Business

Remarkable financial performance of Estithmar Holding in first half of 2023 03 Aug 2023 - 11:59 pm

Estithmar Holding Q.P.S.C announced its financial statements for the six months period ended June 30, 2022 (first half of 2023). The financial and...

Morgan Stanley joins Goldman, Lazard in opening Munich office 03 Aug 2023 - 04:38 pm

Morgan Stanley plans to set up shop in Munich to boost coverage of the city’s buoyant industrial and tech scene, following peers such...

Warren Buffett buying treasuries regardless of US downgrade by Fitch 03 Aug 2023 - 04:31 pm

It’s business-as-usual for Warren Buffett’s Berkshire Hathaway after Fitch Ratings’ downgrade of the US. "Berkshire bought $10 billion in US Treasuries last Monday....

Zelda, Mario movie boost Nintendo profits 03 Aug 2023 - 11:27 am

Tokyo: Nintendo reported on Thursday a 52 percent jump in first-quarter net profits thanks to brisk sales of its latest "Zelda" game and...

Apartment rents reduce to levels prior to World Cup 03 Aug 2023 - 08:28 am

Doha, Qatar:The second quarter (Q2) of the year saw a significant fall in most apartment rents and a return to the levels seen...

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...