Business

UAW suddenly retreats from fight at VW 23 Apr 2014 - 12:36 am

DETROIT: The United Auto Workers, surprising even its supporters, on Monday abruptly withdrew its legal challenge to a union organising vote that it...

UniCredit, Intesa partner with KKR on loan rejig 23 Apr 2014 - 12:36 am

MILAN: Italy’s two biggest banks, Intesa Sanpaolo and UniCredit, have signed a deal with US private equity firm KKR and restructuring adviser Alvarez...

Portugal due to exit bailout in May 23 Apr 2014 - 12:36 am

LISBON: Portugal’s international lenders started yesterday their last evaluation of its performance under its bailout, with further reforms on the agenda and the...

Egypt’s SODIC posts net loss of $64m 23 Apr 2014 - 12:35 am

CAIRO: Egyptian property developer SODIC swung to a net loss of 447.1m Egyptian pounds ($64m) last year, due to one-off items including a...

Abu Dhabi Commercial Bank net profit climbs 15pc 23 Apr 2014 - 12:07 am

DUBAI: Abu Dhabi Commercial Bank reported a 15 percent increase in first-quarter net profit yesterday, beating analysts’ expectations, as the lender benefited from...

Kuwait Oil posts KD1.13bn profits 23 Apr 2014 - 12:06 am

Kuwait: Kuwait Oil Company (KOC) said profits for 2013-14 fiscal year ending on March 31, amounted to KD1.13bn. KOC CEO Hashem Hashem said...

GIS net profit up 38.9pc to QR188.6m 22 Apr 2014 - 01:28 am

H E Dr Mohamed bin Saleh Al Sada DOHA: Gulf International Services (GIS), the largest service group in Qatar with interests in a...

Online initiatives for businessmen launched 22 Apr 2014 - 01:25 am

Doha: The Ministry of Economy and Commerce yesterday announced online service for businessmen and consumers. The initiative will allow businessmen to get various...

Intercol, Alcatel Lucent celebrate 20 years of partnership 22 Apr 2014 - 01:18 am

Sheikh Faisal bin Qassim Al Thani and other officials at the ceremony. DOHA: Intercol Dyarco, one of Qatar’s leading communications and technology services...

Used-car market in China to grow faster 22 Apr 2014 - 01:17 am

A model poses by a Cadillac CTS car at the ‘Auto China 2014’ Exhibition in Beijing yesterday. BEIJING: China’s car market is just...

Traders await corporate earnings 22 Apr 2014 - 01:16 am

Traders work on the floor of the New York Stock Exchange yesterday in New York City after a long holiday weekend. Many investors...

Woqod results on April 29 22 Apr 2014 - 01:15 am

DOHA: Woqod’s Board of Directors duly chaired by Sheikh Saoud bin Abdulrahman Al Thani, the Chairman, held its meeting yesterday to discuss the...

QE index closer to historic high 22 Apr 2014 - 01:09 am

DOHA: Qatar bourse extended its rally for the fifth straight session yesterday lifting the main index closer to Qatar Exchange’s (QE) historical highs....

QCB Governor visits Korea Stock Exchange 22 Apr 2014 - 01:07 am

Seoul: The Governor of Qatar Central Bank (QCB), H E Sheikh Abdullah bin Saud Al Thani, yesterday paid an inspecion tour of the...

TCS, Mitsubishi join hands for new IT firm 22 Apr 2014 - 01:05 am

MUMBAI: India’s biggest outsourcing firm Tata Consultancy Services (TCS) and Japan’s Mitsubishi Corp said yesterday they are teaming up to create a Japanese...

Barclays to exit major commodities trading 22 Apr 2014 - 01:03 am

LONDON/NEW YORK: Barclays is planning to withdraw from large parts of the metals, agricultural and energy markets as part of a restructuring of...

Egypt to lift natural gas prices for homes, businesses 22 Apr 2014 - 01:03 am

CAIRO: Egypt plans to double the price of natural gas piped into some homes and businesses from next month, but the move will...

QNB launches Commodity Fund 22 Apr 2014 - 01:00 am

DOHA: QNB launched its QNB Commodity Fund, an innovative investment tool that is regulated by Qatar Central Bank (QCB) and provides a huge...