Business

Vodafone buys Ono for $10bn 18 Mar 2014 - 08:10 am

A shop assistant at an Ono shop in the Andalusian capital of Seville. LONDON: Vodafone agreed yesterday to buy Spanish cable firm Ono...

Twitter CEO in China ‘to learn more’ on tech landscape 18 Mar 2014 - 08:08 am

WASHINGTON: Twitter Chief Executive Dick Costolo (pictured)is visiting China, the biggest market where the popular messaging service is banned, the company said yesterday....

GM recalls 1.5m vehicles more 18 Mar 2014 - 08:07 am

Chevrolet cars are seen at a GM dealership in Miami. DETROIT: General Motors Co will take a $300m charge primarily to cover the...

Agency 222 wins big at Lynx Awards 18 Mar 2014 - 08:06 am

Doha: Celebrating the best of creative advertising, marketing and design in the Mena (Middle East and North Africa) region, Agency 222 won five...

Protest against debt team 18 Mar 2014 - 08:05 am

Public sector workers scuffle with police before the arrival of a team of inspectors from the IMF, the European Commission and the European...

DBS buys SocGen’s Asia private banking business 18 Mar 2014 - 08:03 am

Regional CEO, Asia Pacific of Societe Generale Private banking Asia in Singapore yesterday. SINGAPORE: Singapore’s DBS Bank said yesterday it had agreed to...

Yuan takes a hit after reform 18 Mar 2014 - 08:01 am

A clerk counts 100 Chinese yuan banknotes at a branch of China Merchants Bank in Hefei yesterday. SHANGHAI: China’s yuan weakened against the...

Emaar’s retail unit spin-off plan won’t affect rating, says S&P 18 Mar 2014 - 07:55 am

DUBAI: Standard & Poor’s plans no rating action relating to Dubai’s Emaar Properties after the emirate’s largest listed developer announced plans to spin...

Trade surplus in January shrinks by 1.7pc to hit QR36.98bn 18 Mar 2014 - 07:55 am

DOHA: Qatar’s foreign trade surplus reached QR36.98bn in January 2014, down 1.7 percent from a year ago. period In January 2014, general exports...

QE index back in green, adds 70.60 points 18 Mar 2014 - 07:54 am

Doha: The Qatar Exchange bourse yesterday closed in the green area, adding 70.60 points, or 0.62 percent, to 11,401.65 points from a day...

Toyota suspends Indian auto production after labour unrest 18 Mar 2014 - 07:53 am

TOKYO: Toyota said yesterday it has suspended production at its two Indian auto assembly plants in response to threats against management and “deliberate”...

Pak central bank blocks Meezan stake sale: Noor 18 Mar 2014 - 07:52 am

Kuwait City: Kuwait’s Noor Financial Investment Co said the proposed sale of its stake in Karachi-based Meezan Bank had been blocked by Pakistan’s...

Cautious appetite for risk lifts gold to six-month high 18 Mar 2014 - 07:51 am

LONDON: Gold prices briefly hit their highest in six months yesterday as appetite for risk remained cautious following Crimea’s vote to break from...

Russian tycoon to buy RWE’s oil unit for $7.1bn 18 Mar 2014 - 07:51 am

FRANKFURT: Shares in troubled utility RWE rose after it reached a deal to sell its oil and gas production arm to investors led...

Egypt’s GDP grows 1.2pc 18 Mar 2014 - 07:50 am

CAIRO: Egypt’s economy grew 1.2 percent in the first half of fiscal year 2013-14, the minister of planning said yesterday. Ashraf al-Arabi said...

Eurozone inflation dips to rate-cut level 18 Mar 2014 - 07:43 am

BRUSSELS: Eurozone annual inflation dropped back in February to the level that triggered a surprise cut in interest rates in November, revised data...

MPHC Sept to Dec net profit hits QR0.6bn 17 Mar 2014 - 05:13 am

DOHA: Mesaieed Petro-chemical Holding Company (MPHC), a subsidiary of Qatar Petroleum partially floated on the Qatar Exchange, has recorded QR 0.6bn net profit...

CBQ to focus more on local investments 17 Mar 2014 - 05:12 am

Sheikh Abdullah bin Ali Al Jabor Al Thani (left) with Hussein Al Fardan. Ibrahim Kutty BY MOHAMMAD SHOEB DOHA: After the successful acquisition...