 | Banks lift QE index 88 points BANKING shares helped Qatar
Exchange gain one percent on
Sunday. The Qatar National Bank
jumped 1.9 percent and
Commercial Bank of Qatar rising
0.9 percent.
"The banking sector will help lift
the market back to an uptrend -
there was some profit-taking for
banks ...
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| | Qatar to take up
presidency of
UASA today |
 QATAR will assume the presidency
of the Union of Arab
Securities Authorities (UASA)
for a period of one year starting
on Monday when the
sixth meeting of the group
will be held in Doha.
The meeting is expected to
focus on the necessity of
increasing the professionalism
of the securitised companies,
removing the obstacles
and facing the challenges of
investment in Arab securities
markets.
The meeting comes close
on the heels of recently
launched secondary market
for the small and medium
sized enterprises named QE
Venture Market by Qatar
Exchange. The junior bourse
was launched following
QFMA´s recently announced
new listing and IPO rules in
the ... |
| | Petroplus Coryton plant
to receive crude tanker |
 PETROPLUS´S UK administrator
said on Sunday that it
had bought a cargo of crude
oil for processing at its
Coryton plant as it seeks to
conclude negotiations with
interested parties to save the
plant.
Switzerland´s Petroplus,
the owner of the 175,000
barrel per day plant near
London, has filed for
insolvency, and
PricewaterhouseCoopers
(PwC) has maintained operations
at Coryton since
January 24.
"An oil tanker is now
heading towards Coryton
and will replenish crude
stocks refined over the last
11 days. This purchase
means we are able to continue
refining operations whilst
we seek to conclude discussions
and negotiations with parties looking to continue refining ... |
| | China has stake in helping
crisis-hit Europe, says Wen |  CHINA has a stake in helping
eurozone countries get
through their debt crisis,
Chinese Premier Wen Jiabao
said in comments published
on Sunday, pointing to
Europe´s importance as a
market and hinting at more
possible support for beleaguered
exporters.
Wen´s remarks, reported
by the official Xinhua news
agency, built on comments
he made during German
Chancellor Angela Merkel´s
recent visit to China, when he
said Beijing was considering
increasing its participation in
rescue funds to address the
European debt crisis.
This time, Wen urged
sceptical Chinese citizens
to understand that supporting
Europe was in their
own benefit
"Now Europe is facing .... |
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