Business

Qatar Insurance posts net profit of QR173m in Q1 06 May 2023 - 09:33 am

Doha: Qatar Insurance Company (QIC) (a Qatari public shareholding company) announced yesterday a net profit of QR173.153m for Q1 of 2023, a 611...

Chinese fast fashion giant Shein denies low prices due to forced labour 05 May 2023 - 09:27 pm

Paris: Chinese cut-price fast-fashion giant Shein defended its business model in an interview with AFP, saying demand-based production accounted for its low prices...

Global demand for gold declines in Q1 of 2023 05 May 2023 - 04:38 pm

London: World Gold Council said on Friday that demand for Gold retreated in the first quarter of 2023. In its latest quarterly report...

BCG expands presence in Qatar 05 May 2023 - 09:53 am

Doha: Boston Consulting Group (BCG), is expanding its presence in Qatar, with the aim to reach over 100 Doha-based expert resources by 2025...

Entry of new liquidity, companies’ results supported QSE performance 05 May 2023 - 09:48 am

Doha: The general index of the Qatar Stock Exchange (QSE) gained 494,520 points, during the current week, with a growth rate of 4,870...

Oman Central Bank raises interest rate by 25 basis points 05 May 2023 - 09:48 am

MUSCAT: The Central Bank of Oman increased the interest rate on repurchases of local banks by the same increase approved by the US...

QRDI’s Qatar Open Innovation Programme hosts French tech SME 05 May 2023 - 09:45 am

Doha: The Qatar Research, Development and Innovation (QRDI) Council’s flagship program, Qatar Open Innovation (QOI), hosted the French SME Rézomes in Doha after...

‘Role of PPPs in combating global financial crimes indispensable’ 05 May 2023 - 09:42 am

Private Public Partnerships (PPPs) have helped improve vastly the quality of financial reporting and their role in combating money laundering and illicit funding...

QSE index begins trading by adding 73 points 05 May 2023 - 09:41 am

Doha: Qatar Stock Exchange (QSE) index started trading yesterday, up by 0.69 percent, adding 72.61 points to its balance, and rising to the...

Qatar’s robust ICT infrastructure boosting digital economy 05 May 2023 - 09:10 am

Qatar’s vibrant ICT sector spurs the development of an advanced knowledge economy, demonstrating solid progress in this field. The country has invested in...

Estithmar Holding announces its financial statements for Q1-2023 04 May 2023 - 10:46 pm

DOHA: Estithmar Holding QPSC announced its financial statements for the first quarter of the year that ended March 31, 2023. The financial and...

Shopify cuts jobs again, sells most of logistics business to Flexport 04 May 2023 - 04:35 pm

Shopify Inc. shares surged after the Canadian e-commerce company cut jobs for the second time in 10 months and agreed to sell the...

Qatar Mobile Payment allows instant money transfers via smartphone: QCB 04 May 2023 - 03:29 pm

Doha: Qatar Central Bank using Qatar Mobile Payment (QMP) has brought together all mobile payment service providers in the country under a single...

Dukhan Bank posts QR414m net income in Q1 04 May 2023 - 09:28 am

Doha: Dukhan Bank has announced its financial results for the first quarter of 2023 with a total net income amounting to QR414m recording...

Qatar total banking sector assets up 1.0 percent MoM in March 04 May 2023 - 09:25 am

Doha: Qatar banking sector assets increased by 1.0 percent MoM (down 1.3 percent in 2023) in March 2023 to reach QR1.881 trillion. The...

IPA Qatar launches report on cybersecurity landscape and investment opportunities 04 May 2023 - 09:23 am

Doha: The Investment Promotion Agency Qatar (IPA Qatar), in collaboration with Microsoft and EY-Parthenon, launched a joint report titled ‘Securing the Digital Future...

QC reviews commercial relations with Australia 04 May 2023 - 09:22 am

Doha: Qatar Chamber (QC) First Vice-Chairman Mohamed bin Twar Al Kuwari met yesterday with President and National Chairman of the Australia Arab Chamber...

QSE gains 150 points 04 May 2023 - 09:21 am

Doha: Qatar Stock Exchange (QSE) index gained 150 points, 1.46 percent, to reach 10,482 points at the beginning of yesterday’s trading, amid anticipation...