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Vodafone Qatarsees markedimprovement in Q2
BUSINESSBUSINESSNews Corp
posts quarterly loss
Wednesday 9 November 2016
Dow & Brent before going to press
Qatar committed to energy efficiencyMohammad Shoeb The Peninsula
The GCC Power 2016 conference and exhi-bition, held under the patronage of the Min-ister of Energy and
Industry, HE Dr Mohammed bin Saleh Al Sada, opened here yes-terday at Sheraton Hotel.
The 12th GCC – CIGRE Inter-national Conference and 21st Exhibition for Electrical Equip-ment is organized by GCC CIGRE and hosted by Qatar General Electricity & Water Corporation (Kahramaa) under the theme ‘Toward Energy Efficiency’. The GCC CIGRE, a non- profit insti-tution, is mainly devoted to encourage and develop scien-tific researches and studies in the field of Electricity Systems.
Kahramaa is participating as the main sponsor along with 25 exhibitors representing 18 coun-tries. Later, the Minister honoured the official sponsors of the Conference, in recogni-tion of their role in organizing the event.
Talking to reporters on the
sidelines of the event Dr Al Sada said GCC CIGRE plays an impor-tant role in activating cooperation between the Gulf Cooperation Council (GCC) member states in the electricity sector both in terms of production, transmission or distribution.
The Minister noted that the conference is a good
opportunity to discuss prospects of the electricity sector and its challenges.
Taking place parallel to the conference, the exhibition man-aged to attract world's leading companies in the electricity sec-tor (including ABB, Siemens, GE, Schneider Electric among oth-ers), which will help all
stakeholders to exchange expe-riences. Dr Al Sada stressed that Qatar attaches great importance to the electricity sector to improve efficiency and ration-alization of the consumption of power and water.
The event offers opportu-nity for utility industry professionals to discuss and
share their views and experi-ences concerning relevant aspects of research, manufac-turing and utility management.
Delivering his inaugural speech, Kahramaa's President Essa bin Hilal Al Kuwari, said that Qatar supports scientific conferences and gatherings in all sectors including utility,
aiming overall development of the country.
Commenting on the theme of the event, he said that the ‘Energy efficiency’ plays great role as scientific studies and practices prove that energy effi-ciency is one of the cheapest energies and one of the largest energy sources in many coun-tries due to its power savings and economic benefits.
"GCC Power 2016 will tackle this issue in details during the scheduled panel discussions. The State of Qatar stresses its com-mitment to energy efficiency as envisaged in QNV 2030. We endeavor to use the state of the art technology while adhering to energy conservation, execut-ing smart grids, and increasing the operational capacity of gen-eration plants targeting reduction in carbon emission to protect the environment as a strategic option for our genera-tions to come", he added.
The three- day event will have a number of panel discus-sions, presentations, plenary sessions, tutorials and research- related activities.
Kahramaa signs MoUwith Belgian firm EliaMohammad Shoeb The Peninsula
Qatar General Electric-i ty & Water Corporation (Kah-ramaa) yesterday signed a Memoran-
dum of Understanding (MoU) with Elia Grid International, a Belgian firm, on the sidelines of the ongoing ‘GCC Power 2016 Conference & Exhibition’.
The MoU was signed, in the presence of the Minister of Energy and Industry, HE Dr Mohammed bin Saleh Al Sada, by Kahramaa's President, Essa bin Hilal Al Kuwari and Chief Executive Officer of Elia Grid International Markus Berger.
The signed MoU is designed to encourage the sharing of information, experiences and ideas to foster transmission development, network planning, KPIs (Key Performance Indicators) enhancement, better asset management exchanging technical information and joint cooperation.
“Under the MoU we intend to exchange information and expertise to develop a relation between Kahramaa and Elia Grid International,” Al Kuwari
told The Peninsula on the sidelines of the signing ceremony.
“We aim to sharing information and benchmarking our performance with them. Changing the KPIs for the distribution of power, developing smart grid concept and renewable energy concept
are the key objectives of this collaboration,” Al Kuwari added.
On the current status of the ambitious smart grid programme, he said that Qatar has already started working on the smart grid transformation programme, and have already converted many areas with smart grid system.
Ezdan Group launches new company ‘Ezdan World’Sachin Kumar The Peninsula
Ezdan Holding Group announced the official launch of a new company
‘Ezdan World’ yesterday that will focus and own projects in recre-ation and tourism sector. The company has already begun managing the operations of ‘Magical Festival Village’ project in ‘Cultural Village Katara’.
The Village is the first of its kind as entertainment destina-tion in Qatar sprawling on an
area of 50,000 square metres. “Our keenness to strongly
participate in this project stems from a vision based on the inte-gration of sectors in which the Group is pumping investments that target meeting individual needs and supporting domestic sectors that highlight the true picture of Qatar. In addition, the Group's strategy aims at serving the community and providing all requirements of entertain-ment and shopping in a unique family atmosphere,” said Ali Mohammed Al Obaidli, CEO,
Ezdan Holding Group in a press conference held at Ezdan Hotel, West Bay. “Our participation in this sector is based on our unwavering commitment to our social responsibility to provide adequate and top notch enter-tainment and tourism hub for the public and honor the coun-try’s social and cultural values,” he added.
The village features a unique design, in which the European countryside architecture is blended with the Qatari culture.
H E Dr Mohammed bin Saleh Al Sada, the Minister of Energy and Industry cutting a ribbon with Essa bin Hilal Al-Kuwari, the President of Qatar General Electricity & Water Corporation and other officials to mark the opening of GCC Power 2016 forum and exhibition in Doha yesterday. Pic: Abdul Basit / The Peninsula
Essa bin Hilal Al-Kuwari (right) and Markus Berger signing the document in the presence of Minister of Energy and Industry, H E Dr Mohammed bin Saleh Al Sada yesterday. Pic: Abdul Basit / The Peninsula
Ezdan Holding Group CEO Ali Mohammed Al Obaidli (left) and Ezdan World General Manager Abdulaziz Al Mohannadi at the press meet yesterday. Pic: Baher Amin / The Peninsula
$44.94$44.94+0.05+0.05
6,843.13 +36.23 PTS
0.53%
18,349.24 +89.64 PTS
0.49%
9,985.26+21.24 PTS
0.21%BRENTFTSE100DOWQE
22 WEDNESDAY 9 NOVEMBER 2016 BUSINESS
The Peninsula
QNB recently held an event at the Doha Marriott Hotel to introduce its clients to
its Bancassurance products and services and increase insurance awareness in general.
The event, which also included a gala dinner, was held in cooperation with MetLife, QNB’s insurance partner, con-sidered one of the Bank’s closest partners with which QNB has long years of excellent cooperation.
