companies

Decision time in Procter & Gamble boardroom brawl

New York - Muslimchronicle

A costly months-long battle over the direction of one of America’s biggest companies culminates on Tuesday with a shareholder vote at Procter & Gamble headquarters in Cincinnati. The fight pits the maker of Gillette razors and Olay soap against activist investor Nelson Peltz, 75, a billionaire hedge fund chief who has pitched himself as the outsider needed to reignite P&G,Read more

Jeddah property market sentiment gets boost from Saudi

Dubai - Muslimchronicle

Initiatives being implemented by the Saudi government have improved sentiment in some of Jeddah’s property sector during the third quarter, a report from real estate specialist JLL said. This bodes well as it indicates that the Jeddah market is nearing the bottom of a downward cycle as initiatives to boost tourism, pilgrimage, investment and local entertainment options are starting toRead more

Investors pick winners from end of Saudi women driving prohibition

London - Muslimchronicle

Retailers, insurers and car hire companies are among the potential winners from the decision to allow women to drive in Saudi Arabia. Investors inside and outside the Kingdom are today assessing the impact of the momentous move on the Kingdom’s $650 billion economy. Saudi Arabia on Tuesday said it would allow women to drive in the Kingdom, in the latestRead more

New UCI president vows to avoid another ‘Armstrong affair’

Bergen - Muslimchronicle

Frenchman David Lappartient said his main job after being elected the new president of the UCI on Thursday was to maintain cycling’s credibility. The 44-year-old beat incumbent Brian Cookson by a landslide 37 votes to eight at the world cycling governing body’s Congress in Bergen, Norway. And having vowed in his election campaign to fight against corruption, doping and technologicalRead more

Qatar Stock Index Gains 15.68 Points

Doha - QNA

Qatar Stock Exchange (QSE) index gained 15.68 points (+0.15%) when the bourse closed trading at 10,428.53 points Monday. The volume of shares traded increased to 13,254,169 from 8,300,011 on Sunday and the value of shares also increased QR333,761,102.09 from QR222,518,229.91 on Sunday. From the 44 companies listed on QSE, shares of 40 saw trading today. From these 24 gained andRead more

Saudi Stock Index Gains 52.67 Points

Riyadh - QNA

Saudi Stock Exchange Market (Tadawul) index closed rose by 52.67 points at 7001.63 points, with a trading value exceeded more than Saudi Riyals (SR) 3.4 billion. Number of shares traded exceeded 166 million shares through 93 thousand transactions, with shares of 105 companies registered up in value while the value of 61 shares have declined. Source: QNARead more

British Interior Minister: 'Encryption On Messaging Services Is Unacceptable'

London - Arab Today

Technology companies must cooperate more with law enforcement agencies and should stop offering a "secret place for terrorists to communicate" using encrypted messages, British Interior Minister Amber Rudd said on Sunday. Rudd also appealed for cooperation from the owners of encrypted messaging apps such as Facebook's WhatsApp, backing away from seeking to introduce new legislation.Rudd added: "There should be noRead more

Qatar to Grant Investment Opportunities to British Companies

London - QNA

HE Minister of Municipality and Environment Mohammed bin Abdullah Al Rumaihi announced that British companies are currently submitting proposals to tender for projects in Qatar estimated at GBP 30 billion, pointing out that Qatar will give the opportunity to British companies to get a number of these investments. Al Rumaihi made the remarks at the conclusion of the first dayRead more

Economy, Commerce Minister Meets UK Secretary of State for International Trade

London - Arab Today

HE Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohammed Al-Thani met on Tuesday with UK Secretary of State for International Trade Liam Fox on the sidelines of the Qatar-UK Business and Investment Forum, which is held over two days in London and Birmingham. During the meeting, they discussed the bilateral relations between both countries and the importanceRead more

Iran Imposes Sanctions on 15 American Companies

Tehran - QNA

Iran, in response to Washington's imposition of new sanctions against Tehran, has put 15 American companies under sanctions.A statement by Iranian Foreign Ministry on Sunday carried by IRNA news agency said: "The Foreign Ministry announced that Iran has imposed sanctions on 15 American companies involved in propping up the Zionist regime, terrorists and suppressing civilians in the region." "Iran condemnsRead more