Business

QR40.4m profit for QIMC in first quarter 23 Apr 2013 - 04:30 am

Doha: Qatar Industrial Manufacturing Company (QIMC) disclosed the interim financial statement for the three month period ended March 31, 2013. The statements revealed...

Masraf Al Rayan nets QR400m profit in Q1 23 Apr 2013 - 04:29 am

DOHA: Masraf Al Rayan achieved a net profit of QR400m for the first quarter of 2013, an increase of 13.3 percent compared to...

QNB plans to issue 7-year bond worth up to $500m 23 Apr 2013 - 04:29 am

DUBAI/DOHA: Qatar National Bank plans to issue a seven-year bond of at least $500m in a swift one-day deal to take advantage of...

European stocks waver on Italy progress, US data 23 Apr 2013 - 04:29 am

LONDON: European stocks were mixed yesterday as traders balanced political progress in Italy with disappointing earnings and housing data from the US. On...

Oil prices rise on bargain hunting 23 Apr 2013 - 04:28 am

LONDON: Oil prices rose yesterday as bargain-hunters moved in following a price plunge last week that has prompted speculation about a possible cut...

Barwa Bank Q1 profit up 53pc 23 Apr 2013 - 04:28 am

Sheikh Mohamad bin Hamad bin Jassim Al Thani & Steve Troop DOHA: Barwa Bank’s net profit for the first quarter of 2013 reached...

Qatar index up 0.19pc 23 Apr 2013 - 04:27 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 15.88 points (or 0.19 percent) to advance to 8,442.66 points from 8,426.78 on Sunday....

Greece offers residence to foreign investors 23 Apr 2013 - 04:27 am

ATHENS: Greece will be offering residence to non-EU investors purchasing or renting property over ¤250,000 ($326,000), in a bid to revive its moribund...

Industries Qatar profit up 33pc 23 Apr 2013 - 04:27 am

DOHA: Industries Qatar (IQ) has recorded a net profit of QR2.54bn for the first quarter of 2013, a 33 percent increase over the...

Dreamliners set to fly in a week 23 Apr 2013 - 04:26 am

TOKYO/LONDON: Boeing began installing reinforced lithium-ion batteries on five grounded 787 jets in Japan yesterday, starting a process that should make the first...

BA signs $12bn deal with Airbus 23 Apr 2013 - 04:26 am

LONDON: British Airways yesterday announced a deal to buy up to 36 long-haul Airbus A350 passenger planes worth almost $12bn at list prices....

Pact for $1.5bn Laffan Refinery 2 project signed 22 Apr 2013 - 06:21 am

H E Dr Mohammed bin Saleh Al Sada (fifth left), the Minister of Energy and Industry and Chairman and Managing Director of QP,...

Yuan emerging as global reserve currency 22 Apr 2013 - 06:19 am

Marios Maratheftis (centre), Global Head of Macro Research, Standard Chartered Bank (SCB), addressing the media at Grand Hyatt in Doha yesterday. Also present...

Mannai Corp Q1 profit rises to QR86.6m 22 Apr 2013 - 06:19 am

DOHA: Mannai Corporation yesterday announced its first quarter financials for January to March, 2013. The company’s net profit was up 15 percent to...

UDC profit rises 16pc to QR229m in first quarter 22 Apr 2013 - 06:18 am

Sheikh Ahmed bin Nasser bin Faleh Nasser Al Thani (left) and Ebrahim Al Sulaiti DOHA: United Develo-pment Company’s (UDC) net profit for the...

Doha Round top agenda of 8th World Chambers Congress 22 Apr 2013 - 06:18 am

DOHA: The 8th World Chambers of Congress, the year’s biggest international gathering of chamber and business leaders, opens at Qatar National Conventional Centre...

HSBC reviewing Iraq operations 22 Apr 2013 - 06:17 am

DUBAI: HSBC Holdings is reviewing its operations in Iraq while continuing to invest in Egypt despite a challenging near-term environment there, the bank’s...

RasGas taps into liquid markets in NW Europe 22 Apr 2013 - 06:17 am

Doha: RasGas Company Ltd (RasGas) just delivered its first commercial liquefied natural gas (LNG) cargo to GATE (Gas Access Terminal Europe) in Rotterdam,...