Business / Qatar Business

Al Meera records QR49.4m net profit in Q1 28 Apr 2016 - 03:35 am

DOHA: Al Meera Consumer Goods Company (Al Meera) has reported a net profit of QR49.4m for the first quarter (Q1) of the current...

Qatar’s foreign trade surplus at QR6.3bn in March this year 28 Apr 2016 - 03:32 am

By Sachin Kumar DOHA: Qatar’s foreign merchandise trade surplus (the difference between total exports and imports) stood at QR6.3bn in March 2016, showing...

UDC unveils iconic Al Mutahidah Towers project 28 Apr 2016 - 03:28 am

A scale mode of Al Mutahidah Towers. By Mohammad Shoeb DOHA: United Development Company (UDC), the master developer of The Pear Qatar (TPQ),...

QFB shares active on first trading day; QE index slips 28 Apr 2016 - 03:26 am

DOHA: The Qatar First Bank (QFB) which debuted its shares on Qatari bourse was the most heavily traded stock yesterday. “Much trading interest...

Alternatifbank issues Eurobonds 28 Apr 2016 - 03:24 am

DOHA: Alternatifbank, the Commercial Bank’s subsidiary in Turkey, has successfully completed its first Basel III compliant Tier 2 Eurobond issuance amounting to $300m...

Siemens’ 1,000th gas turbine heading to Qatar 28 Apr 2016 - 03:22 am

The Siemens gas turbine factory in Berlin. DOHA: The Siemens gas turbine factory in Berlin is shipping its 1,000th gas turbine manufactured at...

Qatar Petroleum launches high performance board programme 28 Apr 2016 - 03:21 am

DOHA: Qatar Petroleum (QP) has launched the ‘Qatar Petroleum High Performance Boards Programme’ in association with the internationally renowned Global Board Center of...

Fitch affirms ibq’s A+ rating 28 Apr 2016 - 03:19 am

DOHA: Fitch Ratings has affirmed International Bank of Qatar’s (ibq) Long-term issuer default ratings at ‘A+’ with a stable outlook. The agency also...

Ooredoo Group records QR7.9bn revenue in Q1 28 Apr 2016 - 03:10 am

DOHA: Supported by strong revenue growth in Oman, Indonesia, Myanmar, Kuwait and Maldives, Ooredoo Group revenue reached QR7.9bn in the first quarter of...

UDC signs agreement for sale of residential tower plot at “Viva Bahriya” 27 Apr 2016 - 05:28 pm

United Development Company (UDC), a leading Qatari shareholding company and master developer of The Pearl-Qatar, signed a sale and purchase agreement with property...

Qatar trade balance shows surplus of QR6.3 billion in March 27 Apr 2016 - 04:02 pm

Doha: The Ministry of Development Planning and Statistics has released preliminary figures of the value of exports of domestic goods, re-exports, and imports...

Qatar Airways raises International Airlines Group (IAG) stake 27 Apr 2016 - 01:21 pm

DUBAI: Qatar Airways has raised its stake in British Airways owner International Airlines Group (IAG) to under 12 percent from 9.99 percent, Chief...

Indonesian banking delegation visits QIIB HQ 27 Apr 2016 - 02:43 am

Indonesia’s Ambassador to Qatar Mohammed Bassiri Sidihabiy presenting a souvenir to Abdulbasit Ahmed Al-Shaibei. DOHA: A delegation from Indonesian Banking Development Institute, accompanied...

Vodafone deploys hybrid power systems to reduce carbon footprint 27 Apr 2016 - 02:38 am

Vodafone’s hybrid power systems use smart controls to cut diesel use by up to 64 percent. DOHA: Vodafone Qatar is rolling out a...

Woqod net profit at QR242.7m 27 Apr 2016 - 02:37 am

DOHA: Qatar Fuel (Woqod) reported a net profit of QR242.7m for the first quarter (Q1) ended March 31, 2016, up 3 percent compared...

AAB receives two prestigious awards from Toyota Motor Corp 27 Apr 2016 - 02:37 am

Osama Abdullah Abdulghani (second left), Chairman Abdulghani Abdullah Abdulghani (third left), Board Member with Takayuki Yoshitsugu, (left) Chief Representative, Toyota Motor Corporation and...