Business

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...

Standard Chartered readies to close several UAE accounts 19 Oct 2014 - 10:58 pm

New York: Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to...

Takata toiled to maintain air bag quality 19 Oct 2014 - 10:12 pm

A visitor compares steering wheels at the Takata exhibition stand at the Frankfurt Motor Show. MEXICO CITY/DETROIT/TOKYO: Manufacturing problems with Takata Corp air...

SIAL in Paris 19 Oct 2014 - 10:11 pm

People do business at the SIAL (Salon International de l’Agroalimentaire, Global Food Show), yesterday in Villepinte, north-east of Paris. Various companies participated in...

Gulf Capital’s $750m fund to invest in 10-12 firms 19 Oct 2014 - 10:09 pm

DUBAI: Abu Dhabi-based buyout firm Gulf Capital is looking to invest in 10-12 companies over five years with the launch of its third...

Twitter spices timelines with unasked-for tweets 19 Oct 2014 - 10:09 pm

SAN FRANCISCO: Twitter said it would start reconfiguring users’ timelines with “relevant” messages from people they haven’t bothered to follow at the service....

Safco Q3 profit rises 24.4pc on sales increase 19 Oct 2014 - 10:08 pm

DUBAI: Saudi Arabia Fertilizers Co reported a 24.4 percent rise in third-quarter net profit yesterday, beating analysts’ forecasts and ending a sustained profit...

Snapchat weaves ads into vanishing message service 19 Oct 2014 - 10:08 pm

SAN FRANCISCO: Snapchat said it will begin weaving ads into the popular service for sending ephemeral smartphone messages, but promised not to be...

Closure threat to UK Colliery 19 Oct 2014 - 10:07 pm

A general view shows the Kellingley Colliery in Knottingley, northern England. A short drive across Britain’s gritty former industrial heartland of south Yorkshire...

US housing starts rise 19 Oct 2014 - 10:06 pm

A worker walks on scaffolding at the construction site of a new home in Carlsbad, California. US housing starts and permits rose in...

Jarir to double number of stores over five years 19 Oct 2014 - 10:05 pm

RIYADH: Saudi Arabian retailer Jarir Marketing Co plans to invest SR1.1bn ($293m) over the next five years to roughly double the number of...

Morocco mega solar project to open in 2015 19 Oct 2014 - 10:05 pm

OUARZAZATE, Morocco: Morocco’s first solar energy plant will begin operating in 2015, an official said yesterday, as part of a multi-billion-euro project the...

Kuwait oil union slams Saudi halt to joint output 19 Oct 2014 - 10:04 pm

KUWAIT CITY: A Kuwaiti oil trade union yesterday condemned the unilateral closure by Saudi Arabia of an offshore oilfield jointly operated by the...

Dubai judge approves liquidation of local Espirito Santo unit 19 Oct 2014 - 10:03 pm

DUBAI: A judge in the Dubai International Financial Centre (DIFC) court approved on Sunday an application to liquidate ES Bankers (Dubai) Ltd (ESBD),...

Two Ukrainian soldiers killed in fighting 19 Oct 2014 - 12:49 am

A serviceman loads a mortar in Peski village, near Donetsk, yesterday. KIEV: Two Ukrainian soldiers have been killed in combat with pro-Russian rebels...