Business

UDC reports QR123m net profit 29 Oct 2020 - 08:40 am

Doha: United Development Company (UDC), the master developer of The Pearl-Qatar and Gewan Island, yesterday reported net profit of QR123m on revenues of...

Ooredoo Group's 9-month profit rises 16% to QR1.5bn 29 Oct 2020 - 08:26 am

Doha: Ooredoo Group yesterday reported net profit of QR1.5bn for the first nine months of 2020, an increase of 16 percent compared to...

GSK says Q3 earnings fall 14.4% amid COVID-19 disruption 28 Oct 2020 - 03:58 pm

LONDON (AP) - Drugmaker GlaxoSmithKline says third-quarter earnings fell 14.4% as disruptions caused by the COVID-19 pandemic reduced sales of vaccines, antibiotics and...

Boeing to cut 7,000 more jobs as it reports another loss 28 Oct 2020 - 03:49 pm

New York: Pressured by another quarterly loss, Boeing announced Wednesday additional job cuts as it adapts to a prolonged downturn in the aviation...

Microsoft cloud business gathers steam as pandemic boosts growth 28 Oct 2020 - 11:04 am

Microsoft Corp's cloud computing business slightly re-accelerated and its Teams messaging and collaboration software won new users, as a pandemic-driven shift to working...

Qatar Petroleum and its partners announce a second discovery in South Africa 28 Oct 2020 - 10:05 am

Qatar Petroleum discovered a new gas/condensate in the Luiperd prospect, located in Block 11B/12B, in the Outeniqua Basin, 175 kilometers off the southern...

Qatar’s trade surplus reaches QR6.4bn in September 28 Oct 2020 - 09:58 am

Doha: Qatar’s foreign merchandise trade balance, which represents the difference between total exports and total imports, has shown a surplus of QR6.4bn in...

QIC Group’s premiums increase to QR10.2bn 28 Oct 2020 - 09:58 am

Doha: Announcing results for the first nine months of 2020, Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East...

Industries Qatar reports QR951m profit for 9 months 28 Oct 2020 - 09:54 am

Doha: Industries Qatar (IQ), one of the region’s industrial giants with holdings in petrochemicals, fertilizers and steel producers, yesterday reported a net profit...

Barwa records QR724m net profit for third quarter 28 Oct 2020 - 09:52 am

Doha: Barwa Real Estate Group’s net profit attributable to the shareholders of the parent company stood at QR724m for the financial period ended...

Vodafone named official sponsor of 2020 Padel Tournament by QOC 28 Oct 2020 - 09:52 am

Doha: Vodafone Qatar continues to support the country’s sports sector, with the Company being named as the Official Sponsor of the 2020 Padel...

Doha Bank achieves net profit of QR772m for nine months 28 Oct 2020 - 09:47 am

Doha: Doha Bank has achieved a net profit of QR772m for the first nine months of the current financial year ended September 30,...

QGMD elects new Vice-Chairman 28 Oct 2020 - 09:46 am

QGMD Company yesterday announced the election of Mohammad Abdulmoneim Al- Sayed as a Vice-Chairman during the Board meeting held on October 22, 2020.

Global Finance ranks QIB among top 10 safest banks in the Middle East 28 Oct 2020 - 09:46 am

Doha: New York-based Global Finance Magazine has named Qatar Islamic Bank (QIB) as one of the top 10 safest banks in the Middle...

Qatar-Germany trade exchange reaches $946m in H1: QC Chairman 28 Oct 2020 - 09:41 am

Doha: The economic and trade relations between Germany and Arab countries, including Qatar, have grown significantly over the last few years. When it...