Hot News Headlines

APM Terminals is focus of talks

MANAMA: More than 80 BBBF members and guests attended a monthly networking luncheon with guest speaker APM Terminals Bahrain chief commercial officer Simon Brebner.

The event, held at the Crowne Plaza Bahrain, gave insight into the port operators' role at Khalifa Bin Salman Port (KBSP) and i...ReadMore

Key agreements signed with China companies

MANAMA: A Bahrain business delegation, on a 10-day visit to China, has signed four memoranda of understanding (MoUs) to promote stronger economic and trade ties.

BMW sales surge in Bahrain

MANAMA: Euro Motors continues its surge forward for BMW and MINI sales in 2014 with the BMW Group importer reporting a 36 per cent increase in sales for the three quarters of the year compared with the same period in 2013.

Saudi supplies less oil despite rise in output

DUBAI: Saudi Arabia supplied less crude oil to the market in September than a month earlier, an industry source said yesterday, at a time when some Opec members are calling on the top oil exporter to cut back output to lift prices.

Business activity boost for China and euro zone

LONDON: Euro zone businesses performed much better than forecasters expected this month and China's vast factory sector grew a shade faster, but US manufacturing activity sputtered to its slowest since July, underscoring the uneven nature of the post-crisis global economy.

KIA to resume selling stakes

DUBAI: The Kuwait Investment Authority (KIA) has decided to resume selling stakes in major local companies to the public, planning to offer its stake in Kuwait Investment Company in the first half of 2015.

Tesco chief to quit over finance blow

LONDON: The chairman of Britain's biggest grocery chain, Tesco, announced his resignation yesterday after the company reported a bigger than expected hole in its finances and said accounting transgressions went back further than initially thought.

Qafco to seek profit in key fertiliser products

DOHA: Qatar Fertiliser Company (Qafco) plans to launch niche production of environmentally friendly fertilisers to meet rising demand in Western markets, the firm's chief executive said yesterday.

Key US jobless benefits hold firm

WASHINGTON: New claims for US unemployment benefits held below 300,000 for a sixth straight week last week, suggesting the labour market was shrugging off jitters over a slowing global economy.

Four funds bidding for paintmaker

LONDON: American buyout firms Carlyle and Bain Capital are among a group of four private equity funds preparing second-round bids for British luxury paintmaker Farrow & Ball, several sources familiar with the situation said.

KFH net profit hits $122.7m

DUBAI: Kuwait Finance House (KFH), the country's biggest Islamic lender, reported a 10 per cent fall in third-quarter net profit yesterday, in line with analysts' forecasts.

Sabic-Shell scrap Jubail plant plan

AL KHOBAR: Saudi Basic Industries Corporation (Sabic) and Royal Dutch Shell have shelved plans to expand an existing petrochemical joint venture in Saudi Arabia as the results of feasibility studies were not encouraging.

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