Business

Apple supplier Cirrus to buy UK’s Wolfson 30 Apr 2014 - 07:43 am

LONDON: US chip maker Cirrus Logic Inc is to buy Wolfson Microelectronics for an agreed £291m in cash, sending shares in the British...

Bitcoin traders settle lawsuits over Mt Gox 30 Apr 2014 - 07:43 am

New York: US and Canadian customers of failed Tokyo-based bitcoin exchange Mt Gox have agreed to settle their proposed class action lawsuits that...

RAK Ceramics’ big shareholder to sell stake 30 Apr 2014 - 07:43 am

DUBAI: Ras Al Khaimah Ceramics said yesterday that its founding shareholder had agreed to sell 30.6 percent of his stake in the company...

EU accepts Samsung offer on basic patents, raps Motorola 30 Apr 2014 - 07:42 am

BRUSSELS: The European Commission yesterday accepted commitments by Samsung to allow competitors access to key basic patents, but rapped Google-owned Motorola for pursuing...

Nokia returns to profit in Q1 30 Apr 2014 - 07:42 am

HELSINKI: Finnish telecom company Nokia said yesterday it returned to profit in the first quarter, despite falling revenue, just days after officially handing...

Bharti Airtel quarterly profit soars 89pc 30 Apr 2014 - 07:42 am

NEW DELHI: India’s top mobile phone firm, Bharti Airtel, reported quarterly profit soared 89 percent from a year earlier, helped by an easing...

Big jump in project contracts 30 Apr 2014 - 06:33 am

by Satish Kanady DOHA: Qatar’s projects market, the third largest in the GCC with a value of $277bn, is set to gain further...

GIS 2014 profit to top QR900m after buyout 29 Apr 2014 - 12:31 am

DOHA: With the Gulf Drilling International (GDI) becoming the wholly-owned subsidiary of Gulf International Services (GIS), after completing the acquisition of the 30...

Dr Al Sada meets Japan’s minister 29 Apr 2014 - 12:30 am

H E Dr Mohamed bin Saleh Al Sada, the Minister of Energy and Industry, holding discussion with Kazuyoshi Akaba, the State Minister of...

SME ventures pick up, good turnout at QNB meet 29 Apr 2014 - 12:29 am

Young entrepreneurs at the opening day of QNB’s SMEs Open Day yesterday. Qassim Rahmatulah DOHA: QNB, in partnership with the Qatar Development Bank...

Pak-Qatar Takaful Group posts strong 2013 results 29 Apr 2014 - 12:26 am

Sheikh Ali Abdullah Al Thani, Chairman, Pak-Qatar Takaful Group (third left), Abdul Basit Al Shaibei (second left) and other members at the board...

New way of marketing 29 Apr 2014 - 12:25 am

People dressed as currency notes walk along a street as part of a marketing campaign in Moscow yesterday.

Panasonic back in black after three years 29 Apr 2014 - 12:25 am

A man looks at Panasonic Corp’s Viera televisions displayed at a store in Tokyo yesterday. Japanese electronics giant booked its first annual net...

MSCI to cut weights of some Qatar, UAE stocks 29 Apr 2014 - 12:13 am

DUBAI: International equity index compiler MSCI will cut the weightings of eight major Qatar and United Arab Emirates stocks when it upgrades those...

QE index down 1.28pc 29 Apr 2014 - 12:13 am

Doha: Qatar Exchange ended in the red area yesterday when trading closed at 12,696.24 points, down 164.10 points, or 1.28 percent, from the...

Commercial Bank posts QR548m net profit in Q1 29 Apr 2014 - 12:13 am

DOHA: Commercial Bank of Qatar yesterday announced its financial results for the first quarter ended March 31, 2014 posting a net profit of...

QFMA issues five new legislations 29 Apr 2014 - 12:12 am

Doha: H E Sheikh Abdullah bin Saoud Al Thani, the Governor of Qatar Central Bank and Chairman of the Board of Directors of...

Pfizer chases AstraZeneca with $100bn 29 Apr 2014 - 12:12 am

LONDON: US drugmaker Pfizer Inc is working on its next move in a potential $100bn battle for Britain’s AstraZeneca Plc after having two...