The prestigious event tack-led a number of important issues in the Bancassurance field,
including the importance of financial planning, identifying the financial needs for each stage of a person’s life, embrac-ing the possibility of risks in life, realizing the impact of the lack of financial planning, an intro-duction to and explanation of the concept of investment vehi-cles, and a presentation of the solutions available to QNB customers.
QNB recently won the “Most Innovative Bancassurance Prod-uct Qatar 2016” award , which was provided by the Interna-tional Finance Magazine (IFM) in recognition of the quality of its Bancassurance offering. This
range of products and services is designed to customers accu-mulate wealth and to provide them and their families with insurance protection. The prod-ucts are also versatile and can be tailored to suit each custom-er’s individual requirements.
QNB currently provides a comprehensive wide range of integrated financial services products under the “One Stop Shop Solution for all your bank-ing and insurance needs” model across its international network. The products are designed to help its customers realize their dreams and offer them protec-tion against the unexpected.
The Peninsula
COMMERCIAL BANK, Qatar’s first private bank, has announced a range of gener-ous rates on loans from now until December 31 to help cus-tomers pay for school fees, purchase gifts for the New Year and take advantage of vehicle dealership offers. The campaign includes exceptional rates on Personal Loans and Vehicle Loansbundled with additional benefits.
Qatari customers can enjoy a Personal Loan start-ing from as low as 4.35 percent p.a. (equivalent to 2.34 per-cent flat), while expatriates can enjoy special rates starting from 4.99 percent p.a. (equiv-alent to 2.69 percent flat).
Attractive Vehicle Loan rates starting from 1.95 percent flat (3.62 percent p.a. variable)for Qatari customers and 2.15 percent flat (3.99 percent p.a. variable) for expatriate cus-tomers on new or pre-owned cars are available until Decem-ber 31, 2016.
Vehicle Loans come with added benefits that include a gift voucher worth QR1,000 from Titanium; yearlong com-prehensive motor insurance from Massoun Insurance Services (the bancassurance channel of Qatar Insurance Company) at competitive rates as low as 2.25 percent with QR500 deductible; and the ability to pay for the additional costs associated with buying a vehicle using a Commercial Bank Credit Card at ‘0.00’ per-cent for up to 24 months.
Commercial Bank con-tinues to put customers first by providing fast approvals with competitive, affordable rates on Personal and Vehicle Loans. Commercial Bank rec-ognises this important time when people begin to plan for the New Year, and the cam-paign comes at an opportune moment to assist those who wish to finance their personal needs or purchase a car.
QNB and MetLife reveal Bancassurance products
Participants at the event.
Commercial Bank offers special loans
The Peninsula
GE Energy Connec-tions is setting a new benchmark in local-ised provision of power solutions
with a contract to support the power supply of Qatar’s future smart city, the Lusail City mega-development that will also be the host venue of Qatar 2022 FIFA World Cup.
GE Energy Connections’ Grid Solutions business has won the contract from L&T for Lusail City, to support seven 66/11kV substations with advanced pro-tection and automation systems. The project will support the electricity needs for nearly 450,000 people who are expected to take up residence in Lusail City, which is envisaged to have marinas, residential dis-tricts, island resorts, commercial districts, luxury shopping, lei-sure and entertainment centers and a golf course community in the man-made islands.
The Lusail Iconic Stadium, with a capacity of over 80,000 people, and set to host the open-ing and final matches of the Qatar 2022 FIFA World Cup is also part of this master-planned mega-development.
In a significant first, GE is providing both the main relays marking the exclusive provision of all protection equipment for the substations. In addition, more than 400 protection pan-els and the full DS Agile substation automation system for the seven substations are provided by Grid Solutions.
Essa M. Kaldari, Chief Exec-utive Officer of Lusail Real Estate Development Company, said: “Lusail City is the smart city of the future that reflects the Qatar National Vision 2030 to drive economic diversification. As the home venue of the Qatar 2022 FIFA World Cup, the mega-development is setting new benchmarks in infrastruc-ture and amenities. With its proven expertise in supporting Qatar’s power sector, GE serves as an ideal partner to drive the electricity infrastructure for the development.”
Mohammed Mohaisen, Pres-ident & CEO Grid Solutions, Middle East and Central Asia,
said: “The contract for Lusail City marks a first for GE in the country as we provide an inte-grated protection and automation solution that is com-pletely equipped by GE and designed locally by our Qatar-based Grid Solutions team. GEhas been a partner for the 2006 Asian Games, and now with our project for Lusail City, we are bringing our competen-cies to support another sporting spectacle hosted by the coun-try. We will draw on our industrial Internet strengths to deliver high levels of efficiency to the substations through a d v a n c e d a u t o m a t e d solutions.”
The seven substations in Lusail City protected and auto-mated by GE are located in Qetafian Island South, West1, West2, Wadi1, Wadi2, North and Marina. The panels are sched-uled for supply by April 2017 and all the seven substations will be energised by the end of next year.
The advanced grid technol-ogy will be showcased by GE at its booth G2 at the ongoing GCC Power Conference in Doha.
With over 70 years of active presence in the country, GE has been a trusted partner in the socio-economic growth story of Qatar and is a close partner of Kahramaa in developing the country’s power needs for gen-erations to come. Today, in line with the Qatar National Vision 2030, GE has expanded its busi-ness offerings, and has marked a global first with the introduc-tion of its Industrial Internet solutions for the LNG sector in the country through its partner-ship with RasGas.
To further support the grow-ing requirements of its relationship with GE, FTMC is inaugurating a new manufac-turing facility in Doha.
The 7,000 square meter plant will manufacture electri-cal equipment used in the protection and distribution of electricity in residential, com-mercial and industrial applications. It will also create up to 150 new jobs in the country.
GE to power up Qatar'sfuture smart city
Powering up
450,000
80,000
The project will support the electricity needs for nearly 450,000 people in Lusail City.
The Lusail Iconic Stadium, with a capacity of over 80,000 people, is also part of this mega-development.
The Peninsula
Qatar First Bank (QFB), a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock
Exchange (QSE), attended the invitation-only 9th Investment Advisory Council (IAC) meeting, which took place in Istanbul, Turkey.
The meeting, attended by QFB’s CEO, Ziad Makkawi, was chaired by Turkey’s Prime Min-ister Binali Yildirim. Top Turkish government officials, represent-atives from 20 global companies as well as the major Business Associations shared their exper-tise and discussed ways of strengthening the competitive-ness of Turkey’s investment climate.
