CAIRO: Qatar, world’s biggest natural gas exporter, is planning to issue Islamic bonds “Sukuk” for the first time ever, as it has sent a request for proposals to banks and is close to mandating arrangers, report said on Wednesday. “The sukuk is expected sometime in the second quarter, before the summer break”, the sources said. [...]
CAIRO: Egypt’s indices rallied to a 7-week high, amid optimism about a smooth president election, and the first increase in foreign reserves since 2010. EGX30, the main index, rose 0.6 percent to close at 5056 points, its highest close since March 22, rising for a fourth straight session. Central bank figures on Sunday showed Egypt’s [...]
CAIRO: Egypt indices have ended the first session of this week up over EFG-Hermes’ announcement that it sealed a deal to form a venture with Qatar’s Qinvest, a tie-up that will impact listed companies that EFG has stakes in. EGX30, the main index, rose 0.9 percent or 44.63 points to close at 4973.62, trimming its [...]
CAIRO: Saudi’s benchmark has ended its daily session Tuesday slumping, as the petrochems sector dipped amid investors booking gains for 1st Q of 2012. TADWL, the main index fell 0.2 percent to close at 7545 points, closing lower for a second session in three as investors book profits. Heavyweight Al Rajhi Bank adds 0.6 percent; and [...]
CAIRO: Qatar National Hotels said on Monday that it will target new markets in Europe and the US in its next acquisition after the state-owned group bought Raffles hotels in Paris and Singapore this year, group chairman said. “Considering the recession in Europe and the very low asset prices, we see huge acquisition opportunities [...]
CAIRO: The Egyptian Stock Exchange (ESE) saw a marginal rise on Thursday, bolstered by the announcement that EFG Hermes will merge some of its operations with Qinvest Qatari bank. The main benchmark index EGX 30 rose by 0.5 percent to reach 4934.92 points. The broader EGX 70 index of the leading smaller and mid cap [...]
CAIRO: Gulf bourses ended their weekly sessions in mixed zone, as investors await for earnings results, to book recent gains. Dubai ‘s benchmark fell 0.5 percent to close at 1652 points, as lots of investors are waiting for bellwether Emaar Properties to post first quarter earnings, expected on Sunday. Capita’s Abu Dhabi’ benchmark declined 0.2 [...]
CAIRO: Qtel, Qatar Telecom has stated on Tuesday that it will use its own cash to pay off any debts maturing in 2012 and is not “undertaking” any refinancing options currently, a press release confirmed. “Qtel does not have any immediate refinancing requirements and accordingly is not undertaking any refinancing at this time,” the state-controlled [...]
CAIRO: The World Investment Forum, currently held in Qatar, on the sidelines of the UN Conference on Trade and Development (UNCTAD) has urged sovereign wealth funds (SWF) worth an estimated $5 trillion to invest in developing countries, even as they seek the right climate and demand steps against corruption. Officials from developing countries confirmed [...]
CAIRO: Qatari sovereign wealth fund will invest at least $30 billion in 2012, and see commodities as a key target in this year, Hussain al-Abdulla, senior executive of the fund told reporters in Doha on Sunday. “We like commodities. We like to invest in commodities. Since 2002, the commodity price trend keeps going up,” Hussein [...]
CAIRO: Egyptian Foreign Minister Mohamed Kamel Amr said that there are non-stop talks between Egypt and Qatar to enhance their economic ties, and to reach more collaboration in many areas of investment in the upcoming period; according to Qatar news agency. Amr added on Wednesday that there will be a tremendous leap in business section [...]
CAIRO: Sheikh Abdullah bin Saoud Al Thani, Governor of Qatar’s Central bank, said that Qatar enjoys the fastest economic growth in the Arab region, which is a result of political stability, Qatar news agency reported. Shiekh Abdullah noted that Qatari vision to invest in emerging markets proved to be working, and enhanced the status of [...]
CAIRO: Qatar’s main index ended its daily session up, after it had tumbled, as most investors were buying amid good results for 1st quarter for some lead equities in the market. The main index was up .16% adding 14.43 points to close at 8,771.07 points from the previous closing of 8,756.64 points. The volume of [...]
CAIRO: Samsung C&T Engineering and Construction Co, a subsidiary of Samsung Group has announced that it award two agreements with Qatar’s Lusail Real Estate Development Company (LREDC) to build bridges and highways in Qatar. A press release from south Korean company, explained that the first package consists of the building of six bridges, including two [...]
CAIRO: The Qatari index has snapped an eight session rally streak on Tuesday, to finish losing 13.94 points or 0.16% from the previous closing of 8849.30. Among the top losers in today session were Rayan whose shares dropped by 0.54% to QR27.60, Gulf International fell 1.75% to QR25.25, and Islamic Holding down 3.21% to QR23.22. [...]
CAIRO: Qatar’s main stock exchange index continued its upswing on Monday, rising for the eighth consecutive session. The index gained 6.19 points or 0.07 percent to 8,849.30 points from the previous closing of 8,848.27. Volume of shares traded was up to 13,401,315 from 9,874,282 Monday and the value of shares increased to QR 313,607,399.18 from [...]
CAIRO: The Qatari index soared to its highest level since January 5, rising 57.54 points or 0.65 percent, to 8,848.27 points. It was the seventh consecutive advance and has seen the index rise 0.76 percent from the beginning of this year. The volume of shares traded was down to 9,874,282 from 11,381,884 Thursday and the [...]
Paris (dpa) – The Union of French Islamic Organizations (UOIF) on Monday expressed surprise at President Nicolas Sarkozy’s decision to ban an influential Egyptian preacher from visiting France next month. Sarkozy said earlier that Sheikh Yusuf al-Qaradawi was “not welcome” in France, where he was scheduled to address a conference of the UOIF on April [...]
CAIRO and DUBAI: A senior Egyptian cleric has lashed out at both Qatar and Saudi Arabia, saying the two Gulf countries are “servants” of Israel. He added that the two countries, voiceful in their condemnation of Syria President Bashar al-Assad’s violent crackdown on protesters, are serving American and Israeli agendas in Syria. “Firstly, is there [...]
Kabul (dpa) – Five senior Taliban leaders currently incarcerated in Guantanamo Bay prison have agreed to be transferred to the Gulf state of Qatar if the US releases them, an Afghan official said Saturday. Such a move could be important if the Taliban members can – as some speculate – play a pivotal role in [...]
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