Business

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...

Meta-backed Meesho becomes rare India startup to manage a profit 07 Aug 2023 - 12:56 pm

Meesho has become one of the few startups in India’s fledgling e-commerce industry to turn a profit, helped by cost cuts that included...

‘Investment in Qatar’s realty market a great strategic move’ 07 Aug 2023 - 08:16 am

Doha, Qatar:Investing in the real estate sector of the country is a “great strategic move” explained an industry expert highlighting the benefits for...

Dolphin Energy Limited issues 2022 sustainability report 07 Aug 2023 - 08:14 am

Doha, Qatar:Dolphin Energy Limited yesterday released details of its 14th sustainability report, covering the company’s operations and activities for 2022. The report was...

Non-energy growth remains strong in July 07 Aug 2023 - 08:09 am

Doha, Qatar: The latest Purchasing Managers’ Index (PMI) survey data from Qatar Financial Centre (QFC) indicated a positive start to the second half...

Baladna achieves revenue growth of 7% and net profit of QAR 42 million in H1 2023 07 Aug 2023 - 08:00 am

Doha, Qatar: Baladna Q.P.S.C. disclosed its H1 2023 financial results yesterday, covering the six months period ending 30 June 2023. The key performance...

Oil rises for sixth straight week as global supplies tighten 06 Aug 2023 - 08:57 am

Doha, Qatar:Oil prices rose more than a dollar a barrel on Friday to record a sixth consecutive week of gains, after top producers...

QIB grants cash prizes of QR8.5m to over 550 Misk account holders 06 Aug 2023 - 08:56 am

Doha, Qatar:Qatar Islamic Bank (QIB), the leading Islamic financial institution in Qatar, has awarded cash prizes of QR8.5m to over 550 winners in...

Where is US Federal Reserve heading? 06 Aug 2023 - 08:53 am

Doha, Qatar:The US Federal Reserve (Fed) has been on the move to revert a decade-long approach of ultra-easy monetary policy since March last...

Dukhan Bank announces five winners to receive 100,000 DAwards 06 Aug 2023 - 08:39 am

Doha, Qatar: Dukhan Bank has announced the names of the winners in the first draw of its Credit Card Spend Campaign for customers...

Qatar Airways Group investment portfolio in line with QNV 2030 06 Aug 2023 - 08:37 am

Doha, Qatar:Qatar Airways Group continued with its strategy to hold a portfolio of investments in leading global airlines. These investments contribute towards the...

Profits at Warren Buffett's firm reach $36B as stocks surge and its insurance holdings perform well 05 Aug 2023 - 08:03 pm

Omaha, Nebraska:Profits rebounded at Warren Buffett's conglomerate along with the value of its $353 billion stock portfolio in the second quarter to hit...