The Investment Advisory Council meeting is aimed at improving Turkey's investment environment and attracting for-eign investors to the country.
Commenting on QFB partic-ipation, Abdulla bin Fahad bin Ghorab Al Marri, Chairman of QFB, said: “The IAC meetings are setting the roadmap to strength-ening the competitiveness of Turkey’s investment climate. Allowing the participation of leading intuitions from across
the region, reflects a country’s bold behaviour towards achiev-ing a quantum leap in its successful journey on both eco-nomic and developmental levels. IAC meetings will promote an exchange of foreign investments from Qatar and the region to Turkey.”
Al Marri added: “QFB is proud to be invited to this meet-ing, and we are confident that our business platform and com-petences in the Shari’ah compliant finance arena is a key to accelerate the execution of building a prosperous economy.”
Speaking at the meeting, Makkawi said: “Leaders of Tur-key have continually shown their commitment and dedication to
maintain and develop a healthy business climate, supported by a clear communication strategy and engagement with the inter-national investor community.”
“As a long standing and com-mitted investor in Turkey we feel encouraged by these type of ini-tiatives that help to align perceptions with reality in terms of the Turkish economic and political environment. QFB has invested in Turkish companies in both the Health Care and Retail sectors, the companies we have invested in past are gener-ating some USD300MM in Revenues and have created over 5000 jobs. We believe that QFB can serve as a bridge between Turkey, Qatar and the broader GCC in terms of two way invest-ment and business flows”, Makkawi added.
Giving the message that his government is ready to ease the way for new investments Tur-key, Prime Minister Yildirim stressed that the aim for next year is to be a year of investment flows as he addressed at the IAC meeting.
Prime Minister Yildirim added that Turkey will review what it can do in order to create a more available investment environment and turn the coun-try into an attraction center for global investors along with the suggestions and demands we will hear. He also thanked QFB for its ongoing support and com-mitment and encouraged further engagement and business relations.
Deputy Prime Ministers Mehmet Simsek and Nurettin Canikli, Economy Minister Nihat
Zeybekci, Finance Minister Naci Agbal, Energy and Natural Resources Minister Berat Albayrak, Development Minis-ter Lütfi Elvan also attended the meeting.
Senior executives from the world's leading groups, includ-ing the World Bank Group's Vice President Cyril Muller, Alstom's CEO Henri Poupart-Lafarge, CEO of Alzahid Group Holding Abdul Rahman Al Zahid, APM Termi-nals' Senior Vice President Teimen Meester, Bank of China's Senior Vice President Qiang Liu, Bombardier's President Laurent Troger, CEO of British Petroleum Tufan Erginbilgiç, CEO of Bur-gan Bank Eduardo Eguren attended the event..
As a leading listed entity on the Qatar Stock Exchange, QFB can serve as a trusted advisor and gateway for investors inter-ested to tap into innovative, shari’ah-compliant, financial solutions and investment oppor-tunities in both Qatar and Turkey. QFB has the compe-tences and capabilities to offer high-net-worth individuals and corporates an attractive range financial products and services focused on private equity and real estate, private banking and wealth management, as well as corporate and institutional bank-ing, Makkawi said.
QFB attends IAC meet in IstanbulEyeing investment
The meet aimed at improving Turkey's investment environment and attracting foreign investors to Turkey.
Turkey Prime Minister Yildirim stressed that the aim for next year is to be a year of investment flows.
Abdulla bin Fahad bin Ghorab Al Marri, Chairman of QFB (left) and Ziad Makkawi, CEO of QFB.
An artist's impression of the night view of the Lusail City.
Kuwait
Reuters
Kuwait plans to offer 3bn dinars ($9.91bn) in bonds to international investors early next year, the Kuwaiti Finance Minister said yesterday. Anas Al Saleh said that
Kuwait’s public debt stood at 2.967bn dinars on October 19, while new domestic debt issues from April 1 to October 19 reached 1.38bin dinars.
Saleh added, “That will be at the beginning of next year, God willing. We have (previously) announced at the National Assembly that the issue will be worth around 3bn dinars.”
He added that preparations with international banks were underway regarding the bond sale. He did not elaborate.
Kuwait to offer $9.91bn inbonds to global investors
23WEDNESDAY 9 NOVEMBER 2016 BUSINESS
The Peninsula
ACCA (Association for Chartered Certified Accountants) Middle
East held an event in Doha recently and it was attended by over 100 students pursuing the ACCA qualification.
The ACCA Head of Educa-tion, Fazeela Gopalani, shared with the guests best study prac-tice tips and techniques, along with providing insight into mind mapping principles as the students continue their jour-neys to become leading accounting and finance profes-sionals in Qatar. Ben Ewbank, Director, Michael Page also shared valuable tips on CV writing and interviewing skills.
Top ACCA student achiev-ers were honoured at the event.Qatari Nationals, Abdullah Al Jaidah, who is ACCA qualified and the Aviation Manager (Finance)in Qatar Airways; and Yousef Al-Naama, a top ACCA student achiever, working at Qatargas delivered speech.
Abdullah Al Jaidah com-mented: “I am proud to have successfully achieved this glo-bally recognised professional qualification. It was very diffi-cult as ACCA demands very high standards but I did not give up even though I faced repeated failures at times. It only strengthened my poten-tial and helped me progress well in my career. My message to all students is to continue working hard as it will equip you better in staying ahead of the competition world wide."
Commenting on Yousef’s noteworthy achievement, Mani Atwal, Ventures Controller, Qatargas said: “Qatargas is delighted to see that Yousef’s hard work and commitment has won him well-earned
recognition by ACCA. We are very pleased to support tal-ented individuals like Yousef develop business-relevant skills which position them for exciting careers within the Company. At Qatargas, we are committed to developing National talent in line with our values of retaining and devel-oping our expertise through a high calibre, motivated workforce.”
Lindsay Degouve de Nuncques, head of ACCA Mid-dle East said:
“The accounting profession across the region continues to play a strategic role in devel-oping the economy, supporting diversification and as a result, supporting long term growth. At ACCA, we are delighted to be recognising our students in Qatar who have shown real drive, resulting in achieving
some extremely high marks. Alongside this, achieve-
ments by Abdulla Al Jaidah and Yusuf Al Naama proves to be real inspiring example for our students in Qatar.
ACCA builds lifelong rela-tionships through programmes designed to suit the varying needs of students such as Yusuf - supporting them at all stages of their careers.
Our modern approach and our established reputation mean that we create a world of opportunity for learning and advancement not only globally, but in Qatar too.”
As the future of accounting continues to evolve both regionally and in Qatar, people like them are paving the way for both the next generation and the professional account-ants of the future in Qatar and across the region.
