Business

World Cup boosts retail, services sectors in Dec. 05 Jan 2023 - 09:12 am

Doha: The latest Purchasing Managers’ Index (PMI) survey data from Qatar Financial Centre (QFC) indicated further rapid growth of business activity in December...

E-commerce market projects QR17bn revenue 05 Jan 2023 - 08:59 am

According to a report by Statista, the online sales platform in Qatar is estimated to reach QR17bn ($4.67bn) in 2023. The research and...

Elon Musk's Twitter lifts ban on political ads 04 Jan 2023 - 09:58 pm

New York: Twitter Inc will reverse its 2019 ban on political ads, the company's head of trust and safety confirmed to Reuters on...

Irish privacy regulator fines Meta more than $400m 04 Jan 2023 - 06:15 pm

Dublin: Ireland's data privacy regulator fined Meta 390 million euros ($414m) on Wednesday for breaches at its Facebook and Instagram services and said...

Tech giant Salesforce lays off 10% of workers 04 Jan 2023 - 06:10 pm

New York: Cloud computing giant Salesforce on Wednesday said it was shedding about 10 percent of its employees, or just under 8,000 jobs,...

Dubai announces plan to 'double' economy in next decade 04 Jan 2023 - 05:50 pm

Dubai: Dubai announced on Wednesday a bold plan aiming to boost foreign trade and investment in the United Arab Emirates' financial hub and...

OPEC oil output rises despite production target cuts 04 Jan 2023 - 05:18 pm

LONDO: OPEC oil output rose in December, a Reuters survey found on Wednesday, despite an agreement by the wider OPEC+ alliance to cut...

Oil falls further as concerns grow over global economy, China's COVID cases 04 Jan 2023 - 04:49 pm

LONDON: Oil fell sharply on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state...

Qatar ranks first among world's top destinations for foreign direct investment 04 Jan 2023 - 03:49 pm

Doha: Qatar ranks first among the worlds top destinations for foreign direct investment (FDI), owing to its strong economic and investment momentum into...

Real estate revitalises economy in 2022 04 Jan 2023 - 08:41 am

Doha: Qatar’s economy witnessed a positive epitome last year with the surge of foreign investments and projects tied up with the real estate...

Qatar Budget prioritises spending on vital sectors 04 Jan 2023 - 08:37 am

Doha: The Korea Trade-Investment Promotion Agency (KOTRA) hailed the 2023 Budget of Qatar which has provided a clear direction on which the State...

Qatar Insurance Group appoints new CEO for subsidiary (KQIC) 04 Jan 2023 - 08:31 am

Doha:The Qatar Insurance Group announced the appointment of Abdallah Abdulatif Al Ahmad as the new Chief Executive Officer (CEO) of its subsidiary Kuwait...

Qatar’s PPI rises by 5.22% Y-o-Y in November 2022 04 Jan 2023 - 08:29 am

Doha:The general Producer Price Index (PPI) of the industrial sector of the State of Qatar for November 2022 registered an estimated 143.57 points,...

Aid from two World Bank entities hit record $75bn in 2022 04 Jan 2023 - 12:00 am

Washington: Two World Bank entities provided a record $75bn in financing last year, said a letter by its president, as developing countries faced...

Top US bank watchdogs issue joint warning on crypto activities 03 Jan 2023 - 10:40 pm

The top US bank regulators issued a fresh warning to lenders about the risks associated with crypto. The Federal Reserve, Federal Deposit Insurance...

Microsoft videogame testers form company's first US union 03 Jan 2023 - 10:00 pm

California: A group of about 300 videogame testers at Microsoft Corp subsidiary Zenimax Studios have voted to unionize, the Communication Workers of America...