 | CBQ profit jumps 22%
to QR376 million in Q4 COMMERCIAL Bank of Qatar
(CBQ), Qatar´s third-largest
lender by market value, reported
a 22 percent jump in fourth-quarter
profit on Wednesday on
increased lending and deposits.
CBQ made a net profit of
QR376 million ($103.3 million).
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| | Norwegian carrier to buy
222 Boeing, Airbus planes |
 NORDIC budget carrier
Norwegian Air Shuttle
placed one of Europe´s
biggest-ever aircraft orders
on Wednesday in a rare gamble
on Europe´s economic
recovery just when the continent´s
airlines are struggling
to reverse their financial rot.
Norwegian ordered 222
narrow-body aircraft worth
$21.5 billion at list prices ,
taking advantage of the
Nordics´ remarkable economic
health amid the continent´s
credit crisis.
The orders, split between
Boeing Co and EADS unit
Airbus, gives both firms
major victories as the
US company gains the second
biggest order for its
newest aircraft while the
European planemaker gets a
foothold in Norwegian´s
Boeing-only fleet ... |
| | British economy teeters
on brink of recession |  BRITAIN´S economy may have
entered a mild recession in the last
three months of 2011, hampering the
government´s core policy aim of
spurring growth and raising the
chances that the Bank of England will
inject more cash soon.
The economy shrank by 0.2 percent
at the end of 2011, the Office for
National Statistics said on
Wednesday, a bit more than economists
expected as a stagnating services
sector failed to offset a slump in
manufacturing and construction.
"As we feared, a decline in GDP in
Q4 is likely to be the first leg of a technical
recession," said Andrew
Goodwin, senior economic advisor to
the Ernst & Young ITEM Club.
For 2011 as a whole, GDP ... |
| | Apple profit hits $13.06bn,
37mn iPhones sold in 2011 |  APPLE Inc´s quarterly results
blew past Wall Street´s expectations
after US consumers
snapped up near-unprecedented
numbers of iPhones and
iPads, sending its shares up 8
percent into record territory.
The world´s most valuable
technology corporation
returned to form after a rare
miss in the previous quarter,
assuaging investors´ worries
that its sheer size meant it
was headed into a period of
slower growth.
It sold 37.04 million
iPhones, its flagship product,
and 15.43 million iPad tablets,
doubling from a year earlier
and easily outpacing already
heightened expectations for a
strong holiday season. That
helped swell its war-chest of
cash ... |
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