Business

Qatari bourse index drops 87.90 points 05 Feb 2014 - 07:09 am

Doha: The Qatar Exchange lost 87.90 points, or, 0.79 percent, to 11,049.69 points from the previous closing of 11,137.59 points on Monday. The...

Gates quits as Microsoft chairman, new CEO named 05 Feb 2014 - 07:09 am

WASHINGTON: Microsoft said yesterday that founder Bill Gates was stepping down as chairman to become a technology adviser to the tech giant as...

Greece, lenders resolve issue of fiscal gap 05 Feb 2014 - 07:09 am

ATHENS/BRUSSELS: Greece and its foreign lenders have largely bridged differences over a potential fiscal gap this year, removing a key sticking point holding...

Dar Al Arkan may repay $450m sukuk ahead of schedule 05 Feb 2014 - 06:59 am

DUBAI: Dar Al Arkan Real Estate Development Co, Saudi Arabia’s largest listed property developer, may consider early repayment of a $450m Islamic bond...

Alwaseeta, QKLC ink pact for LED project 05 Feb 2014 - 04:39 am

H E Dr Mohamed bin Saleh Al Sada and Dr Tai-Kyoo Kim, Chairman of QKLC, signing the agreement. DOHA: Qatar Intermediate Industries Co...

Qatar to make huge investments in Italy 04 Feb 2014 - 01:25 am

The Minister of Energy and Industry H E Dr Mohamed bin Saleh Al Sada and Italian Prime Minister Enrico Letta during a press...

The Pearl-Qatar, Al Siddiqi Holding sign deal for opening global brands 04 Feb 2014 - 01:23 am

Ehab Kamel (left) and Aly Delawar during the signing ceremony. (Abdul Basit) DOHA: The Pearl-Qatar, one of the largest urban developments in Qatar...

Janet Yellen takes over Fed; Bernanke joins Brookings 04 Feb 2014 - 01:22 am

Janet Yellen is sworn as Federal Reserve Chairman at the Federal Reserve Building in Washington yesterday. WASHINGTON: Respected economist Janet Yellen was sworn...

European stocks slide; euro, gold rise 04 Feb 2014 - 01:20 am

LONDON: European stocks tumbled yesterday as lacklustre reports on Chinese and US manufacturing activity outweighed the eurozone hitting a 32-month high in January....

Ryanair flies into loss 04 Feb 2014 - 01:19 am

A file picture of Irish low-cost airline Ryanair taking off from Barcelona’s airport. Ryanair said yesterday that it made a loss of £28.8m...

Ford unveils Ka concept 04 Feb 2014 - 01:17 am

The Ka concept 4-door compact car on display during a media conference in Sao Paulo yesterday. Ford Motor Co unveiled the concept simultaneously...

Home prices jump in Hong Kong 04 Feb 2014 - 01:16 am

Apartment buildings are seen clustered together in Hong Kong’s Kowloon district yesterday. Home prices in the southern Chinese city have risen by 120...

Brent pares losses on cold weather 04 Feb 2014 - 01:14 am

NEW YORK: Brent crude oil traded lower yesterday, but pared losses sharply following a rise in heating oil prices as cold weather in...

IMD to conduct polls on economic policies in Qatar 04 Feb 2014 - 01:14 am

DOHA: The Ministry of Development Planning and Statistics (MDP&S) along with the International Institute for Management Development (IMD) will conduct opinion polls among...

Investment funds bullish on Qatari stocks 04 Feb 2014 - 01:13 am

DOHA: Driven by massive planned government spending and attractive valuations, investment funds are becoming much more bullish on Qatari stocks. Citing Reuters’ monthly...

Salam International profit at QR113.8m 04 Feb 2014 - 01:13 am

DOHA: Salam International Company recorded an annual net profit of QR113.8m in 2013, up from QR84.1m posted during the same period in 2012....

Optimism in construction sector in Gulf 04 Feb 2014 - 01:12 am

DOHA: There is a growing optimism in the Gulf construction market in 2014 with major projects on the horizon such as FIFA World...

Audit committees cite increased risks, complexities as top challenges for ’14 04 Feb 2014 - 01:12 am

DOHA: Audit committees around the world have highlighted that it is becoming increasingly difficult to oversee major risks in addition to financial reporting...