Business

QAMCO records net profit of QR240m for first half of 2023 11 Aug 2023 - 08:31 am

Doha, Qatar:Qatar Aluminum Manufacturing Company (QAMCO) a 50% joint venture partner in Qatar Aluminum Company (Qatalum), yesterday reported a net profit of QR240m...

Alibaba takes step toward comeback as growth finally returns 10 Aug 2023 - 05:56 pm

Alibaba Group Holding Ltd. returned to growth across all its main divisions, defying China’s economic turbulence to take a first step toward a...

UK retailer Wilko collapses, risking 12,000 jobs 10 Aug 2023 - 03:16 pm

London: British household goods company Wilko has collapsed owing to big debts, its boss announced Thursday, impacting about 12,000 jobs as high inflation...

Angry Birds maker Rovio's shareholders accept Sega's bid 10 Aug 2023 - 01:39 pm

Helsinki: Shareholders of Finland's Rovio, creator of the Angry Birds franchise, have overwhelmingly accepted Japanese Sega's offer to buy the company, allowing the...

MPHC reports a net profit of QR585m 10 Aug 2023 - 08:35 am

Doha, Qatar: Mesaieed Petrochemical Holding Company (“MPHC” or “the Group”; QE ticker: MPHC), yesterday announced a net profit of QR585m for the six-month...

Expert sheds light on Qatar’s journey towards sustainability 10 Aug 2023 - 08:34 am

Doha, Qatar: In an interview, Bassam Hajhamad, Qatar Country Senior Partner and Consulting Lead at PwC Middle East, sheds light on the intricate...

QSE index up 0.28% 10 Aug 2023 - 08:33 am

Doha, Qatar: The general index of the Qatar Stock Exchange (QSE) closed yesterday up by 30.420 points, or 0.280 percent, to reach 10,716.45...

Lesha Bank reports QAR 44.7 million profit in the first half of 2023 10 Aug 2023 - 08:25 am

Doha, Qatar: Lesha Bank LLC (Public) (the “Bank” or ’Lesha Bank’) today announced its financial performance for the six-month period ending on 30...

CBFS earns dual recognition for innovation and growth 10 Aug 2023 - 08:23 am

Doha, Qatar: Commercial Bank Financial Services LLC. (CBFS), a fully owned subsidiary company of Commercial Bank Group, has been recognized with two prestigious...

UDC receives Communitas Award and SEAL Business Sustainability Award 10 Aug 2023 - 08:19 am

Doha, Qatar: United Development Company (UDC), the master developer of The Pearl Island and Gewan Island, has been announced winner of the Communitas...

Qatar’s office market witnesses increased demand in Q2 2023 10 Aug 2023 - 08:17 am

Doha, Qatar: With the launch of three major projects, notably in Energy City and Burj Al Mana in the West Bay area, office...

Sony hikes forecasts on strong music business 09 Aug 2023 - 01:09 pm

Tokyo: Japanese electronics giant Sony on Wednesday upgraded its annual sales and net profit forecasts, driven by strength in its music business and...

Industries Qatar posts a net profit of QR2.1bn 09 Aug 2023 - 08:23 am

Doha, Qatar:Industries Qatar (“IQ” or “the Group”; QE Ticker: IQCD), yesterday reported a net profit of QR2.1bn for the six-month period ended 30...

Retail rental rates to decline in 2023 09 Aug 2023 - 08:19 am

Doha, Qatar: Qatar’s retail industry anticipates a decrease in rental rates in the forthcoming quarters of the year, stated ValuStrat in its recent...

QIB introduces new features to its mobile application 09 Aug 2023 - 08:16 am

Doha, Qatar:Qatar Islamic Bank (QIB), Qatar’s leading digital bank, announced the launch of new features on its Mobile App as part of its...

Adani Enterprises weighs exiting $6 billion Wilmar venture 08 Aug 2023 - 08:20 pm

Adani Enterprises Ltd. is exploring selling its stake in its Mumbai-listed consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their...