Business

NBK posts $844m net profit 23 Jan 2014 - 08:10 am

Doha: National Bank of Kuwait (NBK), the largest Kuwaiti bank, reported net profits of $844m (KD238.1m) for the year 2013 compared with $1,082m...

HDFC faces tough battle as Indian banks push home loans 23 Jan 2014 - 08:05 am

MUMBAI: Indian mortgage lender Housing Development Finance Corp Ltd (HDFC), loved by global investors for its steady profit growth, faces an intensifying battle...

BoJ stands pat on easing, says winning deflation battle 23 Jan 2014 - 08:05 am

TOKYO: The head of the Bank of Japan yesterday said its monetary easing blitz was winning the war on deflation as policymakers held...

Qatar to lead GCC full-year earnings 23 Jan 2014 - 08:04 am

DOHA: Supported strongly by Qatar, the full-year earnings of GCC is estimated at 12 percent in 2014. The real estate sector, underpinned by...

Emirates Steel seeks $1.3bn loan to help refinance debt 23 Jan 2014 - 08:04 am

DUBAI/ABU DHABI: Abu Dhabi’s Emirates Steel is in talks with banks for a $1.3bn loan to help refinance an existing facility and raise...

Europe now an ‘emerging country’, Davos hears 23 Jan 2014 - 07:46 am

DAVOS: Top bosses and economists warned the global elite yesterday not to get over-excited by a gradual economic upturn in Europe, which one...

BAE makes progress on Saudi Eurofighter deal 23 Jan 2014 - 07:45 am

LONDON/DAVOS: Defence company BAE Systems said it was making progress on a deal with Saudi Arabia over the pricing for Eurofighter jets and...

British economic recovery gets boost as unemployment rate falls 23 Jan 2014 - 07:34 am

LONDON: Britain’s economic recovery won further traction yesterday as official data revealed a faster-than-expected drop in unemployment alongside a reduction of the country’s...

Oil prices strike two-week peak on demand 23 Jan 2014 - 07:33 am

LONDON: Global oil prices struck two-week highs yesterday, with the market buoyed by forecasts of stronger crude demand, analysts said. New York’s main...

Subway to add 13,000 jobs 23 Jan 2014 - 12:17 am

A man walks past a Subway sandwich store in central London yesterday. Subway, one of the largest fast-food chains in the world, plans...

Banking shares push QE index up 0.29pc 23 Jan 2014 - 12:15 am

Doha: Qatar Exchange pursued its upswing trend yesterday adding 32.22 points, or 0.29 percent, to advance to 11,179.61 points from 11,147.39 on Tuesday....

Canada keeps key lending rate at 1pc 23 Jan 2014 - 12:15 am

OTTAWA: The Bank of Canada kept its key lending rate at one percent yesterday, as inflation drops further below its two percent target....

Etihad secures US route-sharing deal with JetBlue 23 Jan 2014 - 12:14 am

ABU DHABI: Abu Dhabi’s state-owned Etihad Airways has secured a deal to share route codes with US carrier JetBlue Airways, it said yesterday,...

Eyeing Watson IPO, Li Ka-shing goes for low price Electric sale 23 Jan 2014 - 12:14 am

HONG KONG: Tycoon Li Ka-shing made the initial public offering of a Hong Kong utility as cheap as he could, seeking to bolster...

Putin rejects devaluation as ruble hits 5-year low 23 Jan 2014 - 12:14 am

MOSCOW: President Vladimir Putin yesterday dismissed growing speculation about an imminent currency devaluation as the Russian ruble hit five-year lows amid growing capital...

Iraq oil exports and revenues fell in 2013 23 Jan 2014 - 12:14 am

BAGHDAD: Iraq’s oil exports and revenues declined in 2013 compared to the previous year, official figures showed yeterday, despite efforts to dramatically ramp...

Gulf Helicopters to buy 15 AW189s from Italian firm 22 Jan 2014 - 12:06 am

H E Dr Mohamed bin Saleh Al Sada and Daniele Romiti exchanging documents during the signing ceremony yesterday. DOHA: Gulf Helicopters, a company...

Doha Bank expects 15-20 percent growth 22 Jan 2014 - 12:05 am

The CEO of Doha Bank R Seetharaman announcing the bank’s annual results with other officials yesterday. (Abdul Basit) Doha: Doha Bank, Qatar’s fifth-largest...