Business / Qatar Business

Masraf Al Rayan shareholders approve Libyan bank buy 26 Feb 2013 - 01:30 am

The extra ordinary general assembly of Masraf Al Rayan approved the acquisition of a strategic share in a commercial bank in Libya through...

Qatar-Turkey trade volume exceeds $1.2bn 26 Feb 2013 - 01:30 am

DOHA: The trade volume between Qatar and Turkey has exceeded $1.2bn mark in 2012. Qatar’s exports to Turkey increased by over 46 percent...

GIS revenue rises to QR2.2bn 26 Feb 2013 - 01:29 am

DOHA: Gulf International Services (GIS), the largest service group in Qatar, with interests in a broad cross-section of industries, ranging from insurance, re-insurance,...

New role for KPMG official 26 Feb 2013 - 01:29 am

DOHA: Global audit, tax and advisory firm, KPMG, has announced the appointment of its Qatar-based partner, Omar Mahmood to head up its financial...

QIB records QR1.24bn profit in 2012 25 Feb 2013 - 01:30 am

Sheikh Jassim bin Hamad bin Jassim bin Jabor Al Thani (centre), Chairman, Qatar Islamic Bank, addressing the general assembly meeting of the shareholders...

Woqod posts QR1.15bn net profit; assets up 25 Feb 2013 - 01:30 am

DOHA: Woqod’s (Qatar Fuel) total assets for 2012 full year reached QR8bn, up by 15.7 percent, compared to the year 2011. The total...

Bahrain to benefit more from causeway 25 Feb 2013 - 01:29 am

DOHA: Bahrain will immensely benefit from the proposed Qatar-Bahrain ‘Causeway’ (‘Friendship Bridge’) as its GDP stood at $22.7bn compared with Qatar’s $173.2bn economy...

UDC approves election of new directors 25 Feb 2013 - 01:29 am

DOHA: United Development Company (UDC), leading Qatari public shareholding company and the master developer of The Pearl-Qatar, yesterday announced that the annual general...

QE launches LP activities to enhance weak stocks 25 Feb 2013 - 01:28 am

DOHA: Qatar Exchange (QE) yesterday announced its decision to launch “Sponsored Action” and the “Liquidity Provider” facilities at the bourse. While the ‘sponsored...

QIC seeks to increase capital 25 Feb 2013 - 01:28 am

DOHA: Qatar Insurance Company( QIC) has sought the approval of the Ministry of Business & Trade to increase its capital after distribution of...

Qatar Shell ties up with QDB to support SMEs 25 Feb 2013 - 01:28 am

Doha: Qatar Shell has partnered with Qatar Development Bank (QDB) to open the doors for local Small to Medium Enterprises (SMEs) to supply...

Qatar Holding to seek credit ratings this year 25 Feb 2013 - 01:21 am

LONDON: Qatar Holding, the investment arm of Qatar’s sovereign wealth fund, is to seek credit ratings this year. The fund, which has stakes...

GCC Regulators’ Summit today 25 Feb 2013 - 01:21 am

Doha: The two-day 7th GCC Regulators’ Summit will begin here today at the St Regis Hotel. The summit will be attended by over...

Weekly Commodity Update: Crude oil corrects and gold meets the death cross 25 Feb 2013 - 01:19 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) The weakness seen during the last month in most agriculture commodities which then carried...

IIF event concludes 24 Feb 2013 - 02:33 am

From left: The Minister of Economy and Finance H E Yousuf Hussein Kamal, National Bank of Kuwait Chief Executive Officer Ibrahim Dabdoub and...

IQ ensures extra 10pc shares 24 Feb 2013 - 02:32 am

DOHA: Industries Qatar (IQ) has confirmed that the QR550m equity restructuring proposed by the Board of Directors will result in the company’s shareholders...

Doha to host 7th GCC Regulators’ Summit on Monday 24 Feb 2013 - 02:31 am

Doha: The Seventh GCC Regulators’ Summit is set to be held in Doha on February 25-26 at the St. Regis Hotel here. The...

Income tax exemption a boost to soon-to-be launched ETF on QE 24 Feb 2013 - 02:24 am

DOHA: The Cabinet decision to approve a draft law that exempting non-Qatari investors from the income tax would be a fillip to the...