014 - 11:47 pm

LONDON: Sainsbury’s plans to cut costs, dividends and new store openings to fund cheaper prices, increasing the pressure on ailing larger rival Tesco...

India industrial output jumps 2.5 percent, inflation eases 12 Nov 2014 - 11:46 pm

NEW DELHI: India’s industrial production grew by a stronger-than-expected 2.5 percent in September, according to government data released yesterday, boosted by consumer demand...

Etihad to win EU nod for buying 49pc of Alitalia 12 Nov 2014 - 11:46 pm

BRUSSELS: Abu Dhabi’s Etihad Airways is set to win conditional EU antitrust approval for its purchase of 49 percent of Alitalia, two people...

Kuwait’s Agility Q3 net profit rises 8pc 12 Nov 2014 - 11:41 pm

DUBAI: Kuwait’s Agility, the largest Gulf Arab logistics group, posted an eight percent increase in third-quarter net profit yesterday, as earnings from its...

Some Yahoo investors seek AOL rescue 12 Nov 2014 - 11:39 pm

NEW YORK: At least two top-10 Yahoo Inc shareholders are so unhappy with Chief Executive Marissa Mayer’s turnaround efforts that they are making...

Kuwait 6-month budget surplus touches $31bn 12 Nov 2014 - 11:39 pm

DUBAI: Kuwait’s government budget surplus reached KD8.97bn ($31bn) in the first six months of this fiscal year as expenditure remained well below the...