Business

Toyota India hires contract workers to restart output 26 Mar 2014 - 05:42 am

NEW DELHI: Japan’s Toyota said yesterday it has hired 1,000 contract workers to help restart production, after its employees refused to return to...

Qatar promotes MICE expertise at GIBTM 26 Mar 2014 - 05:42 am

DOHA: Qatar is attending the Gulf Incentive Business Travel and Meetings Exhibition (GIBTM), which concludes today at the Abu Dhabi National Exhibition Centre...

QInvest bags ‘Qatar Deal of the Year’ award 26 Mar 2014 - 05:42 am

DOHA: QInvest, Qatar’s leading investment bank , was recognised for its role in Ooredoo’s debut $1.25bn Sukuk at the Islamic Finance News Awards. ...

Qatar Exchange back in green, up 51.02 points 26 Mar 2014 - 05:41 am

Doha: Qatar Exchange ended in the green area yesterday, adding 51.02 points, or 0.45 percent, to close at 11,309.53 points from Monday’s close...

Bank of Moscow plans expansion in Crimea soon 26 Mar 2014 - 05:41 am

MOSCOW: Russian banks may want to develop their business in Crimea, with VTB’s Bank of Moscow most interested in expanding there, Kommersant newspaper...

Crimea crisis hits German business: Ifo 26 Mar 2014 - 05:41 am

FRANKFURT: The German Ifo business confidence index fell for the first time for five months in March, data showed yesterday, as the Crimea...

Faysal Bank plans to convert into Islamic 26 Mar 2014 - 05:40 am

Karachi: Karachi-based Faysal Bank (FBL) will convert itself into a full-fledged Islamic lender as its majority shareholder, Bahrain’s Ithmaar Bank, looks to consolidate...

S&P slashes Brazil rating on unclear policy signals 26 Mar 2014 - 05:40 am

WASHINGTON: Standard & Poor’s cut Brazil’s credit rating by one notch, citing the government’s unclear policy signals as it faces a weaker fiscal...

Gulf Capital to sell rest of GMS in two years 26 Mar 2014 - 05:40 am

DUBAI: Abu Dhabi-based private equity firm Gulf Capital plans to sell its remaining stake in Gulf Marine Services within two years in the...

UK’s Kingfisher to return cash to investors 26 Mar 2014 - 05:39 am

LONDON: Kingfisher, Europe’s biggest home-improvements retailer, said yesterday that it will return cash to shareholders after annual profits rose by a quarter, sending...

Sheikh Khalid, UK Minister discuss Islamic banking 26 Mar 2014 - 04:12 am

Baroness Sayeeda Warsi flanked by Sheikh Dr Khalid bin Thani bin Abdullah Al Thani (left) and Abdulbasit Ahmed Al Shaibei in London yesterday....

Qatar well-placed for stable LNG supply 25 Mar 2014 - 09:09 am

RasGas Chief Executive Officer Hamad Rashid Al Mohannadi speaking at an executive leadership panel discussion on the inaugural day of Gastech in Seoul,...

Thales to expand footprint in Qatar, Mideast 25 Mar 2014 - 09:08 am

Doha: Thales, a global technology leader in aerospace, transportation and defence and security markets, is planning to expand its footprint in Qatar and...

Ruble enters Crimea as official currency 25 Mar 2014 - 09:06 am

Russian naval infantry sodiers and local residents wait in line to withdraw money from an automated teller machine outside a Russian bank VTB...

China faces serious obstacles: IMF 25 Mar 2014 - 09:05 am

BEIJING: International Monetary Fund (IMF) chief Christine Lagarde yesterday urged China to carry out reforms to make its economic growth model more inclusive,...

Amlak suspension to be lifted 25 Mar 2014 - 09:03 am

ABU DHABI: The shares of indebted mortgage lender Amlak will resume trading on the Dubai bourse in the second half of this year,...

Qatar bourse slips again, down 0.72pc 25 Mar 2014 - 09:02 am

Doha: Qatar Exchange ended in the red area again — down for a fourth straight session — when trading closed yesterday at 11,258.51...

China oil giants’ profits up despite weak economy 25 Mar 2014 - 09:02 am

SHANGHAI: China’s major onshore oil firms Sinopec and PetroChina said profits rose in 2013, despite weakness in the world’s second largest economy. Sinopec—a...