Business

No squeeze on Orange 07 Mar 2014 - 12:35 am

French telecom operator Orange Chief Executive Stephane Richard (left) and Chief Financial Operator Gervais Pellissier at the company’s annual results presentation in Paris...

GDI doubles assets in three years 07 Mar 2014 - 12:34 am

Doha: Gulf Drilling International (GDI), a subsidiary of Qatar’s largest service group Gulf International Services, has doubled its operations from nine to 18...

US jobless claims tumble to three-month low 07 Mar 2014 - 12:34 am

WASHINGTON: The number of Americans filing new claims for unemployment benefits fell more than expected and hit a three-month low last week, a...

Abu Dhabi signs $1bn loan pact with Serbia 07 Mar 2014 - 12:33 am

ABU DHABI: Serbia has signed an agreement for a $1bn loan from Abu Dhabi, the emirate’s Department of Finance said yesterday, boosting the...

‘Apple moved billions offshore from Australia to avoid tax’ 07 Mar 2014 - 12:33 am

SYDNEY: US tech giant Apple was yesterday accused of shifting nearly Aus$9bn ($8.1bn) in untaxed profits from its Australian operations to Ireland over...

IFC, Goldman Sachs launch fund for female entrepreneurs 07 Mar 2014 - 12:32 am

WASHINGTON: The World Bank’s private finance arm and Goldman Sachs teamed up to launch a $600m fund to increase access to capital for...

Malaysia plans to set up Islamic pension fund 07 Mar 2014 - 12:31 am

KUALA LUMPUR: Malaysia’s $160bn state pension fund has hired consultants to study the possibility of establishing one of the world’s first state-backed pension...

S Korea to pay $550m for Iran oil under deal 07 Mar 2014 - 12:31 am

SEOUL: South Korea will transfer $550m to Iran in its first back oil payment under an interim nuclear deal that eases sanctions on...

Qatar stocks tank on diplomatic row 06 Mar 2014 - 01:31 am

DOHA: Qatar’s stock market tumbled 2.3 percent on a day three GCC countries announced the withdrawal of their ambassadors from Qatar. The market...

Qatar banks record strong growth in GCC 06 Mar 2014 - 01:30 am

DOHA: Banks in Qatar recorded the highest year-on-year growth of 21.3 percent in loan books in the fourth quarter of 2014 (4Q13) in...

UDC, IPRA-GC in deal 06 Mar 2014 - 01:25 am

The Director of Central Authority Directorate at The Pearl Qatar (TPQ), Abdul Rahim Al Ibrahim (left); and the Vice President of Gulf Chapter...

Hilton Worldwide plans expansion in Qatar 06 Mar 2014 - 01:25 am

The officials of the Hilton Worldwide. DOHA: Hilton Worldwide, a leading global hospitality company, yesterday announced expansion plans in Qatar with the signing...

Qatar Steel signs iron ore pellets deal with Vale 06 Mar 2014 - 01:23 am

Jose Martins (left) and Ali bin Hassan Al Muraikhi signing the agreement. Doha: Qatar Steel yesterday announced it has signed an iron ore...

Italian Chamber opens in Qatar 06 Mar 2014 - 01:22 am

Qatari Business Association Chairman Sheikh Faisal bin Qassim Al Thani ( fourth left), Msheireb Properties Board Member Salah Al Jaidah (third right), Italian...

Sharaka Holdings opens Design Lounge 06 Mar 2014 - 01:20 am

Roberta Giorgetti (left) and Christopher Guy. Doha: Sharaka Holdings yesterday announced the opening of their Design Lounge showroom which will help the customers...

Japan may tax bitcoin deals, no bank status 06 Mar 2014 - 01:19 am

Kolin Burges, a self-styled cryptocurrency trader and former software engineer from London, holds up a placard to protest against Mt. Gox, in Tokyo...

Adidas sales up 06 Mar 2014 - 01:18 am

Shareholders of Adidas at Nuremberg office. German sportswear company warned yesterday that its results in 2014 would take a significant hit from weakening...

Luxury cars drive into booming SUV space 06 Mar 2014 - 01:17 am

Porsche’s Macan Turbo is displayed at the group’s stand at the Geneva Motor Show. GENEVA: Massive or small, affordable or off-the scale pricey:...