Business

Hollandi Bank’s Q4 profit misses expectations 08 Jan 2014 - 10:37 pm

DUBAI: Saudi Hollandi Bank, Saudi Arabia’s oldest lender, missed analyst expectations despite posting a 10.8 percent rise in fourth-quarter net profit. The lender,...

Sterling set for solid gains on euro, seen weaker vs dollar 08 Jan 2014 - 10:37 pm

LONDON: Sterling will make solid gains on the euro this year as Britain’s economic recovery forges ahead while a weak outlook for the...

Turkish lira likely to stabilise in coming months 08 Jan 2014 - 10:36 pm

ISTANBUL: The Turkish lira is likely to stabilise against the dollar in coming months despite pressure on it due to capital flows out...

UK car sales rise to highest level since 2007 08 Jan 2014 - 07:17 am

A factory worker on the production line of Mini cars at the BMW’s plant at Cowley in Oxford, central England. LONDON: British new...

French unionists hold Goodyear executives for 24 hours 08 Jan 2014 - 07:15 am

Employees of the Goodyear tyre factory of Amiens leave the plant with documents yesterday. PARIS: French trade unionists released two executives yesterday after...

Premier’s business address 08 Jan 2014 - 07:14 am

Japanese Prime Minister Shinzo Abe (left) delivers a speech before business leaders and the heads of Japan’s three economic organisations, Chairman of the...

Qatar dominates Volkswagen’s Mideast sales 08 Jan 2014 - 07:08 am

DOHA: Qatar has topped the Volkswagen’s sales story in the Middle East with a record 58 percent growth in 2013 year-on-year, while the...

USB-powered iris scan 08 Jan 2014 - 07:07 am

Tony Antolino, Chief Marketing Officer for EyeLock, demonstrates the Myris, a USB-powered iris scan, during Pepcom’s “Digital Experience” in Las Vegas, yesterday.

Audi at CES 08 Jan 2014 - 07:05 am

Ulrich Hackenberg, member of the Board of Management of AUDI AG for Technical Development, talks about the Audi Quattro Laser light concept vehicle...

Dublin draws bumper demand for first post-bailout bond 08 Jan 2014 - 07:04 am

DUBLIN/LONDON: Ireland made a storming return to the international bond market yesterday, with bumper demand for the country’s first debt sale since exiting...

Oil above $107 on US, Mideast supply woes 08 Jan 2014 - 07:04 am

LONDON: Oil rose above $107 a barrel yesterday after five straight declines supported by doubts about a recovery in Libyan output, fighting in...

Kentz opens new venture in Qatar 08 Jan 2014 - 07:04 am

DOHA: Kentz Corporation Limited (Kentz) yesterday announced to establish a new business entity ‘Kentz Engineering International WLL’ in Qatar. The announcement was made...

US trade gap shrinks to 4-year low on record exports 08 Jan 2014 - 07:03 am

WASHINGTON: The US trade deficit shrank sharply in November as exports hit a record high for the second straight month, official data showed...

Dollar rises in Asian trade after mixed US data 08 Jan 2014 - 07:03 am

TOKYO: The dollar rose in Asia yesterday following a mixed set of US economic data, as investors await key jobs figures later in...

Byrne Looby signs JV deal with Asco Consulting 08 Jan 2014 - 07:02 am

DOHA: Ireland-based international engineering services provider Byrne Looby Partners has announced a joint venture partnership with Asco Consulting Engineers. With Asco’s 40 years’...

Samsung sees steep drop in Q4 earnings 08 Jan 2014 - 07:02 am

SEOUL: South Korea’s Samsung said yesterday it expected a steep drop in its operating profit for the fourth quarter of 2013, as slowing...

Irish PM seeks investments from Qatar 08 Jan 2014 - 05:10 am

The Minister of Economy and Trade H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani, the Prime Minister of Ireland Enda Kenny,...

Output from Libya’s Sharara oilfield climbs 07 Jan 2014 - 11:15 pm

TRIPOLI: Output at Libya’s El Sharara oilfield rose more yesterday to over two thirds of full capacity and a pipeline shipping condensate —...