Business

UDC profit at QR505.8m 21 Oct 2013 - 08:33 am

DOHA: The United Development Company (UDC) recorded a net profit of QR505.8m for the first nine months of 2013. This is against QR417.4m...

UDC to sign QR854m loan pact with Masraf Al Rayan 21 Oct 2013 - 08:33 am

DOHA: United Development Company (UDC) will sign a loan & facility agreement with Masraf Al Rayan for an amount not exceeding a QR854m,...

Qatar bourse index adds 28.37 points 21 Oct 2013 - 08:32 am

Doha: Qatar Exchange ended in the green yesterday adding 28.37 points or 0.19 percent to 9,751.89 points from the previous closing of 9,723.52....

Qatari banks host reception at IMF, WB meetings 21 Oct 2013 - 08:31 am

Officials posing for a group picture. Doha: A group of Qatari banks hosted a reception at The Four Seasons Hotel in Washington on...

Nestle sales rise 4pc in 9 months 21 Oct 2013 - 08:31 am

GENEVA: Nestle, the world’s biggest food and drink company, posted a 4 percent rise in sales for the first nine months of 2013,...

Inmarsat showcases innovations at InfoComm MEA ’13 21 Oct 2013 - 08:30 am

DUBAI: Inmarsat, the leading provider of global mobile satellite communications services, is showcasing its latest innovations at InfoComm MEA 2013 (C-25 in Zabeel...

Tunisia committed to reform, says premier 21 Oct 2013 - 08:29 am

TUNIS: Political unrest has hurt Tunisia’s growth outlook but it will stay committed to cutting the state budget deficit next year, while relying...

Gulf Bank CEO Accad resigns 21 Oct 2013 - 08:28 am

DUBAI: Michel Accad, the chief executive of Kuwait’s Gulf Bank, has resigned from his post for personal reasons, the lender said in a...

Malabar Gold & Diamonds to open in Singapore 21 Oct 2013 - 08:24 am

Adoor Prakash, the Revenue Minister of the southern Indian state of Kerala, inaugurating the 101st showroom of Malabar Gold & Diamonds at Adoor...

Oil companies step up exploration in Morocco’s waters 21 Oct 2013 - 08:23 am

LONDON: Oil companies are stepping up exploration in Morocco, attracted by its stability relative to other parts of North Africa and encouraged by...

US economy ‘bruised’ by fiscal fight 21 Oct 2013 - 08:23 am

WASHINGTON: The US economy has been hurt by a recent budget standoff in Washington and it is important that the nation does not...

Weekly Commodity Update: US govt back in business; gold back to neutral 21 Oct 2013 - 08:21 am

By Ole Hansen (Head of Commodity Strategy, Saxo Bank) The US avoided being sent over the cliff by a last-minute agreement in Washington...

Weekly Money Market Review with IBQ: US political uncertainties weigh on greenback US dollar 21 Oct 2013 - 08:20 am

Last week, politicians in the US approved a deal to end a 16-day partial government shutdown and avert a default hours before the...

QIB posts QR975.1m profit in 9 months 21 Oct 2013 - 02:40 am

Doha: Qatar Islamic Bank (QIB) disclosed a net profit of QR975.1m for the nine months period ending September 30, 2013 compared to a...

Smash it if you can 20 Oct 2013 - 12:13 am

Visitors are invited to smash windows of a BMW car with bricks as part of a promotional event for a brand of car...

Qatar to lead GCC growth in 2013-14 20 Oct 2013 - 12:12 am

DOHA: With a projected 6.5 percent growth rate, Qatar is expected to lead the GCC in 2013. The country is also expected to...

Offshore fracking more widespread in California 20 Oct 2013 - 12:12 am

LONG BEACH, California: The oil production technique known as fracking is more widespread and frequently used in the offshore platforms and man-made islands...

Daman Islamic’s third quarter profit crosses QR40m 20 Oct 2013 - 12:11 am

DOHA: Daman Islamic Insurance Company’s net profit crossed QR40m for the first nine months of 2013. The figure reflects a 111 percent increase...