Business

Barwa, Labregah agree on Barwa City share deal 20 Jun 2014 - 12:17 am

DOHA: Barwa Real Estate Company and Labregah Real Estate Company entered into a share sale and purchase agreement regarding the sale of Barwa...

GE sweetens offer for Alstom 20 Jun 2014 - 12:17 am

NEW YORK: General Electric yesterday proposed several industrial alliances and the sale of its signalling business to Alstom as it seeks French government...

India plans Iran oil payments via UAE 20 Jun 2014 - 12:16 am

NEW DELHI: India plans to clear some pending oil payments to Iran through the United Arab Emirates central bank, three sources with knowledge...

Former CEO of Arabtec to hold on to stake 20 Jun 2014 - 12:16 am

ABU DHABI: The former chief executive of major Dubai construction firm Arabtec, who abruptly resigned from the company this week, said he has...

Indian PSUs to offer stake sale worth $10bn 20 Jun 2014 - 12:15 am

MUMBAI: India’s capital market regulator said the government should dilute its stake in listed public-sector utilities (PSUs) over the next three years and...

Russia to build gas pipeline to China in Aug 20 Jun 2014 - 12:15 am

Moscow: Russia’s energy giant Gazprom said it will start welding seams of its major pipeline for gas supplies to China in August. “We...

US jobless claims fall 20 Jun 2014 - 12:15 am

WASHINGTON: New US claims for unemployment insurance benefits fell last week, continuing to point to a downward trend in job losses, official data...

BlackBerry back in black 20 Jun 2014 - 12:14 am

MONTREAL: Canadian smartphone maker BlackBerry, under new leadership, announced a small profit in a surprising turnaround yesterday, despite a huge drop in revenues....

Renault seeks partner to start Iran business 20 Jun 2014 - 12:14 am

ISTANBUL: French carmaker Renault is looking for a financial partner to resume full operations in Iran and is in talks with the US ...

Loans outpace deposits on global pick-up: QNB 19 Jun 2014 - 10:25 am

DOHA: The loan growth of banks in Qatar outpaced deposit growth in May. After posting a growth of 0.6 percent month-on-month (MoM) in...

GE set to boost Alstom bid, rivalling Siemens, Mitsubishi 19 Jun 2014 - 10:24 am

PARIS: General Electric is set to make an improved offer for parts of French power-to-rail group Alstom by the end of the week,...

India Inc picks women relatives to meet quotas 19 Jun 2014 - 10:23 am

Reliance Industries Chairman Mukesh Ambani (left) with his wife Nita at the company’s annual shareholders’ meeting in Mumbai yesterday. MUMBAI: Confronted by a...

Volvo eyes China as export hub 19 Jun 2014 - 10:22 am

A model poses with a Volvo concept car at Auto China 2014 in Beijing. Sweden’s Volvo Car Corp, with a help from its...

Economic roundtable in London 19 Jun 2014 - 10:21 am

Britain’s Prime Minister David Cameron (fourth right), Chinese Premier Li Keqiang (third right), Chancellor of the Exchequer George Osborne (second right), IMF Managing...

Airline fares highest in 15 years 19 Jun 2014 - 10:20 am

Passengers check in for their flights at O’Hare International Airport yesterday in Chicago. US consumer prices increased in May by the largest amount...

Qatar top contributor to Kuwait FDI 19 Jun 2014 - 10:18 am

DOHA: With contributing a massive 65.6 percent of Kuwait’s total foreign direct investment (FDI) inflow into Kuwait, Qatar ranks top among all other...

Qatari tourists visiting Turkey up 19 Jun 2014 - 10:17 am

Doha: Turkey remains one of the most popular holiday destinations for Qataris as number of Qataris visiting Turkey increased by 46 percent during...

Reliance announces $30bn investment drive 19 Jun 2014 - 10:16 am

MUMBAI: India’s largest private company, Reliance Industries, said yesterday it will invest $30bn over three years to finish projects across its sprawling businesses....