Business

New Nexus 7 tablet 25 Jul 2013 - 01:35 am

The new Nexus 7 tablet is demonstrated in San Francisco, California, yesterday. Google Inc showcased a new Nexus 7, a slimmer version of...

IMF sees Saudi jobs challenge 25 Jul 2013 - 01:35 am

WASHINGTON: Saudi Arabia may not be able to create all the private sector jobs it needs for its rapidly growing population, which could...

Fitch affirms Qatar Real Estate Investment Company’s ratings 25 Jul 2013 - 01:35 am

DOHA: Fitch Ratings has affirmed Qatar Real Estate Investment Company’s (Alaqaria) Long-term Issuer Default Rating (IDR) and senior unsecured rating at ‘BBB+’, and...

Sudan currency falls to record low 25 Jul 2013 - 01:34 am

KHARTOUM: Sudan’s currency has fallen to a record low against the dollar on the black market since South Sudan started reducing cross-border oil...

Facebook revenue rises 25 Jul 2013 - 01:34 am

SAN FRANCISCO: Facebook surprised Wall Street with stronger-than-expected earnings for the second quarter yesterday on a sharp rise in revenues, sparking a 16...

UK police probe Shell, ENI in Nigerian oil block deal 25 Jul 2013 - 01:33 am

LAGOS: British police are investigating a money-laundering allegation related to a big oil field bought by Shell and ENI from Nigeria for $1.3bn,...

Biden urges India to open up to US firms 25 Jul 2013 - 01:32 am

US Vice President Joe Biden (second right) talks while Chairman of Indian Software firm Wipro, Azim Premji (left), Boeing India President Pratyush Kumar...

Lower profit 25 Jul 2013 - 01:31 am

The CAT logo on back of a Caterpillar excavator machine at a work site in Detroit, Michigan, yesterday. Caterpillar Inc reported a lower...

Real estate sector transactions up 81pc 25 Jul 2013 - 01:31 am

DOHA: The real estate sector witnessed a standard growth of 81 percent taking the combined value of transactions, during the second week of...

US stocks mostly lower 25 Jul 2013 - 01:30 am

NEW YORK CITY: US stocks Wednesday closed mostly lower, with weak earnings and a gloomy outlook from Caterpillar weighing down the Dow. The...

Saudi firm Almarai eyes hybrid sukuk 25 Jul 2013 - 01:30 am

DUBAI: Saudi Arabian dairy producer Almarai Co has chosen four banks to arrange the sale of a hybrid Islamic bond, or sukuk, banking...

Iberdrola warns of $225m hit from energy reforms 25 Jul 2013 - 01:30 am

MADRID: Spanish utility Iberdrola said fresh energy reforms would wipe at least ¤170m ($225m) from pre-tax earnings this year, and potentially ¤260m annually...

New Japan venture possible: Air Asia chief 25 Jul 2013 - 01:29 am

SINGAPORE: Malaysia-based budget carrier AirAsia could enter into a new venture in Japan, its chief executive Tony Fernandes said yesterday. His comments came...

Rupee gains against dollar after new measures 25 Jul 2013 - 01:29 am

MUMBAI: India’s rupee strengthened against the dollar yesterday — posting its biggest single-day gain in a month — after the central bank took...

Boeing posts strong profits, raises outlook 25 Jul 2013 - 01:28 am

NEW YORK CITY: US aerospace giant Boeing reported yesterday second-quarter profit topping expectations and raised its performance outlook for the full year. Net...

Qatar bourse rises to 52-week high 24 Jul 2013 - 05:19 am

DOHA: Qatar bourse rose near to a new 52-week high on the back of strong gains by telecoms and banking & financial services...

Barwa Bank H1 profit up 85pc 24 Jul 2013 - 05:13 am

Sheikh Mohamad bin Hamad bin Jassim Al Thani & Steve Troop, CEO, Barwa Bank Group DOHA: Barwa Bank recorded a net profit of...

Commercial Bank posts QR1.02bn profit 24 Jul 2013 - 05:13 am

DOHA: Commercial Bank of Qatar (Commercial Bank) yesterday announced its financial results and reported a net profit of about QR1.02bn for the half-year...