Business

Doha Bank posts QR399m profit 21 Apr 2014 - 06:26 am

(From left) Doha Bank Chairman Sheikh Fahad bin Mohammad bin Jabor Al Thani, Managing Director Sheikh Abdul Rahman bin Mohammed bin Jabor Al...

SABIC profit dips, plans overseas expansion 20 Apr 2014 - 11:43 pm

DUBAI: Saudi Basic Industries Corp (SABIC) reported a dip in its quarterly earnings yesterday as its chief executive said a shortage of natural...

Khodari Q1 net profit up 78pc on auction 20 Apr 2014 - 11:41 pm

DUBAI: Major Saudi Arabian construction firm Abdullah A M Al Khodari Sons said yesterday that its net profit for the first quarter of...

Europe’s M&A market heats up, more deals eyed 20 Apr 2014 - 11:41 pm

PARIS: Europe’s mergers and acquisitions (M&A) market is rebounding after years in the doldrums, as improving market sentiment is prompting companies to spend...

Sub-Saharan Africa fund unveiled by Carlyle 20 Apr 2014 - 11:41 pm

PARIS: Carlyle this week became one of the first major private equity players to launch a dedicated sub-Saharan Africa fund, underscoring the growing...

Telus to buy startup Mobilicity 20 Apr 2014 - 11:40 pm

New York: Telus Corp, one of Canada’s dominant telecom providers, has reached a new agreement to acquire struggling wireless startup Mobilicity, in a...

UK pushes Malaysian firms to bid for defence deals 20 Apr 2014 - 11:40 pm

Kuala Lumpur: The United Kingdom’s Ministry of Defence is encouraging Malaysian companies to bid for UK Armed Forces supply contracts. Speaking to Bernama...

Fiat-Chrysler to produce iconic Jeep in China 20 Apr 2014 - 01:26 am

A model stands with a 2015 Chrysler 200 at the New York International Auto Show in New York. SHANGHAI: Carmaker Fiat-Chrysler said yesterday...

Ex-Apple chief plans mobile phone for India 20 Apr 2014 - 01:25 am

People access the Internet on their phones using wi-fi hotspot in Bangalore. NEW DELHI: Former Apple chief executive John Sculley, whose marketing skills...

Tax hike not to derail Japan economy 20 Apr 2014 - 01:23 am

A businessman walks in Tokyo’s business district. Japanese companies have weathered the first days of a rise in the country’s consumption tax, with...

Malabar Gold opens 114th store in Singapore 20 Apr 2014 - 01:22 am

Gopinath Pillai, Ambassador-at-large at the Ministry of Foreign Affairs in Singapore, inaugurating Malabar Gold & Diamonds’ 114th store in Serangoon, Singapore in the...

US carmakers eye Russia for growth 20 Apr 2014 - 01:21 am

DETROIT: Never mind the Ukraine crisis and Washington’s sanctions against Moscow: US carmakers say the Russian market is their next big frontier. Russia...

RWE profits to stabilise beyond 2014 20 Apr 2014 - 01:20 am

Employees arrive at the headquarters of German utility RWE in Essen. RWE said its profits will stabilise beyond 2014, though at a lower...

Qatar GDP projected to hit $230bn 20 Apr 2014 - 01:19 am

DOHA: Given Qatar’s projected 6-7 percent growth rate for 2014-15, the countries GDP is expected to touch an estimated $230bn in the current...

VW to add capacity in China, eyes budget car 20 Apr 2014 - 01:18 am

BEIJING: Volkswagen will keep adding capacity in China as the German group is counting on double-digit growth in the biggest auto market, helped...

QCB Governor in Seoul to boost bilateral relations 20 Apr 2014 - 01:18 am

Seoul: Governor of Qatar Central Bank (QCB) H E Sheikh Abdullah bin Saud Al Thani yesterday arrived in Seoul on a two-day visit,...

Android gains in US, basic phones almost extinct 20 Apr 2014 - 01:16 am

WASHINGTON: The Google Android platform grabbed the majority of mobile phones in the US market in early 2014, as consumers all but abandoned...

IMF restores investor confidence in Mena 20 Apr 2014 - 01:14 am

Doha: The International Monetary Fund (IMF) has been successful in recent years in restoring confidence in several Middle East and North Africa (Mena)...