Business

Philippine titan to regain control of PAL 10 Sep 2014 - 12:25 am

A Philippine Airlines plane taxiing on tarmac in Manila International Airport in Pasay city, metro Manila, yesterday. MANILA: The Philippines’ second richest man...

Kuwait woos foreign investors by suspending offset scheme 10 Sep 2014 - 12:24 am

Kuwait’s Minister of Finance Anas Al Saleh speaks at the opening of the Euromoney Conference in Kuwait City yesterday. KUWAIT: Kuwait has suspended...

Apple tastes sour for growers 10 Sep 2014 - 12:23 am

A French farm worker harvests apples in an eight-hectare apple orchard at the Verger d’Epinoy near Cambrai, northern France. French apple growers are...

Dollar hits 14-month high on new rate hike view 10 Sep 2014 - 12:17 am

Dollar hits 14-month high on new rate hike view NEW YORK: The US dollar jumped to a 14-month high against the euro yesterday...

GIS lifts Qatar index to 14,000 mark 10 Sep 2014 - 12:14 am

DUBAI: Gulf International Services (GIS) lifted Qatar Exchange to a record high yesterday after its unit signed contracts worth QR5.2bn ($1.4bn) to supply...

Contribution by GCC takaful to reach $8.9bn 10 Sep 2014 - 12:11 am

DOHA: GCC gross takaful contribution is estimated to reach around $8.9bn in 2014 from an estimated $7.9b in 2013, according to Ernst &...

Banks struggle to clean up forex market 10 Sep 2014 - 12:09 am

LONDON: Banks are struggling to stamp out activity at the root of alleged manipulation in foreign exchange markets, the chairman of Britain’s Financial...

Whitbread sales boosted by buoyant hotel market 10 Sep 2014 - 12:09 am

LONDON: Britain’s Whitbread said buoyant demand at its Premier Inn hotels and stronger growth at its Costa Coffee arm helped send second-quarter underlying...

Gold holds near three-month low as dollar strength hurts 10 Sep 2014 - 12:08 am

LONDON: Gold hovered near its lowest in three months yesterday as the dollar traded at a 14-month high following a Federal Reserve study...

Minister rebuffs calls for German spending push 10 Sep 2014 - 12:08 am

BERLIN: German Finance Minister Wolfgang Schaeuble rebuffed calls for Berlin to spend more to boost the eurozone economy, telling parliament yesterday that painful...

Russia may exchange grain worth $500m for Iranian oil 10 Sep 2014 - 12:07 am

MOSCOW: Russia is looking to supply grain worth up to $500m per year to Iran in exchange for oil, Russia’s state grain trader...

China can’t rely on easy credit policy for growth: PM 10 Sep 2014 - 12:07 am

TIANJIN: China cannot rely on loose credit to lift its economy, Premier Li Keqiang said, adding that it is difficult for the country...

Rosneft slashes staff, production as sanctions hit 10 Sep 2014 - 12:07 am

LONDON/MOSCOW: The Kremlin’s prized oil firm Rosneft is cutting staff and production and selling stakes in Siberian fields in the strongest evidence to...

Global Investment House seeks to relist in Kuwait 10 Sep 2014 - 12:06 am

KUWAIT: Kuwait’s Global Investment House said yesterday it aimed to relist its shares on the Kuwaiti bourse, after its listing was cancelled last...

Ikea reports strong sales 09 Sep 2014 - 11:38 pm

STOCKHOLM: Swedish furniture giant Ikea reported growth in annual sales yesterday, boosted mainly by improved performance in China and a recovery in Europe....

FCm Travels Solutions to mark 10th anniversary 09 Sep 2014 - 11:38 pm

Doha: Travel teams throughout FCm’s global network, which spans 89 countries, will this week celebrate their 10th anniversary. Recognised as the fifth largest...

Global Investment House seeks to relist in Kuwait 09 Sep 2014 - 11:36 pm

KUWAIT: Kuwait’s Global Investment House said yesterday it aimed to relist its shares on the Kuwaiti bourse, after its listing was cancelled last...

QIMC awards consultancy deal to AEB 09 Sep 2014 - 01:03 am

Officials exchange documents during the signing ceremony. Doha: Qatar Industrial Manufacturing Company (QIMC), announced that it has awarded the consultancy services for their...