Business

Qatar-Turkey trade volume exceeds $1.2bn 26 Feb 2013 - 01:30 am

DOHA: The trade volume between Qatar and Turkey has exceeded $1.2bn mark in 2012. Qatar’s exports to Turkey increased by over 46 percent...

Qatari bourse index down by 0.46 percent 26 Feb 2013 - 01:30 am

Qatari bourse index down by 0.46 percent Doha: Qatar Exchange was down 40.14 points or 0.46 percent to 8,653.07 points yesterday. Among the...

GIS revenue rises to QR2.2bn 26 Feb 2013 - 01:29 am

DOHA: Gulf International Services (GIS), the largest service group in Qatar, with interests in a broad cross-section of industries, ranging from insurance, re-insurance,...

New role for KPMG official 26 Feb 2013 - 01:29 am

DOHA: Global audit, tax and advisory firm, KPMG, has announced the appointment of its Qatar-based partner, Omar Mahmood to head up its financial...

Key European stocks rise 26 Feb 2013 - 01:28 am

LONDON: European stock markets rode an Italian election rollercoaster yesterday, rising as exit polls initially tipped a centre-left victory but then dipping as...

MasterPass and Visa payWave unveiled 26 Feb 2013 - 01:27 am

BARCELONA: Global financial groups battled yesterday to control the lucrative future of “mobile money”, which will enable people to use a smartphone to...

4bn subscribers forecast for mobile industry 26 Feb 2013 - 01:27 am

BARCELONA: The $1 trillion global mobile industry predicted yesterday a boom in subscribers to four billion people by 2018 as the world’s largest...

Egypt govt plans stock market levy 26 Feb 2013 - 01:27 am

CAIRO: Egypt will reopen talks with the IMF next month on a $4.8bn loan, a minister said yesterday, and the government laid out...

Asia to get 9,870 aeroplanes over 20 years: Airbus 26 Feb 2013 - 01:26 am

SINGAPORE: Asia-Pacific carriers will take delivery of 9,870 new passenger and cargo aircraft valued at $1.6 trillion over the next 20 years, European...

Etisalat picks banks for $6bn Maroc stake 26 Feb 2013 - 01:23 am

DUBAI/LONDON: Etisalat, the United Arab Emirates’ (UAE) biggest telecoms operator, has lined up advisers for its bid for Vivendi’s 53 percent stake in...

QIB records QR1.24bn profit in 2012 25 Feb 2013 - 01:30 am

Sheikh Jassim bin Hamad bin Jassim bin Jabor Al Thani (centre), Chairman, Qatar Islamic Bank, addressing the general assembly meeting of the shareholders...

Woqod posts QR1.15bn net profit; assets up 25 Feb 2013 - 01:30 am

DOHA: Woqod’s (Qatar Fuel) total assets for 2012 full year reached QR8bn, up by 15.7 percent, compared to the year 2011. The total...

Bahrain to benefit more from causeway 25 Feb 2013 - 01:29 am

DOHA: Bahrain will immensely benefit from the proposed Qatar-Bahrain ‘Causeway’ (‘Friendship Bridge’) as its GDP stood at $22.7bn compared with Qatar’s $173.2bn economy...

UDC approves election of new directors 25 Feb 2013 - 01:29 am

DOHA: United Development Company (UDC), leading Qatari public shareholding company and the master developer of The Pearl-Qatar, yesterday announced that the annual general...

QE launches LP activities to enhance weak stocks 25 Feb 2013 - 01:28 am

DOHA: Qatar Exchange (QE) yesterday announced its decision to launch “Sponsored Action” and the “Liquidity Provider” facilities at the bourse. While the ‘sponsored...

QIC seeks to increase capital 25 Feb 2013 - 01:28 am

DOHA: Qatar Insurance Company( QIC) has sought the approval of the Ministry of Business & Trade to increase its capital after distribution of...

Qatar Shell ties up with QDB to support SMEs 25 Feb 2013 - 01:28 am

Doha: Qatar Shell has partnered with Qatar Development Bank (QDB) to open the doors for local Small to Medium Enterprises (SMEs) to supply...

European, US telecoms divide widens 25 Feb 2013 - 01:27 am

BARCELONA: When the bosses of global mobile operators meet in Barcelona this week, there will be an elephant in the room: the widening...