 | Qatalum to reach global
firms with ISO certification QATAR Aluminum Company
(Qatalum) has become the first
company in Qatar to get the
ISO/TS 16949 certification.
The certification will enable
the aluminum company to sell
its products to the global automotive
industry.
The certification
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| | QE-listed banks post 15% rise in Q1 profit |  QATAR National Bank (QNB) registered
the highest increase in net
profit in the first quarter of 2012
among the eight listed banks in
Qatar. QNB was followed by Qatar
Islamic Bank (QIB), a report by
KPMG said on Sunday.
QNB´s net profit in the first quarter
of 2012 rose 22 percent to
QR2,077 million compared to
QR1,707 million in the period of
2011, while QIB followed closely
with a 21 percent rise in net profit
at QR388 million.
Ahli Bank posted the lowest
increase of 2 percent in net profit in
the first quarter at QR118 million
compared to QR116 million in the
same period of 2011.
According to the KPMG report,
the net profit of the eight listed
banks collectively... | | | AI may use Dreamliner on
domestic routes to cut cost |  AIR India plans to deploy the
Boeing-787 Dreamliner aircraft
on domestic routes to
save on fuel, train the crew
and add flexibility to its operations
by flying out to select
overseas destinations.
The first of the 27 Boeing
787 aircraft is expected to join
the fleet at the end of the
month. Air India is the third
global airline after All Nippon
Airways and Japan Airlines to
receive the fuel-efficient and
eco-friendly aircraft.
"A key feature of the aircraft
is fuel saving; it consumes
20 percent less fuel
than other aircraft. The proposal
to deploy the aircraft
on domestic routes will help
us save on high jet fuel cost
which is on domestic
routes," a senior Air India
official told IANS... | | | India to deliberate tax
measures, investors fret |  WHATEVER its intentions in
cracking down on abuse of tax
havens, India has alienated
overseas investors with the
timing and communication of
its measures when it can ill
afford to do so.
India´s move to target tax
evaders through a general
anti-avoidance rule (GAAR),
along with a plan to retroactively
tax the indirect transfer
of assets, has spooked
investors and added to an
exodus of funds, battering the
rupee.
Starting on Monday,
India´s parliament will begin
considering the finance bill
that includes the tax proposals
but final details may be a
month or more away, government
sources have said,
which could prolong the
uncertainty and aggravate. | |
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