Business

Alhokair Q4 net profit up 40pc 21 Apr 2014 - 11:46 pm

DUBAI: Fawaz Abdulaziz Alhokair Co, the Saudi Arabian retailer which franchises brands such as Zara and Marks and Spencer in the kingdom, reported...

ADIB Q1 net up 20.4pc 21 Apr 2014 - 11:46 pm

DUBAI: Abu Dhabi Islamic Bank, the largest Shariah-compliant lender in the emirate, met analysts’ expectations as it posted a 20.4 percent rise in...

Zain posts 7.5pc profit rise in Q1 21 Apr 2014 - 11:45 pm

KUWAIT CITY: Kuwaiti telecom giant Zain said yesterday its net profit rose 7.5 percent on year in the first quarter of 2014, mainly...

Qatar Rail awards construction, liability insurance to QIC-led body 21 Apr 2014 - 07:23 am

The signing in ceremony of the deal. DOHA: Qatar Railways Company (Qatar Rail), the company which is overseeing the construction of the country’s...

Pfizer considers $101bn bid for AstraZeneca 21 Apr 2014 - 07:23 am

LONDON: US pharmaceutical giant Pfizer has approached British rival AstraZeneca to propose a £60bn ($101bn) takeover, Britain’s Sunday Times reported. The paper cited...

Ikea plans to roll out more products soon 21 Apr 2014 - 07:22 am

John Kersten, MD, Ikea Qatar, UAE, Egypt and Oman. Doha: Ikea, which has completed a year in Qatar, has seen positive response from...

Carmakers struggle to meet demand 21 Apr 2014 - 07:20 am

An Infiniti Q30 concept car is displayed at Auto China 2014 in Beijing. SHANGHAI/BEIJING: Global carmakers are scrambling to meet the demands of...

Daimler to sell DENZA car in China 21 Apr 2014 - 07:19 am

Daimler AG CEO Dieter Zetsche at a world premiere of the Mercedes Benz S63 AMG Coupe at Auto China 2014. BEIJING: Daimler said...

Russia stares at recession as Ukraine crisis scars economy 21 Apr 2014 - 07:16 am

MOSCOW: Russia looks increasingly likely to sink into recession in 2014 as the knock-on effects of its standoff with the West over Ukraine...

Zain sued for $4.5bn over Iraq buy 21 Apr 2014 - 07:15 am

DUBAI: Zain is being sued for $4.5bn over its 2007 acquisition of an Iraqi telecom operator, the Kuwaiti firm said in a bourse...

India asks Toyota to restore work 21 Apr 2014 - 07:15 am

BANGALORE: An Indian state government has ordered Japan’s Toyota and its union to restore operations at its two Indian factories after a protracted...

Qatar bourse extends rally, up 12.16 points 21 Apr 2014 - 07:15 am

DOHA: Qatar’s bourse extended its rally on the fourth straight session yesterday on better-than-expected first quarter results. The index gained 0.22 percent, or...

Qatar to keep surplus cement as buffer: QNCC 21 Apr 2014 - 07:14 am

DOHA: Qatar National Cement Company (QNCC) Chairman and Managing Director Salem bin Butti Al Naimi said the company is currently capable of meeting...

IBQ gets ‘Private Bank of the Year-Qatar’ award 21 Apr 2014 - 07:13 am

Doha: International Bank of Qatar (ibq) was conferred ‘Private Bank of the Year-Qatar’ award by the International Banker 2014 Banking Awards for the...

GM to invest $12bn in China, plans 5 plants 21 Apr 2014 - 07:13 am

BEIJING: US car giant General Motors Corp (GM) plans to invest $12bn in China from 2014 to 2017 and build more plants next...

Carmakers woo China amid growth woes 21 Apr 2014 - 07:13 am

BEIJING: Leading global automobile makers gathered in Beijing yesterday for China’s biggest car show, expressing confidence in the world’s largest car market even...

BMW’s new factory site decision soon 21 Apr 2014 - 07:11 am

BEIJING: Germany’s BMW is getting closer to deciding whether it will build a new factory, its board member Ian Robertson said yesterday, as...

Doha Bank posts QR399m profit 21 Apr 2014 - 06:26 am

(From left) Doha Bank Chairman Sheikh Fahad bin Mohammad bin Jabor Al Thani, Managing Director Sheikh Abdul Rahman bin Mohammed bin Jabor Al...