DUBAI: Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1 billion loan, as well as extend the lifespan and cut the interest rate, seeking to take...
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Tharawat to acquire majority stake in Quantum

Tharawat Holding Company, a Saudi-based company renowned as a pioneering corporation in diverse investments, is acquiring a majority stake (around 54 percent) in Quantum Investment Bank Limited (Quant

Alstom shares jump on report of $13bn GE bid

PARIS: Shares in Alstom jumped more than 14 percent after a report that US conglomerate General Electric was in talks to buy the struggling French turbine and train maker for about $13 billion.

New Qatar airport to open next week

DOHA: Qatar’s new Hamad International Airport, a key part of its plans to become a regional aviation hub, will open to passenger traffic next week after construction delays of more than a year, the

Caterpillar raises forecast as construction offsets mine woe

Caterpillar posted better- than-expected first-quarter earnings and sales and boosted its full-year profit outlook on improved expectations for construction while also saying the mining industry co

Qualcomm’s sales might miss estimates as licensing sales slow

SAN FRANCISCO: Qualcomm, the world’s largest maker of mobile-phone chips, forecast fiscal third-quarter sales and profit that may miss analysts’ estimates as handset makers sell fewer phones based

Barclays profit falls on fixed-income slump

LONDON: Barclays Plc said its first-quarter profit fell after a “significant” drop in revenue from its investment bank’s fixed- income operations, extending an industry slump across that busines

Shares in French giant Alstom leap on rumoured GE bid

PARIS: Engineering giant Alstom, a top name in French industry, was caught in a swirl of speculation that US group General Electric is about to make a $13.0 billion bid, and its shares leapt.

Britain’s budget gap narrowest since financial crisis

LONDON: Britain’s hefty budget deficit has fallen to its lowest since the financial crisis, official data showed, helping the government argue it is delivering on a key economic pledge a year

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