Business

Fitch affirms Qatar Real Estate Investment Company’s ratings 25 Jul 2013 - 01:35 am

DOHA: Fitch Ratings has affirmed Qatar Real Estate Investment Company’s (Alaqaria) Long-term Issuer Default Rating (IDR) and senior unsecured rating at ‘BBB+’, and...

Sudan currency falls to record low 25 Jul 2013 - 01:34 am

KHARTOUM: Sudan’s currency has fallen to a record low against the dollar on the black market since South Sudan started reducing cross-border oil...

Facebook revenue rises 25 Jul 2013 - 01:34 am

SAN FRANCISCO: Facebook surprised Wall Street with stronger-than-expected earnings for the second quarter yesterday on a sharp rise in revenues, sparking a 16...

UK police probe Shell, ENI in Nigerian oil block deal 25 Jul 2013 - 01:33 am

LAGOS: British police are investigating a money-laundering allegation related to a big oil field bought by Shell and ENI from Nigeria for $1.3bn,...

Biden urges India to open up to US firms 25 Jul 2013 - 01:32 am

US Vice President Joe Biden (second right) talks while Chairman of Indian Software firm Wipro, Azim Premji (left), Boeing India President Pratyush Kumar...

Lower profit 25 Jul 2013 - 01:31 am

The CAT logo on back of a Caterpillar excavator machine at a work site in Detroit, Michigan, yesterday. Caterpillar Inc reported a lower...

Real estate sector transactions up 81pc 25 Jul 2013 - 01:31 am

DOHA: The real estate sector witnessed a standard growth of 81 percent taking the combined value of transactions, during the second week of...

US stocks mostly lower 25 Jul 2013 - 01:30 am

NEW YORK CITY: US stocks Wednesday closed mostly lower, with weak earnings and a gloomy outlook from Caterpillar weighing down the Dow. The...

Saudi firm Almarai eyes hybrid sukuk 25 Jul 2013 - 01:30 am

DUBAI: Saudi Arabian dairy producer Almarai Co has chosen four banks to arrange the sale of a hybrid Islamic bond, or sukuk, banking...

Iberdrola warns of $225m hit from energy reforms 25 Jul 2013 - 01:30 am

MADRID: Spanish utility Iberdrola said fresh energy reforms would wipe at least ¤170m ($225m) from pre-tax earnings this year, and potentially ¤260m annually...

New Japan venture possible: Air Asia chief 25 Jul 2013 - 01:29 am

SINGAPORE: Malaysia-based budget carrier AirAsia could enter into a new venture in Japan, its chief executive Tony Fernandes said yesterday. His comments came...

Rupee gains against dollar after new measures 25 Jul 2013 - 01:29 am

MUMBAI: India’s rupee strengthened against the dollar yesterday — posting its biggest single-day gain in a month — after the central bank took...

Boeing posts strong profits, raises outlook 25 Jul 2013 - 01:28 am

NEW YORK CITY: US aerospace giant Boeing reported yesterday second-quarter profit topping expectations and raised its performance outlook for the full year. Net...

Qatar bourse rises to 52-week high 24 Jul 2013 - 05:19 am

DOHA: Qatar bourse rose near to a new 52-week high on the back of strong gains by telecoms and banking & financial services...

Barwa Bank H1 profit up 85pc 24 Jul 2013 - 05:13 am

Sheikh Mohamad bin Hamad bin Jassim Al Thani & Steve Troop, CEO, Barwa Bank Group DOHA: Barwa Bank recorded a net profit of...

Commercial Bank posts QR1.02bn profit 24 Jul 2013 - 05:13 am

DOHA: Commercial Bank of Qatar (Commercial Bank) yesterday announced its financial results and reported a net profit of about QR1.02bn for the half-year...

Masraf Al Rayan’s H1 profit soars to QR821m 24 Jul 2013 - 05:12 am

DOHA: Masraf Al Rayan posted a net profit of QR821m in the first half of 2013 (2013 H1), an increase of 13.2 percent...

IBQ launches loyalty programme 24 Jul 2013 - 04:49 am

Andrew Ball, Head of Retail Banking & Jabra Ghandour, Managing Director Doha: International Bank of Qatar (ibq) yesterday launched the country’s most comprehensive...