Saudi prince in bid to overturn US arrest warrant

A Saudi prince, convicted of killing a man while drink driving in 2002, wants a judge in the US to throw out an arrest warrant issued after he violated his probation. Bader Al Saud plead guilty to misdemeanor motor vehicle homicide in Massachusetts in 2005 after admitting killing Orlando Ramos while driving under the influence of alcohol, The Boston Herald reported. The Saudi royal served more than seven months in…

Qatar Airways to launch non-stop Tokyo flights

Qatar Airways said on Wednesday it will boost services to Japan to twice-daily with the introduction of non-stop flights to Tokyo. The new service will be launched on October 28, the airline said in a statement. Qatar Airways currently serves the Doha to Tokyo route daily via the Japanese city of Osaka. Qatar Airways launched flights to the Land of the Rising Sun in 2005 with Osaka becoming its first…

Qatar Airways sees no new plane orders at UK show

Qatar Airways said on Sunday it will unveil its new Boeing 787 Dreamliner for the first time at Farnborough International Air Show in the UK between July 9-15. The global reveal of the 787 by Qatar Airways, Boeing’s Middle East launch customer of the aircraft, will be a highlight at Farnborough with more than 120,000 visitors expected to flock to the week-long show. Qatar Airways will have its 787 on…

Qatari stock market bounces back

After falling to new 2012- lows last week, the Qatar Exchange 20 Index closed 0.31% higher at 8,276.62 Wednesday. Investors used the general relief at global markets after the Greek elections, which saw pro-Euro zone parties winning, and bought shares across the board. According to Deutsche Bank Research, "High Liquified Natural Gas (LNG) production should help maintain large fiscal and current account surpluses," adding in its Qatar Frontier Country report…

Qatar’s Aamal gains on joint venture with South Korea’s C&C Lightway

With the exception of the financial sector, Qatar-listed equities fell across the board Wednesday, pulling the QE 20 Index down by 0.35% to hit a 13-month low at 8,166.98 points. Shares of diversified conglomerate Aamal Company added 0.44% to reach QR15.87. Earlier in the day, Aamal said it signed a joint venture agreement with C&C Lightway from South Korea. "The joint venture will initially trade in, and distribute, LED (Light…

Qatar Exchange joins global rebound

The QE 20 Index closed one percent higher at 8,206.91. Share gained across the board as investors hailed the EU "breakthrough" and the sharp rise in oil prices. Electricity and Water added 0.23% to hit QR133. Doha Bank (up 185% at QR55) outperformed, while Qatar Oman (off 1.50%) and Al Meera (down 1.90% at QR162) were the sole losers.

Qatar economy grows 6.9%, helped by construction industry

Qatar's statistics authority has said the country's economy grew 6.9% year-on-year in inflation-adjusted terms in the first quarter, helped by a jump in the construction industry, Reuters has reported. Qatar also saw its real gross domestic product rising by 3.0% in January-March, compared with the previous three months, the Qatar Statistics Authority said citing preliminary data.