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LuLu Group’s Twenty14 Holdings acquires iconic Scottish landmark

LuLu Group’s Twenty14 Holdings acquires iconic Scottish landmark

Twenty14 Holdings, the hospitality investment arm of Lulu Group International, has completed a $120mn acquisition of the Waldorf Astoria Edinburgh — The Caledonian.

Astad signs MoU with Turkish firm to strengthen business ties

Astad signs MoU with Turkish firm to strengthen business ties

Astad has signed a memorandum of understanding (MoU) with Yüksel Proje, Turkey’s largest engineering consultancy, to identify mutual business opportunities in engineering, ...

QFCRA warns about false claims by firm

QFCRA warns about false claims by firm

The Qatar Financial Center Regulatory Authority (QFCRA) yesterday warned investors and consumers about a purported investment fund ‘Qatar Investment Company’, claiming to operate here under its umbrella.

Qatar retail space expands 60% in fourth quarter of 2017

Qatar retail space expands 60% in fourth quarter of 2017

Finding that the influx of supply continued to put downward pressure on rents in residential and commercial sectors, it said both sectors may continue to incur market corrections.

QIB profit jumps 12% to QR2.41bn in 2017

QIB profit jumps 12% to QR2.41bn in 2017

Qatar Islamic Bank has achieved net profit of QR2.41bn for the fiscal year 2017, showing an increase of 12% year-on-year.

Ahli Bank reports 2017 net profit of QR639.7mn

Ahli Bank reports 2017 net profit of QR639.7mn

Ahli Bank has reported more than 1% year-on-year increase in net profit to QR639.7mn in 2017.

Europe stocks dip on poor corporate results

Europe stocks dip on poor corporate results

Europe’s major stock markets churned lower yesterday as investors took their cue from downbeat sentiment in Asia, while Wall Street resumed its upward trend.

Indian equities surge as investors track earnings

Indian equities surge as investors track earnings

India’s benchmark stock index surged the most in a month as lenders and software exporters rallied.

Bitcoin slumps to $10,000, half its peak price, as regulatory fears grow

Bitcoin slumps to $10,000, half its peak price, as regulatory fears grow

Bitcoin skidded a further 12% yesterday, marking an almost halving in value from its peak price, with investors spooked by fears regulators could clamp down on the volatile cryptocurrency that skyrocketed last year.

Japan’s machinery orders surge to 10-yr high in Nov

Japan’s machinery orders surge to 10-yr high in Nov

Japanese orders for machinery surged to their highest level in a decade in November, in a sign businesses may finally be responding to policymakers’ efforts to get companies to spend their massive cash piles to spur economic growth.

China’s fuel blenders, independent refiners to feel squeeze from new tax rules

China’s fuel blenders, independent refiners to feel squeeze from new tax rules

China’s fuel blending companies and independent refineries will bear the brunt of new tax rules that will close loopholes that allegedly allowed them to sell fuel without paying consumption taxes.

Wanda is said to be near sale of Australia property projects

Wanda is said to be near sale of Australia property projects

Billionaire Wang Jianlin’s Dalian Wanda Group Co is close to reaching an agreement to sell two Australian luxury property projects...

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