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GWC posts 5% gain in 9-month profit to QR157.26mn

GWC posts 5% gain in 9-month profit to QR157.26mn

Gulf Warehousing Company (GWC), Qatar’s leading logistics provider, has reported about 5% growth year-on-year in net profit to QR157.26mn in the first nine months of this year.

Al-Sada delivers keynote address at LNG conference in Tokyo

Al-Sada delivers keynote address at LNG conference in Tokyo

HE the Minister of Energy and Industry, Dr Mohamed bin Saleh al-Sada with ministers and other senior officials who have attended the 6th LNG Producer-Consumer Conference that was held in Tokyo under the slogan “Developing LNG Markets in Asia”.

Recession slows Saudi effort to close budget deficit

Recession slows Saudi effort to close budget deficit

Saudi Arabia’s plans to sell state assets — including a stake in energy giant Saudi Aramco — are becoming even more important to its finances as a recession slows Riyadh’s effort to close a budget deficit caused by low oil prices.

Opec sends strongest signal cuts may extend to end-2018

Opec sends strongest signal cuts may extend to end-2018

Opec sent its strongest signal yet for an extension of production cuts until the end of 2018, saying preparations for the next meeting are taking their lead from Russian President Vladimir Putin’s tentative backing for a further nine months of curbs.

How to survive Wall St’s robot revolution

How to survive Wall St’s robot revolution

Wall Street’s robot revolution has begun. JPMorgan Chase & Co is rolling out a programme called LOXM that executes equities trades so well, it’s replacing the humans who used to do that.

The upbeat bankers who privately fret about gutting their staffs on AI

The upbeat bankers who privately fret about gutting their staffs on AI

A top executive at a major Wall Street bank is deep into his spiel on how artificial intelligence will make the firm smarter and leaner when he pauses to take a question: What does this mean for young people entering the business?

PBoC warns of ‘Minsky moment’ as economy powers ahead

PBoC warns of ‘Minsky moment’ as economy powers ahead

China’s central bank chief yesterday issued a stark warning about asset bubbles in the world’s second-largest economy, which looks set to clock its first acceleration in annual growth since 2010, driven by public spending and record bank lending.

China GDP growth slows in Q3 but on course to beat target

China GDP growth slows in Q3 but on course to beat target

China’s economy slowed marginally in the third quarter but is well on course to beat the government’s annual target, cementing President Xi Jinping’s standing as he prepares to be handed a second term in power at a Communist Party conclave.

Beijing to give foreigners greater access to banking sector

Beijing to give foreigners greater access to banking sector

China’s top banking regulator said yesterday that the country will further open up its banking system to foreign investors, who have failed to make inroads into the highly regulated sector and seen their market share decline.

Bank of Korea holds key rate steady

Bank of Korea holds key rate steady

South Korea’s central bank held its key interest rate steady yesterday, as expected, as it evaluates risks and stays cautious ahead of any further monetary tightening in the United States.

Kobe Steel wins respite after Toyota, Honda clear aluminium parts

Kobe Steel wins respite after Toyota, Honda clear aluminium parts

Toyota Motor Corp cleared aluminium parts supplied by Kobe Steel Ltd of safety concerns, giving the embattled steelmaker a respite as companies around the world rush to check the safety of their products following revelations of data falsification.

Nissan set to suspend vehicles’ production for Japanese market

Nissan set to suspend vehicles’ production for Japanese market

Nissan Motor Co Ltd is suspending domestic production of vehicles for the Japanese market for at least two weeks to address misconduct in its final inspection procedures that led to a major recall, it said yesterday.

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