Business

Ooredoo, Cisco in deal for better services 16 Apr 2014 - 01:18 am

Sheikh Saud bin Nasser Al Thani, CEO, Ooredoo Qatar with Chris Dedicaot, President, Europe, Middle East, Africa, Russia, Cisco. DOHA: Ooredoo and Cisco...

Infosys net profit up 25pc, beats forecasts 16 Apr 2014 - 01:17 am

BANGALORE: Indian outsourcing giant Infosys yesterday reported quarterly net profit rose by a surprise 25 percent, lifted by new European and US contracts,...

Tasweeq, Idemitsu celebrate 35 years 16 Apr 2014 - 01:08 am

H E Dr Al Sada and other dignitaries at the celebration ceremony. DOHA: Qatar International Petroleum Marketing Company Ltd (Tasweeq) held a special...

Portugal will strip €1.4bn from budget 16 Apr 2014 - 01:07 am

Portugal’s Finance Minister Maria Luis Albuquerque in Lisbon yesterday. LISBON: Portugal yesterday laid out savings designed to strip €1.4bn from its budget in...

Ukraine currency recovers on 46pc rate hike 16 Apr 2014 - 01:06 am

Klaus-Dieter Borchardt (left), Director for Energy Markets at the European Commission, with Slovak Economy Minister Tomas Malatinsky at a delivery station of pipeline...

Qatar Steel hosts traders’ meet 16 Apr 2014 - 01:05 am

Traders and distributors at the annual gathering. DOHA: The Qatar Steel has hosted its 11th Traders’ Annual Gathering. The official ceremony was held...

Europe banks prepare for ECB tests 16 Apr 2014 - 01:04 am

ECB President Mario Draghi. LONDON: The tens of billions of euros eurozone banks set aside for loan losses in their latest annual accounts...

Coca-Cola sales beat estimates 16 Apr 2014 - 01:03 am

Coca Cola company workers protest against the closure of the company’s plant in Fuenlabrada in Madrid, Spain, yesterday. Coca-Cola reported better-than-expected quarterly revenue...

Chinese firms hold 1,000 tonnes of gold 16 Apr 2014 - 01:02 am

Customers are reflected in a mirror as they look at gold accessories at a gold store in China’s Xuchang. Chinese firms could have...

Banks, property developers lift Qatar bourse 16 Apr 2014 - 12:35 am

DOHA: Qatar’s bourse rallied yesterday after a two-day pull-back. The index rose 1.5 percent with property names leading the turnover. Shares in United...

Qatar’s cement demand to double in next three years 16 Apr 2014 - 12:35 am

DOHA: Driven by heavy government infrastructure spending, Qatar’s domestic cement demand is projected to grow double from the current levels within next three...

India inflation hits three-month high 16 Apr 2014 - 12:34 am

NEW DELHI: India’s inflation accelerated to a three-month high in March, data showed yesterday, dashing hopes of interest rate cuts to revive a...

Barclays faces backlash over bonuses 16 Apr 2014 - 12:34 am

LONDON: Barclays’ Chief Executive Antony Jenkins is facing a high-wire act to overhaul the firm’s investment bank without undermining a division that contributes...

Al Faisal, HLG in settlement 16 Apr 2014 - 12:34 am

DOHA: Al Faisal Holding (AFH) entered into a settlement agreement with Habtoor Leighton Group (HLG), the company said yesterday. According to the agreement,...

France will stick to EU deficit target 16 Apr 2014 - 12:33 am

PARIS: France will stick to the country’s EU-set budget deficit reduction target, the new finance minister insisted yesterday, dismissing earlier indications that Paris...

RWE to supply natural gas to Ukraine 16 Apr 2014 - 12:33 am

FRANKFURT: RWE, Germany’s second-biggest power supplier, said yesterday it will start gas deliveries to Ukraine as Russia threatens to cut off the country’s...

Russia could be hit by zero growth in 2014 16 Apr 2014 - 12:33 am

MOSCOW: The Russian economy could be set back to zero growth this year, the finance minister warned yesterday amid growing spending on Crimea...

Kuwait to award $4.3bn oil contract 16 Apr 2014 - 12:32 am

KUWAIT: Kuwait plans to award a KD1.2bn ($4.3bn) contract later this year for the first phase of a project to produce heavy oil...