Business

CBFS wins ‘Most Innovative Mobile Trading Application’ award in Qatar 16 Aug 2022 - 08:26 am

Doha: Commercial Bank Financial Services (CBFS), a fully owned subsidiary company of Commercial Bank Group, has received the “Most Innovative Mobile Trading Application”...

QSE listed companies’ net profits up 29.24% to QR27.19bn in H1, 2022 16 Aug 2022 - 08:24 am

Doha: All of Qatar Stock Exchange (QSE) listed companies have disclosed their financial results for the six month period ended June 30, 2022....

Qatar’s IPI up 1.1% in June 2022 16 Aug 2022 - 08:22 am

Doha: Qatar’s Industrial Production index (IPI) for June 2022 stood at 99.7 points, showing an increase of 1.1 percent compared to the previous...

HBO lays off 70 workers in latest round of cuts 15 Aug 2022 - 10:42 pm

Warner Bros. Discovery Inc. is firing about 70 workers who work at HBO and HBO Max, the latest round of cutbacks after its...

Kosovo cancels power cuts for now after securing Albanian supplies 15 Aug 2022 - 10:24 pm

PRISTINA: Kosovo's energy ministry said on Monday it was cancelling planned power cuts for the time being as it had managed to secure...

Gold drops with China’s slowdown and fed rate path in focus 15 Aug 2022 - 03:29 pm

Gold dropped after four straight weeks of gains as investors assessed signs that China’s economy is struggling to recover ahead of minutes from...

Kosovo starts power cuts as a result of energy crisis 15 Aug 2022 - 12:37 pm

PRISTINA: Kosovo’s energy distribution company, KEDS, said it would start power cuts at 8 a.m. on Monday because of a lack of domestic...

European shares edge higher; weak China data stokes worries 15 Aug 2022 - 10:54 am

European shares inched higher on Monday, boosted by fresh gains for healthcare stocks, while signs of a slowing Chinese economy sparked a flight...

CPI increases 4.98 percent in July 15 Aug 2022 - 08:55 am

Doha: The Consumer Price Index (CPI) of July 2022 reached 103.65 points showing an increase of 0.49 percent when compared to CPI of...

Qatar’s budget surplus to grow 57.6% in 2023: IMF 15 Aug 2022 - 08:54 am

Doha: The International Monetary Fund (IMF) expects the State of Qatar’s budget surplus to grow 57.6 percent in 2023 to QR70.3bn, compared to...

QIB announces third Misk Account millionaire 15 Aug 2022 - 08:53 am

Doha: Qatar Islamic Bank (QIB) yesterday announced the third millionaire winner of its highly anticipated Misk Account draw. The draw was held in...

Mannai Corporation posts QR489m gross profit on consolidated revenue of QR2.6bn 15 Aug 2022 - 08:43 am

Doha: Mannai Corporation yesterday announced its first half year results for the period ended June 30, 2022. Subsequent to the same period, the...

Baladna achieves net profit of QR 48 million for first half of 2022 15 Aug 2022 - 08:29 am

Doha:Baladna Q.P.S.C. yesterday announced its results for the six months period ended 30 June 2022 (H1 2022). Revenue of QAR 484 million (27%...

World Bank partners with Palestinian Authority to achieve long-term development goals 14 Aug 2022 - 08:33 pm

RAMALLAH: The World Bank stated that it is working with the Palestinian authorities to raise the economic growth rates based on a long-term...

Qatar Stock Exchange gains 0.38% 14 Aug 2022 - 04:02 pm

Doha: Qatar Stock Exchange (QSE) index gained 52.30 points, or 0.38 percent, to close trading at 13,796.2 points on Sunday. The volume of...

Bitcoin tops $25,000 for first time since June amid crypto rally 14 Aug 2022 - 02:12 pm

Bitcoin briefly surpassed $25,000 for the first time since mid-June, as momentum continued from a cooler-than-expected US inflation data and progress toward Ethereum’s...

Saudi Aramco profit soars on higher prices and refining margins 14 Aug 2022 - 11:39 am

Dubai: State oil giant Saudi Aramco reported a soaring 90% rise in second-quarter profit on Sunday, beating analyst expectations and propelled by higher...