Business / Qatar Business

QInvest posts 40pc revenue increase 26 Feb 2014 - 12:30 am

From left: Bassel Jamal, Tamim Hamad Al Kawari, Jassim bin Hamad Al Thani, Mohamed Al Manaa and Khamis Mubarak Al Kuwari at a...

MasterCard plans big role in Qatar, to bring in digital wallet 26 Feb 2014 - 12:30 am

BY MOHAMMAD SHOEB DOHA: With the recent acquisition of C-SAM Inc, a leading provider of mobile wallet and on-device software and services, MasterCard...

UDC revenue reaches QR2.08bn 26 Feb 2014 - 12:22 am

DOHA: United Development Company (UDC) recorded revenue of QR 2.08bn for the year 2013. The company’s net profit for the full reached to...

Ooredoo for $1bn refinancing loan 26 Feb 2014 - 12:21 am

LONDON: Qatar’s telecommunications firm Ooredoo has approached banks for a syndicated loan of up to $1bn that will refinance existing debt, banking sources...

Lexus posts 19pc sales growth in Middle East 25 Feb 2014 - 11:57 pm

Doha: Lexus yesterday announced a steady increase in Middle East sales in 2013 with a more than 19 percent rise by selling 37,284...

QIB gets new board, Sheikh Jassim is chairman 25 Feb 2014 - 01:06 am

Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani flanked by Abdullatif bin Abdulla Al Mahmmoud (left) and Mohammad bin Abdullatif Al...

‘Qatar needs to deepen debt market’ 25 Feb 2014 - 01:00 am

Marios Maratheftis (left) and Charles Carlson. Kammutty VP By Satish Kanady DOHA: Qatar needs to deepen its domestic debt market as issuing government...

Loan-to-deposit ratio surges to 107pc 25 Feb 2014 - 12:56 am

DOHA: Qatari banking sector’s loan-to-deposit ratio (LDR) increased to 107 percent at the end of January 2014 against 105 percent in December 2013. ...

QIC’s Antares buyout is credit positive: Moody’s 25 Feb 2014 - 12:56 am

DOHA: The acquisition of Antares Holdings Limited by Qatar Insurance Company (at regulatory approval stage) is “credit positive” for both QIC and Lloyd’s...

Nakilat posts QR756m 2013 operating profit 25 Feb 2014 - 12:55 am

DOHA: Qatar Gas Transport Company (Nakilat) yesterday reported an operating profit of QR756m ($207.60) for the year ended December 31, 2013. The board...

Commercial Bank completes $1bn term loan facility 25 Feb 2014 - 12:55 am

DOHA: Commercial Bank announced the successful completion of a $1bn senior unsecured term loan facility. The lender group consists of 21 major banks...

Upward trend continues at Qatar bourse 25 Feb 2014 - 12:52 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 14.60 points, 0.12 percent, to advance to 11,900.38 points from Sunday’s close of 11,885.78...

Infra projects fuel credit growth 24 Feb 2014 - 01:02 am

BY SACHIN KUMAR Doha: Banks in Qatar registered a 12 percent growth in domestic loans in 2013 with domestic credit growing to QR533bn...

OECD’s new global standard to hit tax cheats 24 Feb 2014 - 12:56 am

Angel Gurria (right) with Australia Treasurer Joe Hockey at the G20 meeting in Sydney. SYDNEY: The OECD yesterday delivered a new global standard...

Al Khaliji gets shareholders’ nod to hike foreign ownership limit 24 Feb 2014 - 12:55 am

Hamad bin Faisal bin Thani Al Thani (right), Chairman and Managing Director, and Abdullah Nasser Al Misnad, Vice Chairman, Al Khaliji, yesterday. Abdul...

3M Car Care to showcase latest solutions 24 Feb 2014 - 12:55 am

Doha: With an objective to showcase its latest and innovative automotive solutions, 3M Car Care yesterday announced its debut participation at the 4th...

Eyes on MPHC as QE index heads to historic high 24 Feb 2014 - 12:49 am

DOHA: Qatar’s benchmark index is heading to a record high level, as the bourse is set to list Mesaieed Petrochemical Holding Company (MPHC)...

GIS net profit in 2013 up 45.8pc to QR0.7bn 24 Feb 2014 - 12:49 am

DOHA: Gulf International Services (GIS), the largest services group in Qatar with interests in a broad cross-section of industries, recorded a net profit...