 | QE index gains after
five sessions of loss THE Qatar Exchange benchmark
index rose 0.2 percent to
8,771 points, its first gain in six
sessions. Gainers outnumbered
losers nine to seven and four
stocks closed flat.
Vodafone Qatar surged 10 percent
to a near two-year high,
with retail ...
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| | Drake & Scull pins hope on Qatar construction boom |
 DUBAI-BASED Drake & Scull
International expects its Qatari
unit to increasingly contribute
more to the firm´s overall growth
as Qatar´s construction boom
continues.
"Tenders for major projects in
the hospitality, rail and the infrastructure
sectors are underway
in quarter two and we are currently
bidding across all our
business lines," DSI Chief
Executive Khaldoun Tabari said
in a statement posted on the
Dubai Financial Market website
on Tuesday.
"We anticipate rising pressures
on pricing levels given the severe
competition and the costs associated
with the sourcing of the necessary
human and technical
resources to cater for such large
scale projects," he added ... | | | Oil falls below $102 amid
signs of weak US economy |
 OIL prices fell below $102 a
barrel on Tuesday as weak US
jobs figures and expectations
of growing crude oil stockpiles
raised the prospect that
US demand will remain tepid.
By early afternoon in Europe,
benchmark oil for May delivery
was down 68 cents to $101.78 a
barrel in electronic trading on
the New York Mercantile
Exchange. The contract fell 85
cents to settle at $102.46 in
New York on Monday.
In London, Brent crude for
May delivery was down $1.31
at $121.36 a barrel on the ICE
Futures exchange.
Market sentiment suffered
after data showed the US
economy added just 120,000
jobs last month, half as much
as each of the previous three
months and ... | | | Sony reports $6.4 billion loss on
tax hit, stays in red for 4th year |  JAPAN´S Sony Corp flagged a
record $6.4 billion annual net
loss, double an earlier forecast
and a fourth straight year of
red ink, as it writes off deferred
tax credits, heaping more pressure
on its new CEO to turn
around the electronics giant.
Sony, which plans to axe
10,000 jobs - around 6 percent
of its global workforce -
according to media reports
this week, has been hammered
by weak demand for its
televisions and overtaken by
more innovative gadget rivals
such as Apple Inc and
Samsung Electronics.
Yet, in a bid to ease investor
concerns over its deteriorating
bottom line, Sony forecast it
would bounce back in the current
year to end-March 2013
with an operating profit... | |
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