Business

24pc licensed firms at QFC are domestic 01 Jul 2014 - 09:58 am

DOHA: Domestic firms make up 24 percent of active licensed firms at Qatar Financial Centre (Authority). In 2013, 29 percent of firms which...

Euro inflation stays weak at 0.5pc in June 01 Jul 2014 - 09:57 am

BRUSSELS: Eurozone inflation is still stuck at the lowest levels since the financial crisis, new data showed yesterday, highlighting the threat of deflation...

Kia to build car plant in Mexico to meet demand 01 Jul 2014 - 09:56 am

Seoul: Kia Motors Corp, Korea’s No. 2 carmaker, said yesterday it plans to build a new production plant in Mexico to meet demand...

Qatar Solar Energy, Kazatomprom sign long-term solar panel deal 01 Jul 2014 - 09:56 am

Doha: Qatar Solar Energy (QSE), the largest solar technology development and manufacturing facility in the Mena region, has signed a landmark agreement with...

Egypt curbs spending in energy subsidies 01 Jul 2014 - 09:55 am

CAIRO: Egypt announced deep cuts in energy subsidies in its budget for the 2014-15 fiscal year yesterday, a first step toward reducing the...

Thailand economy sees signs of recovery in Q2 01 Jul 2014 - 09:55 am

BANGKOK: Thailand’s central bank signalled yesterday that Southeast Asia’s second-largest economy would avoid recession this quarter and said manufacturing and consumption “started to...

UK economy shrank less than thought in 2008 01 Jul 2014 - 09:55 am

LONDON: Britain’s economy suffered less than previously thought during the 2008-09 recession, new figures showed yesterday, although this partly reflects weaker growth just...

Accordia tees up for IPO in Singapore 01 Jul 2014 - 09:54 am

SINGAPORE: A Japanese golf course operator said yesterday it is planning a public listing in Singapore, aiming to raise up to Sg$782m ($626m)...

China pushes Asia’s Iranian oil imports above US ceiling 01 Jul 2014 - 09:54 am

TOKYO: China’s Iranian crude imports rose by more than a third in May to the second highest on record, helping keep overall Asian...

EU cuts mobile fees by half to help travellers 01 Jul 2014 - 09:54 am

BRUSSELS: Surfing the Internet on mobile phones when travelling within the European Union will be 50 percent cheaper from today under EU-mandated cuts,...

Ineos buys BASF out of plastics JV for $1.5bn 01 Jul 2014 - 09:53 am

GENEVA: Switzerland-based petrochemical firm Ineos said yesterday it had bought out BASF, the world’s biggest chemicals group, from their joint venture Styrolution, which...

India eyes first labour overhaul in decades 01 Jul 2014 - 09:53 am

NEW DELHI: Prime Minister Narendra Modi has set in motion the first major revamp in decades of India’s archaic labour laws, part of...

Gold set for second quarterly gain 01 Jul 2014 - 09:52 am

LONDON: Gold was steady near a two-month high yesterday ahead of significant US economic data this week and looking set for a second...

Foxconn invests in SK Group unit 01 Jul 2014 - 09:52 am

TAIPEI: Taiwan technology giant Foxconn, the world’s biggest components maker, said yesterday it has invested around $365m in a South Korean information technology...

UK financial firms see unexpected fall in profits 01 Jul 2014 - 09:51 am

LONDON: Britain’s financial services firms saw an unexpected fall in profit in the three months to June, after six quarters of strong rises...

Qatar’s nominal GDP hits QR192bn in Q1 01 Jul 2014 - 05:18 am

DOHA: Qatar’s nominal Gross Domestic Product (GDP at current price) estimate for first quarter of 2014 (Q1 2014) reached at QR192.38bn ($52.83 bn),...

New Kuwaiti dinar 30 Jun 2014 - 11:17 am

A Kuwaiti man holds the sixth edition of a 20 Kuwaiti Dinar bill, that was recently put into circulation by the Central Bank,...

GOIC seeks to raise capabilities of export firms 30 Jun 2014 - 11:16 am

Participants at the course. DOHA: Aiming at promoting exports of industries in the GCC countries, the Gulf Organisation for Industrial Consulting (GOIC) successfully...