Business / Qatar Business

Qafac’s annual sales cross $1bn in 2012 10 Feb 2013 - 01:11 am

DOHA: The Qatar Fuel Additives Company’s (Qafac) annual sales have crossed $1bn in 2012. The company is looking for a better performance in...

Qatar’s core sector spending a fillip to tourism sector 09 Feb 2013 - 01:00 am

DOHA: Qatar’s $65bn commitment to infrastructure development has proved to be a major incentive for long term investment by leading hospitality providers, according...

Shale energy unlikely to influence commodity market in long term 07 Feb 2013 - 06:41 am

Gary Dugan, Managing Director and Chief Investment Officer, Asia & Middle East, Coutts, speaking to The Peninsula. shaival Dalal By Satish Kanady DOHA:...

Investors richer by QR17bn on QE this year 07 Feb 2013 - 06:41 am

DOHA: Qatari stocks continue with the gains they made last month after having witnessed a 4.79 percent slump in 2012 that was mainly...

$38bn worth of opportunities for investors: Qatar Rail CEO 07 Feb 2013 - 06:41 am

DOHA: Qatar Rail CEO Saad Al Muhannadi has said that a report it had commissioned from McKinsey has highlighted $38bn worth of investment...

Ezdan Holding Group’s net profit rises to QR408.7m 07 Feb 2013 - 06:22 am

Doha: Ezdan Holding Group’s audited net profit of QR408.7m for the financial year ended December 31, 2012, is an increase by 18.32 percent...

UDC nets QR850m profit for 2012 07 Feb 2013 - 06:19 am

Hussein Al Fardan & Ebrahim Al Sulaiti DOHA: United Development Company (UDC) has recorded another strong performance with reported revenue of QR2.73bn for...

QIMC assets increase by QR1.53bn 07 Feb 2013 - 06:18 am

DOHA: The Qatar Industrial Manufacturing Company (QIMC) has recorded a net profit of QR208.2m in 2012, compared to QR206.2m in 2011.The 2012 full...

ASDA’A Burson-Marsteller to spearhead Beiersdorf’s PR 07 Feb 2013 - 06:16 am

Doha: Beiersdorf, best known as the company behind the world’s No. 1 skincare brand Nivea, has announced the appointment of ASDA’A Burson-Marsteller to...

North Gate project wins International Property Award 07 Feb 2013 - 06:16 am

DOHA: The North Gate project, currently under construction and represented by local Qatari company “Equinox SPC”, has won the “Best Retail Architecture 2012...

Qtel’s Asiacell IPO fully subscribed 07 Feb 2013 - 06:11 am

DOHA: Qtel’s subsidiary Asiacell has announced the successful completion of its share offer. The offering raised $ 1.27bn, representing 25 percent of its...

Qatalum inks supply deals with ALUNOOR, Qatar Aluminium 06 Feb 2013 - 07:20 am

Officials from Qatalum, Qatar Aluminium Extrusion and ALUNOOR during the signing ceremony. Doha: Qatalum, the Qatari aluminium smelter, has announced the signing of...

Wholesale, retail contribution to GDP grows by 5.1pc 06 Feb 2013 - 07:19 am

DOHA: The share of wholesale and retail trade sector in Qatari GDP has grown by 5.1 percent, according to Qatar Statistics Authority’s (QSA)...

Siemens and Qatar Steel sign deal for substation 06 Feb 2013 - 07:18 am

DOHA: Siemens has signed a complete turnkey solution contract with Qatar Steel Company (QSC) to build a high-voltage substation. The 220/66/33-kilovolt (kV) substation...

QP, JCCP hold environment symposium 06 Feb 2013 - 07:17 am

Japanese Ambassador Kenjiro Monji, Corporate Environment and Sustainable Developmet Manager at Qatar Petroleum Dr Ali Hamed Abdullah Al Mulla, Japan Cooperation Centre, Petroleum...

AUB completes sale of 29.4pc stake in Ahli Bank 06 Feb 2013 - 07:16 am

DOHA: Ahli United Bank BSC (AUB) yesterday announced the completion of the sale of its 29.4 percent stake in Ahli Bank Qatar (ABQ)...

Tasweeq, ENOC sign supply deal 05 Feb 2013 - 05:30 am

Saad Abdulla Al Kuwari and Tayyeb Al Mulla exchanging documents at the signing ceremony. DOHA: Emirates National Oil Company (ENOC) has signed a...

Combined net profit of banks crosses QR16bn 05 Feb 2013 - 05:30 am

DOHA: The collective net profits of Qatari banks totalled more than QR16bn ($4.38bn) in 2012, up from QR14.98bn ($4.1bn) in 2011, but analysts...