Business / Qatar Business

Qatar state spending up 12.7pc last fiscal 28 Jul 2014 - 12:46 am

DUBAI: Qatar’s state spending increased 12.7 percent last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure offset...

Non-energy projects propel GCC development 28 Jul 2014 - 12:44 am

Doha: GCC countries have grown strongly in recent years. High hydrocarbon prices and increased oil and gas production in some countries have boosted...

MPHC’s H1 net profit touches QR899.4m 27 Jul 2014 - 03:54 am

DOHA: Mesaieed Petrochemical Holding Company (MPHC), a subsidiary of Qatar Petroleum and one of the region’s premier diversified petrochemical conglomerates, has recorded a...

Barwa Bank profit rises by 35pc 27 Jul 2014 - 02:23 am

Barwa Bank Group Chairman Sheikh Mohamad bin Hamad bin Jassim Al Thani and Acting Group Chief Executive Officer Khalid Al Subeai. DOHA: Barwa...

Al Khaliji picks Closir for better shareholder engagement 27 Jul 2014 - 02:19 am

DOHA: Al Khalij Commercial Bank QSC has announced its decision to associate with leading financial technology company Closir, becoming the first Qatari bank...

Aamal Company net profit up 30.6pc to QR169.9m in H1 27 Jul 2014 - 02:18 am

DOHA: Aamal Company yesterday announced its financials for the first six months ended June 30, 2014. The company reported a net of QR169.9m,...

Indonesia’s economic turnaround seen: QNB Group 27 Jul 2014 - 02:11 am

DOHA: Joko Widodo (better known as Jokowi) and his vice-presidential candidate, Jusuf Kalla, won Indonesia’s presidential elections on July 22. The pair are...

Qatar bourse tumbles on lacklustre earnings 25 Jul 2014 - 01:33 am

DOHA: Qatar bourse tumbled yesterday on weaker-than expected company earnings, coupled by heavy sell-off by local retail investors ahead of Eid holidays. The...

N-KOM gets QR400m worth GDI contracts 24 Jul 2014 - 08:29 am

Abdullah Fadhalah Al Sulaiti (left), Chairman of N-KOM, and Ibrahim J Al Othman, CEO of GDI, exchanging contracts after signing in the presence...

UDC net profit surges by 34pc to QR521m 24 Jul 2014 - 08:19 am

DOHA: United Development Company (UDC), a leading developer, recorded a net profit of QR521m for the first half of 2014, up 34 percent...

JCDecaux unveils digital screen network at Oman airports 24 Jul 2014 - 08:17 am

Dubai: JCDecaux SA, the number one outdoor advertising company worldwide, has unveiled a new network of HD digital screens at Muscat International Airport...

Masraf Al Rayan UK unit offers new schemes 24 Jul 2014 - 08:16 am

DOHA: Islamic Bank of Britain plc (IBB), a subsidiary of Masraf Al Rayan UK, has announced to extend its UK real estate finance...

Ooredoo posts QR1.7bn profit 24 Jul 2014 - 07:27 am

DOHA: Telecom major Ooredoo’s revenue touched QR16.5bn in the first half of 2014 (H1, 14), down 3 percent compared to a year ago....

GIS posts record H1 profit, net up 58pc 23 Jul 2014 - 02:26 am

DOHA: Gulf International Services (GIS), the largest service group in Qatar with interests in a broad cross-section of industries, delivered strong revenue and...

Ezdan H1 profit up 50pc to QR718.12m 23 Jul 2014 - 02:21 am

One of the Ezdan projects in Qatar. DOHA: Ezdan Holding Group has reported its interim financials for the first half of this year...

Vodafone Qatar’s Q1 revenue up by 27pc 23 Jul 2014 - 02:20 am

DOHA: Vodafone Qatar delivered strong numbers in the first quarter ended June 30, 2014, as its revenue reached QR585m, reflecting a 27 percent...

Ehab Eshehawi is QIIB’s new COO 23 Jul 2014 - 02:19 am

DOHA: International Islamic (QIIB) has announced the appointment of Ehab Eshehawi (pictured) as its Chief Operating Officer (COO). Eshehawi’s appointment is part of...

Banks, real estate stocks lift QE index 1.29pc 23 Jul 2014 - 02:10 am

DOHA: Qatar Exchange (QE) benchmark index rose 1.29 percent on the support of banks and real estate stocks yesterday. QNB gained 2.18 percent...