Business / Qatar Business

AM Best upgrades QGIRC’s credit rating and financial strength 23 Jan 2014 - 08:30 am

DOHA: A M Best Europe has upgraded the financial strength and the issuer credit rating of Qatar General Insurance and Reinsurance Company (QGIRC)...

Qatar to lead GCC full-year earnings 23 Jan 2014 - 08:04 am

DOHA: Supported strongly by Qatar, the full-year earnings of GCC is estimated at 12 percent in 2014. The real estate sector, underpinned by...

Banking shares push QE index up 0.29pc 23 Jan 2014 - 12:15 am

Doha: Qatar Exchange pursued its upswing trend yesterday adding 32.22 points, or 0.29 percent, to advance to 11,179.61 points from 11,147.39 on Tuesday....

Gulf Helicopters to buy 15 AW189s from Italian firm 22 Jan 2014 - 12:06 am

H E Dr Mohamed bin Saleh Al Sada and Daniele Romiti exchanging documents during the signing ceremony yesterday. DOHA: Gulf Helicopters, a company...

Doha Bank expects 15-20 percent growth 22 Jan 2014 - 12:05 am

The CEO of Doha Bank R Seetharaman announcing the bank’s annual results with other officials yesterday. (Abdul Basit) Doha: Doha Bank, Qatar’s fifth-largest...

Experts at IPTC tackle complex energy issues 22 Jan 2014 - 12:04 am

The Minister of Energy and Industry, H E Dr Mohamed bin Saleh Al Sada, and Andrew Swiger, Senior Vice-President of Exxon Mobil Corporation...

Fitch affirms Dolphin Energy’s bonds A+ rating 21 Jan 2014 - 11:55 pm

DOHA: Fitch Ratings has affirmed Dolphin Energy Limited’s (DEL) $1,250m 5.888 percent bonds at ‘A+’; Outlook Stable. The Ratings Agency has also affirmed...

Qatari bourse index adds 75.26 points 21 Jan 2014 - 11:37 pm

Doha: Qatar Exchange index added 75.26 points, or 0.68 percent, to advance to 11,147.39 points from 11,072.13 on Monday. The volume of the...

LNG will continue to replace coal and oil: GECF official 21 Jan 2014 - 10:36 am

BY MOHAMMAD SHOEB DOHA: As a result of growing environmental concerns, the share of liquefied natural gas (LNG) in the global energy mix...

Doha Bank nets QR1.31bn profit 21 Jan 2014 - 10:35 am

DOHA: Doha Bank’s net profit for the full year 2013 reached QR1.31bn, up 0.6 percent, compared to QR1.30bn recorded a year ago. Announcing ...

Future lies in technology, say energy industry captains 21 Jan 2014 - 10:34 am

Bo Qiliang (left), Vice-President, PetroChina, and Amin H Nasser, Senior Vice-President, Upstream, Saudi Aramco. By Satish Kanady DOHA: The future of energy industry...

Growth in loans and deposits improved in December: QNB 21 Jan 2014 - 10:27 am

DOHA: Growth in loans and deposits improved in Qatar-based banks in December 2013. Loans climbed by 1.3 percent month-over-month (MoM) and finished up...

IILM issues $860m sukuk 21 Jan 2014 - 10:26 am

DOHA/KUALA LUMPUR: The Malaysia-based International Islamic Liquidity Management Corporation (IILM) has successfully conducted its sukuk issuance programme by auctioning $860m of three-month Islamic...

GDI takes possession of eighth jack-up drilling rig 21 Jan 2014 - 10:25 am

Doha: Gulf International Services, the largest service group in Qatar, completed the acquisition of its eighth jack-up drilling rig by its drilling joint...

Barwa Real Estate to sell 37.34pc stake in Barwa Bank for QR2.39bn 21 Jan 2014 - 10:22 am

DUBAI: Barwa Real Estate (BRE) said yesterday it had agreed to sell its 37.34 percent stake in unlisted Barwa Bank for QR2.39bn ($656m)...

Qatar bourse index down by 0.19 percent 21 Jan 2014 - 10:22 am

Doha: Qatar Exchange ended in the red when trading closed yesterday at 11,072.13 points, down 20.88 points or 0.19 percent from the previous...

Energy industry faces huge challenges: PM 21 Jan 2014 - 04:59 am

The Prime Minister and Interior Minister H E Sheikh Abdulla bin Nasser bin Khalifa Al Thani (centre) with Minister of Energy and Industry...

Qatar Islamic Bank records QR1.34bn profit 20 Jan 2014 - 12:20 am

DOHA: Qatar Islamic Bank (QIB) recorded a net profit of QR1.34bn for the year 2013, up 7.6 percent compared to QR1.24bn posted a...