 | QIIB profit
up 17% to
QR 653mn
in 2011 QATAR International Islamic
Bank (QIIB) on Sunday
announced that its net profit in
2011 rose 17 percent to QR653
million compared with QR559
million in 2010.
Based on the results, the board
of directors of the bank has recommended
to the ...
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| | QE slumps to three-month low |  QATAR´S benchmark slumped to a
three-month closing low as
investors disappointed with companies´
proposed dividends continued
to sell.
Most banks closed lower, with
Masraf Al Rayan down 3.4 percent,
Qatar Islamic Bank down 0.6 percent
and Commercial Bank of
Qatar down 0.4 percent.
"Although the results were good,
dividends didn´t meet expectations,
but the fall is unjustified in
my opinion on the long haul," said
Amer Khan, fund manager, Shuaa
Asset Management.
"There is obviously appetite when
these equities get to certain levels.
By no means do I think that valuations
in Qatar are stretched or at a
point that deserves a sell-off," he
said... | | | Global airlines wary of picking
up stakes in Indian carriers |  SEVERAL major international
airlines seem to be
wary of picking up stakes in
the loss-making Indian carriers
at this stage, even as
the government plans to
take steps to allow them to
do so.
Even before the government
formally notified
changes in the aviation policy
that currently bars foreign
carriers from investing
in Indian airlines, officials
and spokespersons of major
international airlines have
said they were not interested
in investing in the Indian
aviation market.
While a few airlines like
Qatar Airways and Air Asia
evinced some interest, carriers
like Virgin Atlantic,
Lufthansa and Emirates
said they were not
interested.
"We are focussed on
growing ... |
| | Spanish 2012 deficit target
should be changed: Minister |  SPAIN´S public deficit target
for this year should be
changed because it is based
on outdated growth forecasts,
Finance Minister
Cristobal Montoro said in
an interview published on
Sunday.
Spain´s new conservative
government has raised taxes
and slashed spending since
coming to power last month
to try to meet a 2012 target
agreed with the EU of cutting
the deficit to 4.4 percent of
gross domestic product.
It says the deficit hit
around 8 percent of output
last year, down from 9.3
percent in 2010 but way
above the official 6 percent
target agreed with Brussels
by Spain´s previous socialist
government.
"It is obvious that when the
target was set to reduce the
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