Business

QE index moves up, lifts all-time high 27 May 2014 - 12:34 am

DUBAI: Stocks about to join the MSCI emerging market index supported bourses in Dubai, Abu Dhabi and Qatar yesterday while Saudi Arabia posted...

Emaar to list mall unit on Dubai bourse 27 May 2014 - 12:33 am

DUBAI: Dubai’s Emaar Properties said yesterday it will list up to 25 percent of its malls business on the Dubai Financial Market (DFM),...

Abu Dhabi gives Etisalat $500m for Maroc deal 27 May 2014 - 12:33 am

DUBAI: Abu Dhabi gave Etisalat a $500m grant towards its €4.14bn purchase of 53 percent of Maroc Telecom, the company’s prospectus for a...

Egypt projects higher growth, deficit 27 May 2014 - 12:32 am

CAIRO: Egypt’s government said yesterday it plans to cut petroleum product subsidies in the next fiscal year but still expects the budget deficit...

China eyes more investments 27 May 2014 - 12:23 am

BEIJING: China has simplified procedures for the government to approve investment projects to increase transparency and efficiency, the country’s top economic planner said...

Russia spending on rise, budget risks not properly assessed: IMF 27 May 2014 - 12:23 am

MOSCOW: Russian public spending that is classified as secret will nearly double by 2016 to reach a quarter of all expenditures, the IMF...

GWC upgrades to new system 27 May 2014 - 12:22 am

Doha: The Gulf Warehousing Company (GWC) has completed the implementation of INFOR WMS, an Enterprise Warehouse Management System geared at automating and optimising...

Apple wants retrial in Samsung case 27 May 2014 - 12:17 am

New York: Apple is requesting a retrial after a Californian jury ordered Samsung to pay the US company $119m in damages for infringing...

Fixed asset investment in China to slow down in Q2 27 May 2014 - 12:17 am

Beijing: China’s fixed asset investment is expected to grow by 17 percent year on year in the second quarter, the China Securities Journal...

Bahrain plans IPO for port operator 27 May 2014 - 12:16 am

DUBAI: Bahrain plans an initial public offering (IPO) of shares in the company operating its Khalifa bin Salman port, the Ministry of Transportation...

Abraaj buys stake in Thai education firm KPN Academy 27 May 2014 - 12:16 am

HONG KONG: Middle East private equity firm Abraaj Group has bought into an education provider in Thailand, betting on a country that last...

Airlines seek real-time aircraft tracking plans 27 May 2014 - 12:16 am

KUALA LUMPUR: Major airlines are united on the need for real-time tracking of commercial aircraft following the disappearance of Malaysia Airlines Flight MH370...

LG Electronics is No. 3 mobile phone company 27 May 2014 - 12:15 am

Seoul: LG Electronics Inc snatched the world’s No. 3 spot in earnings from mobile phone sales in the first quarter of 2014, the...

Sony, Shanghai Oriental to set up China PlayStation JVs 27 May 2014 - 12:15 am

BEIJING: Japan’s Sony Corp and China’s Shanghai Oriental Pearl Group Co Ltd will set up two joint ventures to make and market Sony’s...

Ireland stares at lower jobs growth 27 May 2014 - 12:15 am

DUBLIN: Ireland’s unemployment rate fell less than expected in the first quarter, data showed yesterday, dropping only slightly to 12 percent, in another...

Canada relaxes restrictions on mobile devices in flights 27 May 2014 - 12:14 am

OTTAWA: Canada, following the lead of the United States and the European Union, yesterday relaxed official restrictions on using mobile devices in flight...

Kahramaa inks deals worth QR7.7bn 26 May 2014 - 01:41 am

The Minister of Energy and Industry, H E Dr Mohamed bin Saleh Al Sada (right), at the function yesterday. DOHA: The Qatar General...

Infiniti and beyond: A less Japanese, more Latin look for premium brand 26 May 2014 - 01:38 am

Infiniti chief designer Alfonso Albaisa at Nissan Technical Centre in Atsugi. BEIJING/ATSUGI: Nissan Motor Co is looking to give its Infiniti premium brand...