Business

QIB named ‘Best Islamic Retail Bank’ in the world 18 Oct 2016 - 11:54 am

DOHA: Qatar Islamic Bank (QIB) was recently recognised by Global Finance as the ‘Best Islamic Retail Bank’ in the world for the first...

Vodafone sees strong growth for its smartphones 18 Oct 2016 - 11:49 am

DOHA: Vodafone Qatar has seen a strong growth for its smartphones. Encouraged with the positive response, the company is planning to launch a...

GCC sovereigns’ funding needs estimated at $560bn 18 Oct 2016 - 11:04 am

DOHA: GCC sovereigns’ four-year funding needs, ending the year 2019, has been estimated at $560bn. In nominal terms, GCC countries’ combined fiscal deficit...

Samsung to compensate suppliers hit by Note 7 crisis 18 Oct 2016 - 10:46 am

Seoul: Samsung Electronics said Tuesday it would compensate suppliers hit by the decision to scrap its Galaxy Note 7 smartphones because of safety...

Saudi's Al Rajhi Bank Q3 net profit up 16.7 pct, meets estimates 17 Oct 2016 - 04:09 pm

DUBAI: Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported a 16.7 percent rise in its third-quarter net profit on Monday, meeting ...

Doha to Host 5th Edition of Euromoney Conference in December 17 Oct 2016 - 03:23 pm

Doha: The Euromoney Qatar Conference will return to Doha this December, bringing together some of the world's banking leaders and senior figures from...

Jordan issues local currency sukuk in boon for banks 17 Oct 2016 - 02:34 pm

DUBAI: Jordan's government has raised 34 million dinars ($47.9 million) in its first issue of a local currency sukuk for its own funding...

Qatar central bank offers 3 bln riyals bonds in third riyal sale of 2016 17 Oct 2016 - 12:23 pm

DUBAI/DOHA: Qatar's central bank is offering 3 billion riyals ($825 million) of government bonds in its third domestic bond sale this year, according...

Oil Prices Slip on Rise in US Drilling 17 Oct 2016 - 11:40 am

Singapore: Oil prices fell on Monday, pulled down by a rising rig count in the United States, a strong dollar and record OPEC-output...

Mena has to reinvent their strategies to survive digital economy 17 Oct 2016 - 11:26 am

DOHA: The digital economy is changing the nature of business world-wide and in particular in the MENA region, which is taking a ‘digital–first’...

Govt behemoths can weather oil price storm 17 Oct 2016 - 11:16 am

DOHA: Citing the stable credit ratings of Qatar Petroleum (QP) and Industries Qatar (IQ) S&P Global Ratings noted yesterday that the larger Government-Related...

Iran oil minister: hopes soon to reach Qatar's gas production 17 Oct 2016 - 10:39 am

TEHRAN: Iran hopes by early next year to boost its natural gas production to Qatar's level, Iranian oil minister Bijan Zanganeh told an...

Insight: Oil majors experiment with technology to weather crisis 17 Oct 2016 - 09:11 am

LONDON/OSLO: Oil majors including Statoil, Shell and Chevron are experimenting with various technologies, from drones and drill design to data management, to drive...

Ooredoo Maldives plans equity sale via IPO 17 Oct 2016 - 12:22 am

DOHA: Ooredoo Maldives plans to offer a portion of its equity for sale to local and international investors, following its initial listing on...

Commercial Bank joins global banks 17 Oct 2016 - 12:21 am

Doha: Commercial Bank joined global banks at the 2016 Annual Meetings of the International Monetary Fund (IMF), and the Institute of International Finance...

Nakilat announces QR749m net profit 17 Oct 2016 - 12:20 am

DOHA: Nakilat said yesterday its net profit for the quarter ended September 30, 2016 reached QR749m compared to QR757 in the corresponding quarter...

Qatar’s SME investment at $852.3m 17 Oct 2016 - 12:19 am

DOHA: Total investment in Qatar’s Small and Medium Enterprise (SME) sector stood about $852.3m in 2015. The country’s SME sector employs over 35,000...