Business / Qatar Business

Ooredoo Oman Q4 net profit rises 10.8 pct 27 Jan 2016 - 12:55 pm

DUBAI: Ooredoo Oman, the sultanate’s No.2 telecom operator, reported a 10.8 percent increase in fourth-quarter net profit on Wednesday, its sixth rise in...

Commercial Bank instals latest cash processing machine 27 Jan 2016 - 01:49 am

DOHA: Commercial Bank, Qatar’s first private bank, has announced the installation of a new, state-of- the-art banknote processing machine – a first of...

Cut in global oil and gas capex to deepen: Al Sada 27 Jan 2016 - 01:33 am

DOHA: An estimated $380bn worth of investment has been deferred in the global oil and gas sector projects running till 2020, since the...

Vodafone Qatar’s 9-month revenue touches QR1.6bn 27 Jan 2016 - 01:32 am

DOHA: Vodafone Qatar delivered a total revenue of QR1.6bn for the nine months ended December 2015, 8 percent decline over the same period...

QFC’s broadening to attract further foreign investments 27 Jan 2016 - 01:30 am

DOHA: The broadening of business services and laws will enable Qatar Financial Centre (QFC)-licensed firms to be listed on the Qatar Stock Exchange,...

QNB gets JP Morgan elite quality award 27 Jan 2016 - 01:29 am

Senior officials at the award event. DOHA: QNB, the leading financial institution in the Middle East and North Africa, received the 2015 Elite...

GDI receives offshore rig ahead of schedule 27 Jan 2016 - 01:28 am

DOHA: Gulf Drilling International Ltd, a subsidiary of Gulf International Services the main provider of oilfield service in Qatar, announced that they have...

Vodafone Qatar posts net loss of QR286m 26 Jan 2016 - 12:31 pm

Doha: Vodafone Qatar reported a net loss of QR285.7m for the nine-month financial period ending December 31, 2015 compared to net loss of...

Stock market at tempting valuations after crash 26 Jan 2016 - 02:46 am

By Satish Kanady DOHA: With stocks across the GCC region having one of their worst Januarys on records, GCC markets are at tempting...

Qatar sees oil rebalancing after one more downturn 26 Jan 2016 - 02:45 am

Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada addressing a meet in London yesterday. DOHA: Oil markets are...

Qatar’s healthcare spending projected to touch $12bn by 2024 26 Jan 2016 - 02:43 am

By Mohammad Shoeb DOHA: Qatar is expected to witness an estimated spending of about $12bn (QR43.7bn) by 2024, a sharp jump of 150...

Economy & Commerce Minister meets Australian Minister 26 Jan 2016 - 02:42 am

Minister of Economy and Commerce H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani (right) with Richard Colbeck, Australian Minister for Tourism...

Qatar’s mobile phone subscriptions up 44% 26 Jan 2016 - 02:41 am

By Sachin Kumar DOHA: The telecom sector in Qatar has witnessed strong growth over the past few years as total cellular phone subscriptions...

Lulu ranks as 25th fastest growing retailer 26 Jan 2016 - 02:41 am

Doha: Middle East retail major Lulu Group is ranked as the 25th fastest growing retailer in the world and ranked 165th in the...

Doha Bank profits up at QR1.37bn 25 Jan 2016 - 02:32 am

Senior officials at the press conference yesterday. DOHA: Doha Bank recorded an impressive QR1.37bn net profit for the year 2015, reflecting a growth...

Qatar launches first specialised incubator for tourism startups 25 Jan 2016 - 02:31 am

Abdulaziz Al Khalifa (right), QBIC Chairman and QDB CEO, and Hassan Al Ibrahim, Chief Tourism Development Officer at QTA at the event. DOHA:...

Qatar’s real estate prices slip from peak 25 Jan 2016 - 02:30 am

By Satish Kanady DOHA: Qatar’s real estate prices softened a bit during the final quarter of 2015 compared to the previous quarter, after...

GE Oil & Gas signs deal with Qafco for gas turbine maintenance 25 Jan 2016 - 02:29 am

Khalifa Al-Sowaidi, CEO, Qafco (centre); Lorenzo Simonelli, President & CEO, GE Oil & Gas (right) and Ahmed Rahimi, Maintenance Operations Manager, Qafco at...