Business

QE index gains 3.10pc last week, eyes 12,000 mark 21 Feb 2014 - 05:51 am

Doha: Qatar Exchange (QE) index gained 356.90 points, or 3.10 percent, last week when the bourse closed yesterday at 11,872.40 points. The bourse...

US Fed officials see more QE cuts coming up 21 Feb 2014 - 05:50 am

NEW YORK/ST LOUIS: Three Federal Reserve officials said they believe the US economy is gaining traction despite a recent slowdown from severe weather,...

IMF, Britain warn emerging economies 21 Feb 2014 - 05:50 am

SYDNEY: IMF chief Christine Lagarde and British finance minister George Osborne yesterday demanded emerging economies get their own houses in order, after some...

Batelco to take control of Kuwait Net firm 21 Feb 2014 - 05:50 am

DUBAI: Bahrain Telecomm- unications (Batelco) will take majority control of Kuwait’s Qualitynet after agreeing to double its stake in the Internet provider, Batelco...

Facebook to acquire WhatsApp for $19bn 21 Feb 2014 - 02:33 am

San Francisco: Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $19bn in cash and stock in a landmark deal that places the...

Qatari banks’ earnings set to grow stronger 20 Feb 2014 - 01:31 am

DOHA: The earnings of Qatar’s banks are expected to pick up pace in 2014. The banks are projected to record 11 percent year-on-year...

Signet to buy Zales 20 Feb 2014 - 01:24 am

Shoppers walk by a Zales Jewelers store at the Serramonte Mall yesterday in California. Speciality jewellery retailer Signet Jewelers announced plans to acquire...

Islamic Holding Group’s AGM 20 Feb 2014 - 01:23 am

Dr Yousif Ahamad Al Naema (centre), Chairman, Islamic Holding Group, at the group’s ordinary annual general meeting on Tuesday. The meeting approved the...

Turkish furniture companies eye expansion in Qatar 20 Feb 2014 - 01:23 am

Turkish Furniture Exporters meeting yesterday. Shaival Dalal. BY MOHAMMAD SHOEB DOHA: The Turkish furniture delegation, which is here to establish partnership with local...

Job fair in China 20 Feb 2014 - 01:21 am

People look at job information at an employment fair in Zhengzhou, Henan province, China, yesterday.

EIB issues bonds 20 Feb 2014 - 01:21 am

European Investment Bank President Werner Hoyer and Vice President Philippe de Fontaine Vive (right) present the bank’s annual results during a news conference...

Peugeot posts $3.2bn loss, eyes Asia market 20 Feb 2014 - 01:20 am

Philippe Varin, outgoing CEO of Peugeot Citroen, in Paris yesterday. PARIS: PSA Peugeot Citroen plans to build new cars and expand in Asia...

Protests hit SC Asset shares 20 Feb 2014 - 01:19 am

Women wave from inside a building owned by SC Asset Corp in Bangkok yesterday. Shares of the property developer fell more than four...

Google unveils new investment arm 20 Feb 2014 - 01:18 am

SAN FRANCISCO: Google yesterday unveiled a new investment arm to put the technology titan’s touch on startups hitting stride, in a further expansion...

Gold demand dips 15pc globally 20 Feb 2014 - 01:18 am

London: Global gold demand fell by 15 percent to a four-year low in 2013, the World Gold Council said, as US investors frantically...

Recovery in rich economies stutters, says OECD data 20 Feb 2014 - 01:15 am

PARIS: Growth in advanced economies slowed down slightly in 2013 from output in 2012, the OECD said yesterday. These latest statistics on OECD-member...

Qatar, UAE lead Mena’s M&A deals 20 Feb 2014 - 01:15 am

DOHA: The Mena region’s mergers and acquisitions (M&A) deal values grew 13 percent in 2013 to hit $50.7bn compared to $44.8bn a year...

Qatar bourse inches up, gains 132.29 points 20 Feb 2014 - 01:02 am

Doha: Qatar’s bourse rose 1.13 percent yesterday, largely on the back of Qatar Insurance (QI), which last week announced it would buy Antares...