Business

Boeing says 'lessons learned' from costly Air Force One deal 17 Jul 2022 - 08:05 pm

LONDON: Boeing's defense chief said on Sunday it had learned lessons from a contract to supply the U.S. presidency with new Air Force...

Starbucks weighs selling Its UK operations, Times reports 17 Jul 2022 - 04:22 pm

Starbucks Corp. has asked its adviser Houlihan Lokey to assess interest for its UK operations, the Times reported Saturday. The coffee chain continues...

Euromoney crowns ‘QIB Best Bank in Qatar’, ‘Best in Digital’, and ‘Best in Islamic Finance’ 17 Jul 2022 - 08:50 am

Doha: Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has been named “Best Bank in Qatar”, “Best Bank for Digital Solutions in Qatar”,...

China’s economic outlook weakened by Covid-Zero strategy 17 Jul 2022 - 08:48 am

Doha: China is where COVID-19 was first discovered in late 2019 and then experienced the first wave of the pandemic in early 2020....

Oil slumps on fears that recession would cut demand 17 Jul 2022 - 08:47 am

Doha: Both benchmarks saw their biggest weekly percentage drops in about a month, largely on fears earlier in the week that a nearing...

QIIB Green launches Green Financing offer for electric, hybrid vehicles 17 Jul 2022 - 08:42 am

Doha: With sustainability at the forefront of our ethos, QIIB Green seeks to contribute to a carbon neutral environment, with that in mind,...

Dukhan Bank records 27% increase in net profit 17 Jul 2022 - 08:41 am

Doha: Dukhan Bank has announced its financial results for the first half of 2022 recording a net profit of QR745m, representing a 27...

QNB says China's economic outlook is weakened by zero-covid policy 16 Jul 2022 - 03:35 pm

Doha: QNB highlighted Saturday in its weekly commentary that China's Zero-COVID policy has weakened the economy. It noted that the policy was highly...

Rental growth continues to accelerate in Dubai’s residential market: CBRE 16 Jul 2022 - 09:03 am

Doha: The total volume of transactions in Dubai’s residential market reached 7,941 in June 2022, up 33.3% from a year earlier. Over this...

Hotels witness rise in occupancy rates in Qatar 16 Jul 2022 - 09:01 am

Qatar’s hospitality sector is witnessing a strong rebound with hotels across segments seeing an increase in occupancy rates. Among the hotels, two and...

Citigroup profit beats expectations on trading boom 15 Jul 2022 - 05:02 pm

Citigroup Inc posted a smaller-than-expected 27% drop in quarterly profit on Friday as the third-largest US bank's trading desk cashed in on increased...

Oil rises on Saudi oil production expectations 15 Jul 2022 - 01:11 pm

LONDON: Oil prices rose on Friday after a US official told Reuters an immediate Saudi oil output boost is not expected, with further...

External factors affect QSE performance: Analyst 15 Jul 2022 - 11:23 am

Qatar Stock Exchange (QSE) index lost 216.9 points at the end of trading in the second week of this month, falling to the...

Alibaba faces China inquiry over data theft: WSJ 14 Jul 2022 - 08:48 pm

Executives from Alibaba Group Holding Ltd.’s cloud division have been summoned for talks by authorities in Shanghai in connection with the theft of...