Business

Mezzan to sell 30pc of shares in first Kuwait IPO since 2009 21 Oct 2014 - 12:14 am

DUBAI: Mezzan Holding, a Kuwaiti producer and distributor of food and fast-moving consumer goods, said yesterday it would float 30 percent of its...

Qatar Exchange index drops 21 Oct 2014 - 12:14 am

Doha: Qatar Exchange index swung back to red zone yesterday, losing 185.12 points (-1.41 percent) when the bourse closed at 12,962.67 points. The...

Strong iPhone 6 demand boosts Taiwan exports 21 Oct 2014 - 12:14 am

TAIPEI: Booming shipments of the iPhone 6 helped Taiwan’s export orders jump 12.7 percent in September year-on-year to a record $43.3bn, the government...

Saudi NCB pledges conversion to Islamic bank under pressure 21 Oct 2014 - 12:13 am

RIYADH: National Commercial Bank (NCB) has responded to criticism of its operations from Islamic scholars by pledging to convert itself into a full-fledged...

Expo 2015 deal 21 Oct 2014 - 12:12 am

Alitalia’s President Roberto Colaninno (left) and Etihad’s President and CEO James Hogan pose in front of a plane yesterday at the Malpensa Airport....

GIS posts highest Q3 year-to-date revenue 21 Oct 2014 - 12:09 am

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

SODIC to invest $336m in 2015, sees boom 21 Oct 2014 - 12:08 am

CAIRO: SODIC, one of Egypt’s largest listed real estate developers, plans to invest 2.4bn Egyptian pounds ($336m) in 2015 and is hunting for...

Moody’s raises Egypt’s outlook on stability, improved growth 21 Oct 2014 - 12:08 am

DUBAI: Moody’s raised Egypt’s credit ratings outlook to stable from negative yesterday, citing a more stable political and security situation and signs of...

International Islamic’s net profit up by 10pc 19 Oct 2014 - 11:05 pm

Sheikh Dr Khalid bin Thani bin Abdullah bin Thani Al Thani (left) and Abdulbasit A Al Shaibei. DOHA: International Islamic’s nine-month net profit...

Qatar banks’ loan book on growth path 19 Oct 2014 - 11:03 pm

DOHA: Qatar banks’ loan book increased by 4 percent month-on-month, while deposits increased by 1.9 percent in the month of September 2014. Public...

Toyota C-HR concept unveiled at Paris show 19 Oct 2014 - 11:02 pm

Toyota C-HR concept at the Paris Motor Show. Doha: Toyota unveiled its C-HR concept hybrid compact crossover at the Paris Motor Show recently...

Job fair in Chicago 19 Oct 2014 - 11:01 pm

A United Parcel Service (UPS) employee walks past a sign bearing the company’s logo at a job fair in Chicago, Illinois, yesterday. UPS...

Samsung, LG to sell 81.5m LCDs this year 19 Oct 2014 - 11:00 pm

Seoul: South Korean tech giants Samsung Electronics Co and LG Electronics Inc are expected to sell a combined 81.5 million liquid crystal display...

Ukraine, Russia see imminent end to latest gas war 19 Oct 2014 - 10:59 pm

KIEV: Ukraine and Russia stood on the verge yesterday of resolving their latest gas war in time to keep the war-scarred nation and...

Qatar stocks rebound, up 1.59pc 19 Oct 2014 - 10:59 pm

DOHA: Qatar stocks rebounded yesterday after a sell-off in the past week that shaved 6.43 percent off the benchmark index amid broader global...

Saudi bank shares go on sale in largest IPO worth $6bn 19 Oct 2014 - 10:58 pm

RIYADH: Shares in National Commercial Bank went on sale yesterday in Saudi Arabia’s largest-ever initial public offering, which at $6bn is also one...

Lithuania’s first LNG terminal ends Russian grip on Baltics 19 Oct 2014 - 10:58 pm

VILNIUS: As much of Europe anxiously awaits a Ukraine-Russia deal to avert the risk of winter gas cuts, Lithuania is breathing a sigh...

Real estate sector set for giant leap: Al Asmakh 19 Oct 2014 - 10:58 pm

DOHA: The announcement of mega projects at Qatar’s prestigious The Pearl-Qatar and Lusail City signals Qatar’s real estate sector is fast recovering. The...