Business

MPHC reports a net profit of QR585m 10 Aug 2023 - 08:35 am

Doha, Qatar: Mesaieed Petrochemical Holding Company (“MPHC” or “the Group”; QE ticker: MPHC), yesterday announced a net profit of QR585m for the six-month...

Expert sheds light on Qatar’s journey towards sustainability 10 Aug 2023 - 08:34 am

Doha, Qatar: In an interview, Bassam Hajhamad, Qatar Country Senior Partner and Consulting Lead at PwC Middle East, sheds light on the intricate...

QSE index up 0.28% 10 Aug 2023 - 08:33 am

Doha, Qatar: The general index of the Qatar Stock Exchange (QSE) closed yesterday up by 30.420 points, or 0.280 percent, to reach 10,716.45...

Lesha Bank reports QAR 44.7 million profit in the first half of 2023 10 Aug 2023 - 08:25 am

Doha, Qatar: Lesha Bank LLC (Public) (the “Bank” or ’Lesha Bank’) today announced its financial performance for the six-month period ending on 30...

CBFS earns dual recognition for innovation and growth 10 Aug 2023 - 08:23 am

Doha, Qatar: Commercial Bank Financial Services LLC. (CBFS), a fully owned subsidiary company of Commercial Bank Group, has been recognized with two prestigious...

UDC receives Communitas Award and SEAL Business Sustainability Award 10 Aug 2023 - 08:19 am

Doha, Qatar: United Development Company (UDC), the master developer of The Pearl Island and Gewan Island, has been announced winner of the Communitas...

Qatar’s office market witnesses increased demand in Q2 2023 10 Aug 2023 - 08:17 am

Doha, Qatar: With the launch of three major projects, notably in Energy City and Burj Al Mana in the West Bay area, office...

Sony hikes forecasts on strong music business 09 Aug 2023 - 01:09 pm

Tokyo: Japanese electronics giant Sony on Wednesday upgraded its annual sales and net profit forecasts, driven by strength in its music business and...

Industries Qatar posts a net profit of QR2.1bn 09 Aug 2023 - 08:23 am

Doha, Qatar:Industries Qatar (“IQ” or “the Group”; QE Ticker: IQCD), yesterday reported a net profit of QR2.1bn for the six-month period ended 30...

Retail rental rates to decline in 2023 09 Aug 2023 - 08:19 am

Doha, Qatar: Qatar’s retail industry anticipates a decrease in rental rates in the forthcoming quarters of the year, stated ValuStrat in its recent...

QIB introduces new features to its mobile application 09 Aug 2023 - 08:16 am

Doha, Qatar:Qatar Islamic Bank (QIB), Qatar’s leading digital bank, announced the launch of new features on its Mobile App as part of its...

Adani Enterprises weighs exiting $6 billion Wilmar venture 08 Aug 2023 - 08:20 pm

Adani Enterprises Ltd. is exploring selling its stake in its Mumbai-listed consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their...

Wall Street WhatsApp, text-message fines exceed $2.5 billion 08 Aug 2023 - 08:04 pm

Wells Fargo & Co. and BNP Paribas SA are among firms that will pay hundreds of millions of dollars in penalties for employees...

BioNTech drops on Covid shot maker’s first loss since 2020 08 Aug 2023 - 12:03 pm

BioNTech SE plunged in US trading after the German biotech reported its first loss since 2020 due to lower demand for the Covid-19...

Milaha reports QR648m in net profit 08 Aug 2023 - 08:37 am

Doha, Qatar: Qatar Navigation Q.P.S.C. (“Milaha”) yesterday announced its financial results for the six months ended June 30, 2023. Key financial highlights includes...

QCB foreign reserves surge by 13.13 percent in July 08 Aug 2023 - 08:35 am

Doha, Qatar: International reserves and foreign currency liquidity of Qatar Central Bank (QCB) jumped last July to reach QR241.572bn, an increase of 13.13...

QEWC achieves net profit of QR769m in H1 2023 08 Aug 2023 - 08:34 am

Doha, Qatar: Under the chairmanship of H E Saad Sherida Al Kaabi, Minister of State for Energy Affairs, yesterday, the Board of Directors...

‘Hospitality sector witnesses promising growth’ 08 Aug 2023 - 08:31 am

Doha, Qatar: The hospitality market in the country shows “promising growth” with a significant increase of 206 percent in visitors during the first...