Business

Verizon plans $100bn bid for Vodafone’s wireless stake 26 Apr 2013 - 04:49 am

An employee holds an iPhone for a customer at a Verizon store in Boston, Massachusetts. NEW YORK/LONDON: Verizon Communications Inc has hired advisers...

Woqod announces expansion plans 26 Apr 2013 - 04:34 am

DOHA: Qatar Fuel (Woqod), the downstream joint stock oil storage, distribution and marketing company yesterday announced its expansion plans. The Company is currently...

QE snaps four-week losing streak, index up 2.03 percent this week 26 Apr 2013 - 04:34 am

DOHA: Qatar Exchange (QE) snapped the four-week bear run lifting the index 2.03 percent to close at 8,593.26 points this week. Trading value...

Energy minister honours HSE Excellence Award winners 26 Apr 2013 - 04:32 am

The Minister of Energy and Industry and Chairman & Managing Director of Qatar Petroleum (QP) H E Mohammed bin Saleh Al Sada with...

Ooredoo bags two industry awards 26 Apr 2013 - 04:31 am

An Ooredoo official receiving the awards at the TMT Finance 2013 Middle East and North Africa Awards ceremony at Mina A’Salam Hotel in...

Alshaya to bring over 50 world-class retail brands to Doha Festival City 26 Apr 2013 - 04:30 am

Omar Al Futtaim, Vice Chairman, Al Futtaim, and Mohammed Alshaya, Executive Chairman of Alshaya, during a partnership signing ceremony in Dubai. DOHA: Doha...

Tasweeq turns 5 25 Apr 2013 - 01:35 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada (third left), Tasweeq CEO Saad Al Kuwari (second left),...

Aamal net profit grows by 17pc to QR624.5m in 2012 25 Apr 2013 - 01:33 am

Aamal Company Chairman Sheikh Faisal bin Qassim Al Thani (fourth right), Vice Chairman Sheikh Muhammed bin Faisal Al Thani (fifth right), Sheikh Abdullah...

M&A value in Mena region doubles in Q1 25 Apr 2013 - 01:33 am

DOHA: The total value of disclosed mergers and acquisitions (M&As) in the Middle East and North Africa (Mena) region rose from $7.3bn in...

QP planning to invest abroad 25 Apr 2013 - 01:33 am

DOHA: Qatar Petroleum is planning to invest abroad in Europe, China, the United States and Canada, QNA quoted the company’s Accounting Department Manager...

Syria lets pound float to save foreign reserves 25 Apr 2013 - 01:32 am

AMMAN: Syria’s central bank has largely abandoned efforts to support the value of its currency in order to protect its remaining foreign exchange...

Industries Qatar helps QE make biggest gain since 2011 25 Apr 2013 - 01:32 am

DOHA/DUBAI: Bank and telecommunications stocks lifted markets in the United Arab Emirates to multi-year highs yesterday as first-quarter earnings fuelled optimism over the...

European stocks extend gains 25 Apr 2013 - 01:31 am

LONDON: Europe’s main stock markets extended gains yesterday on growing expectations of an interest rate cut by the ECB following poor German economic...

QR118.6m profit for QNCC in Q1 25 Apr 2013 - 01:31 am

Doha: Qatar National Cement Company disclosed the interim financial statement for the three month period ended March 31, 2013. The statements revealed a...

Ahli United profit jumps after Qatar stake sale 25 Apr 2013 - 01:31 am

KUWAIT: Bahrain’s Ahli United Bank posted a big jump in first-quarter net profit yesterday as its earnings were boosted by a one-time gain...

Kuwait’s Wataniya fails to halt profit slump 25 Apr 2013 - 01:30 am

DUBAI/KUWAIT: Kuwait’s second-biggest telecom company, Wataniya, failed to halt a profit slump in the first quarter as rivals stepped up competition in its...

Volvo eyes 15pc Indian market pie 25 Apr 2013 - 01:30 am

A young girl walks past a car during the inauguration of first Volvo dealer’s showroom near Ahmedabad, Gujarat, yesterday. Volvo Auto is aiming...

Saudi decree may ease $67bn housing logjam 25 Apr 2013 - 01:27 am

DUBAI/RIYADH: A royal decree in Saudi Arabia has shaken up the way in which the government allocates vast tracts of land, removing an...