Business

Ooredoo demonstrates strong growth in 2012 04 Mar 2013 - 12:37 am

DOHA: Ooredoo, formerly known as Qtel Group, demonstrated a continued financial growth last year. Net profit of Ooredoo shareholders rose to QR2.9bn, a ...

Kahramaa gets QP cheque 04 Mar 2013 - 12:36 am

Abulrahman Abdulla Al Obaidly, Acting Manager for Public Relations and Communications of Qatar Petroleum (QP) hands over a cheque to Abdulla Anbar Al...

QFBA heads meet City of London Mayor 04 Mar 2013 - 12:36 am

DOHA: Senior officials of Qatar Finance and Business Academy (QFBA) held a meeting with the visiting Mayor of the City of London, Alderman...

Lack of facilities prevents Qatari gas from reaching Germany 04 Mar 2013 - 12:36 am

BY MOHAMMAD SHOEB DOHA: Germany is interested to import liquefied natural gas (LNG) from Qatar but due to lack of availability of needful...

New Dubai firm to manage awqaf 04 Mar 2013 - 12:35 am

DUBAI: Dubai will host a new asset management firm specialising in awqaf (Islamic endowments), as the emirate seeks to become a global centre...

Aldar given nod to merge with Sorouh 04 Mar 2013 - 12:35 am

ABU DHABI: Shareholders of Abu Dhabi’s Aldar Properties have approved the developer’s plans to merge with rival Sorouh Real Estate at a meeting...

QCB to issue QR4bn T-Bills tomorrow 04 Mar 2013 - 12:35 am

DOHA: Qatar Central Bank (QCB) will issue three different series of Treasury Bills ranging over three terms for a total amount of QR4bn....

Deutsche Bank wins accolades for Qatar deal 04 Mar 2013 - 12:15 am

Doha: Deutsche Bank yesterday announced that it has won EMEA Finance’s “Deal of the Year” award for arranging Qatar’s $4bn sukuk and “Best...

Swiss back executive pay cuts in referendum 03 Mar 2013 - 10:13 pm

Thomas Minder (right), councillor of State and initiator of the ‘Against rip-off’ initiative, poses with members of the committee during the referendum in...

Gulf Air sacks staff as unions reject revamp 03 Mar 2013 - 10:12 pm

DUBAI: Bahrain’s loss-making flag carrier Gulf Air, struggling against competition from other regional carriers, has embarked on a sweeping restructuring plan that has...

Arabtec eyes growth with capital 03 Mar 2013 - 10:11 pm

DUBAI: Dubai builder Arabtec, which underwent a major management shakeup last week, said it will rely on the reputation of its biggest shareholder...

EU economy commissioner warns over Cyprus euro exit 03 Mar 2013 - 10:11 pm

BERLIN: European Economic Affairs Commissioner Olli Rehn has warned that debt-riven Cyprus could exit the eurozone without a bailout in an interview with...

Zain to offload stake in Iraqi unit through IPO 03 Mar 2013 - 10:10 pm

DUBAI/BAGHDAD: Kuwait telecom operator Zain may be the sole seller in its Iraqi unit’s IPO which could substantially cut its stake while maintaining...

Most regional bourses rise 03 Mar 2013 - 10:10 pm

A dealer gestures towards price movements on an electronic board at the Amman Stock Exchange, yesterday. DUBAI: Dubai bluechips rose yesterday, although the...

Saudi central bank chief allays fears of inflation 03 Mar 2013 - 10:08 pm

Saudi Central Bank Governor Fahad Al Mubarak addresses the news conference in Riyadh, yesterday. RIYADH: Inflation in Saudi Arabia is running at acceptable...

Qatar Exchange headquarters shifts to Al Dana Tower 03 Mar 2013 - 10:08 pm

Doha: Qatar Exchange (QE) will shift its headquarters to Al Dana Tower, opposite City Center Shopping Mall in West Bay from its current...

Oman aims to hike oil output this year 03 Mar 2013 - 10:08 pm

MUSCAT: A top Omani oil official yesterday said the sultanate aims to increase oil production to 939,500 barrels per day (bpd) this year...

Weekly Commodity Update: Brutal February hurts commodities; dollar returns to form 03 Mar 2013 - 09:47 pm

By Ole Hansen (Senior Commodity Strategist, Saxo Bank) After a solid January, most of the major commodities went into reverse during February, triggered...