Business / Qatar Business

Masraf Al Rayan profit up 10.1pc 23 Jul 2014 - 02:09 am

DOHA: Masraf Al Rayan has recorded a net profit of QR904m for the first half of 2014, an increase of 10.1 percent compared...

Bestway buys Co-op’s pharma business 23 Jul 2014 - 02:08 am

Doha: Bestway Group and The Co-operative Group have announced that they have acquired Co-op’s pharmacy business for a purchase price of £620m. The...

Monthly PPI rises marginally by 0.3pc 23 Jul 2014 - 02:08 am

DOHA: The Monthly Producer Price Index (PPI) for May 2014 stood at 170.3 (base 2006=100), showing a marginal increase of 0.3 percent over...

Woqod net profit rises 12.47pc to QR530m for H1 23 Jul 2014 - 02:08 am

DOHA: Woqod yesterday announced that its net profit (excluding minority interest) for the first half of 2014 exceeded QR530m, registering an increase of...

QCB real estate index touches record high 22 Jul 2014 - 08:14 am

By Satish Kanady DOHA: The Qatar Central Bank’s (QCB) real estate price index hit a record high in June 2014, surging to 230.6...

GDI signs contract with Dolphin Energy 22 Jul 2014 - 08:14 am

Ibrahim J Al Othman, CEO of GDI and Adel Ahmed Albuainain, General Manager, Dolphin Energy at the signing ceremony. DOHA: Gulf Drilling International...

QPMC, N-KOM in deal for building floating jetty 22 Jul 2014 - 08:13 am

Officials at the signing ceremony. DOHA: Nakilat-Keppel Offshore & Marine (N-KOM) has bagged a contract worth QR69m (about $18.95m) to design and construct...

Milaha records QR518m net profit for first half 22 Jul 2014 - 08:12 am

DOHA: Qatar Navigation Company (Milaha) recorded a net profit of QR518m for the first half of 2014 (H1, 14), a 10 percent year-over-year...

QFCRA bars former staff of a global bank from taking up jobs 22 Jul 2014 - 08:07 am

DOHA: The Qatar Financial Centre Regulatory Authority (QFCRA) has barred a former employee of QFC-registered international bank from taking up jobs in any...

Loan growth outpaces deposit growth in June: QNBFS 22 Jul 2014 - 08:05 am

DOHA: Loan growth has outpaced deposit growth in Qatar during the month of June 2014. After posting a growth of 0.4 percent month-on-month...

QIIB net profit grows by 10pc in H1 22 Jul 2014 - 07:03 am

Sheikh Dr Khalid bin Thani Al Thani (left) and Abdul Basit A Al Shaibei. DOHA: International Islamic’s (QIIB) financial portfolio grew by 25.7...

Muntajat signs 2-year deal with Milaha 21 Jul 2014 - 03:35 am

Sheikh Ali bin Jassim Al Thani (left), Chairman and Managing Director of Milaha and Abdulrahman Ali Al Abdulla, CEO of Muntajat at the...

QIB makes global spending on cards secure 21 Jul 2014 - 03:34 am

D Anand, General Manager of QIB’s Personal Banking Group DOHA: Qatar Islamic Bank (QIB), Qatar’s leading and safest Islamic Bank, has brought in...

Hyundai’s Ramadan campaign a big hit 21 Jul 2014 - 03:31 am

Doha: Hyundai Ramadan campaign this year has really caught the imagination of car buyers in Qatar which is quite evident from the overwhelming...

QE index closes 129.07 points lower 21 Jul 2014 - 03:26 am

Doha: Qatar Exchange index closed lower yesterday, down by 129.07 points, or 0.97 percent, to 13,155.58 points. The trading value at close was...

Mena IPO proceeds jump 129pc in Q2 21 Jul 2014 - 03:26 am

DOHA: The Mena IPO market continued its recovery to end the first half of the year 2014 (H1, 14) strongly. There were a...

Qatar General Insurance posts QR53.78m profit 21 Jul 2014 - 02:35 am

Doha: Qatar General Insurance and Reinsurance Company has announced a net profit of QR53.78m for the six-month period ending June 30. This is...

QAC posts sales growth for second consecutive year 21 Jul 2014 - 02:35 am

Doha: Qatar Automobiles Company (QAC) has reaffirmed its market leadership with a record sales growth for a second consecutive year. The authorised dealer...