Business

Nakilat achieves QR775m net profit for first half of 2023 03 Aug 2023 - 08:25 am

Doha, Qatar:Nakilat, one of the world’s largest Liquefied Natural Gas (LNG) fleet operators achieved a net profit of QR775m for the first half...

Qatar’s banking sector total assets up 1.4% MoM in June 03 Aug 2023 - 08:23 am

Doha, Qatar:Qatar’s banking sector total assets increased 1.4% MoM (up 0.05% in 2023) in June 2023 to reach QR1.906 trillion. The Qatar banking...

AFP sues Musk's X over copyright 02 Aug 2023 - 08:48 pm

AFP news agency launched a copyright case in France on Wednesday against social media giant Twitter, recently rebranded X, part of a global...

UBS to close Credit Suisse's crossfinder trading platform in latest cuts 02 Aug 2023 - 05:12 pm

UBS Group AG is winding down the electronic-trading platform it inherited from Credit Suisse as the Swiss bank looks to shed more assets...

Eight Qatari firms make it to Forbes' Top 100 Arab Family Businesses 2023 02 Aug 2023 - 12:19 pm

Doha, Qatar: Eight Qatar-based companies have been listed among the Forbes' Top 100 Arab Family Businesses 2023. Al Faisal Holding (Rank 10), Power...

Ooredoo Group appoints new CEO for Ooredoo Algeria 02 Aug 2023 - 08:20 am

Doha, Qatar: Ooredoo Q.P.S.C. (“Ooredoo”) – Ticker ORDS – has announced the appointment of Roni Tohme as the new Chief Executive Officer of...

Edaa reduces settlement of transaction on Qatar Exchange from T+3 to T+2 02 Aug 2023 - 08:16 am

Doha, Qatar:In a significant development aimed at enhancing the efficiency of Qatar’s capital market, Edaa announced a reduction in the settlement period for...

QSE index jumps over 100 points, breaches 11,000 mark 02 Aug 2023 - 08:13 am

Doha, Qatar:Qatar’s stock market yesterday jumped over 100 points to breach the psychologically strong 11,000 mark barrier. The Qatar Exchange (QSE) index advanced...

MrBeast sues food delivery partner over ‘inedible’ burgers 01 Aug 2023 - 10:52 pm

James Donaldson, a YouTube star better known as MrBeast, has sued his partner in a food delivery business saying the company sacrificed quality...

Uber falls as focus shifts from first profit to slow growth 01 Aug 2023 - 06:15 pm

Uber Technologies Inc. reported its first-ever operating profit, but the shares slid as Wall Street questioned whether the company can maintain the pace...

Pfizer trims 2023 revenue outlook as profits tumble 01 Aug 2023 - 03:53 pm

New York: Pfizer reported a steep drop in profits Tuesday on much lower Covid-related revenues as it curtailed its full-year sales outlook, in...

‘Qatar’s marine sector a great potential in region’ 01 Aug 2023 - 08:42 am

Doha, Qatar:The marine industry in Qatar has great potential in the region remarked Danial Kaabi, Chief Executive Officer of Sea Horizon Offshore Marine...

Qatar’s Producer Price Index declines by 3.24% in June 01 Aug 2023 - 08:39 am

Doha, Qatar:The PPI for June 2023 is estimated at 108.86 points showing a decrease of 3.24%, when compared to the previous month’s May...

QNB, Visa launch special campaign for Life Rewards credit cardholders 01 Aug 2023 - 08:28 am

Doha, Qatar:QNB, the largest financial institution in the Middle East and Africa, has launched an exclusive campaign, awarding its Visa Life Rewards credit...

Banking tycoon Kotak’s succession is under regulator review, sources say 31 Jul 2023 - 08:46 am

India’s banking regulator is nudging Kotak Mahindra Bank Ltd. to select someone outside the lender’s ranks to succeed billionaire founder Uday Kotak as...

QSE stocks soar as bull run continues 31 Jul 2023 - 08:22 am

Doha, Qatar:Stocks in the Qatar Stock Exchange (QSE) have continued their bull run with an impressive beginning of yesterday’s trading. The QSE index...

National Leasing Holding net profit rises 28% during H1, 2023 31 Jul 2023 - 08:21 am

Doha, Qatar:The net profits of National Leasing Holding increased by 28 percent in the first half of 2023 to reach QR8.634m compared to...

Ooredoo Group first half revenue up 3% to QR11.4bn 31 Jul 2023 - 08:19 am

Doha, Qatar: Ooredoo Q.P.S.C. (“Ooredoo”) yesterday announced its financial results for the six-month period ended June 30, 2023. In the first half (H1)...