Business

KPMG holds seminar on insurance regulations 05 Feb 2013 - 05:25 am

DOHA: More than 40 senior professionals from Qatar insurance sector converged on Sunday to receive an update on regulatory and financial reporting developments....

Etihad closer to deal with Jet 05 Feb 2013 - 05:24 am

James Hogan (left), Etihad Airways’ President and Chief Executive Officer, and James Rigney, the airline’s Chief Strategist, at a press conference in Abu...

Qatari bourse index loses 1.29 points 05 Feb 2013 - 05:23 am

Doha: Qatar Exchange was slightly down yesterday losing 1.29 points or 0.01 percent to reach 8,725.03 points from the previous closing of 8,726.32. ...

Shell India to challenge order by tax authorities 05 Feb 2013 - 05:23 am

MUMBAI: Anglo-Dutch oil major Royal Dutch Shell’s Indian unit is to challenge an order by local tax authorities that a share sale to...

Egypt central bank moves to curb pound decline 05 Feb 2013 - 05:22 am

CAIRO: Egypt’s central bank tightened the pound’s trading band in the interbank foreign exchange market and reduced the frequency of foreign currency auctions...

Air Leasing Corporation places $9bn Airbus order 05 Feb 2013 - 05:22 am

PARIS: US group Air Leasing Corporation (ALC) has placed a giant order for airliners built by European manufacturer Airbus worth about $9bn (¤6.64bn)...

Non-hydrocarbon sector to perform better 04 Feb 2013 - 12:42 am

From left: Sheikh Mohamed bin Faisal bin Qassim Al Thani, Yousuf Al Jaida and Prashant Kumar at a press conference at the Qatar...

No takers for up to QR800m dividends 04 Feb 2013 - 12:42 am

DOHA: Listed companies have an estimated between QR600m ($164.3m) and QR800m ($219.17m) in unclaimed dividends that have accrued over the years as their...

Dubai hopes sukuk standards will make it a global player 04 Feb 2013 - 12:41 am

DUBAI: Dubai aims to become a top global centre for Islamic bonds by introducing more detailed standards that ensure issuance and trading obey...

S&P sees pickup in acquisitions by Gulf banks 04 Feb 2013 - 12:41 am

DOHA: Banks in the the Gulf Cooperation Council (GCC) countries are becoming active buyers again of stakes in banks in the Middle East...

Qatar ranks second in 2012 M&A deals: Ernst & Young 04 Feb 2013 - 12:40 am

DOHA: Qatar saw the second largest number of announced acquisitions in the Mena region in 2012 with 48 deals. The total deals ware...

QFIB acquires majority stake in Al Wasita Emirates 04 Feb 2013 - 12:39 am

DOHA: Qatar First Investment Bank (QFIB) announced the acquisition of a majority stake in Al Wasita Emirates for Services & Catering (WES), the...

GCC completed construction projects worth $68.7bn in ’12 04 Feb 2013 - 12:38 am

DOHA: Building projects worth over $68.7bn were completed in the GCC in 2012 according to an in-depth sector report. The report, commissioned by...

S&P sees pickup in acquisitions by Gulf banks 04 Feb 2013 - 12:37 am

DOHA: Banks in the the Gulf Cooperation Council (GCC) countries are becoming active buyers again of stakes in banks in the Middle East...

Foreign buyers snap up most of Asiacell shares 04 Feb 2013 - 12:35 am

Investors monitor stock information on an electronic board at the Iraq Stock Exchange in Baghdad, yesterday. BAGHDAD: Foreign investors bought more than two-thirds...

Ahli Bank records QR465.2m profit 04 Feb 2013 - 12:34 am

Doha: Ahli Bank reported its highest ever net profit of QR465.2m for the year 2012, registering a growth of 5.2 percent compared with...

Qatar Exchange index adds 1.55 points; Emaar drags down Dubai 04 Feb 2013 - 12:34 am

Doha: Qatar Exchange index added 1.55 points (0.02 percent) yesterday to reach 8,726.32 points from 8,724.77 on Thursday. The volume of shares traded...

Fiat boss sees Chrysler merger 04 Feb 2013 - 12:34 am

ROME: Fiat boss Sergio Marchionne said yesterday that he expected the merger of the Italian car giant and its US partner Chrysler will...