Business

QIB opens new branch in Al Shahaniya 20 Apr 2014 - 01:13 am

DOHA: As part of its expansion strategy, Qatar Islamic Bank (QIB) has opened a new state-of-the-art branch in Al Shahaniya city, right next...

Progress but no deal in US-Japan TPP trade talks 20 Apr 2014 - 01:13 am

WASHINGTON: The United States said there had been progress but no final deal in talks with Japan that are crucial to advancing the...

Nakilat hosts gas transportation event 20 Apr 2014 - 01:13 am

DOHA: Qatar Gas Transport Company (Nakilat) yesterday announced to have successfully hosted and chaired the Middle East Regional Forum of the Society of...

Mt Gox CEO won’t appear in US 20 Apr 2014 - 01:12 am

New York: Mark Karpeles, the chief executive of Mt Gox, said he would not come to the United States to answer questions about...

Kuwait Finance House Q1 net profit up 13pc, misses target 20 Apr 2014 - 01:12 am

KUWAIT: Kuwait Finance House (KFH), the country’s biggest Islamic lender, reported a 13 percent rise in first quarter net profit yesterday, missing analyst...

China’s cooling property market a risk to growth 20 Apr 2014 - 01:12 am

BEIJING: China’s property market could threaten Beijing’s plan to manage a slowdown in growth, as evidence mounts of a rapid cooling in what...

Armani settles tax row for €270m 20 Apr 2014 - 01:11 am

ROME: Giorgio Armani settled a tax dispute in Italy by paying €270m, Italian business daily Il Sole 24 Ore reported on Friday. The...

US-focused stock funds post $7.1bn outflow: BofA 20 Apr 2014 - 01:11 am

NEW YORK: Fund investors worldwide pulled $7.1bn out of US-focused stock funds in the week ended Tuesday while putting cash into Japanese and...

No IRS audits for big firms 20 Apr 2014 - 01:11 am

WASHINGTON: Fewer than 1 percent of partnerships with more than $100m in assets, including hedge funds and private equity firms, are audited by...

Amazon’s tax-free European profits drop 20 Apr 2014 - 01:10 am

LONDON: The amount of money Amazon.com Inc reports through a tax-exempt vehicle in Europe has dropped sharply in the past two years, even...

Biomass-fuelled power plant 19 Apr 2014 - 07:04 am

An employee checks energy production at the Pannonpower power plant operated by the Dalkia group in Pecs. The southern Hungarian city of Pecs...

Hollande visits Michelin plant 19 Apr 2014 - 07:03 am

French President Francois Hollande (second left) and French Economy Minister Arnaud Montebourg (right) listen to Michelin Technical Director Alain Delias (left) as they...

Unicom profit rises 19 Apr 2014 - 07:02 am

A view outside the China Unicom office building in Beijing, yesterday. China Unicom (Hong Kong) Ltd, the country’s second-biggest mobile carrier by subscribers,...

PetroChina shale gas spending hiked to $1.6bn 19 Apr 2014 - 07:01 am

BEIJING: Chinese state energy giant PetroChina plans to spend more than 10bn yuan ($1.6bn) on shale gas this year, sources with knowledge of...

Dollar steady in Asia on US jobs data, Ukraine deal 19 Apr 2014 - 07:01 am

TOKYO: The dollar was steady in quiet Asian trade yesterday, winning support from positive US jobs data and a deal between Russia and...

Vimplecom resolves Algeria row with $2.6bn stake sale 19 Apr 2014 - 07:00 am

MOSCOW: Russia’s Vimpelcom has resolved a long-running dispute with the Algerian government by selling it a majority stake in the country’s biggest telecoms...

Gold flat below $1,300, heading for weekly fall 19 Apr 2014 - 07:00 am

LONDON: Gold was heading for a 1.8 percent weekly fall yeserday, dented by hopes that diplomatic efforts can calm violence in Ukraine and...

Russia ships first oil from Arctic platform 19 Apr 2014 - 07:00 am

NOVO-OGARYOVO, Russia: President Vladimir Putin hailed Russia’s first shipment of Arctic offshore oil yesterday, saying the platform decried by environmentalists will help Moscow...