Business / Qatar Business

QFCRA bars former staff of a global bank from taking up jobs 22 Jul 2014 - 08:07 am

DOHA: The Qatar Financial Centre Regulatory Authority (QFCRA) has barred a former employee of QFC-registered international bank from taking up jobs in any...

Loan growth outpaces deposit growth in June: QNBFS 22 Jul 2014 - 08:05 am

DOHA: Loan growth has outpaced deposit growth in Qatar during the month of June 2014. After posting a growth of 0.4 percent month-on-month...

QIIB net profit grows by 10pc in H1 22 Jul 2014 - 07:03 am

Sheikh Dr Khalid bin Thani Al Thani (left) and Abdul Basit A Al Shaibei. DOHA: International Islamic’s (QIIB) financial portfolio grew by 25.7...

Muntajat signs 2-year deal with Milaha 21 Jul 2014 - 03:35 am

Sheikh Ali bin Jassim Al Thani (left), Chairman and Managing Director of Milaha and Abdulrahman Ali Al Abdulla, CEO of Muntajat at the...

QIB makes global spending on cards secure 21 Jul 2014 - 03:34 am

D Anand, General Manager of QIB’s Personal Banking Group DOHA: Qatar Islamic Bank (QIB), Qatar’s leading and safest Islamic Bank, has brought in...

Hyundai’s Ramadan campaign a big hit 21 Jul 2014 - 03:31 am

Doha: Hyundai Ramadan campaign this year has really caught the imagination of car buyers in Qatar which is quite evident from the overwhelming...

QE index closes 129.07 points lower 21 Jul 2014 - 03:26 am

Doha: Qatar Exchange index closed lower yesterday, down by 129.07 points, or 0.97 percent, to 13,155.58 points. The trading value at close was...

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...