Business

Award for Malabar Gold & Diamonds 13 Feb 2014 - 09:52 am

Shamlal Ahammed M P, Managing Director- International Operations, Malabar Gold & Diamonds, receiving an award from Sheik Dr Sultan bin Mohammed Al Qassimi,...

SoftBank net profit dips 13 Feb 2014 - 09:51 am

Softbank Corp CEO Masayoshi Son at a news conference in Tokyo yesterday. SoftBank Corp, which runs Japan’s third-largest mobile carrier by subscriber numbers,...

TUI trims losses 13 Feb 2014 - 09:49 am

Friedrich Joussen, CEO of German travel and tourism giant TUI, at the company’s annual general meeting yesterday in Hanover, central Germany. TUI said...

Toyota recalls 1.9 million Prius cars worldwide 13 Feb 2014 - 09:46 am

A sign advertising a financing incentive for purchase of Prius hybrid vehicles on the lot of a Toyota dealership in Alexandria, Virginia, the...

Aldar Property to refinance $2.2bn debt 13 Feb 2014 - 09:45 am

DUBAI: Aldar Properties said yesterday that it would look to refinance Dh7.9bn ($2.2bn) of debt maturing this year, as the Abu Dhabi developer...

Turkey’s Kiler to issue $100m sukuk 13 Feb 2014 - 09:44 am

ISTANBUL: Turkish real estate investment trust Kiler GYO is planning to issue a five-year Islamic bond worth at least $100m in the second...

Zain Bahrain plans stock flotation by end June 13 Feb 2014 - 09:44 am

DUBAI: Zain Bahrain, the island’s No. 1 telecom operator by subscribers, will launch its long-awaited stock market flotation by the end of June,...

Opec joins US in predicting stronger 2014 oil demand 13 Feb 2014 - 09:43 am

LONDON: World oil demand will rise slightly more than expected in 2014, Opec said yesterday, becoming the second major forecaster this week to...

Kuwait approves $12bn for clean fuel projects 13 Feb 2014 - 09:34 am

KUWAIT: Kuwait has approved bids worth a total of $12bn for major upgrades at two oil refineries, the state-run oil company said, in...

Malaysia records 5.1pc growth in fourth quarter 13 Feb 2014 - 09:34 am

KUALA LUMPUR: Malaysia’s economy grew a solid 5.1 percent in the fourth quarter of last year as exports picked up, the central bank...

As West cuts, global defence industry balance shifts 13 Feb 2014 - 09:33 am

LONDON: Fuelled by growing strains in Middle East and Asia, global defence spending looks set to rise in 2014 for the first time...

Pressure mounts on Vodafone as Ono plans stock listing 13 Feb 2014 - 09:32 am

MADRID/LONDON: Spain’s largest cable operator, Ono, said it was pressing ahead with its plan for a stock market sale, putting pressure on Britain’s...

Mena pension fund to hit $5 trillion by 2020 13 Feb 2014 - 09:29 am

DOHA: Global assets under management (AuM) will exceed $100 trillion by 2020, with compound annual growth (CAGR) of nearly 12 percent for Middle...

China’s trade surplus surges 13 Feb 2014 - 09:28 am

BEIJING: China’s trade surplus surged in January, according to data showing exports strengthened markedly in a potentially brighter note for the world’s second-biggest...

Pressure mounts on Vodafone as Ono plans stock listing 13 Feb 2014 - 09:20 am

MADRID/LONDON: Spain’s largest cable operator, Ono, said it was pressing ahead with its plan for a stock market sale, putting pressure on Britain’s...

International Islamic focuses on local expansion 13 Feb 2014 - 06:15 am

Sheikh Dr Khalid bin Thani Al Thani (third left) and Abdul Basit Al Shaibie (centre) with other board members and officials at the...

Pressure mounts on Vodafone as Ono plans stock listing 13 Feb 2014 - 12:23 am

MADRID/LONDON: Spain’s largest cable operator, Ono, said it was pressing ahead with its plan for a stock market sale, putting pressure on Britain’s...

Qatar bourse index gains 91.35 points 13 Feb 2014 - 12:09 am

Doha: Qatar Exchange continued its upswing trend yesterday by adding 91.35 points (0.80 percent) to advance to 11,452.97 points from its previous closing...