Business

QAC posts sales growth for second consecutive year 21 Jul 2014 - 02:35 am

Doha: Qatar Automobiles Company (QAC) has reaffirmed its market leadership with a record sales growth for a second consecutive year. The authorised dealer...

Oman likely to rescue Bulgaria’s Corpbank 21 Jul 2014 - 01:58 am

MUSCAT: An Omani sovereign wealth fund and other shareholders in Bulgaria’s Corporate Commercial Bank are seeking to stabilise the troubled lender and hope...

Britain to unveil new pension rules today 21 Jul 2014 - 01:53 am

LONDON: Britain will today announce new rules for the pensions industry that will give retirees greater access to their savings, fleshing out plans...

SABIC net profit rises 7pc in Q2 21 Jul 2014 - 01:53 am

DUBAI: Saudi Basic Industries Corp (SABIC), one of the world’s largest petrochemicals groups and the Gulf’s largest listed company, reported a 7 percent...

ENBD repays final $1.1bn govt support 21 Jul 2014 - 01:52 am

DUBAI: Emirates NBD, Dubai’s largest lender, has repaid the remaining Dh4bn ($1.1bn) of support which it received from the United Arab Emirates government...

Britain to unveil new pension rules today 21 Jul 2014 - 01:48 am

LONDON: Britain will today announce new rules for the pensions industry that will give retirees greater access to their savings, fleshing out plans...

Al Khodari profit slumps 68.8pc, misses forecasts 21 Jul 2014 - 01:47 am

DUBAI: Major Saudi Arabian construction firm Abdullah Abdul Mohsin Al Khodari Sons Co reported a 68.8 percent slump in second-quarter net profit yesterday,...

Google best placed for growth after transition to mobile 21 Jul 2014 - 01:46 am

New York: Google Inc is the best placed of any company to benefit from the shift to mobile, increased local advertising and wearables,...

Germany warns ECB on asset bubbles 21 Jul 2014 - 01:46 am

BERLIN: German Finance Minister Wolfgang Schaeuble warned the European Central Bank yesterday that a loose monetary policy runs the risk of causing asset...

Truck firm Volvo expects $64.35m charge on court ruling in Q3 21 Jul 2014 - 01:46 am

STOCKHOLM: AB Volvo said at the weekend it expected a 440m Swedish crown ($64.35m) hit to operating income in the third quarter after...

US jury awards $23bn punitive damages against RJ Reynolds 21 Jul 2014 - 01:46 am

ORLANDO: A Florida jury has awarded the widow of a chain smoker who died of lung cancer punitive damages of more than $23bn...

Weekly Money Market Review with IBQ: Geopolitical upheavals weigh on markets 20 Jul 2014 - 11:23 pm

The US Dollar rallied against the world’s major currencies last week, as the Federal Reserve recognized improvement in the US labor market combined...

Renminbi rise an opportunity for Qatar: QNB 20 Jul 2014 - 02:00 am

Doha: China is opening up to the world and is promoting the wider global use of its currency, the Renminbi (RMB). This could...

Al Khaliji posts QR149.6m Q2 profit 20 Jul 2014 - 01:57 am

Al khaliji Chairman Sheikh Hamad bin Faisal bin Thani Al Thani (left) and CEO Robin McCall DOHA: Al Khaliji bank reported a net...

Doha Insurance gets S&P’s rating upgrade 20 Jul 2014 - 01:57 am

DOHA: Insurance major Doha Insurance yesterday announced that Standard & Poor’s Ratings Services (S&P) has raised its financial strength and counterparty credit ratings....

Gaby-Luise Wuest named Infiniti VP, Global Operations 20 Jul 2014 - 01:56 am

DOHA: Infiniti has named Gaby-Luise Wuest (pictured)its new Vice President, Global Operations, effective September 1, 2014. In this capacity, she will have global...

GDI bags QR1.2bn QP contract for new rig 20 Jul 2014 - 01:55 am

GDI’s Chief Executive Officer Ibrahim J Al Othman DOHA: Gulf Drilling International Limited (GDI), a subsidiary of Gulf International Services (GIS) and the...

Peugeot sales up 5.7pc in H1 20 Jul 2014 - 01:54 am

DOHA: Automobile major Peugeot said that its sales worldwide improved by 5.7 percent during the first half of 2014, to 853,000 units helped...