Business

Al Rajhi Bank Q1 earnings slip 14 Apr 2014 - 12:50 am

DUBAI: Al Rajhi Bank reported a slump in net profit for the first three months of 2014 yesterday, marking the second quarter in...

NBK Q1 net up 3.2pc on core banking revenues 14 Apr 2014 - 12:36 am

DUBAI: National Bank of Kuwait, the Gulf Arab state’s largest commercial lender, reported a 3.2 percent rise in first-quarter net profit yesterday, edging...

New UAE law to award 10pc of government work to SMEs 14 Apr 2014 - 12:36 am

ABU DHABI: Planned United Arab Emirates legislation aiming to boost the growth of small and medium-sized enterprises will require 10 percent of future...

Weekly Commodity Update: Commodities power ahead as stock markets weaken 14 Apr 2014 - 12:33 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) Commodities rose for a third successive week, thereby going against the stock market downtrend....

Demonstration against austerity 13 Apr 2014 - 12:35 am

A protester dressed as a prisoner marches through the streets of Paris during a demonstration against austerity plans yesterday.

Currency controls hit Venezuela 13 Apr 2014 - 12:35 am

A worker of El Nacional, one of Venezuela’s main national newspapers, transports paper rolls at its building in Caracas yesterday. Venezuelan newspapers have...

G20 gives US deadline for IMF reforms 13 Apr 2014 - 12:28 am

World Bank President Jim Yong Kim is displayed on a screen as he takes part in a panel discussion on ‘Sharing Prosperity, Delivering...

IPEC, Prime Trade win Kahramaa tender 13 Apr 2014 - 12:27 am

At the training seminar of the company. Doha: IPEC Ltd, a high technology UK-based company along with Prime Trade, which specialises in electrical...

Hollande at Airbus Helicopter factory 13 Apr 2014 - 12:25 am

France’s President Francois Hollande visits the Airbus Helicopter factory with the company CEO, Guillaume Faury (second left), in Queretaro, as part of his...

Startup Job Fair 13 Apr 2014 - 12:25 am

People attend the NYC Startup Job Fair in New York yesterday. The fair expects to connect more than 1,000 job seekers with dozens...

GCC market cap rises 2.1 percent in March 13 Apr 2014 - 12:21 am

DOHA: The combined market capitalisation of GCC bourses increased 2.1 percent month-on-month to $1,048.2bn in March 2014. With a share of $179.8bn, or...

Fed touts tax cuts for growth 13 Apr 2014 - 12:21 am

Washington: Cutting taxes on business investment is an effective form of economic stimulus that could go a long way toward mending the damage...

QIB unveils new smartphone app for online banking security 13 Apr 2014 - 12:20 am

DOHA: Qatar Islamic Bank (QIB) has introduced new security measures which make customers’ use of Internet and mobile banking even more secure against...

IKEA buying Illinois wind energy project 13 Apr 2014 - 12:18 am

CHAMPAIGN, Illinois: The US subsidiary of Swedish furniture retailer IKEA announced that it is buying a long-planned wind energy project in eastern Illinois...

Qatalum surpasses key targets 13 Apr 2014 - 12:17 am

Doha: Qatalum surpassed a number of targets set out in the Qatalum Improvement Programme — the programme which aims to improve the cash...

Risk of ‘gas war’ increases as Ukraine halts payments to Russia 13 Apr 2014 - 12:12 am

KIEV: Ukraine said yesterday it was suspending payments to Russia for deliveries of gas, ratcheting up the tension in a standoff that has...

World economy on bumpy road to recovery: QNB 13 Apr 2014 - 12:12 am

Doha: The world economy continues to move slowly out of the recovery room from the great recession of 2008-09, with still a number...

Stronger euro would trigger looser ECB policy: Draghi 13 Apr 2014 - 12:12 am

WASHINGTON: A further strengthening of the euro would require more loosening in the European Central Bank’s monetary policy to keep the current amount...