Business

World Bank lauds India PM, offers billions for development 24 Jul 2014 - 08:28 am

World Bank President Jim Yong Kim (left) and India’s Prime Minister Narendra Modi in New Delhi yesterday. NEW DELHI: The World Bank yesterday...

Conflicting signals from job market: BoE 24 Jul 2014 - 08:25 am

GLASGOW: - The Bank of England is weighing up conflicting data on Britain’s labour market as it prepares to start raising interest rates...

Jet Airways eyes profit by 2017 with boost from Etihad 24 Jul 2014 - 08:22 am

NEW DELHI: Jet Airways, India’s second-biggest carrier, forecast yesterday a return to profit in three years through cost-cuts, route-sharing with new partner Etihad...

UDC net profit surges by 34pc to QR521m 24 Jul 2014 - 08:19 am

DOHA: United Development Company (UDC), a leading developer, recorded a net profit of QR521m for the first half of 2014, up 34 percent...

India will not back WTO protocol unless concerns addressed 24 Jul 2014 - 08:17 am

NEW DELHI: India will not support a trade protocol ahead of a July 31 deadline unless concerns about its food subsidies are met,...

JCDecaux unveils digital screen network at Oman airports 24 Jul 2014 - 08:17 am

Dubai: JCDecaux SA, the number one outdoor advertising company worldwide, has unveiled a new network of HD digital screens at Muscat International Airport...

Daimler earnings up on strong Mercedes sales 24 Jul 2014 - 08:16 am

FRANKFURT: Daimler, maker of Mercedes-Benz and Smart cars, reported a sharp rise in second-quarter underlying profit driven by record sales in its luxury...

Masraf Al Rayan UK unit offers new schemes 24 Jul 2014 - 08:16 am

DOHA: Islamic Bank of Britain plc (IBB), a subsidiary of Masraf Al Rayan UK, has announced to extend its UK real estate finance...

Japan to count Saudi, UAE for crude storage 24 Jul 2014 - 08:15 am

TOKYO: Japan will start treating as “quasi-strategic reserves” some of the crude stored by Saudi Arabia and the United Arab Emirates in the...

Egypt’s CIB posts 31pc rise in profit 24 Jul 2014 - 08:15 am

CAIRO: Egypt’s Commercial International Bank, the country’s biggest listed bank, posted a 31 percent rise in net income in the first half of...

Microsoft profit hurt by Nokia buy 24 Jul 2014 - 08:14 am

NEW YORK: Microsoft said profits took a hit from its newly acquired Nokia phone division but that revenues got a strong lift from...

Apple profit up at $7.7bn on China sales 24 Jul 2014 - 08:12 am

SAN FRANCISCO: Apple quarterly profit climbed with strong demand for iPhones, particularly in China where the California company’s revenue surged. The only damper...

Boeing profit up 52pc in Q2, raises outlook 24 Jul 2014 - 08:12 am

WASHINGTON: US aerospace and defense giant Boeing reported yesterday strong second-quarter earnings lifted by higher commercial aircraft deliveries and raised its profit outlook...

Google made failed bid for Spotify 24 Jul 2014 - 08:12 am

NEW YORK: Internet titan Google tried last year to buy streaming music service Spotify but backed off for reasons including a whopping price...

BHP posts record iron ore output in Australia 24 Jul 2014 - 08:11 am

SYDNEY: BHP Billiton posted record annual iron ore production in Western Australia for the fourteenth consecutive year, while Queensland coal production also hit...

Argentina, creditors asked to meet until deal reached 24 Jul 2014 - 08:11 am

NEW YORK: A US judge ordered Argentina and investors who did not participate in the country’s past debt restructurings to meet “continuously” with...

Ooredoo posts QR1.7bn profit 24 Jul 2014 - 07:27 am

DOHA: Telecom major Ooredoo’s revenue touched QR16.5bn in the first half of 2014 (H1, 14), down 3 percent compared to a year ago....

GIS posts record H1 profit, net up 58pc 23 Jul 2014 - 02:26 am

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