Business

Renminbi still undervalued: US Treasury Secretary 01 Jul 2014 - 11:55 pm

WASHINGTON: US Treasury Secretary Jacob Lew yesterday said China’s yuan currency remains undervalued, a longstanding sore point that will be raised at next...

Iran oil exports drop, stay above Western limits 01 Jul 2014 - 11:55 pm

LONDON: Iran’s crude oil exports dropped in June after a spike in May, yet sales were still above the level allowed by an...

Egypt imposes 10pc tax on capital gains, dividends 01 Jul 2014 - 11:54 pm

CAIRO: Egypt’s president approved a law yesterday imposing a new 10 percent tax on capital gains and stock dividends as the country seeks...

Putin takes stock 01 Jul 2014 - 10:11 am

Russia’s President Vladimir Putin (left) and Russian Central Bank Chairman Elvira Nabiullina meet in the Kremlin in Moscow, yesterday. Russia’s central bank said...

International Islamic announces attractive Ramadan offers 01 Jul 2014 - 10:10 am

DOHA: International Islamic (Qatar International Islamic Bank or QIIB) announced two attractive offers to its customers to coincide with Ramadan. Customers availing new...

ADAC holds annual meet 01 Jul 2014 - 10:08 am

August Markl, chairman of the German car club ADAC, addresses the annual meeting in Munich yesterday.

Barwa Bank profit up 28pc 01 Jul 2014 - 10:07 am

Doha: Barwa Bank Group yesterday announced that its net profit rose 28 percent to QR201m in the first quarter of 2014 compared with...

US fast food chains gain foothold in China 01 Jul 2014 - 10:07 am

A group of Chinese men riding electric bikes on a mission to both sell and advertise Domino’s pizza in Beijing. America’s fast food...

Bulgaria bank crisis eases after EU aid 01 Jul 2014 - 10:05 am

People queue outside an office of Bulgaria’s First Investment Bank in Sofia yesterday. SOFIA: Bulgaria’s banking crisis eased yesterday with fewer depositors queueing...

Economic forum in Paris 01 Jul 2014 - 10:04 am

French Economy, Finance and Foreign Trade Minister Michel Sapin (centre) with President of the Interamerican Development Bank (BID) Luis Alberto Moreno (right) and...

China housing prices fall again 01 Jul 2014 - 10:03 am

Trains running past apartment buildings in southwest China’s Chongqing municipality. Housing prices in major Chinese cities fell for a second consecutive month in...

Nod for America Movil move 01 Jul 2014 - 10:02 am

People in front of the Telcel building in Mexico, which also houses the America Movil office, both owned by Carlos Slim. America Movil...

Energy price volatility: Qatar least vulnerable 01 Jul 2014 - 10:01 am

DOHA: Gulf sovereign’s high and increasing dependence on hydrocarbon revenue is a key vulnerability of their economies and their ratings. Bahrain and Oman...

Qatar’s nominal GDP hits QR192bn in Q1 01 Jul 2014 - 10:01 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),...

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...