Business

WTO hands Obama victory in US-China steel case 20 Oct 2012 - 04:02 am

GENEVA/WASHINGTON: The World Trade Organisation barred China yesterday from imposing duties on certain US steel exports, siding with US President Barack Obama in...

Iran’s shipping woes delay crude deliveries to China 20 Oct 2012 - 04:01 am

BEIJING/SEOUL: Iranian crude volumes received by China have been below contracted levels since September, because Iran’s tanker fleet, the sole transporter of its...

US home resales slip 20 Oct 2012 - 04:01 am

WASHINGTON: US home resales retreated in September from a two-year high, a reminder that America’s housing sector is a long way from a...

Brent, US crude fall 20 Oct 2012 - 04:00 am

NEW YORK: Brent and US crude futures fell more than $1 yesterday as fears of extended supply interruptions, the dollar strengthened on a...

N-KOM wins ‘Shipyard of the Year’ Award 19 Oct 2012 - 04:28 am

An N-KOM official receiving the award recently. DOHA: Nakilat-Keppel Off-shore & Marine (N-KOM) has been awarded ‘Shipyard of the Year’ at Lloyd’s List...

Gulf Islamic banks ready to step in as HSBC pulls back 19 Oct 2012 - 04:28 am

SYDNEY: Four days after HSBC Holdings said it would shrink its global Islamic banking operations, National Bank of Abu Dhabi revealed very different...

QE market capitalisation increases to QR468.23bn 19 Oct 2012 - 04:27 am

DOHA: Qatar Exchange’s main index gained 63.53 points or 0.75 percent last week to close at 8,542.14 points. Trading value last week increased...

Oil falls to $112 a barrel 19 Oct 2012 - 04:26 am

LONDON: Oil dropped to $112 a barrel yesterday, pressured by signs of a healthier supply outlook and a rise in US jobless claims,...

Medicare Group’s profits rise 19 Oct 2012 - 04:26 am

DOHA: Medicare Group posted a 22 percent growth in it’s net operational profits for the nine month period ended September 30, 2012, compared...

Mannai Corp net profit up by 47 percent 19 Oct 2012 - 04:22 am

DOHA: Mannai Corp-oration has posted a net profit of QR 299.9m for the nine month period ended September 30, 2012, up 47 percent...

Merkel, Hollande differ on euro crisis at summit 19 Oct 2012 - 04:21 am

BRUSSELS: EU leaders began a summit meeting yesterday amid sharp French and German differences over how to tackle the bloc’s crisis and as...

ExxonMobil seeks to quit Iraq oil project 19 Oct 2012 - 04:20 am

LONDON: ExxonMobil wants to leave its flagship Iraqi oil project after upsetting Baghdad by signing a deal last year with the autonomous northern...

Expert stresses role of climate change and sustainability for future growth 19 Oct 2012 - 04:20 am

Doha: Senior professionals from the oil and gas, real estate, construction and banking industry yesterday discussed the system of megaforces important for business...

China’s economy slows further to 7.4 percent 19 Oct 2012 - 04:19 am

BEIJING: China’s economic growth eased for the seventh straight quarter, data showed yesterday, but analysts say the slowdown has almost bottomed out, just...

Most of Middle East’s FDI originated from GCC: Report 18 Oct 2012 - 07:37 am

Ernst & Young Area Managing Partner, Mark Otty addressing the opening session of the Growing Beyond Summit 2012 at Ritz-Carlton Doha yesterday. (Kammutty...

QIB records QR1.13bn net profit 18 Oct 2012 - 07:36 am

Sheikh Jassim bin Hamad bin Jassem bin Jaber Al Thani DOHA: Qatar Islamic Bank (QIB), has recorded a net profit of QR1.13bn for...

Qatar Electricity & Water Company’s profits decline by six percent 18 Oct 2012 - 07:35 am

DOHA: Despite reporting a 3 percent increase in its sales, Qatar Electricity and Water Company’s net profits declined six percent on year-on-year basis....

Doha Bank posts five percent profit growth 18 Oct 2012 - 07:35 am

DOHA: Doha Bank’s net profit for 2012 third quarter (Q3) recorded an impressive QR1.06bn, up five percent, as compared to QR1.01bn for the...