ACCA ME honours Qatari topper
Abdullah Al Jaidah (right), ACCA member, honouring Yusef Al Naama at the event, while Fazeela Gopalani, ACCA Head of Education, looks on.
The Peninsula
Nakilat is showcasing its maritime exper-tise at the ‘Made in Qatar’ exhibition in Riyadh, which was
started on Sunday and will con-tinue till today. This is the first time the Qatari shipping com-pany is participating in the event, as an exhibitor and one of the key event sponsors. “Made in Qatar” aims to enhance devel-opment of the local industry sector by promoting bilateral trade between Qatar and regional markets.
Now in its fifth cycle, the exhibition organised by Qatar Chamber of Commerce features various companies from across industries in Qatar, with a focus
on promoting Qatari-manufac-tured goods to the extensive Saudi market.
Nakilat Managing Director Eng. Abdullah Fadhalah Al Sulaiti said, “Nakilat is proud to be part of the first international edition
of this event as it presents us with an excellent platform to promote our spectrum of serv-ices to the wider regional market. We look forward to developing stronger relations in the region and further our vision to be a global leader and pro-vider of choice for energy transportation and maritime services, in line with the aims of National Vision 2030.” Via its joint-ventures, Nakilat-Keppel Offshore & Marine (N-KOM) and Nakilat Damen Shipyards Qatar (NDSQ), Nakilat offers a compre-hensive range of ship repair and construction services for a vari-ety of marine and offshore vessels at the world-class Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Indus-trial City, strategically situated at the heart of the Arabian Gulf.
Nakilat showcases maritime expertise
Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada, with the Nakilat officials during 'Made in Qatar' exhibition, in Riyadh.
Made in Qatar expo
It aims development of the local industry sector by promoting bilateral trade between Qatar and regional markets.
It focuses on promoting Qatari-manufactured goods to the extensive Saudi market.
24 WEDNESDAY 9 NOVEMBER 2016 BUSINESS
Indonesia's real GDP to touch 5.5% in 2017-18The Peninsula
Real GDP growth of Indonesia is expected to pick up from 4.9 percent in 2016 to 5.5 percent in 2017-18 on
reforms to encourage invest-ment, a recovery in commodity prices and lower interest rates.
The GDP growth is expected to slow in the second half of 2016 from 5 percent in the first half as weak revenue and a ceiling on the budget deficit are likely to force the government to rein in spending, said QNB in its report yesterday.
“In 2017-18, we expect growth to pick up to 5.5 percent in both years for a number of reasons,” QNB noted in the report. “First, recent reforms to encourage foreign and private sector investment should push growth higher. Second, as Indo-nesia is a net exporter of commodities, a recovery in com-modity prices should boost incomes, spending and growth. Third, BI (Bank Indonesia)
interest rate cuts carried out in 2016 should raise growth in 2017 given the lag in the effect of monetary policy,” it said.
According to the report, higher inflation may drag on growth, but not enough to offset the positive factors. The external sector remains a risk as the slowdown in China will continue to erode demand for Indonesia’s exports and tighter monetary
policy in the US could lead to capital flight from Indonesia.
As Indonesia is a net importer of oil, its current account should deteriorate slightly with the expected rise in oil prices. Higher prices of other commodities are unlikely to be sufficient to completely offset this as the increase in the price of oil is expected to be larger than the increase in prices of other commodities.
Additionally, the expected pickup in GDP growth in Indonesia is projected to drive demand for imports while external demand for Indonesia’s exports continues to be relatively constrained by the slowdown in China.
“The current account deficit is expected to narrow in 2016 (1.9 percent of GDP) due to lower oil prices, but then widen in 2017 (2 percent) and 2018 (2.1 percent) as oil prices rise and growth in Indonesia picks up, leading to higher imports,” said QNB. “We expect inflows of capital to be sufficiently large to cover the
current account deficit during 2016-18,” said the report.
Rising growth and progress on the infrastructure investment programme should sustain investor confidence in Indonesia.
The overall balance of pay-ments is, therefore, expected to be in surplus. As a result, inter-national reserves are likely to rise in nominal terms, but fall in terms of months of import cover from 7.5 months in 2016 to 6.7
months in 2018, due to relatively strong growth in imports.
The exchange rate is pro-jected to moderately weaken against the US dollar, by around 1 percent each year due to the current account deficit and as BI continues to accumulate inter-national reserves.
The report expects inflation to stabilise in 2016 and then to reverse course in 2017, rising to 6.1 percent as various inflation-ary factors coincide.
Paris
AFP
Global steel giant Arcelor-Mittal said yesterday it earned a net profit of
$700m during last quarter, but warned low prices in the United States and rising input costs would squeeze future earnings.
Despite intense competition from Chinese competitors, a
modest recovery of prices had helped the company bounce strongly back into profitability in the second quarter with $1.1bn in net earnings.
Seasonally lower shipments and execeptional items in the second quarter meant sales dipped slightly in the third quarter to $14.5bn. However, operating profits increased from the previous quarter by 7 percent to $1.9bn.
The Peninsula
Vodafone Qatar’s Earnings Before Interest, Taxes, Depreciation, and Amor-
tization (EBITDA) grew 37 percent to QR137m in second quarter 2016 compared to QR36m same quarter last year while distributable profits came at QR37m.
“The objective of the com-pany is to improve the quality of everything we do and that includes our Financial Results. Under the leadership of our Chairman, Abdullah Al Misnad
we are pleased with the progress of the Company’s recovery. 2015 was a difficult year and perform-ance has improved from a low base,” said Ian Gray (pictured), Chief Executive Officer, Voda-fone Qatar.
“The business has delivered significant and sustained improvements in network qual-ity, customer service and expanded our range of innova-tive products in the market place. We remain optimistic about the outlook for the Com-pany,” he said. " In addition to the significant enhancements
undertaken, we have ceased activities and selling products which generated little or no margin," he added. “Total reve-nue for the quarter was QR
499m flat QoQ and down 5.4 percent from last year primarily due to conscious decision to move way from low margin business and reduction in regu-lated telecom rates. Despite this, our underlying service revenue grew 3.1 percent year on year.
"We intend to continue with our current strategy, building on our international reputation through quality, expanding from our core mobile strength and further investing in fixed line activities (which already account for 29 percent of sales to busi-nesses).” he added.
NATIONAL Bank of Oman (NBO) is in talks with banks with a view to issuing an inter-national bond early next year, banking sources said yester-day.
The Omani lender raised $600m in debt in a Euro Medium Term Note (EMTN) programme through a five-year $500m bond in 2014 and a $100m tap of that same bond in 2016. Under a tap, an issuer offers a new bond which has the same documentation as an exist-ing deal.
