Business / Qatar Business

Ooredoo’s sukuk wins ‘Qatar - Deal of the Year’ 27 Feb 2014 - 12:27 am

DOHA/DUBAI: Ooredoo yesterday announced that it has won “Qatar - Deal of the Year” at the Islamic Finance Awards 2013 held on February...

Mannai Auto fleet unit posts best-ever sales 27 Feb 2014 - 12:27 am

Mannai Auto Group’s team. Doha: Mannai Auto Group’s Fleet division registered its best-performing year in 2013, with the most total fleet unit sales...

MPHC listing ‘a step towards’ national vision 27 Feb 2014 - 12:21 am

H E Dr Mohamed bin Saleh Al Sada (third from right) with other dignitaries at the listing ceremony yesterday. DOHA: The Mesaieed Petrochemical...

MPHC to debut on QE today 26 Feb 2014 - 12:32 am

DOHA: Qatar Exchange (QE) will list Mesaieed Petrochemical Holding Company (MPHC), a unit of state-owned Qatar Petroleum (QP), today. With the listing of...

QInvest posts 40pc revenue increase 26 Feb 2014 - 12:30 am

From left: Bassel Jamal, Tamim Hamad Al Kawari, Jassim bin Hamad Al Thani, Mohamed Al Manaa and Khamis Mubarak Al Kuwari at a...

MasterCard plans big role in Qatar, to bring in digital wallet 26 Feb 2014 - 12:30 am

BY MOHAMMAD SHOEB DOHA: With the recent acquisition of C-SAM Inc, a leading provider of mobile wallet and on-device software and services, MasterCard...

UDC revenue reaches QR2.08bn 26 Feb 2014 - 12:22 am

DOHA: United Development Company (UDC) recorded revenue of QR 2.08bn for the year 2013. The company’s net profit for the full reached to...

Ooredoo for $1bn refinancing loan 26 Feb 2014 - 12:21 am

LONDON: Qatar’s telecommunications firm Ooredoo has approached banks for a syndicated loan of up to $1bn that will refinance existing debt, banking sources...

Lexus posts 19pc sales growth in Middle East 25 Feb 2014 - 11:57 pm

Doha: Lexus yesterday announced a steady increase in Middle East sales in 2013 with a more than 19 percent rise by selling 37,284...

QIB gets new board, Sheikh Jassim is chairman 25 Feb 2014 - 01:06 am

Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani flanked by Abdullatif bin Abdulla Al Mahmmoud (left) and Mohammad bin Abdullatif Al...

‘Qatar needs to deepen debt market’ 25 Feb 2014 - 01:00 am

Marios Maratheftis (left) and Charles Carlson. Kammutty VP By Satish Kanady DOHA: Qatar needs to deepen its domestic debt market as issuing government...

Loan-to-deposit ratio surges to 107pc 25 Feb 2014 - 12:56 am

DOHA: Qatari banking sector’s loan-to-deposit ratio (LDR) increased to 107 percent at the end of January 2014 against 105 percent in December 2013. ...

QIC’s Antares buyout is credit positive: Moody’s 25 Feb 2014 - 12:56 am

DOHA: The acquisition of Antares Holdings Limited by Qatar Insurance Company (at regulatory approval stage) is “credit positive” for both QIC and Lloyd’s...

Nakilat posts QR756m 2013 operating profit 25 Feb 2014 - 12:55 am

DOHA: Qatar Gas Transport Company (Nakilat) yesterday reported an operating profit of QR756m ($207.60) for the year ended December 31, 2013. The board...

Commercial Bank completes $1bn term loan facility 25 Feb 2014 - 12:55 am

DOHA: Commercial Bank announced the successful completion of a $1bn senior unsecured term loan facility. The lender group consists of 21 major banks...

Upward trend continues at Qatar bourse 25 Feb 2014 - 12:52 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 14.60 points, 0.12 percent, to advance to 11,900.38 points from Sunday’s close of 11,885.78...

Infra projects fuel credit growth 24 Feb 2014 - 01:02 am

BY SACHIN KUMAR Doha: Banks in Qatar registered a 12 percent growth in domestic loans in 2013 with domestic credit growing to QR533bn...

OECD’s new global standard to hit tax cheats 24 Feb 2014 - 12:56 am

Angel Gurria (right) with Australia Treasurer Joe Hockey at the G20 meeting in Sydney. SYDNEY: The OECD yesterday delivered a new global standard...