Business

Nokia posts profit in Q4, waives dividend 25 Jan 2013 - 05:16 am

HELSINKI: Nokia, once the world’s biggest mobile phone maker, yesterday posted a net profit of ¤202m ($269m) in the fourth quarter, its first...

Clear-cut definition of SMEs soon: CEO of EQ 24 Jan 2013 - 06:20 am

From left: Dr. Ilker Baybars, Dean Carnegie Mellon University Qatar; Raed Al Emadi, Chief Operating Officer, Silatech; Noora Al Mannai, Chief Executive Officer,...

Qtel launches 15 and 30-year dual-tranche bond 24 Jan 2013 - 06:19 am

LONDON: Qatar Telecom launched a $500m 15-year note at 215 basis points over 10-year US Treasuries, 35 bps inside initial guidance, IFR Markets,...

Palestinian banks weather crisis but govt debt is threat 24 Jan 2013 - 06:18 am

RAMALLAH: A central bank in the making, the Palestine Monetary Authority (PMA) is a rare bright spot as the economy of the Palestinian...

GCC investment company with HQ in Doha soon 24 Jan 2013 - 06:18 am

DOHA: The GCC Economic Forum has given its initial nod to set up a GCC investment company with headquarters in Doha after a...

QNB Group buys additional 49.96pc stake in Tunisian Qatari Bank 24 Jan 2013 - 06:18 am

DOHA: QNB Group has acquired an additional 49.96 percent stake in the share capital of the Tunisian Qatari Bank, thus raising its total...

Brent up on UK jobs data 24 Jan 2013 - 06:17 am

NEW YORK: Brent crude futures edged up and US crude dipped yesterday in choppy trading as improving British employment data lent support, while...

Mannai Corp elects Board of Directors 24 Jan 2013 - 06:17 am

DOHA: Mannai Corporation yesterday held an Ordinary General Assembly at the Intercontinental Hotel here yesterday. At the meeting the shareholders re-elected the members...

European shares eke out gains; banks retreat 24 Jan 2013 - 06:16 am

PARIS: European shares inched higher yesterday, moving back towards a near two-year high hit recently, although a bout of profit taking on bank...

Power-Gen conference from Feb 4 24 Jan 2013 - 03:32 am

From left: Debbie Stanford-Kristiansen, Rashid Naser Al Hajre, Remy Rowhani and Tom Freyberg at the conference. DOHA: This year’s Power-Gen Middle East and...

Qatari bourse index rises by 0.34 percent 24 Jan 2013 - 03:31 am

Doha: Qatar Exchange pursued its upswing trend yesterday, adding 29.71 points (or 0.34 percent) to advance to 8,652.86 points from 8,623.15 on Tuesday....

Asiacell share offer to be a sell-out 24 Jan 2013 - 03:31 am

BAGHDAD: Iraqi mobile operator Asiacell’s $1.35bn share sale will be fully subscribed, bookrunner Rabee Securities said, though a top bourse official and some...

QFC Authority to host Seventh Multaqa Qatar meet on March 11 24 Jan 2013 - 03:30 am

Doha: The Seventh Multaqa Qatar conference will be held here on March 11 and 12, hosts Qatar Financial Centre (QFC) Authority announced yesterday....

World markets calm but risks remain, Davos summit hears 24 Jan 2013 - 03:30 am

DAVOS: Global markets have calmed significantly in the past year, but the world economy is not out of the woods yet, a panel...

Kuwait Airways Corp to be shareholding company 24 Jan 2013 - 03:29 am

KUWAIT CITY: Kuwait’s national carrier plans to buy up to 21 new aircraft over the next two years after parliament yesterday passed a...

QIIB nets QR679m profit in 2012 23 Jan 2013 - 07:19 am

Sheikh Dr Khalid bin Thani Al Thani & Abdulbasit Al Shaibei DOHA: International Islamic (Qatar International Islamic Bank) recorded a strong growth across...

Qtel close to clinching $1bn loan facility 23 Jan 2013 - 07:19 am

DUBAI: Qatar Telecom (Qtel) is close to clinching a $1bn loan facility that will help to finance its general business operations, banking sources...

Egypt pound drops further 23 Jan 2013 - 07:19 am

CAIRO: Egypt’s pound extended losses yesterday at a central bank forex auction, leaving it 6.8 percent weaker than when the sales were launched...