Business

Tasweeq, ENOC sign supply deal 05 Feb 2013 - 05:30 am

Saad Abdulla Al Kuwari and Tayyeb Al Mulla exchanging documents at the signing ceremony. DOHA: Emirates National Oil Company (ENOC) has signed a...

Combined net profit of banks crosses QR16bn 05 Feb 2013 - 05:30 am

DOHA: The collective net profits of Qatari banks totalled more than QR16bn ($4.38bn) in 2012, up from QR14.98bn ($4.1bn) in 2011, but analysts...

Asiacell share sale lifts Qtel stake to 64.1pc 05 Feb 2013 - 05:29 am

BAGHDAD/DUBAI: Qatar Telecom (Qtel) used Iraqi unit Asiacell’s $1.27bn share sale, Iraq’s largest flotation, to raise its stake to 64.1 percent in a...

Centrica pulls out of new UK nuclear power projects 05 Feb 2013 - 05:28 am

LONDON: Utility Centrica has pulled out of plans to build new nuclear power stations in Britain with partner EDF, paving the way for...

Britain issues ‘break-up’ warning to banks 05 Feb 2013 - 05:28 am

LONDON: Britain’s banks will be broken up if they fail to ring-fence retail operations from their investment divisions to avoid any future state...

Oil industry props up Azerbaijan economy 05 Feb 2013 - 05:26 am

Oil derricks are silhouetted against the rising sun on an oilfield in Baku. Oil in Azerbaijan dates back to the 19th century and...

GCC construction insurance sector to surge 05 Feb 2013 - 05:26 am

DOHA: The GCC’s construction insurance sector is expected to see a surge starting this year, with the region set to invest more than...

al khaliji posts QR512.2m full year net profit 05 Feb 2013 - 05:25 am

DOHA: al khaliji bank yesterday released its consolidated financial statements for the year ended December 31, 2012 revealing a net profit of QR512.2m...

KPMG holds seminar on insurance regulations 05 Feb 2013 - 05:25 am

DOHA: More than 40 senior professionals from Qatar insurance sector converged on Sunday to receive an update on regulatory and financial reporting developments....

Etihad closer to deal with Jet 05 Feb 2013 - 05:24 am

James Hogan (left), Etihad Airways’ President and Chief Executive Officer, and James Rigney, the airline’s Chief Strategist, at a press conference in Abu...

Qatari bourse index loses 1.29 points 05 Feb 2013 - 05:23 am

Doha: Qatar Exchange was slightly down yesterday losing 1.29 points or 0.01 percent to reach 8,725.03 points from the previous closing of 8,726.32. ...

Shell India to challenge order by tax authorities 05 Feb 2013 - 05:23 am

MUMBAI: Anglo-Dutch oil major Royal Dutch Shell’s Indian unit is to challenge an order by local tax authorities that a share sale to...

Egypt central bank moves to curb pound decline 05 Feb 2013 - 05:22 am

CAIRO: Egypt’s central bank tightened the pound’s trading band in the interbank foreign exchange market and reduced the frequency of foreign currency auctions...

Air Leasing Corporation places $9bn Airbus order 05 Feb 2013 - 05:22 am

PARIS: US group Air Leasing Corporation (ALC) has placed a giant order for airliners built by European manufacturer Airbus worth about $9bn (¤6.64bn)...

Non-hydrocarbon sector to perform better 04 Feb 2013 - 12:42 am

From left: Sheikh Mohamed bin Faisal bin Qassim Al Thani, Yousuf Al Jaida and Prashant Kumar at a press conference at the Qatar...

No takers for up to QR800m dividends 04 Feb 2013 - 12:42 am

DOHA: Listed companies have an estimated between QR600m ($164.3m) and QR800m ($219.17m) in unclaimed dividends that have accrued over the years as their...

Dubai hopes sukuk standards will make it a global player 04 Feb 2013 - 12:41 am

DUBAI: Dubai aims to become a top global centre for Islamic bonds by introducing more detailed standards that ensure issuance and trading obey...

S&P sees pickup in acquisitions by Gulf banks 04 Feb 2013 - 12:41 am

DOHA: Banks in the the Gulf Cooperation Council (GCC) countries are becoming active buyers again of stakes in banks in the Middle East...