Business

Obama picks Yellen for top Fed job 10 Oct 2013 - 01:02 am

WASHINGTON: US President Barack Obama nominated Federal Reserve Vice-Chair Janet Yellen yesterday to run the world’s most influential central bank, providing some relief...

Walmart, Bharti end venture 10 Oct 2013 - 01:02 am

MUMBAI: Walmart and Indian firm Bharti announced yesterday they were ending their partnership, with the US giant partly blaming India’s new rules on...

International bank account number regime from 2014 09 Oct 2013 - 04:22 am

Doha: Qatar Central Bank (QCB) Governor H E Sheikh Abdullah bin Saoud Al Thani has said that the international bank account number (IBAN)...

Minister visits Mesaieed Industrial City 09 Oct 2013 - 03:58 am

The Minister of Economy and Trade H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani visited Mesaieed Industrial City. The visit aims...

Nasser Marafih named Samena chairman 09 Oct 2013 - 03:46 am

DOHA: The South Asia, Middle East, North Africa region’s Samena Telecommun-ication Council has announced Dr Nasser Marafih (pictured) as its new chairman. Dr...

QNB Group’s net profit rises 14.1 percent 09 Oct 2013 - 03:46 am

DOHA: QNB Group posted a net profit of QR7.1bn, up by 14.1 percent for the first nine months of 2013 compared to the...

Weak dollar pushes oil prices up 09 Oct 2013 - 03:45 am

NEW YORK: Crude oil prices on both sides of the Atlantic rose yesterday as geopolitical risk crept back into the markets, even as...

Qatari firms to post lower profits in Q3: SICO report 09 Oct 2013 - 03:45 am

DOHA: Qatari companies are expected to report lower year-on-year profits for the third quarter of 2013. As the profits of GCC companies are...

Nakheel to restart work on scaled-back palm shaped island project 09 Oct 2013 - 03:45 am

DUBAI: Dubai developer Nakheel will restart work on part of one of the three palm-shaped islands that came to symbolise the excesses of...

German exports post sluggish growth 09 Oct 2013 - 03:44 am

BERLIN: German exports rose less than hoped in August as foreign industry orders fell, adding to signs that domestic demand rather than trade...

Mideast oil exploration on downward trend 09 Oct 2013 - 02:31 am

DUBAI: Middle East oil and gas production growth prospects have been dimmed by a slump in exploration licence awards, drilling activity and average...

KOC plans tender for heavy oil facilities 09 Oct 2013 - 02:30 am

KUWAIT: A unit of state-owned Kuwait Oil Company (KOC) will launch a tender later this year to build facilities to extract heavy crude...

West Bank growth shrinks first time in a decade 09 Oct 2013 - 02:30 am

RAMALLAH, West Bank: The Palestinian economy in the Israeli-occupied West Bank shrank for the first time in a decade in the first half...

Vodafone plans to boost stake in Indian unit 09 Oct 2013 - 02:30 am

LONDON/NEW DELHI: Vodafone intends to increase its stake in its Indian subsidiary after the country cleared foreign companies to take full ownership of...

Chevron drops bid for Lithuania shale gas 09 Oct 2013 - 02:29 am

VILNIUS: US oil and energy giant Chevron yesterday decided to withdraw its bid to explore for shale gas in Lithuania due to new...

Alcatel-Lucent to slash 10,000 jobs 09 Oct 2013 - 02:28 am

PARIS: Telecom-equipment maker Alcatel-Lucent is to cut 10,000 jobs worldwide to reduce costs by 15 percent within two years and focus on new...

Industry sector pushes Qatar bourse index up 09 Oct 2013 - 02:27 am

Doha: Qatar Exchange index ended its losing streak yesterday adding 41.40 points, 0.43 percent, to advance to 9,757.83 points from 9,716.43 on Monday. ...

Apicorp pushes diversification with 5.62pc stake in Taqa 09 Oct 2013 - 02:27 am

Doha: The Arab Petroleum Investments Corporation (Apicorp), the multilateral development bank owned by the Organisation of Arab Petroleum Exporting Countries (Oapec), yesterday announced...