Business

36m IT pros worldwide by 2020: Tucci 13 May 2014 - 08:55 am

Joe Tucci (inset), Chairman and CEO of EMC Corporation, addressing the EMC World 2014 held in Las Vegas. By Hussain Ahmad LAS VEGAS:...

Huge growth in Gulf 13 May 2014 - 08:54 am

DOHA: EMC Corp sees a huge future for its products and services in the Gulf region and the company is fully equipped to...

Hillshire Brands buying Pinnacle Foods for $6.6bn 13 May 2014 - 08:51 am

Pinnacle Foods CEO Bob Gamgort (centre) and company executives ring the opening bell, in celebration of the company’s IPO at the New York...

Nissan profit jumps 14pc to $3.8bn 13 May 2014 - 08:49 am

Nissan’s President and CEO Carlos Ghosn at a news conference at its headquarters near Tokyo yesterday. TOKYO: Nissan said yesterday its full-year net...

Hitachi records 51.1 percent profit increase 13 May 2014 - 08:48 am

Hitachi Chairman and CEO Hiroaki Nakanishi (left) and President and COO Toshiaki Higashihara announcing the company’s progress on the 2015 mid-term management plan...

Emirates not looking for stake in Qantas 13 May 2014 - 08:45 am

SYDNEY: Emirates is not planning to buy a stake in Australian airline Qantas, a report said yesterday, despite the government moving to loosen...

Qatar bourse climbs new highs 13 May 2014 - 08:45 am

DUBAI: Qatar’s bourse continued to conquer new highs yesterday while markets in the United Arab Emirates and Saudi Arabia recovered from the previous...

Ezdan Holding acquires 20.01pc of Qatari Investors Group shares 13 May 2014 - 08:44 am

Doha: Ezdan Holding Group yesterday announced that it has acquired up to 20.01 percent of the Qatari Investors Group shares, which operates through...

QIC to provide full insurance service for HIA 13 May 2014 - 08:44 am

DOHA: Qatar Civil Aviation Authority (QCAA) yesterday announced the appointment of Qatar Insurance Company (QIC) as an “insurance bond carrier” to provide full...

India stocks hit record, rupee strengthens to nearly 10-month high 13 May 2014 - 08:44 am

MUMBAI: India’s stock market closed at a second straight record high yesterday while the rupee rallied on hopes that exit polls will show...

GCC project awards could rise by 20pc in 2014: MEED 13 May 2014 - 08:43 am

Doha: The value of new contract awards in the GCC could rise by 20 percent to $178bn, a new record for the region’s...

Saudi, Opec would cover for Ukraine-related oil shortage 13 May 2014 - 08:43 am

SEOUL: Top global oil exporter Saudi Arabia will step in to cover any potential shortage arising from the Ukraine crisis, its oil minister...

Allergan board rejects Valeant takeover bid 13 May 2014 - 08:42 am

NEW YORK: Allergan, the US maker of Botox, rejected yesterday a takeover bid from Valeant Pharmaceuticals, saying it “substantially undervalues” the company and...

Aldar sees project completions driving revenue growth 13 May 2014 - 08:42 am

ABU DHABI: Payments for completing projects should drive revenue growth at Aldar Properties in the next two quarters, as the largest property developer...

Mobiles driving up US online retail sales 13 May 2014 - 08:41 am

WASHINGTON: US online retail sales are expected to grow to $294bn this year, with nearly one-third of the total from mobile devices, a...

Bahrain set to grow in non-oil sectors in 2014 13 May 2014 - 08:41 am

Manama: The Economic Development Board (EDB) recently said that the Kingdom’s non-oil sector is well positioned for growth in 2014 following a sharp...

Drake & Scull Q1 profit comes down 13 May 2014 - 08:40 am

DUBAI: Dubai’s Drake & Scull said yesterday that unforeseen delays to two major projects in Saudi Arabia were responsible for the contractor missing...

France recovery struggling to gain momentum 13 May 2014 - 08:40 am

PARIS: The French economy will grow by just 0.2 percent in the second quarter of 2014, the central bank forecast yesterday, as company...