Business / Qatar Business

Mena IPO proceeds jump 129pc in Q2 21 Jul 2014 - 03:26 am

DOHA: The Mena IPO market continued its recovery to end the first half of the year 2014 (H1, 14) strongly. There were a...

Qatar General Insurance posts QR53.78m profit 21 Jul 2014 - 02:35 am

Doha: Qatar General Insurance and Reinsurance Company has announced a net profit of QR53.78m for the six-month period ending June 30. This is...

QAC posts sales growth for second consecutive year 21 Jul 2014 - 02:35 am

Doha: Qatar Automobiles Company (QAC) has reaffirmed its market leadership with a record sales growth for a second consecutive year. The authorised dealer...

Weekly Money Market Review with IBQ: Geopolitical upheavals weigh on markets 20 Jul 2014 - 11:23 pm

The US Dollar rallied against the world’s major currencies last week, as the Federal Reserve recognized improvement in the US labor market combined...

Renminbi rise an opportunity for Qatar: QNB 20 Jul 2014 - 02:00 am

Doha: China is opening up to the world and is promoting the wider global use of its currency, the Renminbi (RMB). This could...

Al Khaliji posts QR149.6m Q2 profit 20 Jul 2014 - 01:57 am

Al khaliji Chairman Sheikh Hamad bin Faisal bin Thani Al Thani (left) and CEO Robin McCall DOHA: Al Khaliji bank reported a net...

Doha Insurance gets S&P’s rating upgrade 20 Jul 2014 - 01:57 am

DOHA: Insurance major Doha Insurance yesterday announced that Standard & Poor’s Ratings Services (S&P) has raised its financial strength and counterparty credit ratings....

Gaby-Luise Wuest named Infiniti VP, Global Operations 20 Jul 2014 - 01:56 am

DOHA: Infiniti has named Gaby-Luise Wuest (pictured)its new Vice President, Global Operations, effective September 1, 2014. In this capacity, she will have global...

GDI bags QR1.2bn QP contract for new rig 20 Jul 2014 - 01:55 am

GDI’s Chief Executive Officer Ibrahim J Al Othman DOHA: Gulf Drilling International Limited (GDI), a subsidiary of Gulf International Services (GIS) and the...

Peugeot sales up 5.7pc in H1 20 Jul 2014 - 01:54 am

DOHA: Automobile major Peugeot said that its sales worldwide improved by 5.7 percent during the first half of 2014, to 853,000 units helped...

GE’s $3bn credit card IPO pegged to US consumer recovery 20 Jul 2014 - 01:34 am

New York: The success of General Electric Co’s impending initial public offering for its private-label credit card unit could ride on investors’ willingness...

Muntajat signs two-year contract with Milaha 18 Jul 2014 - 01:22 am

Doha: Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) QJ.S.C. signed a two-year contract with Qatar Navigation Q.S.C. (Milaha) for the time...

QE index jumps 2.83 percent in past week 18 Jul 2014 - 01:19 am

DOHA: Qatar Exchange continued its good run yesterday lifting the index by 0.84 percent to close at 13,284.65 points. The trading value reached...

Qatar’s outward FDI increases to $8.02bn 17 Jul 2014 - 05:52 am

By Satish Kanady DOHA: Qatar’s outward foreign direct investment (FDI) flow surged to a huge $8.02bn last year, accounting for 14 percent of...

Doha Bank profit up 5.2pc at QR787m 17 Jul 2014 - 05:52 am

FROM LEFT: Doha Bank Chairman Sheikh Fahad bin Mohammad bin Jabor Al Thani, Managing Director Sheikh Abdul Rehman bin Mohammad bin Jabor Al...

QIB, Noor Bank, Warba Bank lead arrangers for $155m loan 17 Jul 2014 - 05:51 am

Saeed Alkhayareen, QIB Acting GM of Wholesale Banking, signing the deal documents in the presence of representatives and officials from the client’s side,...

Earnings optimism aids Qatar market 17 Jul 2014 - 05:44 am

DUBAI: Dubai’s bourse continued to lead the region up yesterday, even though builder Arabtec slowed its advance, while Nakilat in Qatar jumped on...

National Bank of Kuwait profit jumps 12.6pc in H1 17 Jul 2014 - 05:44 am

DOHA: National Bank of Kuwait (NBK) reported net profits of $514m (KD144.8m) for the first half of 2014 compared with $456m (KD128.5m) for...