Business

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...

SABIC profit dips, plans overseas expansion 20 Apr 2014 - 11:43 pm

DUBAI: Saudi Basic Industries Corp (SABIC) reported a dip in its quarterly earnings yesterday as its chief executive said a shortage of natural...

Khodari Q1 net profit up 78pc on auction 20 Apr 2014 - 11:41 pm

DUBAI: Major Saudi Arabian construction firm Abdullah A M Al Khodari Sons said yesterday that its net profit for the first quarter of...

Europe’s M&A market heats up, more deals eyed 20 Apr 2014 - 11:41 pm

PARIS: Europe’s mergers and acquisitions (M&A) market is rebounding after years in the doldrums, as improving market sentiment is prompting companies to spend...

Sub-Saharan Africa fund unveiled by Carlyle 20 Apr 2014 - 11:41 pm

PARIS: Carlyle this week became one of the first major private equity players to launch a dedicated sub-Saharan Africa fund, underscoring the growing...

Telus to buy startup Mobilicity 20 Apr 2014 - 11:40 pm

New York: Telus Corp, one of Canada’s dominant telecom providers, has reached a new agreement to acquire struggling wireless startup Mobilicity, in a...

UK pushes Malaysian firms to bid for defence deals 20 Apr 2014 - 11:40 pm

Kuala Lumpur: The United Kingdom’s Ministry of Defence is encouraging Malaysian companies to bid for UK Armed Forces supply contracts. Speaking to Bernama...

Fiat-Chrysler to produce iconic Jeep in China 20 Apr 2014 - 01:26 am

A model stands with a 2015 Chrysler 200 at the New York International Auto Show in New York. SHANGHAI: Carmaker Fiat-Chrysler said yesterday...

Ex-Apple chief plans mobile phone for India 20 Apr 2014 - 01:25 am

People access the Internet on their phones using wi-fi hotspot in Bangalore. NEW DELHI: Former Apple chief executive John Sculley, whose marketing skills...