Business

US to award chipmaker Texas Instruments up to $1.6 bn 16 Aug 2024 - 12:30 pm

Washington: The US government said Friday it has signed a preliminary agreement with semiconductor manufacturer Texas Instruments to give the company up to...

Gold prices in Qatar rise by 0.88% during current week 16 Aug 2024 - 11:28 am

Doha: Gold prices in the Qatari market rose by 0.88 percent during the current week, reaching $2,452.93000 per ounce, according to the data...

'Expected rise in QSE index performance supported by companies’ results' 16 Aug 2024 - 10:51 am

Doha: The Qatar Stock Exchange (QSE) index ended the current week’s trading with an increase of 0.72 percent, gaining 72.460 points to its...

Es’hailSat, Algeria TV discuss joint initiatives in satellite services 16 Aug 2024 - 10:51 am

Doha: Es’hailSat, the Qatar Satellite Company, visited Algeria TV during the past week to discuss areas for potential collaboration on broadcasting of TV...

Soaring interest rates to bolster financial sector 16 Aug 2024 - 10:31 am

Doha: Qatar’s financial sectors will continue to witness significant net profits in the coming quarters due to increasing interest rates. A report by...

QEWC holds EGA meeting to approve interim dividend 16 Aug 2024 - 10:27 am

Doha: The Board of Directors of Qatar Electricity and Water Company Q.P.S.C (“QEWC”) announces its approval of the proposed distribution of interim cash...

Real Estate trading volume exceeds QR234 million in week 15 Aug 2024 - 06:06 pm

Doha: The volume of real estate trading in sales contracts at the Department of Real Estate Registration at the Ministry of Justice during...

Tech giant Alibaba's quarterly profit shrinks 29 percent on-year 15 Aug 2024 - 02:26 pm

Beijing: Chinese e-commerce giant Alibaba reported a 29 percent fall in quarterly profit on Thursday as it battles sluggish consumption during an economic...

QLM reports insurance revenue of QR574.4m in second quarter of 2024 15 Aug 2024 - 11:12 am

Doha: Qatar’s leading life and medical insurer, QLM Life & Medical Insurance Company QPSC (QSE: QLMI), reported its Q2 2024 performance results. The...

GIS reports net profit of QR356m in H1 2024 15 Aug 2024 - 11:00 am

Doha: Gulf International Services (“GIS” or “the Group”; QE ticker: GISS), yesterday reported a net profit of QR356m for the six-month period ended...

QIC Group reports net profits of QR360m in H1 2024 15 Aug 2024 - 10:54 am

Doha: Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the Middle East and North Africa (MENA) region, has reported...

QIIB honours employees for outstanding performance in H1 2024 15 Aug 2024 - 10:52 am

Doha: Qatar International Islamic Bank (QIIB) has honoured a group of employees for their outstanding performance during the first half (H1) of 2024....

Credit growth to see boost by 4% in H2 2024 15 Aug 2024 - 10:46 am

Doha: Qatar’s credit growth is estimated to accelerate from 2.8 percent y-o-y in 2023 to 4 percent by the end of this year....

QNB launches ‘QNB Rewards’ app for staff 15 Aug 2024 - 10:45 am

Doha: QNB has launched “QNB Rewards”, its new staff rewards application designed to enhance employee engagement and satisfaction by offering a wide range...

Mannai Corporation net profit grew by 78 percent to QR67m in H1 2024 15 Aug 2024 - 10:37 am

Doha: Mannai Corporation QPSC (Qatar Exchange: MCCS), yesterday announced its first half year results for the period ended 30th June 2024. Group revenue...

Oil prices fall after unexpectedly rise in US crude inventories 15 Aug 2024 - 12:21 am

New York: Oil prices fell on Wednesday after a report showed that US crude inventories unexpectedly rose, while concerns about the impact of...

Mars to acquire Pringles maker Kellanova for nearly $36 billion 14 Aug 2024 - 10:30 pm

New York: M&M's and Snickers maker Mars said on Wednesday that it would acquire snack food business Kellanova, marking a multibillion dollar agreement...