Business

Russia reports disappointing 1.2pc third quarter growth 26 Oct 2013 - 12:03 am

MOSCOW: Russia’s third-quarter growth rate fell well below expectations yesterday in a fresh blow to government hopes of avoiding the worst performance for...

Philippine retailer set to raise $622m in IPO 26 Oct 2013 - 12:03 am

MANILA: A retailer is set to raise $622m in one of the largest-ever initial public offerings in the Philippines, its main local underwriter...

Global markets resume upward trend 25 Oct 2013 - 04:15 am

Traders working on the floor of the New York Stock Exchange yesterday. NEW YORK: Global equity markets resumed their recent upward trend yesterday,...

Qatar bourse falls to three-week low 25 Oct 2013 - 04:14 am

DOHA/DUBAI: Qatar’s bourse fell to a three-week low yesterday as weak third-quarter earnings prompted many investors to look elsewhere for buying opportunities even...

Jet Airways sees Etihad deal by end of the year 25 Oct 2013 - 04:14 am

NEW DELHI: Jet Airways expects to conclude a $334m stake sale to Abu Dhabi’s Etihad by the year-end, the Indian airline said, one...

US oil futures recoup losses; Brent dips 25 Oct 2013 - 04:13 am

NEW YORK: US oil futures recouped losses in choppy trade yesterday while European Brent crude slid, as traders bet that an abrupt slump...

Suez Canal revenue up 25 Oct 2013 - 04:13 am

CAIRO: Revenue from Egypt’s Suez Canal rose 1.5 percent in September from a year earlier to $442m, Egypt’s state information portal said yesterday....

Ooredoo names CEOs for two subsidiaries 25 Oct 2013 - 04:13 am

Doha: Ooredoo announced yesterday that it has approved two CEO-level appointments for its international operations. Ross Cormack, the former CEO of Nawras, has...

Manufacturing output in US hit by shutdown 25 Oct 2013 - 04:12 am

NEW YORK/LONDON: Fact-ories in China boosted production this month, but US manufacturing output fell for the first time in four years while the...

Ford narrows losses in Europe 25 Oct 2013 - 04:12 am

DETROIT: Ford Motor Co boosted its full-year global profit outlook yesterday, as its European picture brightened and stronger overseas operations sparked better-than-expected third-quarter...

Wataniya’s profit drops in third quarter 25 Oct 2013 - 04:12 am

DUBAI: Wataniya, Kuwait’s No.2 telecom operator, reported a slight drop in third-quarter profit yesterday, missing analysts’ estimates as the company’s under-performance continued. The...

Egypt hints at selling shares to fund high-speed rail project 25 Oct 2013 - 04:12 am

CAIRO: The Egyptian government is considering selling shares to the public to help finance a high-speed passenger rail project extending up the Nile...

3.29 million unemployed in France 25 Oct 2013 - 04:10 am

PARIS: Unemployment in France hit a new record high in September with the number of people officially registered as looking for work rising...

ExxonMobil and QP support QIBWF 24 Oct 2013 - 08:43 am

From left: Raed Chehaib, Ahmed Ali Al Mawlawi, Aisha Al Fardan and Machaille Al Naimi at the press conference. DOHA: Qatar Business Women...

UAE inflation set to rise, but to stay manageable: Analysts 24 Oct 2013 - 08:43 am

DUBAI: Figures released yesterday suggested inflation in the United Arab Emirates will creep higher in coming months, fuelled by a strong revival in...

US oil sinks to lowest since July on stocks 24 Oct 2013 - 08:43 am

LONDON: US crude fell below $97 a barrel to its lowest since July yesterday, outpacing a smaller drop in Brent futures, pressured by...

Beema records 111 percent growth in net profit 24 Oct 2013 - 08:41 am

DOHA: The Board of Directors of Daman Islamic Insurance Company (Beema) has approved the financial statements of the Company for the nine months...

Salam International reports QR107.1m net profit 24 Oct 2013 - 08:40 am

DOHA: Salam International Investment Limited (SIIL) has reported a net profit of QR107.1m for the nine-month period ending September 30. The interim financial...