Business

Qatar’s IPI index up 7.3% Y-o-Y in August 2022 21 Oct 2022 - 09:20 am

Doha: Qatar’s Industrial Production Index (IPI) for August 2022 stood at 105.8 points, showing an increase of 1.2 percent compared to the previous...

QCSD launches Movable Collateral Registry 21 Oct 2022 - 09:20 am

Doha: Qatar Central Securities Depository (QCSD), a financial company that provides clearing, settlement, and safekeeping services, has announced the launch of the Movable...

Commercial banks deposits rise by 1.8% to QR973bn in August 21 Oct 2022 - 09:18 am

The banking sector in Qatar demonstrated resilience and has registered growth in August. Qatar’s commercial banks have witnessed an increase in deposits and...

Hong Kong offers Qatari investors host of investment opportunities 21 Oct 2022 - 09:14 am

Doha: Qatar Chamber hosted on Wednesday a seminar to enhance businesses between Qatar and Hong Kong and review the investment climate and opportunities...

ADNOC invites banks to pitch for IPO of logistics unit- sources 20 Oct 2022 - 11:03 pm

London: State oil firm Abu Dhabi National Oil Company (ADNOC) has invited banks to pitch for roles in an initial public offering of...

Tesla cars will not be approved as fully self-driving this year, says Musk 20 Oct 2022 - 10:29 pm

Tesla Inc's advanced driver assistant software will not gain regulatory approval in 2022, Chief Executive Elon Musk said, signaling that the company is...

Amazon faces $1bn lawsuit in UK for 'favouring its own products' 20 Oct 2022 - 10:19 pm

London: Amazon.com Inc is facing a lawsuit in Britain for damages of up to 900 million pounds ($1bn) over allegations the online marketplace...

Elon Musk says Tesla will be bigger than Apple. Analysts say not so fast 20 Oct 2022 - 08:52 pm

California: Elon Musk sees Tesla Inc. becoming bigger than the combined valuation of Apple Inc. and Saudi Aramco one day. Wall Street is...

Adidas sneakers going unsold as demand weakens, hitting profit 20 Oct 2022 - 08:17 pm

Adidas AG warned that unsold goods are piling up as consumer demand weakens across China and western markets, prompting a fresh profit warning...

African Development Bank plans $1.5 billion green facility 20 Oct 2022 - 06:50 pm

The African Development Bank is setting up a $1.5 billion green finance facility to help meet surging demand for money to develop clean...

Yen falls to 150 range vs. dollar, new 32-year low 20 Oct 2022 - 12:38 pm

The yen breached the 150 line and hit a 32-year low against the U.S. dollar on Today. Despite persistent speculation about a yen-buying...

Qatar, US to strengthen trade ties 20 Oct 2022 - 08:59 am

Doha: Qatar and the US will continue to work on strengthening their robust partnership, especially in the field of investment and trade, Minister...

MoCI Undersecretary take part in GCC meetings and Entrepreneurs forum 20 Oct 2022 - 08:58 am

Riyadh:Undersecretary of the Ministry of Commerce and Industry H E Sultan bin Rashid Al Khater participated in the 55th preparatory meeting for the...

Iranian Vice-President for Economic Affairs visits Hamad Port 20 Oct 2022 - 08:57 am

Doha: Vice-President for Economic Affairs of the Islamic Republic of Iran H E Dr. Mohsen Rezaei visited Hamad Port on Monday. In a...

QIC’s Epicure Investment Management ranked as ‘Top Asset Manager’ in Mideast 20 Oct 2022 - 08:53 am

Doha: Qatar Insurance Company (QIC) has been ranked by Asset Magazine as one of the top Investment Houses (Insurance Category) in Asian G3...

GWC transports Suhail and Suraya to their home in Qatar 20 Oct 2022 - 08:52 am

Doha: GWC, one of the largest logistics services providers in the region, has successfully transported Thuraya and Suhail to the Panda Park in...

Commercial Bank’s 9-month net profit rises by 3.3% to QR2.201bn 20 Oct 2022 - 08:47 am

Doha: The Commercial Bank, its subsidiaries and associates announced yesterday its financial results for the nine months ended September 30, 2022, and reported...

UDC posts net profit of QR217m for Q3, 2022 20 Oct 2022 - 08:34 am

Doha: United Development Company (UDC), the master developer of The Pearl and Gewan Islands, announced its financial results for the third quarter of...