Business

Industries Qatar posts QR2.5bn Q1 net profit 03 Jun 2013 - 12:48 am

Doha: Industries Qatar achieved a net profit of QR2.5bn in the first quarter of 2013, the company said yesterday. The Minister of Energy...

US trade mission on Doha visit 03 Jun 2013 - 12:47 am

DOHA: The US Ambassador to Qatar, Susan L Ziadeh, welcomed a trade mission featuring 13 American companies representing a wide range of sectors...

EU faces tough decision on Chinese solar panels 03 Jun 2013 - 12:47 am

BRUSSELS: The European Commission faces a difficult choice on Wednesday — stick to its principles and impose anti-dumping duties on Chinese solar panel...

Coffee shops brew growth 03 Jun 2013 - 12:46 am

Customers wait to order their drinks at Sightglass, a coffee bar and roastery, in San Francisco, California, yesterday. The new generation of upscale...

Job recycling 03 Jun 2013 - 12:45 am

A former employee of the Maflow automobile air conditioning company, now occupying the factory renamed Rimaflow, inspects parts of old electronic equipment in...

Adamant Apple in court to fight ebook conspiracy 03 Jun 2013 - 12:44 am

NEW YORK: Apple goes on the defensive today with the start of a trial in which US officials allege the company was the...

Gulf issuers tap Malaysia sukuk market 03 Jun 2013 - 12:44 am

MANAMA: Growth in cross-border Islamic bond issues points to greater convergence in an industry that has been divided by tensions between the Middle...

MAF delays hybrid bond sale 03 Jun 2013 - 12:44 am

DUBAI: Dubai mall developer Majid Al Futtaim (MAF), has delayed plans to raise at least $500m from a hybrid bond sale to fund...

Altimo says no plan for new Orascom offer 03 Jun 2013 - 12:43 am

MOSCOW/CAIRO: Russian firm Altimo said yesterday it had no plans to launch a new offer to buy out minority shareholders in Orascom Telecom...

Chery trucks ready for export 03 Jun 2013 - 12:42 am

New trucks manufactured by Chinese automaker Chery are parked before being loaded for export at a port in Lianyungang, Jiangsu province, yesterday.

Bright future for Mongolia 03 Jun 2013 - 12:41 am

A new hotel and office building stands beside the ancient Choijin Temple in Ulan Bator, Mongolia, yesterday. The country is in the middle...

Qatari bourse index adds 1.22 points 03 Jun 2013 - 12:41 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 1.22 points or 0.01 percent to advance to 9,239.22 points from 9,238.00 on Thursday....

No mission to save ailing banks, says Swiss central bank chief 03 Jun 2013 - 12:41 am

ZURICH: Switzerland’s central bank has no mission to save troubled banks, its president told local media yesterday, as a string of the country’s...

France to force big firms to disclose foreign tax bill 03 Jun 2013 - 12:40 am

PARIS: France plans to force large companies to declare details of their foreign activities as a way of reducing tax avoidance, a finance...

Bahrain budget deficit widened to $601m in ’12, below plan 03 Jun 2013 - 12:40 am

DUBAI: Bahrain’s budget deficit widened sevenfold in 2012 to 227m dinars ($601m), but stayed well below an initial plan as the country reined...

KFH to start $224m rights issue on Wednesday 03 Jun 2013 - 12:40 am

DUBAI: Kuwait Finance House (KFH), the Gulf Arab state’s largest Islamic bank, will begin a KD64m ($223.9m) capital increase programme on Wednesday to...

Weekly Money Market Review with IBQ: Economic data remain key for the Fed decision 03 Jun 2013 - 12:35 am

Markets were very volatile last week and currency performance was directly correlated to position unwinding. The poor performance in the Nikkei seemed to...

Qatar First Bank 2012 income hits QR113.2m 02 Jun 2013 - 02:29 am

Qatar First Bank officials during the annual general meeting. DOHA: Qatar First Bank’s (QFB) net income increased to QR113.2m ($31.1m) for year ended...