Business

Ezdan Holding Group’s net profit rises to QR408.7m 07 Feb 2013 - 06:22 am

Doha: Ezdan Holding Group’s audited net profit of QR408.7m for the financial year ended December 31, 2012, is an increase by 18.32 percent...

Most European stock markets slump 07 Feb 2013 - 06:21 am

A woman walks in front of a share price board in Tokyo, yesterday. Tokyo’s benchmark Nikkei 225 index soared more than 3 percent...

Euro not currently overvalued, says Germany 07 Feb 2013 - 06:20 am

BERLIN: The euro is not currently overvalued and exchange rates should not be used to try and boost competitiveness, the German government said...

UDC nets QR850m profit for 2012 07 Feb 2013 - 06:19 am

Hussein Al Fardan & Ebrahim Al Sulaiti DOHA: United Development Company (UDC) has recorded another strong performance with reported revenue of QR2.73bn for...

Qatari bourse index rises by 0.25 percent 07 Feb 2013 - 06:18 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 21.69 points (or 0.25 percent) to advance to 8,769.20 points from 8,747.51 on Tuesday....

QIMC assets increase by QR1.53bn 07 Feb 2013 - 06:18 am

DOHA: The Qatar Industrial Manufacturing Company (QIMC) has recorded a net profit of QR208.2m in 2012, compared to QR206.2m in 2011.The 2012 full...

Sultan Qaboos takes economic policy to people 07 Feb 2013 - 06:17 am

MUSCAT: On a cold, hazy morning in the desert outside the northern town of Bahla last week, Oman’s ruler told a group of...

Egypt sells fewer dollars at auction, pound inches up 07 Feb 2013 - 06:17 am

CAIRO: Egypt’s central bank sold fewer dollars to banks yesterday than in a previous auction and the pound gained for the second time...

ASDA’A Burson-Marsteller to spearhead Beiersdorf’s PR 07 Feb 2013 - 06:16 am

Doha: Beiersdorf, best known as the company behind the world’s No. 1 skincare brand Nivea, has announced the appointment of ASDA’A Burson-Marsteller to...

North Gate project wins International Property Award 07 Feb 2013 - 06:16 am

DOHA: The North Gate project, currently under construction and represented by local Qatari company “Equinox SPC”, has won the “Best Retail Architecture 2012...

Qtel’s Asiacell IPO fully subscribed 07 Feb 2013 - 06:11 am

DOHA: Qtel’s subsidiary Asiacell has announced the successful completion of its share offer. The offering raised $ 1.27bn, representing 25 percent of its...

Qatalum inks supply deals with ALUNOOR, Qatar Aluminium 06 Feb 2013 - 07:20 am

Officials from Qatalum, Qatar Aluminium Extrusion and ALUNOOR during the signing ceremony. Doha: Qatalum, the Qatari aluminium smelter, has announced the signing of...

US govt slaps S&P with $5bn fraud lawsuit 06 Feb 2013 - 07:20 am

WASHINGTON: The US government is seeking $5bn in its civil lawsuit against Standard & Poor’s, accusing the ratings service of defrauding investors, in...

Wholesale, retail contribution to GDP grows by 5.1pc 06 Feb 2013 - 07:19 am

DOHA: The share of wholesale and retail trade sector in Qatari GDP has grown by 5.1 percent, according to Qatar Statistics Authority’s (QSA)...

UAE banks to repay crisis capital 06 Feb 2013 - 07:19 am

DUBAI: Banks in the United Arab Emirates will this year aim to repay capital placed with them at the height of the global...

Siemens and Qatar Steel sign deal for substation 06 Feb 2013 - 07:18 am

DOHA: Siemens has signed a complete turnkey solution contract with Qatar Steel Company (QSC) to build a high-voltage substation. The 220/66/33-kilovolt (kV) substation...

QP, JCCP hold environment symposium 06 Feb 2013 - 07:17 am

Japanese Ambassador Kenjiro Monji, Corporate Environment and Sustainable Developmet Manager at Qatar Petroleum Dr Ali Hamed Abdullah Al Mulla, Japan Cooperation Centre, Petroleum...

Nine-month net profit of Toyota quadruples 06 Feb 2013 - 07:17 am

TOKYO: Toyota said yesterday net profit in the nine months to December quadrupled while it also lifted its full year earnings outlook, reflecting...