Business

QIC to provide full insurance service for HIA 13 May 2014 - 08:44 am

DOHA: Qatar Civil Aviation Authority (QCAA) yesterday announced the appointment of Qatar Insurance Company (QIC) as an “insurance bond carrier” to provide full...

India stocks hit record, rupee strengthens to nearly 10-month high 13 May 2014 - 08:44 am

MUMBAI: India’s stock market closed at a second straight record high yesterday while the rupee rallied on hopes that exit polls will show...

GCC project awards could rise by 20pc in 2014: MEED 13 May 2014 - 08:43 am

Doha: The value of new contract awards in the GCC could rise by 20 percent to $178bn, a new record for the region’s...

Saudi, Opec would cover for Ukraine-related oil shortage 13 May 2014 - 08:43 am

SEOUL: Top global oil exporter Saudi Arabia will step in to cover any potential shortage arising from the Ukraine crisis, its oil minister...

Allergan board rejects Valeant takeover bid 13 May 2014 - 08:42 am

NEW YORK: Allergan, the US maker of Botox, rejected yesterday a takeover bid from Valeant Pharmaceuticals, saying it “substantially undervalues” the company and...

Aldar sees project completions driving revenue growth 13 May 2014 - 08:42 am

ABU DHABI: Payments for completing projects should drive revenue growth at Aldar Properties in the next two quarters, as the largest property developer...

Mobiles driving up US online retail sales 13 May 2014 - 08:41 am

WASHINGTON: US online retail sales are expected to grow to $294bn this year, with nearly one-third of the total from mobile devices, a...

Bahrain set to grow in non-oil sectors in 2014 13 May 2014 - 08:41 am

Manama: The Economic Development Board (EDB) recently said that the Kingdom’s non-oil sector is well positioned for growth in 2014 following a sharp...

Drake & Scull Q1 profit comes down 13 May 2014 - 08:40 am

DUBAI: Dubai’s Drake & Scull said yesterday that unforeseen delays to two major projects in Saudi Arabia were responsible for the contractor missing...

France recovery struggling to gain momentum 13 May 2014 - 08:40 am

PARIS: The French economy will grow by just 0.2 percent in the second quarter of 2014, the central bank forecast yesterday, as company...

BSkyB in talks to unite Murdoch’s pay-TV businesses in Europe 13 May 2014 - 08:39 am

LONDON/FRANKFURT: Britain’s largest pay-TV company BSkyB is in talks to buy Sky Deutschland and Sky Italia, a €10bn deal that would realise Rupert...

Sharp returns to profit after two years 13 May 2014 - 08:39 am

TOKYO: Struggling Japanese electronics maker Sharp said it had swung back to profit for the full year to March after two years of...

Serbia to pass measures to boost its economy 13 May 2014 - 08:39 am

BELGRADE: Serbia plans to adopt measures this week including subsidies for commercial corporate loans and tax relief for new job hires to revive...

Chamber polls put off due to lack of quorum 13 May 2014 - 03:44 am

FROM LEFT: Abdul Rahman Al Najjar, Abdul Lateef Al Missned and Suhaila Rabia Al Hareb. DOHA: The election to the 17-member Board of...

QE investors richer by QR95.8bn in 2013 12 May 2014 - 01:57 am

DOHA: Investors on the Qatari bourse (Qatar Exchange) became richer by QR95.8bn ($26.3bn) in 2013 as the market capitalisation of the bourse rose...

Free Internet on NY buses 12 May 2014 - 01:55 am

Passengers line up to board Megabus buses in New York City. Discount US carriers are luring a new generation of riders from young...

Greece’s jobless rate improves 12 May 2014 - 01:54 am

A woman stands inside a Greek Manpower Employment Organisation office in Athens. Greece’s jobless rate improved in February to its lowest rate in...

Venezuela auto industry collapses 12 May 2014 - 01:53 am

An empty car concessionaire store in Caracas. CARACAS: Venezuelans, who enjoy free highways and dirt-cheap gas, are struggling to buy cars as production...