Business

Meet on information security this week 24 Apr 2014 - 01:23 am

DOHA: The forthcoming ‘Information Security Conference’, organised by Qatar Central Bank (QCB) from April 27 to 28 will discuss host of issues related...

Muntajat represents Qatar at ChinaPlas 24 Apr 2014 - 01:23 am

Doha: Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) returned to China to exhibit for the second time at ChinaPlas 2014 trade...

China factory activity shrinks for 4th month 24 Apr 2014 - 01:22 am

BEIJING: China’s factory activity shrank for the fourth straight month in April, signalling economic weakness into the second quarter, a preliminary survey showed...

Saudi Telecom picks banks for debut sukuk 24 Apr 2014 - 01:06 am

DUBAI: Saudi Telecom Co (STC), the Gulf’s biggest telecommunications operator by market value, has picked three banks to manage its debut Islamic bond...

Portugal passes key bond test 24 Apr 2014 - 01:06 am

LISBON: Portugal breezed through a key bond market test yesterday, enjoying sharply lower borrowing costs just weeks before it exits a €78bn rescue...

Masraf Al Rayan’s first quarter net profit up 8pc 24 Apr 2014 - 01:03 am

DOHA: Masraf Al Rayan achieved net profit of QR432m for the first quarter of 2014, an increase of 8 percent compared to similar...

Top GM engineer to leave in post-recall rejig 24 Apr 2014 - 01:03 am

DETROIT/WASHINGTON: General Motors’ top engineering executive, a longtime colleague and key lieutenant of Chief Executive Mary Barra, is retiring in the automaker’s highest...

Toyota India ends standoff 24 Apr 2014 - 01:03 am

BANGALORE: Japanese carmaker Toyota said employees at its strike-hit complex in southern India returned to work Tuesday, ending a five-week standoff. Unionised employees...

Renault freezes Russian auto project, blames ruble’s slump 24 Apr 2014 - 01:02 am

PARIS: French automaker Renault has frozen a project to make commercial vehicles with Russian company Zil because of the fall of the ruble,...

China yuan touches 16-month low 24 Apr 2014 - 12:45 am

SHANGHAI: China’s yuan currency extended its downtrend against the dollar yesterday to touch a 16-month low, despite the country’s central bank fixing its...

BP sells interests in four Alaska oilfields 24 Apr 2014 - 12:44 am

Alaska: British oil and gas major BP Plc said it sold its interests in four oilfields on the Alaska North Slope for an...

Qatar bourse index touches historic high 23 Apr 2014 - 04:07 am

By Satish Kanady DOHA: Qatar’s bourse surged to its highest closing level ever, breaking its main index record yesterday on the back of...

MPHC posts QR463.8m net profit 23 Apr 2014 - 01:09 am

DOHA: Mesaieed Petrochemical Holding Company (MPHC), a subsidiary of Qatar Petroleum and one of the region’s premier diversified petrochemical conglomerates, delivered an impressive...

Ezdan Holding Group buys 20.16pc of Widam shares 23 Apr 2014 - 01:07 am

DOHA: Ezdan Holding Group yesterday announced the acquisition of up to 20.16 percent shares of Widam Food Co (previously Mawashi), in a step...

Nakilat expands LNG fleet 23 Apr 2014 - 01:05 am

(From left) Bassel Gamal, QIB Group CEO , Eng. Abdullah Fadhalah Al Sulaiti, Managing Director of Nakilat, and Khalid Al Subeai, Acting CEO...

Harley-Davidson earnings roar ahead 23 Apr 2014 - 01:05 am

Parked motorcycles at the Harley-Davidson Museum in Milwaukee, Wisconsin. Harley-Davidson Inc posted a stronger-than-expected quarterly profit yesterday, lifted by strong sales growth outside...

Mazaya eyes education sector 23 Apr 2014 - 01:02 am

(From left) Midhat Saleh, Rashid Yaqoub Al Nafisi, Abdullah Ali Al Kuwari, Mohamed Ali M Al Kubaisi, Chairman, Hamad bin Ali Al Hedfa,...

China auto show draws huge crowd 23 Apr 2014 - 01:01 am

A model poses on a Toyota FV2 concept car at the Auto China 2014 Beijing International Automotive Exhibition in Beijing. The auto show...