Business / Qatar Business

Weekly Money Market Review with IBQ: This is the peak of summer’s unpredictability 19 Jul 2013 - 03:22 am

An extremely volatile week in the currency market with the US dollar losing ground in the middle of the week after the FOMC...

CBQ completes Alternatifbank stake purchase 19 Jul 2013 - 03:03 am

DUBAI: Commercial Bank of Qatar (CBQ) yesterday said it had completed the purchase of a 70.84 percent stake in Turkey’s Alternatifbank. The transaction...

New BlackBerry Q5 launched in Qatar 18 Jul 2013 - 04:29 am

DOHA: BlackBerry yesterday announced that the newest BlackBerry® 10 smartphone, the BlackBerry® Q5, is now available from authorised carriers and retailers in Qatar. ...

Dubai up as Air Arabia jumps to near 5-year high 18 Jul 2013 - 04:22 am

Dubai: Dubai-listed budget carrier Air Arabia surged to a near five-year high yesterday, leading a rally on the emirate’s bourse ahead of UAE...

Mackeen to launch specialised ATM solutions 18 Jul 2013 - 04:22 am

DOHA: Mackeen Technology, one of the fastest growing technology companies in Qatar, will be launching specialized solutions for Automated Teller Machines (ATMs) to...

Residential sales at three-year high 18 Jul 2013 - 02:52 am

Jed Wolfe, Managing Director, Asteco Qatar. DOHA: Residential sales in Q2 2013 reached a three-year high, led by increased freehold purchase demand in...

QIB H1 profit reaches QR630m 17 Jul 2013 - 07:55 am

DOHA: Qatar Islamic Bank’s (QIB) profit reached QR630m for the first half 2013 (H1 2013). The Bank’s financing activities have strongly rebounded in...

Posco drops $5.3bn steel project in India 17 Jul 2013 - 07:55 am

MUMBAI: South Korean steel giant Posco scrapped yesterday a $5.3bn deal to build a steel plant in India due to delays, in a...

QNB, PayPal tie-up offers better online shopping 17 Jul 2013 - 07:51 am

Ali Rashid Al Mohannadi (left), Executive General Manager and Chief Operations Manager at QNB, and Elias Ghanem, General Manager, PayPal Mena, during the...

Qatari investors eye Dubai’s Palm Jumeirah 17 Jul 2013 - 07:48 am

DOHA: Dubai-based developer Seven Tides is receiving increasing interest from Qatari investors for the phase one release of its exclusive Anantara Residences Dubai,...

Nakilat’s first half profit drops 16 Jul 2013 - 05:03 am

DOHA: The Qatar Gas Transport Company (Nakilat) has seen its profits dip in the first half of 2013 due to a loss on...

Qatari firms adopt smarter business practices: Survey 16 Jul 2013 - 05:02 am

Mazin Khoury, CEO of American Express Middle East. DOHA: Companies in Qatar are investing in more comprehensive expense management practices as part of...

Islamic Holding Group records QR4.4m net profit 16 Jul 2013 - 04:44 am

DOHA: The Islamic Holding Group’s net profit for the first half of 2013 reached QR4.4m, compared with QR4.1m for the same period in...

QIIB posts QR366m H1 profit 16 Jul 2013 - 03:39 am

Sheikh Dr Khalid bin Thani Al Thani & Jamal Al Jamal DOHA: The International Islamic’s (Qatar International Islamic Bank or QIIB) net profit...

BCDR rules in favour of Barwa 15 Jul 2013 - 01:39 am

DOHA: In a significant ruling, the Bahrain Chamber of Dispute Resolution (BCDR) has ordered two prominent Bahraini companies to repay Barwa International SPC,...

QSRTC completes tests on fiber-optic seismic system 15 Jul 2013 - 01:33 am

DOHA: Qatar Shell Research & Technology Centre (QSRTC) successfully completed the field testing of a new fiber-optic seismic system. Making use of cutting-edge...

‘Weaknesses’ of Qatar’s banking sector identified 15 Jul 2013 - 01:26 am

DOHA: Despite high stability and strong profitability, severe exposure to real estate sector and aggressive expansion plans are key “weaknesses” of Qatar’s banking...

Ooredoo QSC ticker changes to ‘ORDS’ 15 Jul 2013 - 01:26 am

DOHA: Ooredoo Q.S.C yesterday announced that its ticker has been changed to “ORDS” from QTEL.QA with immediate effect. The company will trade as...