Business / Qatar Business

Qatar Holding takes stakes in BofA, Samsung 01 Nov 2013 - 01:18 am

DUBAI/SEOUL: Qatar Holding has built small stakes in Bank of America and Samsung Electronics, two sources familiar with the matter said, as the...

S&P Dow Jones to upgrade Qatar to emerging market status 01 Nov 2013 - 01:17 am

DOHA: The International Index Compiler S&P Dow Jones Indices announced its decision to reclassify Qatar as an Emerging Market, from the existing Frontier....

WOP Dubai to highlight Qatar’s $58m edible produce trade 01 Nov 2013 - 01:17 am

DOHA: The International Perishables Expo Middle East (WOP 2013), running from November 17 to 19, 2013 in Dubai will offer an ideal venue...

Qatar Exchange market cap rises to QR533.1bn 01 Nov 2013 - 01:16 am

Doha: Qatar Exchange’s main index gained 185.14 points (1.92 percent) last week when the bourse closed trading at 9,837.49 points yesterday afternoon. The...

QE listed firms’ combined profit in nine months at QR30.1bn 01 Nov 2013 - 01:16 am

DOHA: The combined net profit of 41 listed companies in Qatar rose 6.67 percent during the first nine months of 2013. The net...

Opec oil output hits two-year low in October 01 Nov 2013 - 01:15 am

LONDON: Opec’s oil output has fallen below 30 million barrels per day (b/d) for the first time in two years in October, a...

US unemployment claims decline 01 Nov 2013 - 01:14 am

WASHINGTON: US jobless claims declined last week in welcome news for the nation’s battered labor market after the impact of a government shutdown...

19.5 million jobless in the Eurozone 01 Nov 2013 - 01:14 am

BRUSSELS: Eurozone unemployment is back flirting with the 20-million mark, new data out yesterday showed, after what analysts said was a stark “revising...

Mazaya profit rises 75pc to QR7.7m 01 Nov 2013 - 01:14 am

Doha: Mazaya Qatar Real Estate Development has reported an interim net profit of QR7.7m for the nine-month period ended September 30, according to...

Ooredoo posts QR25.65bn revenue 31 Oct 2013 - 01:06 am

DOHA: Driven by continued strong performances in Qatar, Algeria and Iraq, Ooredoo’s Group revenue grew by 2.6 percent to QR25.65bn during the first...

Qatar Exchange becomes full member of WFE 31 Oct 2013 - 01:05 am

Doha: In a new recognition of the progress achieved by Qatar Exchange (QE) at various technical, regulatory and operational levels, Qatar Exchange yesterday...

Muntajat, Qapco and Qatofin take part in Dusseldorf K Trade Fair 31 Oct 2013 - 01:00 am

A view of the Qatar companies’ stall at the K Trade Fair. Doha: Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat), Qatar...

‘Qatar has major petrochemical expansion plans’ 31 Oct 2013 - 12:56 am

DOHA: Qatar has greater petrochemical expansion plans than any other country in the region over the next 5-10 years and is well positioned...

Mashreq expands mega project financing across the Gulf states 31 Oct 2013 - 12:56 am

DOHA: After the success of taking part in the consortium financing of a joint venture that was awarded the QR8.46bn contract by Qatar...

Aamal Company records QR240m profit in nine months 31 Oct 2013 - 12:56 am

DOHA: Aamal Company recorded QR240m net profit for the first nine months of 2013 (9M 2013) compared to a net profit of QR199.5m...

Ahli United Bank posts $502.2m net profit 31 Oct 2013 - 12:55 am

DOHA: Ahli United Bank (AUB) reported a net profit attributable to its equity shareholders of $502.2m for the nine months ended September 30,...

Commercial Bank posts QR1.30bn net profit 31 Oct 2013 - 12:53 am

DOHA: Commercial Bank of Qatar delivered a net profit of QR1.30bn for the nine months ended September 30, 2013. The bank’s total assets...

QFC Authority honoured with Best Financial Centre in Mideast award 31 Oct 2013 - 12:46 am

Doha: The Qatar Financial Centre Authority said yesterday that it has won the Global Investor/ISF magazine “Best Financial Centre in the Middle East”...