Business

Ahli Bank nets record QR135m profit in Q1 15 Apr 2013 - 01:01 am

Sheikh Faisal bin Abdul Aziz bin Jassem Al Thani (top) and Salah Murad DOHA: Ahli Bank QSC (ABQ) has posted a record profit...

DVP scheme a success: QE 15 Apr 2013 - 01:00 am

DOHA: Qatar Exchange (QE) has announced that its DVP (delivery versus payment) mechanisms, launched in April 2011, have been performing successfully and that...

DSI Qatar bags QR180m contract 15 Apr 2013 - 12:59 am

DOHA: Drake & Scull Qatar (DSI Qatar) has been awarded a QR180m contract to execute Mechanical, Electrical and Plumbing (MEP) works for a...

Dubai Islamic Bank profit jumps 17pc 15 Apr 2013 - 12:58 am

DUBAI: Dubai Islamic Bank (DIB), the largest Shariah-compliant lender in the emirate, said yesterday that its first-quarter net profit climbed 17 percent, after...

Dubai housing stock to bounce back 15 Apr 2013 - 12:58 am

DUBAI: Another 40,000 new homes will enter Dubai’s property market over the next two years as developers revive projects stalled after the collapse...

Baby formula in demand 15 Apr 2013 - 12:51 am

Aptamil baby formula products are on sale in a Berlin drug store. Because of a strong demand the store has restricted the sale...

Gulf oil producers see no need to trim output 15 Apr 2013 - 12:50 am

DUBAI/DOHA: Gulf Arab Opec oil producers do not see the need to change production levels to support crude prices, Opec delegates said after...

First oil from Juba reaches Khartoum 15 Apr 2013 - 12:50 am

KHARTOUM: Sudan’s oil ministry said yesterday that the first crude from South Sudan reached its territory, bringing both impoverished nations closer to billions...

20m jobless in Arab states 15 Apr 2013 - 12:49 am

ALGIERS: Unemployment in Arab countries rose to 16 percent in 2012 following the revolts which erupted the previous year, Arab Labour Organisation chief...

Egypt sells $600m in special auction to import basic goods 15 Apr 2013 - 12:48 am

CAIRO: Egypt’s central bank sold $600m to banks in a special auction of foreign exchange yesterday to pay for wheat, meat, cooking oil...

Commodities: Brent oil at new low; gold dives 15 Apr 2013 - 12:47 am

LONDON: Brent crude oil sank this week to an eight-month low, hit by the poor outlook after a raft of demand forecast downgrades...

Three economic zones coming up 14 Apr 2013 - 01:28 am

DOHA: Supported by the government, the Economic Zones Company (EZC) Qatar has embarked on the development of three economic zones in and around...

Protests in Greece against Canadian gold mine project 14 Apr 2013 - 01:23 am

Protesters gather in front of the Greek parliament yesterday during a demonstration against a Canadian gold mining investment in the northeastern region of...

Next Greek aid tranche soon 14 Apr 2013 - 01:22 am

DUBLIN: An inspection team of international lenders has finished its review of Greece’s reform progress, paving the way for another ¤10bn aid payment,...

US puts Japan on notice in currency report 14 Apr 2013 - 01:22 am

WASHINGTON: The Obama administration yesterday put Japan on notice that it was watching its economic policies to ensure they were not aimed at...

Premier to open Qatar business forum in Berlin 14 Apr 2013 - 01:21 am

Doha: The Prime Minister and Foreign Minister H E Sheikh Hamad bin Jassem bin Jabor Al Thani will inaugurate the two-day ‘Business and...

12 firms to join Tasdeer at Plast Expo in Morocco 14 Apr 2013 - 01:19 am

Tasdeer officials during a meeting with plastic industry representatives. DOHA: Qatar Development Bank’s (QDB) export development agency, Tasdeer, yesterday announced to have laid...

Govt spending to be higher than budgeted 14 Apr 2013 - 01:18 am

DOHA: With oil prices expecting to go up against the original assumption of Qatari budget for the current fiscal, the QNB Group estimates...