Business

Osborne visits Tata Steel factory 26 Mar 2014 - 05:52 am

Britain’s Chancellor of the Exchequer George Osborne visits Tata Steel in Port Talbot, Wales, yesterday.

Quantitative easing not out of the question: ECB 26 Mar 2014 - 05:51 am

FRANKFURT: The European Central Bank could buy loans and other assets from banks to help support the eurozone economy, Germany’s Bundesbank has said,...

Royal Mail to axe jobs after going private 26 Mar 2014 - 05:48 am

A postal worker outside a Royal Mail sorting office in northern England. LONDON: Royal Mail plans to axe 1,600 jobs under a fresh...

Oriental Weavers net up 30pc 26 Mar 2014 - 05:46 am

People sit in front of market by Egypt’s Oriental Weavers, the world’s biggest machine-woven carpet maker, during its annual exhibition in Cairo. Oriental...

QFC RA reprimands RBS for insufficient training 26 Mar 2014 - 05:43 am

DUBAI: Qatar’s financial regulator has reprimanded Royal Bank of Scotland for insufficient training of its branch staff, it said yesterday. “Although RBS QFC...

Batelco plans further buy-back of 2020 bonds 26 Mar 2014 - 05:42 am

LONDON: State-run Bahrain Telecommunications (Batelco) plans to buy back a third of outstanding bonds due in 2020, using excess liquidity from a scrapped...

Toyota India hires contract workers to restart output 26 Mar 2014 - 05:42 am

NEW DELHI: Japan’s Toyota said yesterday it has hired 1,000 contract workers to help restart production, after its employees refused to return to...

Qatar promotes MICE expertise at GIBTM 26 Mar 2014 - 05:42 am

DOHA: Qatar is attending the Gulf Incentive Business Travel and Meetings Exhibition (GIBTM), which concludes today at the Abu Dhabi National Exhibition Centre...

QInvest bags ‘Qatar Deal of the Year’ award 26 Mar 2014 - 05:42 am

DOHA: QInvest, Qatar’s leading investment bank , was recognised for its role in Ooredoo’s debut $1.25bn Sukuk at the Islamic Finance News Awards. ...

Qatar Exchange back in green, up 51.02 points 26 Mar 2014 - 05:41 am

Doha: Qatar Exchange ended in the green area yesterday, adding 51.02 points, or 0.45 percent, to close at 11,309.53 points from Monday’s close...

Bank of Moscow plans expansion in Crimea soon 26 Mar 2014 - 05:41 am

MOSCOW: Russian banks may want to develop their business in Crimea, with VTB’s Bank of Moscow most interested in expanding there, Kommersant newspaper...

Crimea crisis hits German business: Ifo 26 Mar 2014 - 05:41 am

FRANKFURT: The German Ifo business confidence index fell for the first time for five months in March, data showed yesterday, as the Crimea...

Faysal Bank plans to convert into Islamic 26 Mar 2014 - 05:40 am

Karachi: Karachi-based Faysal Bank (FBL) will convert itself into a full-fledged Islamic lender as its majority shareholder, Bahrain’s Ithmaar Bank, looks to consolidate...

S&P slashes Brazil rating on unclear policy signals 26 Mar 2014 - 05:40 am

WASHINGTON: Standard & Poor’s cut Brazil’s credit rating by one notch, citing the government’s unclear policy signals as it faces a weaker fiscal...

Gulf Capital to sell rest of GMS in two years 26 Mar 2014 - 05:40 am

DUBAI: Abu Dhabi-based private equity firm Gulf Capital plans to sell its remaining stake in Gulf Marine Services within two years in the...

UK’s Kingfisher to return cash to investors 26 Mar 2014 - 05:39 am

LONDON: Kingfisher, Europe’s biggest home-improvements retailer, said yesterday that it will return cash to shareholders after annual profits rose by a quarter, sending...

Sheikh Khalid, UK Minister discuss Islamic banking 26 Mar 2014 - 04:12 am

Baroness Sayeeda Warsi flanked by Sheikh Dr Khalid bin Thani bin Abdullah Al Thani (left) and Abdulbasit Ahmed Al Shaibei in London yesterday....

Qatar well-placed for stable LNG supply 25 Mar 2014 - 09:09 am

RasGas Chief Executive Officer Hamad Rashid Al Mohannadi speaking at an executive leadership panel discussion on the inaugural day of Gastech in Seoul,...