Business

Singapore banks beat forecasts 01 May 2014 - 07:09 am

People use United Overseas Bank (UOB), Development Bank of Singapore (DBS) and Oversea-Chinese Banking Corp (OCBC) automated teller machines at the airport in...

Playmobil turns 40 01 May 2014 - 07:08 am

Employees work in the packaging section at the Playmobil Malta factory in the Hal Far Industrial Estate outside Valletta. Playmobil is celebrating its...

Tuk Tuk eyes US market 01 May 2014 - 07:07 am

Sander de Block, head of the business development of the Tuk Tuk Factory, in Diemen, The Netherlands, yesterday. The company will expand to...

Qatari fund buys UK’s Heritage Oil for $1.6bn 01 May 2014 - 07:06 am

LONDON: British oil company Heritage Oil agreed a £924m ($1.6bn) takeover offer from a Qatari fund, Al Mirqab Capital. Heritage, whose main oil...

QE index adds 50.64 points 01 May 2014 - 07:06 am

Doha: Qatar Exchange closed in the green area yesterday by adding 50.64 points more to advance to 12,677.59 points from 12,626.95 on Tuesday,...

Opec output up in April 01 May 2014 - 07:05 am

LONDON: Opec’s oil output has risen in April from March’s three-month low, a survey found yesterday, although African outages and sabotage in Iraq...

Barwa Real Estate posts QR266m net profit in Q1 01 May 2014 - 07:05 am

DOHA: Barwa Real Estate Group delivered a net profit of QR266m with QR0.68 per share, compared to QR158m and QR0.41 profit per share...

Consumer demand rise must for China growth 01 May 2014 - 07:04 am

Doha: China is undergoing a fundamental shift in its economic structure. For the last 30 years, the Chinese economy has been driven by...

Fitch upgrades Al Khalij rating 01 May 2014 - 07:04 am

DOHA: Al Khalij Commercial Bank (al khaliji) announced that Fitch Ratings has upgraded its long-term issuer default rating (IDR) to ‘A’ from ‘A-’....

Greece expects to beat target, may issue bonds 01 May 2014 - 07:03 am

ATHENS: Greece said yesterday it expected to beat a 2014 budget target set by its international lenders and may tap bond markets again...

Eurozone inflation edges up, ECB action seen less likely 01 May 2014 - 07:03 am

BRUSSELS: Eurozone inflation rose in April, reducing chances the European Central Bank will act soon to ward off deflation, but the pace of...

Business-to-business matchmaking zone open at QITCOM 2014 01 May 2014 - 07:03 am

Doha: The Organising Committee of Qatar ICT Conference and Exhibition (QITCOM 2014), which is set to be held at the Qatar National Convention...

Daimler says profits nearly double in Q1 01 May 2014 - 07:02 am

FRANKFURT: German carmaker Daimler said yesterday it got off to a good start in 2014 with profits nearly doubling in the first three...

Etihad-Alitalia talks on, but won’t budge on demands 01 May 2014 - 07:02 am

MILAN: Etihad Airways has signalled that it is ready to continue talks on a potential investment in Italy’s troubled Alitalia but it refuses...

Batelco Q1 profit up 8pc to $38.46m 01 May 2014 - 07:01 am

DUBAI: Bahrain Telecomm-unications Co (Batelco) posted an 8 percent rise in first-quarter profit yesterday as the operator added more domestic subscribers and revenue...

IMF says Russia is in recession, cuts forecast 01 May 2014 - 07:01 am

MOSCOW: The International Monetary Fund said yesterday that Russia is already in recession and slashed its growth forecast for 2014 citing the effect...

Qatar research community prepares for supercomputing 01 May 2014 - 04:46 am

Doha: Qatar Foundation Research and Development (QF R&D) yesterday gathered experts at the inaugural National Computing Infrastructure for Research (NCIR) User Forum in...

Businesswoman blasts Qatar Chamber for bias 01 May 2014 - 03:44 am

Suhaila Rabia Hareb. Kammutty VP By MOHAMED OSMAN DOHA: A Qatari businesswoman says she was not allowed to contest the upcoming May 12...