Business

Dana Gas fourth quarter profit rises 12 percent 03 Feb 2014 - 06:54 am

DUBAI: Dana Gas made a net profit of Dh128m ($34.9m) in the fourth quarter of 2013, up 12 percent from a year earlier,...

Mazaya Qatar and Mackeen Holding agree to merge 03 Feb 2014 - 06:53 am

Doha: Qatar Exchange (QE) listed firm Mazaya Qatar Real Estate Development Company and Mackeen Holding, a Qatari shareholding company, have announced their plan...

Arabtec bags $6.1bn building contract 03 Feb 2014 - 06:52 am

DUBAI: Dubai construction firm Arabtec clinched a $6.1bn contract yesterday, its biggest ever by value, as its relationship with Abu Dhabi state fund...

Investcorp eyes extended growth 03 Feb 2014 - 06:52 am

DUBAI: Bahrain-based investment company Investcorp expects 15-20 percent annual growth over the next five years, its chief financial officer said yesterday after reporting...

AT&T cuts prices for wireless data plan customers 03 Feb 2014 - 06:51 am

NEW YORK: AT&T Inc, the No. 2 US mobile provider, announced a price cut for customers who share large data plans in its...

Porsche Mideast sales rise by 26pc 03 Feb 2014 - 06:51 am

Dubai: Porsche Middle East and Africa FZE has revealed a record year of regional sales with figures up more than 26 percent compared...

Qatari bourse index adds 18.24 points 03 Feb 2014 - 06:50 am

Doha: Qatar Exchange index added 18.24 points, or 0.16 percent, to advance to 11,173.97 points from 11,155.73 on Thursday. The volume of the...

Peru gas project approved despite Indian concerns 03 Feb 2014 - 06:50 am

LIMA: The long-contested expansion of Peru’s main natural gas field has won final regulatory approval despite UN concerns that it could endanger Amazon...

Production resumes at Areva’s Niger uranium mines 03 Feb 2014 - 06:50 am

NIAMEY: Production resumed at French nuclear giant Areva’s two uranium mines in Niger, which had shut down for weeks for maintenance amid hard-fought...

Lenovo signals global ambition with Motorola deal 03 Feb 2014 - 06:49 am

BEIJING: In 1984, with only $25,000 in Chinese government funding and a dusty 20-square-metre bungalow as their headquarters, a small group of scientists...

Italy’s biggest bank could pocket €3.5bn from BoI’s stake sale 03 Feb 2014 - 06:49 am

MILAN: Italian banks Intesa Sanpaolo and UniCredit could cash in up to ¤3.5bn combined from the sale of part of their revalued stakes...

Weekly Money Market Review with IBQ: Turbulence in emerging market continues 03 Feb 2014 - 06:46 am

Last week ended with a risk off tone as the US dollar and the yen have rallying while for once the euro and...

Weekly Commodity Update : Commodities weaken on market turmoil, dollar strength 03 Feb 2014 - 06:45 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) Commodities moved lower during the course of the week as the diverging outlook between...

GCI deals drive QNB’s profit growth 03 Feb 2014 - 02:20 am

The Chairman of Qatar National Bank (QNB), H E Ali Sherif Al Emadi (centre), addressing the QNB Group Ordinary General Assembly at the...

QBA ready to support Cypriot companies 02 Feb 2014 - 01:56 am

Sheikh Faisal bin Qassim Al Thani, the Chairman of Qatari Businessmen’s Association (QBA), presenting a memento to Nicos Anastasiades, the President of the...

Walmart’s China plans 02 Feb 2014 - 01:54 am

A file picture of a Walmart store in Paramount, California. The world’s largest retailer said that it will tighten inspections on its suppliers...

Rabobank move 02 Feb 2014 - 01:53 am

An exterior view of the headquarters of the Rabobank in Utrecht, The Netherlands. Rabobank certificate holders voted overwhelmingly to change the bank’s cooperative...

QE tapering hits emerging markets 02 Feb 2014 - 01:52 am

Doha: Since the announcement by the US Federal Reserve (Fed) of the gradual reduction of its asset-purchasing programme — the so-called tapering of...