Industries Qatar

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Recent Articles

• Industries Qatar Q3 net profit down 54.6%14 October 2009

  Qatar's largest company by value made net profit of QR1.17bn in the third quarter.

• Industries Qatar Q2 profit down 55.6% YoY13 August 2009

  Industries Qatar makes a Q2 net profit of QR1.19bn ($327.1m), in line with analysts' forecasts.

• Lower prices hit Safco Q2 net profit11 July 2009

  UPDATE 2: Investors mark Saudi Fertilizers higher as divi payout exceeds earnings per share.

• Industries Qatar gets state nod for $319m settlement1 June 2009

  Qatar gov't okays money in settlement for steel prices cap to Gulf chemical producer.

• Gulf chemical firms due to write down $67.5m in Q1 200917 March 2009

  Price cuts for steel, billets and iron ore have left companies with higher inventory costs.

• Qatar index falls to new 5-year low1 March 2009

  Industries Qatar leads stock market to new 5-year low amid gloomier prognosis for global economy.

• Industries Qatar Q4 profit dives on petchem fall26 February 2009

  Weaker demand, lower prices hit second-largest Gulf chemical producer by market value.

• Qatar Steel halts all exports27 October 2008

  Unit of Industries Qatar says move follows 45% increase in local demand due to construction boom.

• Gulf firms seek $2.4bn for iron, steel projects17 October 2008

  Investors to fund iron and steel projects in Middle East to tap increasing demand.

• Qatar's largest company posts big Q3 profit rise13 October 2008

  Industries Qatar records net income of 7.2bn riyals for year up to Sept 30.

• Oman bourse biggest loser on eve of holy month31 August 2008

  Oman ends day two percent down as foreign institutions dominate trading.

• Qatar's u-turn over $2.1bn Mauritania stake24 August 2008

  Steel unit of Industries Qatar pulls out of project after country hit by political crisis.

• Industries Qatar sees profit more than double10 August 2008

  Gulf state's largest publicly traded company sees H1 income hit $1.26bn.

• Qatar Steel extends price freeze 15 June 2008

  Unit of state-controlled Industries Qatar to fix prices until end of September to curb inflation.

• Qatar looks to lure New York investors20 May 2008

  Nine Doha-listed companies showcase their wares to world's largest capital markets.

• Qatar Steel freezes prices to curb inflation 23 April 2008

  Skyrocketing prices of construction materials forces Industries Qatar to lock in prices.

• Industries Qatar posts fourth straight record profit 14 April 2008

  State-controlled conglomerate sees Q1 net income more than double to $522.4mn.

• Qatar Steel moving ahead with Mauritania plant13 April 2008

  $2.1bn iron ore plant to be built in Saharan state following completion of feasibility study.

• High prices to boost Qapco earnings27 February 2008

  State petrochemicals firm plans to raise production to capitalise on higher prices for products, GM says.

• Chemical makers see stock tumble on Sabic results21 January 2008

  Fears US economic slowdown will dampen demand sees Gulf stocks pummelled.

• Qatar buys into Mauritanian iron ore project4 November 2007

  Subsidiary of state-owned Industries Qatar acquires 49.9% of project for $375mn.

• Qatar Fertiliser ditches bond sale28 October 2007

  Unit of Industries Qatar drops plans to sell $1.2bn of bonds due to global credit crunch, report says.

• Industries Qatar cashes in on global demand10 October 2007

  Country's largest firm sees profit rise 39% in Q3 on sale of chemical and fertiliser products.

• Group seeks $1.2bn for steel plant9 October 2007

  Japan's Yamato Steel and Gulf consortium Foulth in talks with lenders to fund plant in Bahrain.

• Qatar to seal $1bn chemical plant deal26 September 2007

  Industries Qatar expects fertiliser unit to complete talks this month with Italy's Saipem.