Business

QNB Group buys additional 49.96pc stake in Tunisian Qatari Bank 24 Jan 2013 - 06:18 am

DOHA: QNB Group has acquired an additional 49.96 percent stake in the share capital of the Tunisian Qatari Bank, thus raising its total...

Brent up on UK jobs data 24 Jan 2013 - 06:17 am

NEW YORK: Brent crude futures edged up and US crude dipped yesterday in choppy trading as improving British employment data lent support, while...

Mannai Corp elects Board of Directors 24 Jan 2013 - 06:17 am

DOHA: Mannai Corporation yesterday held an Ordinary General Assembly at the Intercontinental Hotel here yesterday. At the meeting the shareholders re-elected the members...

European shares eke out gains; banks retreat 24 Jan 2013 - 06:16 am

PARIS: European shares inched higher yesterday, moving back towards a near two-year high hit recently, although a bout of profit taking on bank...

Power-Gen conference from Feb 4 24 Jan 2013 - 03:32 am

From left: Debbie Stanford-Kristiansen, Rashid Naser Al Hajre, Remy Rowhani and Tom Freyberg at the conference. DOHA: This year’s Power-Gen Middle East and...

Qatari bourse index rises by 0.34 percent 24 Jan 2013 - 03:31 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 29.71 points (or 0.34 percent) to advance to 8,652.86 points from 8,623.15 on Tuesday....

Asiacell share offer to be a sell-out 24 Jan 2013 - 03:31 am

BAGHDAD: Iraqi mobile operator Asiacell’s $1.35bn share sale will be fully subscribed, bookrunner Rabee Securities said, though a top bourse official and some...

QFC Authority to host Seventh Multaqa Qatar meet on March 11 24 Jan 2013 - 03:30 am

Doha: The Seventh Multaqa Qatar conference will be held here on March 11 and 12, hosts Qatar Financial Centre (QFC) Authority announced yesterday....

World markets calm but risks remain, Davos summit hears 24 Jan 2013 - 03:30 am

DAVOS: Global markets have calmed significantly in the past year, but the world economy is not out of the woods yet, a panel...

Kuwait Airways Corp to be shareholding company 24 Jan 2013 - 03:29 am

KUWAIT CITY: Kuwait’s national carrier plans to buy up to 21 new aircraft over the next two years after parliament yesterday passed a...

QIIB nets QR679m profit in 2012 23 Jan 2013 - 07:19 am

Sheikh Dr Khalid bin Thani Al Thani & Abdulbasit Al Shaibei DOHA: International Islamic (Qatar International Islamic Bank) recorded a strong growth across...

Qtel close to clinching $1bn loan facility 23 Jan 2013 - 07:19 am

DUBAI: Qatar Telecom (Qtel) is close to clinching a $1bn loan facility that will help to finance its general business operations, banking sources...

Egypt pound drops further 23 Jan 2013 - 07:19 am

CAIRO: Egypt’s pound extended losses yesterday at a central bank forex auction, leaving it 6.8 percent weaker than when the sales were launched...

UAE central bank not to impose mortgage caps 23 Jan 2013 - 07:18 am

DUBAI: The United Arab Emirates central bank has confirmed that it will not impose limits on mortgage loans without consulting commercial banks, after...

Qatar Insurance Company to float rights issue 23 Jan 2013 - 07:18 am

DOHA: The country’s premier risk underwriter, Qatar Insurance Company (QIC), says it hopes to give away both cash and stock dividends for 2012,...

Contractors want price of steel rods reduced further 23 Jan 2013 - 07:18 am

DOHA: While some Qatari contractors see the recent decrease in the price of steel rods in the local market encouraging, others were not...

Energy demand in developing nations to rise by 65pc: Cahir 23 Jan 2013 - 07:17 am

Bart Cahir, President and General Manager of ExxonMobil Qatar Inc. speaking at the Offshore Middle East Conference and Exhibition at QNCC. DOHA: Energy...

Iran rial slips amid row over central bank chief 23 Jan 2013 - 07:16 am

DUBAI: The Iranian rial has dropped sharply on the open market since Sunday, following speculation the central bank chief could be sacked in...