Business

QCB real estate index touches record high 22 Jul 2014 - 08:14 am

By Satish Kanady DOHA: The Qatar Central Bank’s (QCB) real estate price index hit a record high in June 2014, surging to 230.6...

GDI signs contract with Dolphin Energy 22 Jul 2014 - 08:14 am

Ibrahim J Al Othman, CEO of GDI and Adel Ahmed Albuainain, General Manager, Dolphin Energy at the signing ceremony. DOHA: Gulf Drilling International...

QPMC, N-KOM in deal for building floating jetty 22 Jul 2014 - 08:13 am

Officials at the signing ceremony. DOHA: Nakilat-Keppel Offshore & Marine (N-KOM) has bagged a contract worth QR69m (about $18.95m) to design and construct...

Milaha records QR518m net profit for first half 22 Jul 2014 - 08:12 am

DOHA: Qatar Navigation Company (Milaha) recorded a net profit of QR518m for the first half of 2014 (H1, 14), a 10 percent year-over-year...

Tesco ditches CEO for Unilever man after profit warning 22 Jul 2014 - 08:11 am

LONDON: Tesco is to ditch Chief Executive Philip Clarke and replace him with a turnaround specialist from Unilever, ending a disastrous three year...

Halliburton profits up 20pc 22 Jul 2014 - 08:11 am

The company logo of Halliburton oilfield services corporate offices in Houston, Texas. Halliburton Co, the world’s No. 2 oilfield services provider, reported a...

Airbus A380’s new evacuation slides 22 Jul 2014 - 08:10 am

A model of an A380 Airbus with its evacuation slides deployed is displayed in the lobby at UTC Aerospace Systems in Phoenix, Arizona....

Severstal to sell US units 22 Jul 2014 - 08:09 am

Severstal CEO Alexei Mordashov at the steel mill in Dearborn, Michigan. Russia’s Severstal is to sell its US subsidiaries in a $2.3bn deal...

QFCRA bars former staff of a global bank from taking up jobs 22 Jul 2014 - 08:07 am

DOHA: The Qatar Financial Centre Regulatory Authority (QFCRA) has barred a former employee of QFC-registered international bank from taking up jobs in any...

IMF raises Saudi growth forecast to 4.6pc for 2014 22 Jul 2014 - 08:06 am

DUBAI: Saudi Arabia’s economy is likely to grow 4.6 percent this year, more than previously estimated, helped by a robust performance of the...

ABB, Volvo tie up on fast-recharge electric buses 22 Jul 2014 - 08:06 am

ZURICH: Electric buses which can recharge their batteries fast when at bus stops are to be developed by Swiss-Swedish engineering group ABB and...

Loan growth outpaces deposit growth in June: QNBFS 22 Jul 2014 - 08:05 am

DOHA: Loan growth has outpaced deposit growth in Qatar during the month of June 2014. After posting a growth of 0.4 percent month-on-month...

Britain overhauls pension schemes 22 Jul 2014 - 08:05 am

LONDON: Britain published new rules for private pensions yesterday which give retirees greater freedom to spend their savings as they like, fleshing out...

Mobile demand helps lift Taiwan exports 10.6pc 22 Jul 2014 - 08:05 am

TAIPEI: Taiwan’s export orders in June rose 10.6 percent year-on-year to a 17-month high, largely boosted by continuing strong demand for electronic products,...

Azeri oil output falls 22 Jul 2014 - 08:04 am

BAKU: Azerbaijan’s oil and condensate output fell 2.8 percent in the first half of 2014, a source at the State Statistics Committee said,...

Zimbabwe to list bourse in bid to attract investors 22 Jul 2014 - 08:04 am

HARARE: Zimbabwe will halve its stake in the local bourse as part of a plan to float the company and attract more foreign...

India to firm up stand on global trade agreement 22 Jul 2014 - 08:04 am

SYDNEY/NEW DELHI: India will firm up its position regarding a landmark global trade pact shortly before a Thursday deadline, a senior official said...

China’s oil imports from Iran rise 22 Jul 2014 - 08:03 am

BEIJING: China’s crude imports from Iran in the first half of the year were up nearly 50 percent, although shipments in June dropped...