 | QNB profit up 17% to
QR2bn in first quarter QATAR National Bank (QNB),
Qatar´s largest lender by market
value, said on Wednesday
that first quarter net profit rose
17 percent to QR2 billion ($549
million) from QR1.70 billion in
the year earlier, on strong loan
growth and rising ...
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| | Mazaya to firm up presence in realty sector: Naimi |  MAZAYA Qatar Real Estate
Development Company may
consider entering into community
housing projects "if there is
acute shortage of houses", on the
lines of Barwa and Ezdan, its
chairman has said.
"At the moment we don´t see
any shortage in supplies. It
makes no sense to enter this
market at this point of time,"
Mazaya Qatar Chairman Rashid
Fahad al Naimi told reporters at
a function, in Doha, on
Wednesday.
According to Naimi, the company
would continue to consolidate
its position in the real estate
and investment sector. He said
the company did not have any
immediate plans of entering the
community housing projects and
aggravate the demand and supply
... | | | Russia rejigs tax laws to
attract more oil firms |  RUSSIA´S Energy Ministry
has outlined a new tax policy
designed to attract tens of billions
of dollars of investment
into promising but challenging
new oil provinces in Arctic
offshore zones, government
sources said on Wednesday.
The world´s largest oil producer
faces falling output in
the Soviet-era oil heartland of
Western Siberia and will need
to open up its continental
shelf to sustain output that,
according to some forecasts,
would otherwise peak later
this decade.
ExxonMobil last year
became the first global major
to stake a claim in the Russian
Arctic by signing a drilling
partnership with state oil firm
Rosneft, after British rival BP
failed to close a similar ... | | | Federal Reserve tones down
talk of more stimulus |  FEDERAL Reserve policymakers
have backed away
from the need for another
round of monetary stimulus
as the US economy gradually
improves.
Minutes of the central
bank´s meeting published on
Tuesday showed only two of
the policy-setting Federal
Open Market Committee´s 10
voting members saw the case
for additional monetary stimulus.
That was a big shift from
January, when several officials
thought economic conditions
might warrant a third
round of bond purchases to
boost growth. The surprise
change in tone hammered US
stocks, bonds and gold, while
boosting the dollar.
The Fed´s assessment of the
economy remained cautious
as ... | |
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