Two bankers active in international debt markets said they expected NBO to issue a new bond in the first quarter of 2017.
NBO chief executive Ahmed al-Musalmi said no specific timeline has been set for future issues under the EMTN programme, for which shareholders approved an increase to $1.5bn last year.
Growth ahead
4.9%
4.8%
Real GDP growth of Indonesian economy in 2016.
Real GDP growth of Indonesian economy in 2015.
Vodafone Qatar sees marked improvement in Q2 ArcelorMittal's net profit at $700m
National Bank of Oman plans bond early next year
25WEDNESDAY 9 NOVEMBER 2016 BUSINESS
US states join Dow-DuPont merger probeWashington
Reuters
US state attorneys general have joined a federal antitrust probe of the planned merger
between DuPont (DD.N) and Dow Chemical Co (DOW.N), according to three people famil-iar with the matter, heightening risks to a deal that could help reshape the global farm industry.
A separate group of state attorneys general are expected to join a probe of Bayer AG's $66 bn plan to buy Monsanto Co , one
of the sources said.The involvement of the state
attorneys general increases scru-tiny of the mega deals and will complicate what are already expected to be tough and lengthy reviews by US antitrust enforc-ers. US state attorneys general have joined a federal antitrust probe of the planned merger between DuPont and Dow Chemical Co , according to three people familiar with the matter, heightening risks to a deal that could help reshape the global farm industry.
A separate group of state attorneys general are expected to join a probe of Bayer AG's $66 bn plan to buy Monsanto Co , one
of the sources said.The involvement of the state
attorneys general increases scru-tiny of the mega deals and will complicate what are already expected to be tough and lengthy reviews by US antitrust enforc-ers.About seven states, including California, have joined the probe
of Dow's planned merger with DuPont, according to two peo-ple familiar with the matter. It was not yet clear how many states would join the Bayer-Monsanto merger investigation, one source said.
The states are concerned that the companies may raise
pesticide and herbicide prices for farmers following a merger, and have less incentive to com-pete to introduce better and cheaper products, two of the sources said.
The sources asked not to be named because they were not authorized to speak with the media. DuPont and Dow said in separate statements they
expected to win approval for their deal. "In the US we are working constructively with fed-eral and state regulatory authorities, elected officials and all agriculture stakeholders to show the pro-competitive ben-efits of the merger," the companies said.
News Corp posts quarterly lossBengaluru
Reuters
News Corp , the owner of the Wall Street Journal, Dow Jones Newswires
and book publisher HarperCol-lins, reported a quarterly loss as it struggles to cope with a decline in newspaper advertis-ing sales.
The company, controlled by media mogul Rupert Murdoch, (pictured) has been reducing staff and implementing other cost-cutting measures in its Dow Jones division, which includes the Journal, while building up its digital real estate business.
Revenue in the company's news and information division, which accounts for about two-thirds of total revenue, fell 5.3 percent to $1.22bn in its first fis-cal quarter ended September 30. Advertising revenue fell 11 per-cent. News Corp is not alone in its struggle to arrest a decline in print advertising.
New York Times Co reported a nearly 20 percent drop in print ad revenue in the latest quarter, while USA Today publisher Gannett Co Inc (GCI.N) reported a decline of about 15 percent.
Spending on newspaper advertising in the United States is expected to fall 11 percent this year to about $12bn, according to media research firm Magna Intelligence.
However, News Corp said revenue in its rapidly growing digital real-estate unit jumped 18.3 percent to $226m.
Momentum in the business is expected to accelerate this year, Chief Executive Robert Thomson said in a statement.
The business includes REA Group Ltd, a leading real estate advertising company in Aus-tralia, and Move Inc, which operates Realtor.com in the United States and other
countries. Revenue from the company's book publishing business fell 4.9 percent to $389m, compared with the year-ago quarter, which gained from the release of Harper Lee's "Go Set a Watchman".
The company, whose news-papers include the New York Post, the Times in London and the Australian, said its revenue fell to $1.97bn from $2.01bn a year earlier.
News Corp's net loss attrib-utable to shareholders was $15m, or 3 cents per share, com-pared with a profit of $175m, or 30 cents per share, a year earlier.
Wal-Mart Pay in talks with mobile wallet firmsChicago
Reuters
Wal-Mart Stores Inc is in talks with several mobile wallet com-
panies to offer more payment options in its Wal-Mart Pay app, an executive at the world's larg-est retailer said, after signing up JPMorgan Chase & Co last week.
Starting next year, Chase Pay will become the first third-party digital wallet on Wal-Mart's website and app, they said on Thursday. Custom-ers can pay within the app with any major credit, debit, pre-paid or Walmart gift card.
Daniel Eckert, senior vice-president of services at Wal-Mart US, said in an inter-view late on Friday that the retailer would tweak its mar-keting for the app after the most frequent users turned out to be Gen X customers, born from 1965 to 1967, and baby boom-ers born from 1946 to 1964.
"The target demographic dur-ing the launch of a technology product tends to be younger, more male, so we have had that target market in mind," Eckert said.
US mobile payments accounted for an estimated $67 bn in 2015, and are expected to grow this year to $83bn, or 24 percent of all purchases made via smartphones, according to the latest Forrester Research data. Apple Inc's Apple Pay or Alphabet Inc's Android Pay are the most popular digital wallets, and US retailers have launched many mobile payment apps in the last two years. He declined to give the overall number of users who use Wal-Mart Pay.
Wal-Mart leads a consor-tium of US retailers developing a mobile wallet app called Cur-rentC. The group, which includes Target Corp and Best Buy Co Inc , said earlier this year it would delay launching the app after the project hit sev-eral roadblocks.
World's richest people add $35bn in wealth after market surgeNew York Bloomberg
The world’s wealthiest peo-ple became $35.4bn richer Monday morning as stock
markets rallied on mounting speculation that Hillary Clinton will be elected US president over billionaire rival Donald Trump. Their combined net worth on the Bloomberg Billionaires Index rose 0.8 percent from Friday to $4.4 trillion at the close of trad-ing in New York. Global stocks and commodities rallied as investors wagered the FBI’s lat-est determination that Clinton’s handling of e-mails wasn’t a crime has boosted her chances of becoming the 45th
president. US billionaires prefer a Clin-
ton presidency, as measured by their donations to the two can-didates, with 17 of the country’s
richest people contributing to the Democratic nominee, according to data compiled by Bloomberg. "The market’s per-ception is that a Clinton presidency will be similar to the last eight years in terms of reg-ulatory action and the amount of change in the economy will be less than under a Trump pres-idency," said Robert Lutts, chief investment officer of Cabot Wealth Management Inc. in Salem, Massachusetts.
