Business

QFC introduces new regulations 23 Oct 2012 - 04:35 am

DOHA: The Qatar Financial Centre Authority (QFC Authority) yesterday announced it has issued important new regulations governing special purpose companies, holding companies and...

Al Wa’ab City re-launches construction of key projects 23 Oct 2012 - 04:35 am

DOHA: Al Wa’ab City, one of the largest privately owned real estate developments in Qatar, has officially announced the re-launch of construction works...

24 companies to showcase Qatar’s export potential at Dubai Big 5 23 Oct 2012 - 04:34 am

DOHA: Qatar Development Bank’s (QDB) export development agency, Tasdeer, is gearing up for showcasing Qatar’s exporting potentials at the upcoming international building and...

Kurdistan defies Baghdad; begins oil export 23 Oct 2012 - 04:34 am

LONDON: Kurdistan has begun selling its oil into international markets in independent export deals that further challenge Baghdad’s claim to full control over...

Rosneft, BP strike $61bn oil alliance 23 Oct 2012 - 04:31 am

Russian President Vladimir Putin (left) speaks with Rosneft CEO Igor Sechin at his residence outside Moscow, yesterday. MOSCOW: Rosneft yesterday ceded a fifth...

Savola seeks shareholder approval for sukuk plan 23 Oct 2012 - 04:30 am

DUBAI: Saudi-based Savola Group will seek shareholder approval for plans to issue Islamic bonds, or sukuk, the company said in a statement to...

FAL files $750m claim against Sharjah Electricity & Water 23 Oct 2012 - 04:30 am

DUBAI: A state-owned utility in the United Arab Emirates owes troubled FAL Oil about Dh2.3m ($631m) for the fuel it bought from the...

UAE’s Du looks to mobile data to drive profit growth 23 Oct 2012 - 04:30 am

DUBAI: Du, the United Arab Emirates’ No.2 telecom operator, aims to capitalise on wealthy customers’ appetite for data via smartphones to offset margin...

Taqa-led group submits lowest price for Saudi power station 23 Oct 2012 - 04:29 am

ABU DHABI/KHOBAR: An Abu Dhabi-led group submitted the lowest price to build a power station in Saudi Arabia, a Saudi statement said, and...

Nissan recalls new Altima in US 23 Oct 2012 - 04:28 am

New York: Nissan Motor Co is recalling 13,919 of its top-selling Altima sedans in the United States because bolts that may not have...

Weekly Money Market Review with IBQ: European Union summit disappoints the market 23 Oct 2012 - 04:27 am

The US Dollar lost its footing against most of its counterparts as risk appetite staged a return at the beginning of the week,...

Qtel Group revenues soar to QR25bn 22 Oct 2012 - 04:43 am

Sheikh Abdullah bin Mohammed bin Saud Al Thani (left) and Dr Nasser Marafih DOHA: Driven by its solid performances in Qatar, Iraq, Algeria,...

Job fair 22 Oct 2012 - 04:42 am

Women wait in line during the job fair for China Eastern Airlines flight attendants in Shanghai. Some 2,000 people signed up for interviews...

Ahli Bank nets QR367m profit till September 22 Oct 2012 - 04:41 am

DOHA: Ahli Bank QSC (ABQ) has reported a net profit of QR367m for the nine months ending September 30, 2012, recording a growth...

UDC net profit surges 14pc 22 Oct 2012 - 04:40 am

DOHA: United Development Company (UDC) has announced strong performance with its revenue recording QR2.076bn for the first nine months of 2012 compared with...

Woqod assets rise 19pc to reach QR8.3bn 22 Oct 2012 - 04:40 am

DOHA: Woqod’s net profit, after excluding minority interest, declined one percent for the first nine months of 2012, compared with the same period...

Legal challenges test foreign investors in Egypt 22 Oct 2012 - 04:37 am

CAIRO: Vishnu Swaroop Baldwa is one investor who won’t be returning to Egypt any time soon. “We see better opportunities elsewhere,” said the...

Qatari bourse index down a tad 22 Oct 2012 - 04:36 am

Doha: Qatar Exchange ended slightly down by 3.93 points or 0.05 percent to 8,538.21 points yesterday from the previous closing of 8,542.14. Among...