Business

Lower profit 25 Jul 2013 - 01:31 am

The CAT logo on back of a Caterpillar excavator machine at a work site in Detroit, Michigan, yesterday. Caterpillar Inc reported a lower...

Real estate sector transactions up 81pc 25 Jul 2013 - 01:31 am

DOHA: The real estate sector witnessed a standard growth of 81 percent taking the combined value of transactions, during the second week of...

US stocks mostly lower 25 Jul 2013 - 01:30 am

NEW YORK CITY: US stocks Wednesday closed mostly lower, with weak earnings and a gloomy outlook from Caterpillar weighing down the Dow. The...

Saudi firm Almarai eyes hybrid sukuk 25 Jul 2013 - 01:30 am

DUBAI: Saudi Arabian dairy producer Almarai Co has chosen four banks to arrange the sale of a hybrid Islamic bond, or sukuk, banking...

Iberdrola warns of $225m hit from energy reforms 25 Jul 2013 - 01:30 am

MADRID: Spanish utility Iberdrola said fresh energy reforms would wipe at least ¤170m ($225m) from pre-tax earnings this year, and potentially ¤260m annually...

New Japan venture possible: Air Asia chief 25 Jul 2013 - 01:29 am

SINGAPORE: Malaysia-based budget carrier AirAsia could enter into a new venture in Japan, its chief executive Tony Fernandes said yesterday. His comments came...

Rupee gains against dollar after new measures 25 Jul 2013 - 01:29 am

MUMBAI: India’s rupee strengthened against the dollar yesterday — posting its biggest single-day gain in a month — after the central bank took...

Boeing posts strong profits, raises outlook 25 Jul 2013 - 01:28 am

NEW YORK CITY: US aerospace giant Boeing reported yesterday second-quarter profit topping expectations and raised its performance outlook for the full year. Net...

Qatar bourse rises to 52-week high 24 Jul 2013 - 05:19 am

DOHA: Qatar bourse rose near to a new 52-week high on the back of strong gains by telecoms and banking & financial services...

Barwa Bank H1 profit up 85pc 24 Jul 2013 - 05:13 am

Sheikh Mohamad bin Hamad bin Jassim Al Thani & Steve Troop, CEO, Barwa Bank Group DOHA: Barwa Bank recorded a net profit of...

Commercial Bank posts QR1.02bn profit 24 Jul 2013 - 05:13 am

DOHA: Commercial Bank of Qatar (Commercial Bank) yesterday announced its financial results and reported a net profit of about QR1.02bn for the half-year...

Masraf Al Rayan’s H1 profit soars to QR821m 24 Jul 2013 - 05:12 am

DOHA: Masraf Al Rayan posted a net profit of QR821m in the first half of 2013 (2013 H1), an increase of 13.2 percent...

IBQ launches loyalty programme 24 Jul 2013 - 04:49 am

Andrew Ball, Head of Retail Banking & Jabra Ghandour, Managing Director Doha: International Bank of Qatar (ibq) yesterday launched the country’s most comprehensive...

Barwa Real Estate names new Chairman 24 Jul 2013 - 03:41 am

Doha: The Minister of Youth and Sports H E Salah bin Ghanem bin Nasser Al Ali (pictured), is the new chairman of the...

Stocks rise on China economic signal 24 Jul 2013 - 03:41 am

NEW YORK: World stock markets rose to near five-year highs on Tuesday, boosted by views that China was moving to support its cooling...

Kuwait’s NBK Q2 profit up 18.6 pc 24 Jul 2013 - 03:40 am

KUWAIT CITY: National Bank of Kuwait, the emirate’s largest lender, said Tuesday its second quarter to June net profit rose by 18.6 percent...

Oman to invite bids for $3.5bn steam cracker 24 Jul 2013 - 03:40 am

MUSCAT: Oman plans to invite bids to build a steam cracker plant worth $3.5 billion with a production capacity of 1 million tonnes...

Spain seeks buyers for high-speed rail 24 Jul 2013 - 03:39 am

A Talgo 350 high-speed train at the station of Atocha in Madrid. MADRID: Encouraged by a multi-billion euro contract to build a high-speed...