US billionaires account for one-third of the Bloomberg wealth ranking and had the big-gest gains among the group, adding $22bn. Amazon.com Inc. founder Jeff Bezos, ranked No. 3 in the world.
Dollar steady in Asia as markets bet on US presidential voteTokyo
Reuters
The dollar steadied in Asia yesterday, keeping previ-ous session gains as
markets wagered on a victory for Hillary Clinton in the US presi-dential election after the FBI cleared her of any wrongdoing in its latest probe of her use of a private email server.
With hours to go before Americans vote, Democratic can-didate Clinton has about a 90 percent chance of defeating
Republican Donald Trump in the race for the White House, according to the final Reuters/Ipsos States of the Nation project.
Federal Bureau of Investigation Director James Comey said in a letter to Congress on Sunday that the agency's review of newly discovered emails did not find anything to warrant any criminal charges against Clinton.
The news prompted stock markets across the globe to rally on Monday, notching their biggest gains in weeks. Wall
Street had closed lower for nine days in a row through Friday, its longest losing streak in more than 35 years. The US dollar also perked up from its recent slump and gained against rivals. The greenback was steady against the perceived safe-haven yen at 104.44 JPY-, well above a one-month low of 102.54 yen plumbed on Thursday.
"I think most people are expecting Clinton to be the US president, as shown by the jump in the stock markets," said Kaneo Ogino, director at foreign
exchange research firm Global-info Co in Tokyo.
"The dollar/yen is firm, but on the upside, around 105 there are still some Japanese exporter orders," he said.
Finance Minister Taro Aso said yesterday that Japan would need to respond to currency market moves if results of the US presidential election were to cause a sudden spike in the yen, when asked about market spec-ulation that the safe-haven currency might spike on a Trump victory. "I won't comment on
results of other country's elections.
But if it were to affect cur-rencies, we would need to watch and respond, as stability in cur-rencies is always important," Aso told reporters after a cabinet meeting. The euro EUR was also steady against the dollar at $1.1040, well shy of its Friday peak of $1.1143, which was its highest since October 11.
The dollar struck recent lows on signs of a tightening race between Clinton - viewed as the status quo candidate by most
investors - and Trump, whose stated views on foreign policy, trade and immigration have raised fears about their poten-tial impact on global growth.
The dollar index .DXY, which tracks the US currency against a basket of six major currencies, stood at 97.753, well above Fri-day's low of 96.894, its lowest since October 10.
The dollar was also steady against the Mexican peso at 18.57. It tumbled 2.3 percent overnight against the peso, which is viewed as a proxy for US election bets.
Etihad to raise $1bn in planned sukuk debutDubai
Reuters
Etihad Airways plans to issue a debut US dollar-denominated benchmark
sukuk and will meet investors over the coming days to deter-mine its size, maturity or interest rate, sources said on Monday.
Investors said the planned Islamic bond, known as a sukuk, could be as large as $1bn, although one banker involved in the transaction said Etihad has given no specific indication of the size, maturity or timing of the Islamic bond sale.
HSBC, JP Morgan, National Bank of Abu Dhabi, Abu Dhabi
Islamic Bank, Dubai Islamic Bank and First Gulf Bank are the deal underwriters, accord-ing to an investor presentation dated November 3 which was seen by Reuters.
Etihad Airways, owned by the Government of Abu Dhabi, did not immediately respond to a request for comment on what would be its first Islamic bond targeted at international investors.
The airline, whose credit is rated A by Fitch, reported total revenues of about $9bn in 2015, according to the presentation. At the end of last year it had 121 aircraft and it plans to take delivery of a further 188 by 2026, it added.
TOYOTA said yesterday its April-September net profit dived 25 percent, hit by a sharp rally in the yen and as North American vehicle sales fell again, but it upgraded its full-year outlook.
The world's biggest vehicle maker reported a net profit of 946.1bn yen ($9.1bn) in the first half of its fiscal year, down from 1.25 trillion yen in the same period last year, while revenue slipped 7.2 percent to 13.07 trillion yen. However, the Japa-nese company boosted its full-year to March net profit forecast to 1.55trn yen from 1.45trn yen estimate.
C H I N A' S fore ig n exchange reserves dropped nearly $46bn in October, the central bank said, their second-largest decline this year as cap-ital outflows eat into the world's largest stockpile.
The country's hard currency reserves fell to $3.12 trillion last month, data from the People's Bank of China (PBoC) showed, their fourth con-secutive decline.
The figure was short of a median forecast of $3.13 trillion in a Bloomb-erg News survey, and analysts said a stronger dollar as well as continued capital outflows caused by declines in China's yuan currency were behind the decrease. The yuan has hit a series of six-year lows against the green-back in recent weeks with growing expectations of a Federal Reserve interest rate hike by the year's end helping to lift the US unit.
"The yuan was sprint-ing all the way to approach 6.8 in October, which may have prompted the PBOC to sell some reserves to sta-bilise the market," Gao Qi, a Singapore-based foreign-exchange strat-egist at Scotiabank, told Bloomberg.
"Capital outflows will continue, the only questions is how fast, and that depends on the dollar's move." Julian Evans-Pritchard of Cap-ital Economics said the decline "should not be as alarming as might first appear".
"Valuation effects due to last month's strength-ening of the US dollar and fall in global bond prices will have played a large part," he added.
NEWS BYTES
Toyota H1 profit dives 25% on strong yen
China's forex reserves tumble in October
Revenue
Revenue in the news and information division fell 5.3 percent to $1.22bn in its first fiscal quarter ended September.
The company reported a loss of 1 percent per share. Analysts expected a break even revenue.
Billionaires
US billionaires account for one-third of the Bloomberg wealth ranking and had the largest gains.
Their combined net worth on the Bloomberg Billionaires Index rose to 0.8%.
