Business

Banking sector pushes Qatar index down 24 Oct 2013 - 03:46 am

Doha: Qatar Exchange index lost 29.71 points, or 0.31 percent to hit 9,693.93 points yesterday from the previous closing of 9,723.64 points. The...

National Bank of Kuwait posts $702m net profit 24 Oct 2013 - 03:46 am

Doha: National Bank of Kuwait (NBK), the largest Kuwaiti bank, reported net profits of $702m (KD198.6m) for the first nine-month of 2013 compared...

ASOS spends on IT and logistics 24 Oct 2013 - 03:45 am

LONDON: The British-based online fashion retailer ASOS is stepping up investment in high-tech warehouses to speed deliveries and cut costs as e-commerce expands...

Doha Insurance plans to launch rights issue 24 Oct 2013 - 01:32 am

DOHA: Doha Insurance is planning to launch a rights issue to be priced at QR18 per share, QR10 being the face value and...

International Islamic’s assets grow by 34.8pc 23 Oct 2013 - 12:53 am

Dr Sheikh Khaled bin Thani Al Thani & Abdulbasit A Al Shaibei DOHA: International Islamic recorded a net profit of QR568.4m at the...

Minister meets US energy official 23 Oct 2013 - 12:52 am

The Minister of Energy and Industry, H E Dr Mohammed bin Saleh Al Sada, with US Deputy Secretary of Energy Daniel Poneman. Doha:...

Birzeit Consulting ties up with AACI 23 Oct 2013 - 12:49 am

The Managing Partner of Birzeit Consulting, Khalid bin Arhama Al Kuwari addressing the workshop in Doha yesterday.(Salim Matramkot) DOHA: Birzeit Consulting Qatar, a...

GIS records QR1.7bn revenue 23 Oct 2013 - 12:48 am

DOHA: Gulf International Services (GIS), the largest service group in Qatar with interests in a broad cross-section of industries, recorded revenue of QR1.7bn...

Doha Bank issues clarification on Tier 1 Capital Notes 23 Oct 2013 - 12:48 am

DOHA: With reference to reports carried by local newspapers on October 7, 2013 regarding the Issuance of Tier 1 Capital Notes by Doha...

Kia All New Soul preview 23 Oct 2013 - 12:46 am

Models pose close to a new ‘All New Soul’ box car by South Korean car maker Kia Motors Corp during a presentation on...

Russia grabs China oil and gas deals 23 Oct 2013 - 12:46 am

BEIJING: Russian energy companies signed a slew of deals with China yesterday, seeking to lock in sales to fund costly production and pipeline...

Dana Gas sues Kurdish govt 23 Oct 2013 - 12:45 am

DUBAI: The largest oil and gas investor in Iraqi Kurdistan has initiated the first major legal case against the regional government over payments...

Apicorp to acquire 10pc more stake in EMethanex 23 Oct 2013 - 12:45 am

Doha: Arab Petroleum Investments Corporation (Apicorp) announced yesterday that it is set to increase its equity share in Egyptian Methanex Methanol Company (EMethanex)...

Chinese, European firms win Brazil oil auction 23 Oct 2013 - 12:45 am

RIO DE JANEIRO: China’s CNOOC and CNPC, Anglo-Dutch giant Royal Dutch Shell and France’s Total joined Brazilian state operator Petrobras yesterday in winning...

Cuba to drop dual currency system 23 Oct 2013 - 12:44 am

HAVANA: Cuba has approved a plan to gradually eliminate its dual monetary system as part of reforms aimed at improving the country’s economic...

Qatari bourse index slips by 7.92 points 23 Oct 2013 - 12:41 am

Doha: Qatar Exchange index slipped 7.92 points, or 0.08 percent, yesterday to 9,723.64 points from the previous closing of 9,731.56 points. The volume...

Libya oil output still at 600,000bpd 23 Oct 2013 - 12:41 am

TUNIS: Libya’s oil production is stable at around 600,000 barrels per day (bpd), where it has been for about a month, as the...

Tinkoff prices London IPO at top of range 23 Oct 2013 - 12:39 am

MOSCOW: Russian entrepreneur Oleg Tinkov’s consumer credit firm TCS priced its London IPO at the top of a target range and its shares...