Dubai’s index slipped 0.7 per cent as property stocks retreated.
Trading in Arabtec’s shares were suspended following media reports of Aabar increasing its stake in the company.
The Abu Dhabi state fund is looking to raise its stake in Arabtec to almost 30 per cent to become the major stakeholder, a source said.
The bank made a quarterly profit of OMR46.6 million ($121 million) in the second quarter compared to OMR38.1 million in the corresponding period of 2013.
The bank made QAR388 million ($107 million) in the second quarter, up from QAR353 million in the same period of 2013.
The company made a net loss of SAR329 million ($87.7 million) in the three months to June 30, according to a bourse filing.
The company made a net profit in the three months to June 30 of SAR513.3 million ($136.9 million), compared with SAR387.8 million in the same period a year earlier.
The former monopoly made a net profit of KD59 million ($209 million) in the three months to June 30.
Direct world cup spending is estimated to be $16 billion, which is 7.5 per cent of Qatar’s GDP, says report by Bank of America Merrill Lynch.
Net profit climbed to KD60.9 million ($215.8 million) in the three months to June 30 from KD47.2 million a year earlier.
The company made a net profit of QAR238.6 million ($65.6 million) in the three months to June 30.
Cash divident is lower than the SAR1.70 per share which the firm paid for the corresponding period of 2013.
Masraf said the sale price would be QAR1.53 billion ($420.3 million), which would generate a gain of QAR466 million for the bank spread over three years.
The miner made a net SAR370.8 million ($98.9 million) in the three months to June 30, compared with 40.98 million in the year-earlier period.
The bank has proposed paying SAR1 ($0.27) per share for the six-month period to June 30.
Net profit for the three months to the end of June was KD6.87 million.
The new five-year facility is split between a $2.39 billion conventional loan and a $610 million sharia-compliant tranche.
Investment banking fees in the region reached $237.9 million in the second quarter of this year, a new report finds.
Islamic lender Masraf Al Rayan did not disclose the sale price or other details of its recent sale of Seef Lusail Real Estate Development Co.
The state-run utility made a profit of QAR417 million ($115 million) in the three months to June 30 compared to QAR436 million in the prior-year period.
Net profit in the three months to June 30 jumped to Dhs6.2 million ($1.7 million) from Dhs1.3 million a year earlier.
QFC Authority said Al-Thani would help it strengthen its business environment for domestic and foreign firms.
The firm made a net profit of SAR288 million ($76.8 million) in the second quarter, compared with SAR307 million in the corresponding period of 2013.
The settlement, signed over the weekend, caps months of negotiations.
The Islamic lender made a net profit of $107 million during the three months to June 30.
Abraaj’s investment will help increase patient capacity, add new services and ramp up human resource training in the hospital.
The majority of high net worth business owners prefer consulting lawyers and accountants over their private banks for planning their wealth transfer to their successors, a new study finds.
The firm made a net profit of SAR613 million ($163.5 million) in the second quarter compared with SAR670.5 million in the same period of 2013.
The Qatari lender said it had agreed to sell its 50 per cent stake in Seef Lusail Real Estate Development.
Policymaking complacency and the launch of larges scale projects such as Mall of the World could lead to property bubble, finds report by the Bank of America Merrill Lynch.