Business

Qatar hires UBS to invest $3bn in VTB 27 Feb 2013 - 06:26 am

DUBAI/LONDON: Qatar’s sovereign wealth fund has hired UBS to advise on a possible $3 bn investment in Russian state-controlled bank VTB, a source...

Commercialbank records QR2.01bn net profit 27 Feb 2013 - 06:22 am

FROM LEFT: Abdulla Mohamed Ibrahim Al Mannai, Director, Jassim Al Mosallam, Director, H E Abdullah bin Khalifa Al Attiyah, Chairman, Hussain Ebrahim Alfardan,...

Al Meera Holding acquires assets in Oman 27 Feb 2013 - 06:22 am

DOHA: Al Meera Holding Company LLC has signed an agreement to purchase the business and assets of Safeer stores in Oman. The deal...

QInvest is debt arranger for French assets 27 Feb 2013 - 06:20 am

Tamim Hamad Al Kuwari (left), and Craig Cowie DOHA: Investment Holding Company Constellation has appointed QInvest, Qatar’s leading investment bank, as sole financial...

Al Meera rights issue fully subscribed 27 Feb 2013 - 06:20 am

DOHA: Al Meera Consumer Goods Company (QSC) announced yesterday that it has successfully completed the rights issue subscription to increase its capital that...

Tomorrow last day of trading at QE’s present building 27 Feb 2013 - 06:19 am

DOHA: Tomorrow will be the last day for Qatar Exchange (QE) doing its businesses at its current building on the Grand Hamad Street....

Eurozone at 3-month low on Italian stalemate 27 Feb 2013 - 06:19 am

LONDON: Eurozone shares sank to three-month lows yesterday after an Italian election stalemate renewed concerns about the future of the euro zone and...

AirAsia posts 238pc jump in profit 27 Feb 2013 - 06:17 am

An engineer inspects an Airbus 330 of the Sri Lankan Airlines at the international airport in Katunayake, 30km north of Colombo, yesterday. The...

Global music revenues up first time since 1999 27 Feb 2013 - 06:16 am

LONDON: The music business broke a 12-year losing streak in 2012, posting a small but symbolic 0.3 percent rise in trade revenues to...

Assets of commercial banks reach QR828bn 26 Feb 2013 - 01:36 am

QCB Governor H E Sheikh Abdulla bin Saoud Al Thani addressing the 7th Gulf Cooperation Council Regulators’ Summit in Doha yesterday. BY...

Egypt’s regulator approves QNB’s bid for NSGB 26 Feb 2013 - 01:35 am

CAIRO: Egypt’s financial regulator has approved an offer by Qatar National Bank (QNB) for National Societe Generale Bank, after requiring QNB to buy...

Fourth Doha Energy Forum from March 5 26 Feb 2013 - 01:34 am

DOHA: The Gulf Intelligence will co-host The 4th Doha Energy Forum with Maersk Oil Qatar at Texas A&M University here on March 5-6,...

Apicorp announces $150m petroleum shipping fund 26 Feb 2013 - 01:34 am

DOHA: The Arab Petroleum Investments Corporation (Apicorp), the multilateral development bank owned by the Organisation of Arab Petroleum Exporting Countries (OAPEC) yesterday announced...

Masraf Al Rayan shareholders approve Libyan bank buy 26 Feb 2013 - 01:30 am

The extra ordinary general assembly of Masraf Al Rayan approved the acquisition of a strategic share in a commercial bank in Libya through...

Qatar-Turkey trade volume exceeds $1.2bn 26 Feb 2013 - 01:30 am

DOHA: The trade volume between Qatar and Turkey has exceeded $1.2bn mark in 2012. Qatar’s exports to Turkey increased by over 46 percent...

Qatari bourse index down by 0.46 percent 26 Feb 2013 - 01:30 am

Qatari bourse index down by 0.46 percent Doha: Qatar Exchange was down 40.14 points or 0.46 percent to 8,653.07 points yesterday. Among the...

GIS revenue rises to QR2.2bn 26 Feb 2013 - 01:29 am

DOHA: Gulf International Services (GIS), the largest service group in Qatar, with interests in a broad cross-section of industries, ranging from insurance, re-insurance,...

New role for KPMG official 26 Feb 2013 - 01:29 am

DOHA: Global audit, tax and advisory firm, KPMG, has announced the appointment of its Qatar-based partner, Omar Mahmood to head up its financial...