Business / Qatar Business

QCB set to issue QR4bn T-Bills 30 Jul 2014 - 11:56 pm

DOHA: Qatar Central Bank (QCB) will issue QR4bn worth of local currency Treasury bills next week. The T-bills, to be issued on Tuesday,...

Combined profits of 35 listed firms hit QR17.6bn 29 Jul 2014 - 11:31 pm

DOHA: The combined net profit of 35 listed companies on Qatar bourse touched QR17.6bn in the first half of 2014, reflecting an estimated...

Qatar, Turkey in talks to develop gas receiving station 29 Jul 2014 - 12:12 am

DOHA: Turkey is in talks with Qatar to develop a ‘gas receiving station’ in Turkey. The facility is aimed to receive gas imported...

Qatar stocks decline ahead of long holidays 28 Jul 2014 - 12:47 am

DOHA: Qatar bourse’s main index declined 0.58 percent yesterday before the market closed for four-day Eid Al Fitr holidays. After long holiday weekend,...

Qatar state spending up 12.7pc last fiscal 28 Jul 2014 - 12:46 am

DUBAI: Qatar’s state spending increased 12.7 percent last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure offset...

Non-energy projects propel GCC development 28 Jul 2014 - 12:44 am

Doha: GCC countries have grown strongly in recent years. High hydrocarbon prices and increased oil and gas production in some countries have boosted...

MPHC’s H1 net profit touches QR899.4m 27 Jul 2014 - 03:54 am

DOHA: Mesaieed Petrochemical Holding Company (MPHC), a subsidiary of Qatar Petroleum and one of the region’s premier diversified petrochemical conglomerates, has recorded a...

Barwa Bank profit rises by 35pc 27 Jul 2014 - 02:23 am

Barwa Bank Group Chairman Sheikh Mohamad bin Hamad bin Jassim Al Thani and Acting Group Chief Executive Officer Khalid Al Subeai. DOHA: Barwa...

Al Khaliji picks Closir for better shareholder engagement 27 Jul 2014 - 02:19 am

DOHA: Al Khalij Commercial Bank QSC has announced its decision to associate with leading financial technology company Closir, becoming the first Qatari bank...

Aamal Company net profit up 30.6pc to QR169.9m in H1 27 Jul 2014 - 02:18 am

DOHA: Aamal Company yesterday announced its financials for the first six months ended June 30, 2014. The company reported a net of QR169.9m,...

Indonesia’s economic turnaround seen: QNB Group 27 Jul 2014 - 02:11 am

DOHA: Joko Widodo (better known as Jokowi) and his vice-presidential candidate, Jusuf Kalla, won Indonesia’s presidential elections on July 22. The pair are...

Qatar bourse tumbles on lacklustre earnings 25 Jul 2014 - 01:33 am

DOHA: Qatar bourse tumbled yesterday on weaker-than expected company earnings, coupled by heavy sell-off by local retail investors ahead of Eid holidays. The...

N-KOM gets QR400m worth GDI contracts 24 Jul 2014 - 08:29 am

Abdullah Fadhalah Al Sulaiti (left), Chairman of N-KOM, and Ibrahim J Al Othman, CEO of GDI, exchanging contracts after signing in the presence...

UDC net profit surges by 34pc to QR521m 24 Jul 2014 - 08:19 am

DOHA: United Development Company (UDC), a leading developer, recorded a net profit of QR521m for the first half of 2014, up 34 percent...

JCDecaux unveils digital screen network at Oman airports 24 Jul 2014 - 08:17 am

Dubai: JCDecaux SA, the number one outdoor advertising company worldwide, has unveiled a new network of HD digital screens at Muscat International Airport...

Masraf Al Rayan UK unit offers new schemes 24 Jul 2014 - 08:16 am

DOHA: Islamic Bank of Britain plc (IBB), a subsidiary of Masraf Al Rayan UK, has announced to extend its UK real estate finance...

Ooredoo posts QR1.7bn profit 24 Jul 2014 - 07:27 am

DOHA: Telecom major Ooredoo’s revenue touched QR16.5bn in the first half of 2014 (H1, 14), down 3 percent compared to a year ago....

GIS posts record H1 profit, net up 58pc 23 Jul 2014 - 02:26 am

DOHA: Gulf International Services (GIS), the largest service group in Qatar with interests in a broad cross-section of industries, delivered strong revenue and...