Business

Qatar Navigation posts QR778m nine-month profit 30 Oct 2013 - 01:00 am

DOHA: Qatar Navigation Company (Milaha) recorded a net profit of QR778m for the nine months period ended September 30, 2013, up 22 percent...

Britain plans sovereign Islamic bonds 30 Oct 2013 - 12:59 am

From left: Afghan President Hamid Karzai, Brunei Sultan Hassanal Bolkiah, Malaysian Prime Minister Najib Razak, British Prime Minister David Cameron, Jordan’s King Abdullah...

UAE imposes limits on mortgage loans to avoid property bubble 30 Oct 2013 - 12:58 am

DUBAI: The United Arab Emirates has imposed limits on mortgage loans to prevent another boom-and-bust cycle in the property market, but the restrictions...

Qatar Exchange expects to obtain full membership in world federation 30 Oct 2013 - 12:56 am

A man reads a newspaper near a display screen showing stock information at the Qatar Exchange in Doha yesterday. Doha: Qatar Exchange (QE)...

More foreign investment to boost IPOs: QE 30 Oct 2013 - 12:56 am

DOHA: Qatar Exchange has submitted proposals to the government for higher limits on foreign ownership of listed stocks, which could encourage more companies...

Dubai school operator GEMS plans $500m hybrid sukuk 30 Oct 2013 - 12:55 am

DUBAI: GEMS Education, a Dubai-based schools operator, is seeking to raise about $500m from a debut sale of hybrid Islamic bonds to finance...

Lloyds takes $1.2bn mis-selling hit 30 Oct 2013 - 12:55 am

LONDON: Lloyds Banking Group yesterday set aside a further £750m ($1.2bn) to compensate customers mis-sold loan insurance, overshadowing a near-doubling of third-quarter underlying...

Pfizer earnings dip on patent expirations, taxes 30 Oct 2013 - 12:55 am

NEW YORK CITY: US pharmaceutical giant Pfizer Inc yesterday reported a 19 percent drop in earnings on lower revenues and higher taxes as...

Weekly Money Market Review with IBQ: Central banks’ expectations continue to drive markets 30 Oct 2013 - 12:04 am

The ramifications of the government shutdown continued to affect the US market conditions this week. Starting with warnings about the US credit rating,...

Barwa Bank sees sharp rise in profit 29 Oct 2013 - 04:41 am

Steve Troop (left), Chief Executive Officer of Barwa Bank, and Khalid Al Subeai, Chief Executive Officer of The First Investor (TFI), during an...

Qatar Rail to showcase project deals 29 Oct 2013 - 04:40 am

DOHA: The Qatar Railways Company (Qatar Rail), the company that oversees construction of Qatar’s multi-billion dollar integrated rail network, is to showcase the...

Bankia on profit target 29 Oct 2013 - 04:39 am

A man uses an ATM machine at a Bankia bank branch in the Andalusian capital of Seville, southern Spain, yesterday. Spain’s biggest bailed-out...

QIA eyeing emerging markets push 29 Oct 2013 - 04:39 am

DOHA: Qatar’s sovereign wealth fund is looking at more investments in emerging markets in order to diversify beyond developed nations, said a senior...

Turkish Islamic bank gets QFC licence 29 Oct 2013 - 04:39 am

DOHA: Kuwait Turkish Participation Bank Inc has been granted a licence by the Qatar Financial Centre (QFC) Authority, with effect from September 15...

Al Meera’s 9-month profit rises to QR90.9m 29 Oct 2013 - 04:38 am

Doha: Al Meera Consumer Goods Company yesterday disclosed the interim financial statements for the period ending September 30, 2013. The firm revealed a...

Home prices rise in Hong Kong 29 Oct 2013 - 04:37 am

This long exposure picture shows apartment buildings and office blocks clustered tightly together in Hong Kong’s Kowloon district yesterday. Home prices in the...

Vodafone Qatar-Qnbn brings Net connectivity to 32 towers 29 Oct 2013 - 04:37 am

Niraj Singh (left) and Mohamed Madhoun DOHA: Vodafone Qatar and Qatar National Broadband Network (Qnbn) have brought high-speed internet connectivity to 32 business...

Steep fall in Barwa Real Estate profit 29 Oct 2013 - 04:36 am

DOHA: Barwa Real Estate Group, one of the leading real estate and investment companies in Qatar and the region, posted a huge fall...