Business

QNB Group starts China operations 29 Jul 2013 - 01:38 am

DOHA: Qatar National Bank (QNB) Group has officially started operating its “Qatar National Bank S A Q Shanghai Representative Office” after receiving all...

Mashreq posts 40 percent rise in first half net profit 29 Jul 2013 - 01:37 am

DOHA: Mashreq, the lead financial institution in the Middle East & North Africa with a strong presence in Qatar, has reported a 40...

Publicis, Omnicom announce merger 29 Jul 2013 - 01:27 am

Maurice Levy (left), French advertising group Publicis Chief Executive, and John Wren, head of Omnicom Group at a joint news conference in Paris,...

Indian firm locks horns with Gap 29 Jul 2013 - 01:27 am

NEW DELHI: An Indian recycling company which uses junk to create accessories is fighting a legal trademark suit launched by US clothing giant...

Kabul hopes for Iran deal to boost exports 29 Jul 2013 - 01:27 am

KABUL: Afghanistan hopes an agreement with Iran to use one of its ports will help boost exports to Europe and India and reduce...

Chinese firm denies interest in Israel’s Clal Insurance 29 Jul 2013 - 01:27 am

JERUSALEM: Chinese investment firm Hang Lung Group denied it was in talks to buy a stake in Israeli insurance company Clal Insurance from...

US Treasury Secretary warns Congress against repeat of fiscal logjam 29 Jul 2013 - 01:26 am

WASHINGTON: US Treasury Secretary Jack Lew yesterday warned Congress against manufacturing a crisis over federal spending in the months ahead, as looming deadlines...

Weekly Money Market Review with IBQ: Markets speculate a change in US interest rates 29 Jul 2013 - 01:25 am

The Federal Reserve is on track to keep its $85bn-a-month bond-buying program in place at its next policy meeting. Federal Reserve Chairman, Ben...

Italian Zuckerberg 28 Jul 2013 - 01:54 am

Matteo Achilli with a copy of the Italian magazine Panorama Economy, which features him on the cover, in his office in Formello, north...

Qatar’s LNG boost key for MENA growth 28 Jul 2013 - 01:53 am

DOHA: Despite a growth in the MENA region’s oil exporting countries, the hydrocarbon production of these nations is likely to level off in...

Iraq economy hit by surging violence 28 Jul 2013 - 01:52 am

A boy inspects the site of a car bomb attack in the town of Muqdadiya, 80 km northeast of Baghdad. BAGHDAD: A spike...

Jordan’s Arab Bank sees profit rise this year 28 Jul 2013 - 01:51 am

AMMAN: Jordan’s Arab Bank, one of the largest Middle East financial institutions, expects double-digit growth in net profit in 2013, bank officials said...

Porsche half-year sales rise over 50pc in region 28 Jul 2013 - 01:51 am

DOHA: Porsche Middle East and Africa FZE has announced a more than 50 per cent rise in regional half-year sales for 2013 compared...

Timber trouble 28 Jul 2013 - 01:50 am

Men unload from a truck logs of vene wood at a Chinese wood exporter’s site in Yopougon, the industrial zone of Abidjan. The...

Eighteen more detained over GSK scandal 28 Jul 2013 - 01:50 am

BEIJING: At least 18 more people have been detained in China in connection with a corruption scandal involving British drugmaker GlaxoSmithKline, state media...

Small firms hit as Italy banks cut credit 28 Jul 2013 - 01:49 am

ROME: Loans to businesses in recession-hit Italy dropped by 4.2 percent over the past year, with small companies in particular suffering from difficulties...

Court verdict set to reset ebook pricing 28 Jul 2013 - 01:49 am

Washington: After more than a year of debate, US district judge Denise Cote handed down a ruling this month in the case of...

Detroit bankruptcy another setback for unions 28 Jul 2013 - 01:49 am

WASHINGTON: Detroit’s historic bankruptcy filing is a major setback for public employee unions that have spent years trying to ward off cuts to...