Business / Qatar Business

QPI buys 25pc stake in Greek power plant 22 Jul 2013 - 12:50 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada posing for a group picture after the signing ceremony...

EQ gets new CEO 22 Jul 2013 - 12:48 am

DOHA: Enterprise Qatar (EQ) has announced the appointment of Abdulaziz bin Nasser Al Khalifa (pictured) as its new Chief Executive Officer. Al Khalifa...

Qatar bourse index down; Dubai rallies 22 Jul 2013 - 12:46 am

Doha: Qatar Exchange was down 9.16 points or 0.10 percent to 9,540.71 points yesterday from the previous closing of 9,549.87 points. Among the...

ARI brings home ‘Mena Sukuk Manager of the Year’ award 22 Jul 2013 - 12:46 am

Doha: City-based Al Rayan Investment (ARI) scooped the Mena Sukuk Manager of the Year title at the 2013 Investment Excellence Awards. The award...

Two new members in QBA board 21 Jul 2013 - 01:37 am

Members of the QBA pose for a group picture. DOHA: The Qatari Business-men’s Association (QBA) is set to meet with the newly appointed...

Boeing confident about Dreamliner; no orders cancelled, says Johnson 21 Jul 2013 - 01:34 am

BY MOHAMMAD SHOEB DOHA: Problems encountered by Boeing’s 787 Dreamliner are glitches that any new airplane goes through, and the company is confident...

Qatar’s Emerging Market status to benefit asset managers 21 Jul 2013 - 01:33 am

DOHA: The MSCI’s decision to elevate Qatar from Frontier Market to Emerging Market status will significantly benefit Asset Management companies. A survey, jointly...

Credit squeeze may dampen growth in China: QNB Group 21 Jul 2013 - 01:31 am

Doha: The Chinese authorities’ policy to squeeze excessive credit expansion may dampen economic growth in the second half of 2013, according to QNB...

QE market cap rises to QR524bn 19 Jul 2013 - 03:36 am

DOHA: The Qatar Exchange (QE) index gained 129.90 points or 1.38 percent last week to close at 9549.87 points. The industrial, insurance and...

Moody’s downgrades subordinated debt ratings of 12 GCC banks 19 Jul 2013 - 03:35 am

DOHA: Moody’s Investors Service yesterday downgraded the subordinated debt ratings of 12 banks in the Gulf Cooperation Council (GCC) countries, including Qatar. The...

Weekly Money Market Review with IBQ: This is the peak of summer’s unpredictability 19 Jul 2013 - 03:22 am

An extremely volatile week in the currency market with the US dollar losing ground in the middle of the week after the FOMC...

CBQ completes Alternatifbank stake purchase 19 Jul 2013 - 03:03 am

DUBAI: Commercial Bank of Qatar (CBQ) yesterday said it had completed the purchase of a 70.84 percent stake in Turkey’s Alternatifbank. The transaction...

New BlackBerry Q5 launched in Qatar 18 Jul 2013 - 04:29 am

DOHA: BlackBerry yesterday announced that the newest BlackBerry® 10 smartphone, the BlackBerry® Q5, is now available from authorised carriers and retailers in Qatar. ...

Dubai up as Air Arabia jumps to near 5-year high 18 Jul 2013 - 04:22 am

Dubai: Dubai-listed budget carrier Air Arabia surged to a near five-year high yesterday, leading a rally on the emirate’s bourse ahead of UAE...

Mackeen to launch specialised ATM solutions 18 Jul 2013 - 04:22 am

DOHA: Mackeen Technology, one of the fastest growing technology companies in Qatar, will be launching specialized solutions for Automated Teller Machines (ATMs) to...

Residential sales at three-year high 18 Jul 2013 - 02:52 am

Jed Wolfe, Managing Director, Asteco Qatar. DOHA: Residential sales in Q2 2013 reached a three-year high, led by increased freehold purchase demand in...

QIB H1 profit reaches QR630m 17 Jul 2013 - 07:55 am

DOHA: Qatar Islamic Bank’s (QIB) profit reached QR630m for the first half 2013 (H1 2013). The Bank’s financing activities have strongly rebounded in...

Posco drops $5.3bn steel project in India 17 Jul 2013 - 07:55 am

MUMBAI: South Korean steel giant Posco scrapped yesterday a $5.3bn deal to build a steel plant in India due to delays, in a...