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Qatar's Barwa plans to issue sukuk by 2013Qatar's Barwa Bank plans to issue a sukuk by 2013 and is eyeing a share listing over the longer term, according to its chief executive. The Islamic lender, a unit of Barwa Real Estate, sees an issuance as helping smooth out maturities More… |
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Al Khaliji nine-month profit up 22pcLeading Qatari bank Al khaliji has recorded a net profit of QR359 million ($98.5 million) for the first nine months marking an increase of 22 per cent over the same period last year. Announcing the results after a board meeting, More… |
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Libya rebels in breakthrough $100m oil dealLibyan rebels have found a way to access badly needed cash, selling oil worth $100 million paid for through a Qatari bank in US dollars, a member of the rebels' oil and gas support group for Libya said on Monday. Rebels fighting Libyan More… |
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QInvest buys stake in Indian expo firmQInvest, a leading investment bank in Qatar, said it has acquired a 28 per cent stake in Asian Business Exhibition & Conferences (ABEC), a leading exhibitions and conferences organiser in India. A major player in the fast growing trade More… |
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Qatar banks boost Dec provisionsProvisions made by Qatari banks rose 12.5 per cent in December compared with the previous month, while loans edged up slightly, the Gulf country's central bank data showed on Tuesday. Total provisions reached QR5.9 billion ($1.62 billi More… |
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Qatar bank private sector lending firmerQatari bank lending to the private sector rose 2.5 percent in March from February, central bank data showed on Tuesday, a signal the Gulf state's banks are getting bolder on new loans. Total domestic credit of Qatari commercial banks r More… |
