Business

GM halts delivery of new pickups over faulty airbags 03 Oct 2014 - 11:31 pm

NEW YORK: US auto giant General Motors yesterday urgently halted deliveries of two 2015 flagship model pickup trucks after discovering a fault in...

John Lewis boss apologises for calling France ‘hopeless’ 03 Oct 2014 - 11:31 pm

LONDON: The boss of one of Britain’s biggest department store chains apologised yesterday for calling France “hopeless and downbeat” and telling investors to...

Serbia kicks off state-run news agency privatisation 03 Oct 2014 - 11:31 pm

BELGRADE: Serbia, struggling to cut its rising budget deficit, put the Tanjug state news agency and 10 other local media up for sale...

Rovio to shed up to 130 jobs 03 Oct 2014 - 03:05 am

A file picture of Rovio CEO Mikael Hed posing with two “Angry Bird” characters at the company premises in Espoo, Finland. HELSINKI: Rovio,...

European stock markets plunge 03 Oct 2014 - 03:04 am

Traders at their desks in front of the DAX board at the Frankfurt Stock Exchange yesterday. LONDON: Europe’s stock markets plunged yesterday after...

US jobless claims fall 03 Oct 2014 - 03:01 am

A woman discusses eligibility for unemployed people at a jobs centre in San Francisco. The number of Americans filing new claims for unemployment...

Paris auto show 03 Oct 2014 - 03:00 am

A Ferrari 458 Speciale A on display at the Paris Mondial de l’Automobile yesterday. The Paris auto show opens its doors to the...

Oil drops to 27-month low near $92 03 Oct 2014 - 02:58 am

NEW YORK: Oil prices fell for the third straight session yesterday, with Brent hitting its lowest level since June 2012, continuing a three-month...

GCC equity market projected to remain positive 03 Oct 2014 - 02:57 am

DOHA: Driven by the region’s BIG 3 — Qatar, Saudi Arabia and UAE — the GCC equity market will remain overweight for the...

Vodafone Qatar, ICTH in pact 03 Oct 2014 - 02:57 am

DOHA: Vodafone Qatar has entered into a non-binding Heads of Agreement with Information Communication Technology Holdings Q.S.C. (ICTH) with a view to acquiring...

QE finishes on positive note before holidays 03 Oct 2014 - 02:56 am

DOHA: Qatar bourse ended on a positive note as the market closed yesterday for week-long Eid Al Adha holidays. The benchmark index edged...

Saudi’s NCB to raise $6bn in IPO 03 Oct 2014 - 02:56 am

DUBAI: Saudi Arabia’s National Commercial Bank plans to raise SR22.5bn ($6bn) in a flotation this month, it said, the biggest ever share sale...

Kuwait in talks with five oil firms to develop major fields 03 Oct 2014 - 02:55 am

DUBAI: Kuwait is in talks with five major oil companies to help boost crude production and develop some of its oilfields including Burgan,...

NBK sells 30pc stake in IBQ for $538m 03 Oct 2014 - 02:55 am

DUBAI: National Bank of Kuwait has sold its 30 percent stake in unlisted International Bank of Qatar for 155m dinars ($538m) after being...

Gold sales down in Makkah 03 Oct 2014 - 02:54 am

Makkah: Saudi Arabia’s retail gold merchants used to look forward to brisk sales during the annual Haj pilgrimage to Makkah but lingering economic...

Emaar Malls shares soar after strong IPO 03 Oct 2014 - 02:54 am

DUBAI: Newly listed shares of the retail division of Dubai’s Emaar Properties soared on their first day of trading yesterday, highlighting rising confidence...

Al Sada meets US counterpart 02 Oct 2014 - 03:08 am

HE Dr Mohamed bin Saleh Al Sada (right) with Dr Ernest Moniz. DOHA: H E Dr Mohamed bin Saleh Al Sada, the Minister...

China to expand bank operations in Qatar 02 Oct 2014 - 03:07 am

DOHA: China is looking to further expand its banking operations in Qatar. The Industrial and Commercial Bank of China (ICBC), which is already...