Business

Shell net profit sinks 14pc in 2012; hikes payout 01 Feb 2013 - 12:01 pm

LONDON: Energy giant Royal Dutch Shell yesterday said its net profits sank 14 percent last year despite an upbeat final quarter, as the...

QNB sees 40pc net profit from foreign operations 31 Jan 2013 - 04:18 am

QNB Chairman H E Yousuf Hussein Kamal (fourth left) addressing the ordinary general assembly, yesterday. (Abdul Basit) By Satish Kanady DOHA: QNB Group...

Switzerland sets up investment agency in Qatar 31 Jan 2013 - 04:16 am

OSEC CEO Daniel Kung giving a presentation at the launch of the Swiss trade and investment promotion agency in Qatar at the St...

EQ, Mowgli launch mentoring programme 31 Jan 2013 - 04:16 am

DOHA: Enterprise Qatar (EQ) and Mowgli Foundation, together with co-sponsors Norman Broadbent and Social Development Centre (SDC) have launched Qatar’s first year-long Mowgli...

Iran seeks help to rescue sunken rig 31 Jan 2013 - 04:16 am

DUBAI: Iran has called for foreign help to recover a $40m gas platform from the Gulf seabed, its Mehr news agency reported, in...

Brent oil touches three-month high 31 Jan 2013 - 04:15 am

NEW YORK: Brent crude touched a three-month high yesterday after better-than-expected European data spurred optimism over the global economy, but oil later pared...

Salah Jasim named Ahli Bank CEO 31 Jan 2013 - 04:14 am

Ahli Bank officials during the extraordinary general assembly. DOHA: Ahli Bank’s Board of Directors have appointed Salah Jasim Mohamed Ahmed Murad as CEO...

Oman rules may spur Islamic finance reforms 31 Jan 2013 - 04:13 am

SYDNEY: Oman’s new Islamic banking rules could encourage the development of a larger pool of Shariah scholars and ultimately help to raise operating...

Banking sector pushes Qatar Exchange up 31 Jan 2013 - 04:13 am

Doha: Qatar Exchange kept its upswing trend yesterday, adding 38.14 points (0.44 percent) to advance to 8,727.83 points from 8,689.69 on the previous...

Private sector objects to draft companies law 30 Jan 2013 - 01:49 am

DOHA: The private sector has objected to a draft commercial companies’ law the Ministry of Business and Trade has recently released for public...

More non-family members find place in boardrooms 30 Jan 2013 - 01:47 am

From left: Rashid bin Ali Al Mansoori, CEO, Qatar Exchange; Imelda Dunlop, Executive Director, Pearl Initiative; David Dhanoo, Group Chief Legal Officer and...

Qatar plans to invest $5bn in Malaysia petrochem complex 30 Jan 2013 - 01:42 am

KUALA LUMPUR: Qatar’s sovereign wealth fund plans to spend half of the $10bn it expects to invest in Malaysia on a petrochemicals complex...

Oil prices surge past $114 30 Jan 2013 - 01:41 am

LONDON: Global oil prices hit multi-month highs yesterday on the back of the weaker dollar and on the eve of a key monetary...

GCC family firms look for external capital: Study 30 Jan 2013 - 01:41 am

DOHA: GCC family firms are increasingly looking externally for growth and expansion plans. A large number of family firms are looking for external...

Family firms urged to go public 30 Jan 2013 - 01:41 am

DOHA: Rashid Al Mansoori, CEO of Qatar Exchange (QE), has called on the family businesses to become active players in Qatar’s capital market....

RBI cuts rates first time in nine months 30 Jan 2013 - 01:40 am

MUMBAI: India’s central bank cut interest rates yesterday for the first time in nine months and reduced the amount of cash banks must...

Qatar housing market set for strong growth: Report 30 Jan 2013 - 01:40 am

Doha: The market for leasing homes in Qatar is likely to show strong signs of growth in 2013 and 2014 as major infrastructure...

Tasdeer launches Exim Link export-import matchmaker 30 Jan 2013 - 01:39 am

Doha: Qatar Development Bank’s Qatar Export Development Agency, Tasdeer, recently launched another export-driven initiative, the Exim Link, to provide non-oil Qatari exporters with...