Business

QNB offers flat rate of 1.8pc on Toyota, Lexus 14 Apr 2014 - 12:52 am

DOHA: QNB is currently running an exclusive offer with 1.8 percent flat rate on Toyota and Lexus models distributed by Abdullah Abdulghani, Al-Tadamon...

CBQ foreign ownership limit upped to 25pc 14 Apr 2014 - 12:52 am

DOHA: The ownership of foreign investors in Commercial Bank of Qatar (CBQ) has been limited to 25 percent of the total shares of...

Europe banks cut 80,000 jobs in 2013 14 Apr 2014 - 12:52 am

LONDON: Europe’s largest banks cut their staff by another 3.5 percent last year and the prospect of a return to pre-crisis employment levels...

Nigeria eyes funds to spark agriculture boom 14 Apr 2014 - 12:51 am

LAGOS: Can investors get rich by backing Nigerian agriculture? An increasingly loud chorus of voices say that answering this question may be the...

Greece to issue more bonds after sale success 14 Apr 2014 - 12:51 am

ATHENS: Greece will issue more bonds after last week’s successful five-year debt sale that ended a four-year drought, the head of the debt...

Investors hail Sun Pharma’s Ranbaxy buy 14 Apr 2014 - 12:51 am

NEW DELHI: On the surface, Sun Pharma’s $3.2bn purchase of Indian generics rival Ranbaxy, which is in deep trouble with US regulators over...

Al Rajhi Bank Q1 earnings slip 14 Apr 2014 - 12:50 am

DUBAI: Al Rajhi Bank reported a slump in net profit for the first three months of 2014 yesterday, marking the second quarter in...

NBK Q1 net up 3.2pc on core banking revenues 14 Apr 2014 - 12:36 am

DUBAI: National Bank of Kuwait, the Gulf Arab state’s largest commercial lender, reported a 3.2 percent rise in first-quarter net profit yesterday, edging...

New UAE law to award 10pc of government work to SMEs 14 Apr 2014 - 12:36 am

ABU DHABI: Planned United Arab Emirates legislation aiming to boost the growth of small and medium-sized enterprises will require 10 percent of future...

Weekly Commodity Update: Commodities power ahead as stock markets weaken 14 Apr 2014 - 12:33 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) Commodities rose for a third successive week, thereby going against the stock market downtrend....

Demonstration against austerity 13 Apr 2014 - 12:35 am

A protester dressed as a prisoner marches through the streets of Paris during a demonstration against austerity plans yesterday.

Currency controls hit Venezuela 13 Apr 2014 - 12:35 am

A worker of El Nacional, one of Venezuela’s main national newspapers, transports paper rolls at its building in Caracas yesterday. Venezuelan newspapers have...

G20 gives US deadline for IMF reforms 13 Apr 2014 - 12:28 am

World Bank President Jim Yong Kim is displayed on a screen as he takes part in a panel discussion on ‘Sharing Prosperity, Delivering...

IPEC, Prime Trade win Kahramaa tender 13 Apr 2014 - 12:27 am

At the training seminar of the company. Doha: IPEC Ltd, a high technology UK-based company along with Prime Trade, which specialises in electrical...

Hollande at Airbus Helicopter factory 13 Apr 2014 - 12:25 am

France’s President Francois Hollande visits the Airbus Helicopter factory with the company CEO, Guillaume Faury (second left), in Queretaro, as part of his...

Startup Job Fair 13 Apr 2014 - 12:25 am

People attend the NYC Startup Job Fair in New York yesterday. The fair expects to connect more than 1,000 job seekers with dozens...

GCC market cap rises 2.1 percent in March 13 Apr 2014 - 12:21 am

DOHA: The combined market capitalisation of GCC bourses increased 2.1 percent month-on-month to $1,048.2bn in March 2014. With a share of $179.8bn, or...

Fed touts tax cuts for growth 13 Apr 2014 - 12:21 am

Washington: Cutting taxes on business investment is an effective form of economic stimulus that could go a long way toward mending the damage...