Business / Qatar Business

GDI takes possession of eighth jack-up drilling rig 21 Jan 2014 - 10:25 am

Doha: Gulf International Services, the largest service group in Qatar, completed the acquisition of its eighth jack-up drilling rig by its drilling joint...

Barwa Real Estate to sell 37.34pc stake in Barwa Bank for QR2.39bn 21 Jan 2014 - 10:22 am

DUBAI: Barwa Real Estate (BRE) said yesterday it had agreed to sell its 37.34 percent stake in unlisted Barwa Bank for QR2.39bn ($656m)...

Qatar bourse index down by 0.19 percent 21 Jan 2014 - 10:22 am

Doha: Qatar Exchange ended in the red when trading closed yesterday at 11,072.13 points, down 20.88 points or 0.19 percent from the previous...

Energy industry faces huge challenges: PM 21 Jan 2014 - 04:59 am

The Prime Minister and Interior Minister H E Sheikh Abdulla bin Nasser bin Khalifa Al Thani (centre) with Minister of Energy and Industry...

Qatar Islamic Bank records QR1.34bn profit 20 Jan 2014 - 12:20 am

DOHA: Qatar Islamic Bank (QIB) recorded a net profit of QR1.34bn for the year 2013, up 7.6 percent compared to QR1.24bn posted a...

Number of IATA-accredited agencies rises to 143 20 Jan 2014 - 12:19 am

BY MOHAMMAD SHOEB DOHA: With Qatar emerging as a new aviation hub in the region backed by a booming tourism industry, the total...

IPTC excellence award 20 Jan 2014 - 12:19 am

Saad Al Kaabi (left), Director of Oil & Gas Ventures at Qatar Petroleum presents the International Petroleum Technology Conference’s (IPTC) ‘Exellence in Project...

Doha to host IATA AGM from June 1-3 20 Jan 2014 - 12:11 am

DOHA: The International Air Transport Association (IATA) is gearing up to hold its 70th Annual General Meeting (AGM) here from June 1 to...

Mideast M&A activities hit $43.4bn in 2013 20 Jan 2014 - 12:09 am

DOHA: Middle Eastern investment banking fees reached $722.2m during 2013. The value of announced M&A transactions with any Middle Eastern involvement reached $43.4bn...

QE snaps 13-day bull run, index down by 0.12pc 20 Jan 2014 - 12:07 am

DOHA: Qatar Exchange (QE) snapped a 13-day winning streak yesterday, as its benchmark index retreated, mainly on selling pressures from local retail investors....

Weekly Money Market Review with IBQ: All eyes on the Fed meeting 20 Jan 2014 - 12:04 am

The US Dollar strengthened against most major counterparts as the S&P 500 Index demonstrated a solid rebound from a sharp fall on Monday....

Weekly Commodity Update: Commodities recover as growth potential supports 20 Jan 2014 - 12:01 am

Commodities saw their first positive weekly performance out of the last three this past week, not least helped by a recovery in all...

QIC nets QR753m profit last year 19 Jan 2014 - 07:42 am

The meeting of the company’s Board of Directors in progress. DOHA: Qatar Insurance Company (QIC) has recorded a net profit of QR753m for...

Sub-Saharan Africa on growth path 19 Jan 2014 - 07:42 am

Doha: Sub-Saharan Africa (SSA) continues its rapid growth momentum. According to the latest QNB Group estimates, the subcontinent grew by 5 percent in...

Operational safety challenges discussed 19 Jan 2014 - 07:37 am

Officials pose for a group picture. DOHA: The Second Operational Safety Challenges Forum provided an opportunity to exchange experiences and share ideas on...

HSBC, Citigroup suspend four forex traders 19 Jan 2014 - 07:31 am

LONDON: HSBC and Citigroup both suspended foreign exchange traders yesterday as a global probe into possible currency market manipulation intensified. Regulators from the...

QP, Maersk Oil to present 14 co-authored papers at IPTC 19 Jan 2014 - 07:31 am

DOHA: Qatar Petroleum (QP) and Maersk Oil have partnered to publish a series of new technical papers and presentations for the 7th International...

Commercial Bank unit holds SME workshop 19 Jan 2014 - 07:30 am

DOHA: Aiming at providing tailored solutions to local Small and Medium Enterprises (SMEs), Enterprise Banking, an SME-dedicated unit of Commercial Bank, recently hosted...