QATAR STOCK EXCHANGE
26 WEDNESDAY 9 NOVEMBER 2016 BUSINESS
INTERNATIONAL MARKETS - A LIST OF SHARES FROM THE WORLD
A C C-A/D 1502.15 15.7 14323
Aarti Drugs-B/D 629 -1.95 1134
Aban Offs-A/D 234.25 -5.8 259202
Ador Welding-B/D 302.45 -0.3 1132
Aegis Logis-B/D 151.5 -1.6 42898
Alembic-B/D 39.1 0 69776
Alkyl Amines-B/D 330 -4.65 3477
Alok Indus-A/D 3.19 -0.04 614670
Apollo Tyre-A/D 196.75 3.05 322448
Asahi I Glass-/D 200 7.05 97835
Ashok Leyland-/D 91.75 2.1 3183515
Bajaj Hold-A/D 2175 37.5 4417
Ballarpur In-B/D 16.77 -0.29 187632
Banaras Bead-B/D 44.5 1 1242
Bata India-A/D 463.25 1.8 19748
Beml Ltd-A/D 909.5 22.95 18817
Bh Electronic-/D 1316 10.45 12344
Bhansali Eng-T/D 25.6 0.3 343194
Bharat Bijle-B/D 845.85 -8.55 2047
Bharatgears-B/D 118.1 -4.85 8046
Bhartiya Int-B/D 562.85 -26.9 6821
Bhel-A/D 143.15 4 2498446
Bom.Burmah-B/D 561.5 -17.05 33808
Bombay Dyeing-/D 53.1 -2.65 741534
Camph.& All-B/D 701 -16.15 3404
Canfin Homes-B/D 1709.4 -18.35 2752
Caprihans-Xc/D 118 -3.6 15612
Castrol India-/D 433.95 -0.35 47665
Century Enka-B/D 313.1 -8.95 30180
Century Text-A/D 976.65 -0.1 91337
Chambal Fert-B/D 61.4 -1 76009
Chola Invest-A/D 1106.5 -17.35 3246
Chowgule St-T/D 13.4 -0.24 4076
Cimmco-B/D 69 -1.1 5781
Cipla-A/D 536.25 -9.5 127362
City Union Bk-/D 151.7 0.4 64905
Colgate-A/D 979.5 2.15 20579
Container Cor-/D 1372.25 0.25 5184
Dai-Tichi Kar-/D 546.4 13.15 2329
Dcm Financia-T/D 2.88 0.13 5376
Dcm Shram Ind-/D 222.8 2.85 6234
Dhampur Sugar-/D 119.4 1.85 70399
Dr. Reddy-A/D 3114.8 16.15 21546
E I H-B/D 107.35 -0.85 15882
E.I.D Parry-A/D 262.5 2 231593
Eicher Motor-A/D 24237.05 202.2 2185
Electrosteel-B/D 24.75 -0.15 84460
Emco-B/D 30.75 -0.4 41291
Escorts Fin-B/D 13.97 -0.82 76711
Escorts-A/D 347.35 -10.2 155910
Eveready Indu-/D 254.8 3.8 18863
F D C-B/D 216.5 -1 6440
Federal Bank-A/D 77.2 0 697256
Ferro Alloys-B/D 8.49 -0.44 80172
Finolex-A/D 442.75 -4.8 3895
Forbes-B/D 2485 -113.8 7223
Gail-A/D 438.85 12.55 119172
Galada Power-B/D 12.2 -0.51 8636
Gammon India-T/D 14.3 -0.15 35099
Garden P -B/D 31 -0.6 10414
Godfrey Phil-B/D 1343 -32.35 10208
Goodricke-B/D 211.1 -0.9 10533
Goodyear I -B/D 793.05 14.9 26918
Hcl Infosys-B/D 47.95 0 451348
Him.Fut.Comm-T/D 14.23 -0.24 522496
Himat Seide-B/D 283 -4.45 14383
Hind Motors-T/D 8.45 -0.11 252351
Hind Org Chem-/D 20.9 -0.3 59143
Hind Unilever-/D 839 0.85 43502
Hind.Petrol-A/D 452 7.25 90249
Hindalco-A/D 167.8 0.3 2506702
Hous Dev Fin-A/D 1388.75 9.3 201441
I F C I-A/D 24.65 0.1 602868
Idbi-A/D 69.8 -0.5 260121
Ifb Agro-B/D 428 -1.55 6550
Ifb Ind.Ltd.-B/D 489.6 13.65 4910
India Cement-A/D 155.4 3.8 181002
India Glycol-B/D 136.15 4.55 130452
Indian Card-B/D 247.55 6.55 1431
Indian Hotel-A/D 114.2 0.9 21735
Indo-Tcount-T/D 792.1 8.75 16202
Indusind-A/D 1223.9 9.8 20830
J.B.Chemical-B/D 352.5 -5.3 4507
Jagson Phar-B/D 38.15 -0.5 5000
Jamnaauto-B/D 216.8 0.95 49982
Jbf Indu-B/D 224.25 -1.4 9693
Jct Ltd-B/D 6.56 -0.25 545511
Jenson&Nich.-B/D 8.6 -0.27 6649
Jik Indust-T/D 0.76 -0.04 15000
Jindal Drill-B/D 182.25 -2.35 6039
Jktyre&Ind-A/D 142.25 2.9 295190
Jmc Projects-T/D 244 -2.45 5068
Kabra Extr-B/D 129.35 -0.7 4136
Kajaria Cer-A/D 599.85 -11.1 27670
Kakatiya Cem-B/D 353 -2.05 8881
Kalpat Power-B/D 244 -1.45 3776
Kalyani Stel-T/D 311.15 -0.35 36306
Kanoria Chem-B/D 81.25 -0.35 31748
Kg Denim-B/D 96.95 -0.35 28966
Kilburnengg-Xd/D 53.9 0.55 10940
Kinetic Eng-Xc/D 95 1.05 10842
Kopran-B/D 54.85 -0.6 66001
Lakshmi Elec-B/D 495 -16.9 3847
Lakshmi Mach-A/D 4100.25 -94.8 3625
Laxmi Prcisn-B/D 44.05 -0.95 1040
Lgb Broth-B/D 656.4 5.9 2967
Lloyd Metal-Xc/D 19.84 1.06 572439
Lumax Ind-B/D 910 6.35 1376
Lupin-A/D 1509.3 -10.1 105909
Lyka Labs-T/D 60.8 -2.5 11194
Mafatlal Ind-B/D 328.05 -11.05 5298
Mah.Seamless-B/D 247 -7 7324
Maha Scooter-B/D 1805.65 8.95 1561
Mangalam Cem-B/D 323.5 -2.2 1640
Maral Overs-B/D 31 -0.6 4930
Mastek-B/D 145.5 -2.95 43251
Max Financial-/D 565.1 13.6 13678
Mrpl-A/D 88.3 -0.7 454895
Nagreeka Ex-B/D 38.2 -0.85 4872
Nagreeka Ex-B/D 38.2 -0.85 4872
Nahar Spg.-B/D 126 -2.65 26389
Nation Alum -A/D 51.9 0.05 218954
Navneet Edu-B/D 101.35 -0.95 140561
Nepc India-T/D 1.7 -0.04 5601
