Business

South Korea raises 2013 GDP growth to 3pc 27 Mar 2014 - 07:42 am

Seoul: South Korea’s economy expanded three percent last, the central bank said yesterday, better than a previous estimate as it was boosted by...

Carpetright warns on profits 27 Mar 2014 - 07:42 am

LONDON: Carpetright, Britain’s biggest floor coverings retailer, has cut its annual profit forecast for the third time in less than six months, saying...

Qatar Exchange upswing trend on, adds 0.19pc 27 Mar 2014 - 07:40 am

Doha: Qatar Exchange pursued its upswing trend yesterday by adding 21.93 points, or 0.19 percent, to advance to 11,331.46 points from 11,309.53 on...

Egypt mulls trade zone with Russia 27 Mar 2014 - 07:40 am

MOSCOW: Egypt has resumed talks about the creation of a free trade zone with the customs union of Russia, Belarus and Kazakhstan, Egyptian...

Siemens plans long-term Russia investment: CEO 27 Mar 2014 - 07:40 am

MOSCOW: The chief executive of Siemens told President Vladimir Putin yesterday the German industrial giant plans long-term investment in Russia, in a key...

UK to sign yuan deal with China next week 27 Mar 2014 - 07:39 am

LONDON: Britain and China will sign an agreement next week to set up the first clearing service for renminbi (yuan) trading outside Asia,...

MPHC signs CBQ to distribute dividends 27 Mar 2014 - 05:17 am

Al Subaey (left) and Al Raisi exchange dividend distribution agreement documents yesterday.Salim Matramkot DOHA: Mesaieed Petro-chemical Holding Company (MPHC) yesterday inked a distribution...

QIB eyes stake in Bank Asya 26 Mar 2014 - 05:58 am

Doha: Qatar Islamic Bank (QIB), Qatar’s leading Islamic bank, yesterday confirmed that it has entered into exclusive discussions to acquire a strategic stake...

Qatar seeks to become region’s business hub 26 Mar 2014 - 05:57 am

HE Ali Sherif Al Emadi delivering the keynote address at the World Exchange Congress yesterday. Kammutty VP Doha: Qatar seeks to become a...

UDC wants to go beyond Pearl boundaries 26 Mar 2014 - 05:56 am

UDC Chairman Turki Mohamed Khaled Al Khater (fourth right) with other officials yesterday. Salim Matramkot BY MOHAMMAD SHOEB DOHA: Faced with a sharp...

Bankers skip big deals for Alibaba IPO 26 Mar 2014 - 05:54 am

An employee walks past a logo of Alibaba Group at its headquarters on the outskirts of Hangzhou, Zhejiang. HONG KONG: Every big bank...

QP showcases operations at Gastech 26 Mar 2014 - 05:53 am

HE Dr Mohamed bin Saleh Al Sada (centre) along with other officials at the QP pavilion in Seoul. Doha/Seoul: Qatar Petroleum (QP) along...

Osborne visits Tata Steel factory 26 Mar 2014 - 05:52 am

Britain’s Chancellor of the Exchequer George Osborne visits Tata Steel in Port Talbot, Wales, yesterday.

Quantitative easing not out of the question: ECB 26 Mar 2014 - 05:51 am

FRANKFURT: The European Central Bank could buy loans and other assets from banks to help support the eurozone economy, Germany’s Bundesbank has said,...

Royal Mail to axe jobs after going private 26 Mar 2014 - 05:48 am

A postal worker outside a Royal Mail sorting office in northern England. LONDON: Royal Mail plans to axe 1,600 jobs under a fresh...

Oriental Weavers net up 30pc 26 Mar 2014 - 05:46 am

People sit in front of market by Egypt’s Oriental Weavers, the world’s biggest machine-woven carpet maker, during its annual exhibition in Cairo. Oriental...

QFC RA reprimands RBS for insufficient training 26 Mar 2014 - 05:43 am

DUBAI: Qatar’s financial regulator has reprimanded Royal Bank of Scotland for insufficient training of its branch staff, it said yesterday. “Although RBS QFC...

Batelco plans further buy-back of 2020 bonds 26 Mar 2014 - 05:42 am

LONDON: State-run Bahrain Telecommunications (Batelco) plans to buy back a third of outstanding bonds due in 2020, using excess liquidity from a scrapped...