Business

Deaths linked to GM ignition switch defect rise to 27 14 Oct 2014 - 12:04 am

NEW YORK: A programme to compensate victims of a faulty ignition switch in General Motors vehicles has approved three new death claims, bringing...

IMF launches consultations on Islamic finance 13 Oct 2014 - 11:23 pm

Washington: The International Monetary Fund has held its first consultation with an external advisory group of Islamic finance industry bodies, as regulators across...

China trade surplus more than doubles 13 Oct 2014 - 11:23 pm

BEIJING: China’s trade surplus more than doubled to $31bn in September, official data showed yesterday, as exports jumped while imports increased at a...

Russia signs deals with China to help weather sanctions 13 Oct 2014 - 11:22 pm

MOSCOW: Russia and China signed energy, trade and finance agreements yesterday proclaimed by Moscow as proof that a policy turn to Asia is...

Russia spends $6bn to prop up ruble 13 Oct 2014 - 11:22 pm

Moscow: Russia’s Central Bank has spent around $6bn from its international reserves in the past ten days to prop up the national currency,...

Universal to invest $3bn in Beijing theme park 13 Oct 2014 - 11:22 pm

BEIJING: US entertainment firm Universal Parks & Resorts will invest more than $3bn with a Chinese partner to open a movie theme park...

Tunisia needs 3 years of painful reform: Premier 13 Oct 2014 - 11:21 pm

TUNIS: Tunisia’s economy needs at least three more years of painful and politically difficult reforms, including tax changes and subsidy cuts, to revive...

India’s consumer price inflation slides 13 Oct 2014 - 11:21 pm

NEW DELHI: India’s consumer price inflation slid unexpectedly in September to its lowest in nearly three years, data showed yesterday, giving greater scope...

BSE plans climate change exchange fund, says official 13 Oct 2014 - 11:21 pm

MUMBAI: India’s BSE Ltd, formerly known as the Bombay Stock Exchange, is in talks with asset managers to launch an exchange-traded fund (ETF)...

QNB Group’s net profit hits QR8bn, up 12.6pc 13 Oct 2014 - 12:09 am

DOHA: QNB Group’s net profit for the first nine months of 2014 hit QR8bn, up by 12.6 percent, compared to same period last...

Qatar stock market tanks on global cues, loses 414 points 13 Oct 2014 - 12:08 am

By Satish Kanady DOHA: On a day it resumed trading after long holidays, Qatar stock market hit hard as entire stocks got hammered...

After gaffe, Microsoft to look at gender pay gap 13 Oct 2014 - 12:06 am

Microsoft Corp Chief Executive Satya Nadella. SEATTLE/SAN FRANCISCO: A well-known picture in tech circles, taken in 1978, shows the first 11 employees at...

Cambodian workers on protest 13 Oct 2014 - 12:04 am

Cambodian workers stand on a truck during a protest to demand higher wages in Phnom Penh yesterday. Cambodian trade unionists and hundreds of...

German exports slump 13 Oct 2014 - 12:02 am

A worker controls Mercedes cars at a shipping terminal in the harbour of the German northern town of Bremerhaven. German exports slumped by...

Barwa Bank is named ‘Best Islamic Financial Institution’ 12 Oct 2014 - 11:59 pm

DOHA: Barwa Bank has been named the winner of ‘Best Islamic Financial Institution in Qatar’ by Global Finance as part of its seventh...

Qafac to host first-ever MidEast Methanol Forum 12 Oct 2014 - 11:58 pm

DOHA: Some global experts on methanol will discuss the current state of the methanol industry as well as future trends that can further...

QEWC posts 11pc increase in net profit 12 Oct 2014 - 11:58 pm

Doha: The Board of Directors of Qatar Electricity and Water Company (QEWC) approved yesterday the financial results for 9 months period ended September ...

GCC inflation ranges between 0.63pc and 3.1pc in July 12 Oct 2014 - 11:58 pm

DOHA: Consumer prices in the GCC region witnessed an overall increase over the 12-month period through July 2014. Within the GCC member states,...