Neuland Lab-B/D 1032.1 7.35 7909
Nrb Bearings-B/D 122.2 -2.15 2569
O N G C-A/D 270.8 3.45 342004
Ocl India-B/D 941.05 -22.1 2383
Oil Country-B/D 33.3 0.15 11691
Onward Tech-B/D 64.7 -0.25 13660
Orchid Pharm-B/D 31.15 -0.45 209478
Orient Hotel-T/D 25.95 -0.15 1026
Orient.Carb.-T/D 769.2 17.55 2703
Orient.Carb.-T/D 769.2 17.55 2703
Oudh Sugar-B/D 100.05 -0.4 14131
Punjab Chem.-B/D 196.15 -41.15 101155
Radico Khait-B/D 137.6 -3.65 77949
Rallis India-A/D 209.5 6.35 537149
Rallis India-A/D 209.5 6.35 537149
Reliance Indus/D 397 -0.4 26663
Ruchi Soya-B/D 23 0.3 47088
S Bk Bikaner-B/D 688 0.1 2376
Salora Inter-B/D 56.5 0 3411
Saur.Cem-B/D 70.3 -0.45 31639
Savita Oil-B/D 777.1 -12.75 2359
Sterling Tool-/D 986.8 70.5 20792
Tanfac Indust-/D 67.05 11.15 337320
Tanfac Indust-/D 67.05 11.15 337320
Thirumalai-B/D 860.35 -11.15 84127
Til Ltd.-T/D 284.95 -9.55 11420
Timexgroup-T/D 57.95 -0.9 45256
Tinplate-B/D 79.5 0.2 33668
Ucal Fuel-B/D 204.05 -2.95 62835
Ucal Fuel-B/D 204.05 -2.95 62835
Ultramarine-B/D 188.7 -0.9 9524
Unitech P -A/D 5.69 0.06 1807241
Univcable-B/D 82 -0.95 6883
Uppergsugar-T/D 328.95 -8.35 36095
3I Group/D 637 -3 420378
Assoc.Br.Foods/D 2622 133 1214960
Barclays/D 183.7 -1.5 9608850
Bp/D 454.15 0.7 5595019
Brit Am Tobacc/D 4566 21 828807
Bt Group/D 362.15 1.05 4502537
Centrica/D 211.88 2.8 4046883
Gkn/D 307.17 -2.1 746274
Hsbc Holdings/D 613.9 -8.4 13971999
Kingfisher/D 361.2 3.6 1582387
Land Secs Grou/D 993.5 -1.5 466500
Legal & Genera/D 212 -0.8 3491465
Lloyds Bnk Grp/D 55.956 -0.1 32642912
Marks & Sp./D 342.4 -6.6 8167156
Next/D 5005 17 185144
Pearson/D 736.5 4.5 553807
Prudential/D 1347.5 1.5 1255146
Rank Group/D 197.3 -3 27806
Rentokil Initi/D 223.9 1.1 856167
Rolls Royce Pl/D 724 0 482817
Rsa Insrance G/D 529.5 0 337604
Sainsbury(J)/D 254.1 -1.4 2177009
Schroders/D 2818 1 28503
Severn Trent/D 2252 21 99545
Smith&Nephew/D 1141 -3 500837
Smiths Group/D 1399 4 276726
Standrd Chart /D 643.2 -6 1475314
Tate & Lyle/D 748 -7 831693
Tesco/D 199.95 -0.25 4805887
Unilever/D 3374.28 13 489187
United Util Gr/D 922 7.5 243144
Vodafone Group/D 215.9 0 7444904
Whitbread/D 3545 -16 53570
COMPANY CLOSE NET VOLUME NAME CHG TRADED
COMPANY CLOSE NET VOLUME NAME CHG TRADED
COMPANY CLOSE NET VOLUME NAME CHG TRADED
COMPANY CLOSE NET VOLUME NAME CHG TRADED
COMPANY CLOSE NET VOLUME NAME CHG TRADED
LONDON
QE Index 9,985.26 0.21 %
QE Total Return Index 16,155.49 0.21 %
QE Al Rayan Islamic Index 3,666.66 0.19 %
QE All Share Index 2,752.72 0.08 %
QE All Share Banks &
Financial Services 2,805.83 0.07 %
QE All Share Industrials 3,020.39 0.37 %
QE All Share Transportation 2,396.08 0.39 %
QE All Share Real Estate 2,246.2 0.32 %
QE All Share Insurance 4,453.1 0.37 %
QE All Share Telecoms 1,133.44 0.61 %
QE All Share Consumer
Goods & Services 5,726.11 0.01 %
QE INDICES SUMMARY QE MARKET SUMMARY COMPARISON WORLD STOCK INDICES
GOLD AND SILVER
08-11-2016 Index 9,985.26
Change 21.24
% 0.21
YTD% 4.26
Volume 8,925,237
Value (QAR) 318,796,289.76
Trades 2,768
Up 16 | Down 20 | Unchanged 0307-11-2016 Index 9,964.02
Change 15.28
% 0.15
YTD% 4.46
Volume 10,668,655
Value (QAR) 481,553,886.53
Trades 4,616
GOLD QR150.7286 per grammeSILVER QR2.1524 per gramme
Index Day’s Close Pt Chg % Chg Year High Year LowAll Ordinaries 5342.224 11.304 0.21 5691.8 4762.1
Cac 40 Index/D 4461.63 0.42 0.01 4607.69 3892.46
Dj Indu Average 18259.6 371.32 2.08 18668.4 15450.6
Hang Seng Inde/D 22909.47 108.07 0.47 24364 18278.8
Iseq Overall/D 6092.24 62.48 1.04 6791.68 5286.65
Karachi 100 In/D 42113.91 -19.63 -0.05 42204.53 29785
Nikkei 225 Ind/D 17171.38 -5.83 -0.03 18951.12 14864.01
S&P 500 Index/D 2131.52 46.34 2.22 2193.81 1810.1
EXCHANGE RATECurrency Buying SellingUS$ QR 3.6305 QR 3.6500
UK QR 4.4910 QR 4.5541
Euro QR 3.9987 QR 4.0542
CA$ QR 2.6952 QR 2.7481
Swiss Fr QR 3.7064 QR 3.7614
Yen QR 0.0345 QR 00352
Aus$ QR 2.7783 QR 2.8329
Ind Re QR 0.0542 QR 0.0552
Pak Re QR 0.0345 QR 0.0352
Peso QR 0.0742 QR 0.0757
SL Re QR 0.0244 QR 0.0249
Taka QR 0.0459 QR 0.0469
Nep Re QR 0.0339 QR 0.0345
SA Rand QR 0.2696 QR 0.2751
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