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Top 10 GCC Cities ●●● and Real Estate Leaders Achievements 2011
    • Yearl Membership

    • Business and finance group launches Top 10 GCC Cities project about real estate leadership and achievements. The launch of this media and economic project comes to cover
    • Economic Accomplishments

    • This event is regarded as the first joint economic Gulf grouping between the performances of the secretariats and municipals of the Top 10 GCC Cities.t
    • Letters of the Strategic Support

    • Letter of Ministry of Municipal and Rural Affairs Letter of Jeddah Municipality Letter of Jeddah Municipality 2 Letter of Holy Capital Letter of Eastern Province Municipality
    • Program Features and Activities

    • This program is the first and largest specialized event which highlights the main accomplishments and those being implemented in the top (10) ten GCC Cities
    • Unlimited Investments

    • The Board of Directors of the Business and Finance Group expresses to you its regards and wish you further progress and prosperity, and we are pleased
    • Registeration Application

    • The Business & Finance Group is pleased to invite you to participate in the Forum & Ceremony of Real Estate Leaderships and Accomplishments of GCC Cities under the sponsorship of Jeddah
    • Electronic Information Center

    • Info ME Information Center electronic specialist section in queries with regard to electronic companies, sectors and information about companies, you can ask a question and be
    • Program of Advertising Participant

    • The Group has allocated an extensive media coverage for all the audio, visual and text media in order to deliver the information needed locally, regionally and internationally
    • Sponsorship Category

    • includes the publishing of (10) issues, where an issue is published each month for each a city participating in this event, as per the rank of each Gulf city in this letter, and the issues are published monthly by the Business & Finance Club Magazine, which is one of the Group’s media activities
   
 

Industries Qatar Q2 net up 18pc

Business & Finance Club - Qatar : Petrochemicals and metals company Industries Qatar raised its second-quarter net profit 17.6 percent, according to calculations, beating forecasts.

The Gulf's second-largest chemical producer by market value made a second-quarter net profit of 1.4 billion riyals ($384.7 million), based on calculations using earlier financial data.   

Analysts had expected an average quarterly profit of 1.16 billion riyals. Industries Qatar posted a net profit of 2.6 billion riyals in the first half of the year, a company statement said.

'After adjusting for the price difference claim against the government of 1.2 billion riyals, (half-year) net profits have increased year-on-year by a remarkable 80 percent,' the statement said without elaborating on the adjustment.
 

'The strong half-yearly net profits can be attributed principally to buoyant steel prices feeding through to good segmental profitability, with quarterly gross margins in the steel business reaching 41.5 percent,' it said.   

Industries Qatar is one of the regional petrochemicals companies that have struggled through the global economic downturn, although market fundamentals have shown signs of recovery since late last year.

Its main rival, Saudi Basic Industries Corp (Sabic), the world's top chemical company by market value, reported a 177 percent rise in second-quarter earnings as new output came online, but it missed analysts' forecasts after being hit by weak selling prices.

While Sabic is predominantly a petrochemicals producer, Industries Qatar produces fertilizers, petrochemicals and steel.

 

 
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