Business

QPI takes 23pc stake in Shell’s Brazil oilfield 30 Jan 2014 - 08:38 am

DOHA: Qatar Petroleum International (QPI) has entered into an agreement with oil major Royal Dutch Shell to buy 23 percent stake in the...

Fed poised for $10bn taper as Bernanke bids adieu 30 Jan 2014 - 08:37 am

Washington: Turmoil in emerging markets and a month of disappointing job growth at home are unlikely to deter the Federal Reserve from trimming...

Kuwait oil workers plan to strike over pay cut 30 Jan 2014 - 08:37 am

KUWAIT CITY: Thousands of oil workers in Opec member Kuwait plan to go on strike over a government decision to cut their wages,...

Vodafone posts QR1.43bn revenue for nine months 30 Jan 2014 - 08:36 am

DOHA: Vodafone Qatar’s total revenue for the nine months ended in December 2013 reached QR1.43bn, up 31 percent compared to the same period...

Bharti Airtel Q4 profit leaps 115pc 30 Jan 2014 - 08:35 am

NEW DELHI: India’s top mobile phone firm Bharti Airtel said yesterday its quarterly profit leapt by 115 percent, the first rise in four...

Inflation targeting adds pressure on India govt to meet deficit goals 30 Jan 2014 - 08:35 am

MUMBAI: Without explicitly saying so, the Reserve Bank of India has effectively begun to target inflation based on consumer prices, a dramatic shift...

Germany loosens own pension rules while asking EU for reforms 30 Jan 2014 - 08:35 am

BERLIN: Germany’s coalition government presented a pension reform plan yesterday that will cost ¤160bn to 2030 by letting some workers retire earlier, loosening...

Turkey rate hike saves lira; may hurt growth 30 Jan 2014 - 08:34 am

ANKARA: A massive rate hike may have stalled the Turkish lira’s fall and salvaged the central bank’s credibility, but it stunts growth at...

Troika begins Cyprus review 30 Jan 2014 - 08:34 am

NICOSIA: International lenders yesterday began their third assessment of the Cyprus economy to see if Nicosia is upholding its obligations under a bailout...

Sainsbury’s CEO King to stand down in July 30 Jan 2014 - 08:34 am

LONDON: Justin King will step down as chief executive of British grocer J Sainsbury in July after a decade at the helm, with...

QE ends losing streak, adds 73.10 points 30 Jan 2014 - 08:33 am

Doha: Qatar Exchange index ended its losing streak yesterday adding 73.10 points, or 0.65 percent to advance to 11,243.35 points from 11,170.25 on...

Dubai Holding unit sells land to MAF 30 Jan 2014 - 08:32 am

DUBAI: A unit of Dubai Holding, owned by the emirate’s ruler, has sold a piece of land to fast-growing shopping mall developer Majid...

Barclays to shut branches as customers change 30 Jan 2014 - 08:31 am

LONDON: Barclays will close bank branches in Britain “over time” due to changes in technology and customer behaviour, but has no plans for...

Novartis profit dips one percent 30 Jan 2014 - 08:30 am

ZURICH: Swiss pharmaceuticals giant Novartis yesterday announced that its net profit fell one percent in 2013 to $9.2bn (¤6.8bn), blaming the impact of...

UAE’s First Gulf Bank hikes dividend after record results 30 Jan 2014 - 08:30 am

ABU DHABI: First Gulf Bank increased its 2013 dividend payout by 20 percent after posting record quarterly earnings, as the United Arab Emirates’...

Nakilat signs $669m financing deal with Qatar National Bank 30 Jan 2014 - 02:34 am

Officials exchanging documents during the signing ceremony. DOHA: Nakilat, Qatar’s premier gas transporter, has secured a $669m facility from QNB Group for the...

Cyprus seeking Qatari energy expertise, investment 29 Jan 2014 - 09:41 am

Sheikh Khalifa bin Jassim bin Mohamed Al Thani (left) Chairman, Qatar Chamber of Commerce and Industry, and the President of the Cyprus Chamber...

Ahli Bank plans long-term expansion 29 Jan 2014 - 09:39 am

DOHA: Ahli Bank, Qatar’s seventh largest lender by market value, is taking steps for long-term expansion plans. In keeping with the bank’s strategic...