Business

QEWC gross profit rises 07 Feb 2014 - 07:53 am

Doha: Qatar Electricity and Water Company yesterday announced a 1 percent rise in gross profit at QR1,306m as against QR1,293m in 2012. Based...

StanChart to open first branch in Iraqi Kurdistan 07 Feb 2014 - 07:53 am

ARBIL: Britain’s Standard Chartered bank will open its first branch in Iraqi Kurdistan early next month, attracted by financing opportunities for large government...

Emirates, Mauritius hold road show 06 Feb 2014 - 01:24 am

Michael Sik Yuen, flanked by Dr Karl Mootoosamy (right) and Sheikh Majid Al Mualla, addressing the media yesterday. DOHA: Emirates and the Mauritius...

Indian Auto Expo 06 Feb 2014 - 01:23 am

Shiro Nakamura (right), Senior Vice-President of Datsun and Vincent Cobee, Corporate Vice-President and head of the Datsun business unit, during the unveiling of...

Talks break down in Panama Canal dispute 06 Feb 2014 - 01:21 am

Panama Canal administrator Jorge Quijano speaks at a news conference at the Panama Canal administration building in Panama City yesterday. MADRID: A planned...

Paddington to get facelift 06 Feb 2014 - 01:20 am

An architect’s impression of Paddington Station in London after a planned over-site development at Paddington’s Grand Union Canal. The 320,000sqft development was granted...

CVS to phase out tobacco products 06 Feb 2014 - 01:19 am

A man walks into a CVS/pharmacy store in Miami, Florida, yesterday. CVS Caremark Corp, the US’s second-largest drugstore chain announced it will phase...

UK services growth unexpectedly slows 06 Feb 2014 - 01:18 am

LONDON: Growth in Britain’s dominant service sector slowed unexpectedly in January but activity remained strong, suggesting the economy is picking up speed in...

QFMA signs pact for securities numbering 06 Feb 2014 - 01:17 am

DOHA: Qatar Financial Markets Authority (QFMA) has signed a partnership agreement with the Association of National Numbering Agencies (Anna). As per the agreement,...

Eurozone private sector business activity shows robust performance 06 Feb 2014 - 01:17 am

BRUSSELS: Eurozone private sector business activity in January showed the best performance since June 2011, fresh evidence that a modest recovery is gaining...

Brent firms to near $106; US crude up on cold 06 Feb 2014 - 01:16 am

LONDON: Brent oil edged up towards $106 a barrel yesterday, lagging gains in the US benchmark after data showed strong demand for heating...

Al Rayan named Qatar asset manager of year 06 Feb 2014 - 01:16 am

Doha: Underlining its local dominance, Doha-based Al Rayan Investment won ‘Qatar asset manager of the year’ title at the 2014 Mena Fund Manager...

RBS to move to London if Scots break away 06 Feb 2014 - 01:14 am

LONDON: Britain’s Royal Bank of Scotland would “inevitably” move its headquarters from Edinburgh to London if Scotland votes for independence later this year,...

Al Meera cancels MoU with Regency Group, Aramex 06 Feb 2014 - 01:14 am

DOHA: Al Meera Consumer Goods yesterday announced the memorandum of understanding (MoU) that it signed with both Regency Group Holding and Aramex International...

QU, IBN to organise Entrepreneurship in Economic forum from February 24 06 Feb 2014 - 01:14 am

Doha: Qatar University (QU), in collaboration with Interactive Business Network (IBN), is organising an Entrepreneurship in Economic Development, the first such forum in...

Kouwer joins KPMG Qatar as head of advisory for natural resources 06 Feb 2014 - 01:13 am

DOHA: KPMG in Qatar yesterday announced the appointment of Hilda Mulock Houwer as Global Head of Advisory for Energy and Natural Resources. Mulock...

Global transport sector rides LNG boom 06 Feb 2014 - 01:12 am

LONDON: Natural gas has started to challenge oil as the dominant transport fuel with companies building gas-powered ships and installing networks of service...

Gold firms in narrow range ahead of US jobs data 06 Feb 2014 - 01:12 am

LONDON: Gold firmed yesterday as some investors bought into bullion-backed funds, but uncertainly ahead of US jobs data and a lack of Asian...