Business

Ezdan H1 profit up 50pc to QR718.12m 23 Jul 2014 - 02:21 am

One of the Ezdan projects in Qatar. DOHA: Ezdan Holding Group has reported its interim financials for the first half of this year...

Vodafone Qatar’s Q1 revenue up by 27pc 23 Jul 2014 - 02:20 am

DOHA: Vodafone Qatar delivered strong numbers in the first quarter ended June 30, 2014, as its revenue reached QR585m, reflecting a 27 percent...

Ehab Eshehawi is QIIB’s new COO 23 Jul 2014 - 02:19 am

DOHA: International Islamic (QIIB) has announced the appointment of Ehab Eshehawi (pictured) as its Chief Operating Officer (COO). Eshehawi’s appointment is part of...

Saudi to open $530bn bourse to foreigners 23 Jul 2014 - 02:18 am

A broker monitors stock prices on a screen in Riyadh. RIYADH/DUBAI: Saudi Arabia plans to open its stock market, the Arab world’s biggest,...

US-China business talks 23 Jul 2014 - 02:17 am

Chinese Premier Li Keqiang (second right) shows the way for US Chamber of Commerce President Thomas Donohue (second left) and Chairman of the...

World Bank chief in India 23 Jul 2014 - 02:15 am

World Bank President Jim Yong Kim (left) with Indian Finance Minister Arun Jaitley at the Ministry of Finance in New Delhi yesterday.

Credit Suisse posts heavy loss after tax fine 23 Jul 2014 - 02:13 am

CEO Brady Dougan (left) and CFO David Mathers of Credit Suisse at a news conference to present the bank’s half-year results in Zurich...

Xiaomi targets Apple, Samsung 23 Jul 2014 - 02:11 am

Lei Jun, founder and CEO of China’s mobile company Xiaomi, at a launch ceremony of Xiaomi Phone 4, in Beijing, yesterday. Xiaomi unveiled...

Banks, real estate stocks lift QE index 1.29pc 23 Jul 2014 - 02:10 am

DOHA: Qatar Exchange (QE) benchmark index rose 1.29 percent on the support of banks and real estate stocks yesterday. QNB gained 2.18 percent...

Masraf Al Rayan profit up 10.1pc 23 Jul 2014 - 02:09 am

DOHA: Masraf Al Rayan has recorded a net profit of QR904m for the first half of 2014, an increase of 10.1 percent compared...

MSCI could add Saudi Arabia as emerging market next year 23 Jul 2014 - 02:09 am

LONDON: Index compiler MSCI will consult with investors about adding Saudi Arabia to its broader stock indices and could make a decision to...

Bestway buys Co-op’s pharma business 23 Jul 2014 - 02:08 am

Doha: Bestway Group and The Co-operative Group have announced that they have acquired Co-op’s pharmacy business for a purchase price of £620m. The...

Monthly PPI rises marginally by 0.3pc 23 Jul 2014 - 02:08 am

DOHA: The Monthly Producer Price Index (PPI) for May 2014 stood at 170.3 (base 2006=100), showing a marginal increase of 0.3 percent over...

Woqod net profit rises 12.47pc to QR530m for H1 23 Jul 2014 - 02:08 am

DOHA: Woqod yesterday announced that its net profit (excluding minority interest) for the first half of 2014 exceeded QR530m, registering an increase of...

US inflation creeping up, housing sales rise 23 Jul 2014 - 01:41 am

WASHINGTON: US home resales hit an eight month-high in June, suggesting the housing market was gradually regaining momentum and would help the economy...

Barclays, Deutsche Bank under US tax scanner 23 Jul 2014 - 01:40 am

WASHINGTON: Two of Europe’s largest banks, Barclays and Deutsche Bank, have sold complex financial products that allowed hedge funds to avoid US taxes,...

UK govt slipping off fiscal target 23 Jul 2014 - 01:40 am

LONDON: Britain’s public finances showed a bigger than expected deficit in June, continuing a weak start to the tax year and leaving Finance...

Islamic Development Bank places $1bn sukuk 23 Jul 2014 - 01:39 am

Jeddah: Saudi Arabia-based Islamic Development Bank (IDB) issued $1bn in five-year sukuk earlier this month, the largest ever privately-placed transaction from the supranational...