Doha: Qatar Exchange (QE) gained 131.72 points (1.48 percent) this week when trading closed yesterday at 9,048.62 points. The trading value increased by 8.74 percent to reach QR1,901,835,111.54 compared to QR1,748,901,534.75 last week. The trading volume increased by 8.45 percent to reach 55,090,526 shares, as against 50,796,841 shares while the number of transactions

DOHA: Oxford Business Group (OBG), a global publishing, research and consultancy firm, recently signed a Memorandum of Understanding (MOU) on research facilities for a tenth consecutive year with Qatar National Bank (QNB), which will give the publishing firm access to the Bank’s expertise and research resources as it begins compiling ‘The Report: Qatar 2014’, a press statement

DOHA: The upcoming ‘Cityscape Qatar 2013’, to be held under the patronage of the Prime Minister and Foreign Minister H E Sheikh Hamad bin Jassem bin Jabor Al Thani, from Monday to Wednesday at the Doha Exhibition Centre, will reveal many international and local real estate developments and projects, a press statement said yesterday.  The three-day event will showcase an imm

  LONDON: Brent crude oil dropped to $103 per barrel yesterday, after data showing a surprise jump in US petrol stockpiles sparked worries that summer demand in the world’s top oil consumer could be weaker than expected. The US Energy Information Administration said that gasoline inventories rose by 3 million barrels last week, suggesting the US domestic fuel market was well

DOHA: Barwa Real Estate Group  has announced plans to unveil several projects at Cityscape Qatar 2013.  Barwa Real Estate Group’s CEO, Abdulla Abdulaziz Al Subaie, will be speaking at the Qatar Real Estate Summit that runs in parallel with Cityscape Qatar. Ahead of Barwa’s participation at Cityscape, Al Subaie said: “We are proud to have conceptualised and delive

  Doha: Qatar Petroleum International (QPI) and Total announced the signing of a framework of agreement whereby QPI will participate in Total E&P Congo through its subscription to a 15 percent share capital increase of this company. This participation reinforces Qatar’s commitment to invest in Africa and illustrates the Republic of Congo’s willingness to welcome Qatar a

DOHA: Total Research Centre Qatar (TRC-Q) recently conducted a one-day training programme for all engineers and researchers on the topic of solar energy to educate about maximizing energy production while reducing land usage, a press statement said yesterday.  This exclusive event was a unique opportunity for energy operators interested in gaining a clear understanding of opportunities

A group of trainees attending the Core Skills Programme. DOHA: Enterprise Qatar (EQ), an arm of the Ministry of Business and Trade, has launched a training programme ‘Core Skills Programme’ to master essential business skills among entrepreneurs and managers of small and medium enterprises (SMEs) in Qatar, said a press statement yesterday.  The programme, which is he

DUBAI: Doha Bank could issue a capital-boosting bond instead of shares as planned, although it was evaluating the best route to help raise core capital, its chief executive said. Qatar’s fifth-largest lender by market value had said in January it would hike its paid-up capital by 50 percent, split equally between a local rights issue and a sale of global depositary receipts (GDRs) in

The representatives of Franchise Times/IFA and US Commercial Service Trade Mission during the press conference at Four Seasons yesterday.  (Shaival Dalal) BY MOHAMMAD SHOEB DOHA: A business delegation under ‘Franchise Times/IFA & US Commercial Service Trade Mission’ representing different sectors of businesses including food and beverages industry, educa

  Officials of Mannai Automotive Group and Chevrolet during the opening of the showroom in Istanbul. DOHA: Mannai Automotive Group, the distributor of General Motors cars in Qatar, has opened a Chevrolet showroom and service facility in Istanbul (Turkey) through its subsidiary GTC ‘Chevrolet Global’, the latest addition to Chevrolet dealerships, a press statement sai

Australian Foreign Minister Bob Carr (left) with Pablo Kang, Australian Ambassador to the United Arab Emirates and Qatar, during a businessmen reception in Doha. (Abdul Basit) DOHA: The visiting Foreign Minister of Australia, Bob Carr, met with the members of the Qatari Businessmen’s Association (QBA) to discuss investment opportunities in the resource-rich Australia.  Hu

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada witnessing the signing of agreement to form Nebras Power. BY MOHAMMAD SHOEB DOHA: Qatar Electricity and Water Company (QEWC), Qatar Petroleum International (QPI), and Qatar Holding (QH) yesterday signed a shareholder’s agreement to establish a $1bn new shareholding company named ‘Nebras Power’ aim

DOHA: The Arab Petroleum Investments Corporation (Apicorp), the multilateral development bank owned by the 10 members of the Organisation of Arab Petroleum Exporting Countries (OAPEC), yesterday announced net profits of $109m, for 2012, up three percent compared to 2011. The given net profit is the highest-ever in the organisation’s 37 year history, said a press statement. The financi

Shaijan  M O, Regional Manager, Mohamed Sainulabideen, General Manager and other officials of Lulu Hypermarket Group cutting a cake to mark the 11th anniversary of Lulu Hypermarket’s D Ring Road branch yesterday.

Mark Schultz, operations manager for HydraFLX, pumps fuel into a special hydro-cell vehicle at an alternative energy facility that converts solar and wind energy into hydrogen at Joint Base Pearl Harbor Hickam in Honolulu, Hawaii. The global financial crisis helped slam the breaks on dreams of a Hydrogen Highway, but the roots of green energy’s mid-life crisis run far deeper.

DOHA:  India is soliciting cash-rich Qatar’s active participation in infrastructure development projects as the South Asian nation hopes to invest an incredible $1 trillion in infrastructure over the next five years. India’s Finance Minister P Chidambaram (pictured) was here on the last leg of a three-nation official visit that earlier took him to the UK and France to

DOHA: Taking stock of the latest data released about Qatar’s sovereign and banking sector outlook, the Qatari economy is likely to perform “better than expected”. The Gross Domestic Product (GDP) is expected to grow by 5-6 percent in the next few years, according to the latest Emerging Markets Research by Barclays. “Qatar’s changing growth drivers continue to s

Work in progress at Msheireb Downtown Doha development. DOHA: Msheireb Properties, Qatar’s leading sustainable real estate developer, has awarded worth QR2.5bn construction contract to a consortium comprising Obayashi Corporation and HBK Contracting for Phase-3 of its flagship project, Msheireb Downtown Doha, a press statement said yesterday. The construction for Phase-3 stage

Chairman addressing the board members and executive management during the meeting. DOHA: The new members of the board of Barwa Bank Group held a meeting chaired by Sheikh Mohammed bin Hamad bin Jassem Al Thani, Chairman and Managing Director to discuss the bank’s activities and future growth plans, a press statement said yesterday.  Sheikh Mohammed said: “Through thi