Business

UK satellite operator OneWeb said to near merger with Eutelsat 23 Jul 2022 - 11:33 am

British satellite firm OneWeb is nearing a deal to combine with France’s Eutelsat Communications SA in a transaction that would create a pan-European...

Guests are willing to pay up to 30% premium for Lifestyle Hotels: CBRE 23 Jul 2022 - 09:43 am

When selecting hotels, guests show they would be willing to pay on average a 16% premium for a lifestyle property over a traditional...

Registration of new private vehicles rises 39% in May 23 Jul 2022 - 09:18 am

Qatar saw a significant rise in new vehicle registrations in May. The total number of registered new vehicles stood at 6,535 in May...

Wall Street declines as ad tech, social media stocks weigh 22 Jul 2022 - 10:07 pm

Major U.S. indexes dipped on Friday as shares in social media and ad tech firms decline following weak earnings from Twitter and Snap,...

Twitter posts surprising drop in revenue 22 Jul 2022 - 09:36 pm

LONDON: Twitter reported a quarterly loss on Friday and declining revenue caught Wall Street off guard with the number of people using the...

Mattel partners with Elon Musk’s SpaceX to launch new line of toys 22 Jul 2022 - 09:08 pm

Mattel Inc. has agreed to make SpaceX-themed toys in partnership with Elon Musk’s rocket company. Starting in 2023, Mattel, the company that brought...

ADB cuts 2022 growth outlook for South Korean economy to 2.6% 22 Jul 2022 - 10:35 am

Manila: The Asian Development Bank (ADB) yesterday slashed its 2022 growth outlook for the South Korean economy to 2.6% amid the ongoing Ukraine...

Argentem Creek partners establishes Mena & Asia HQ in Abu Dhabi in partnership with ADIO 22 Jul 2022 - 10:34 am

Doha: Argentem Creek Partners (Argentem Creek), in partnership with the Abu Dhabi Investment Office (ADIO), will establish a new regional hub in Abu...

QSE Index rises 1.37 percent 22 Jul 2022 - 10:34 am

Doha: The general index of Qatar Stock Exchange recorded yesterday an increase of 171.540 points, or 1.370 percent, to reach 12,709.12 points. During...

Masraf Al Rayan posts QR1.03bn net profit for first half 22 Jul 2022 - 10:30 am

Doha: Masraf Al Rayan Q.P.S.C yesterday released its consolidated financial statements for the half year ended 30 June 2022 with a net profit...

Rise in US dollar value strengthens Qatari riyal 21 Jul 2022 - 10:27 am

Economists confirmed that the current debate between the dollar (USD) and the Euro (EUR), and the parity achieved by the green currency in...

Demand for contactless payments to gain momentum 21 Jul 2022 - 09:49 am

The popularity of contactless payments, which gained momentum during COVID-19 outbreak, is expected to increase further, according a senior Visa official. He added...

AAB launches all-new Toyota Lite Ace 21 Jul 2022 - 09:45 am

Abdullah Abdulghani & Bros. Co. (AAB), the distributors for Toyota vehicle in Qatar launched the all-new Toyota Lite Ace at a function held...

Qatar’s Islamic finance sector set for growth 21 Jul 2022 - 09:35 am

The year 2022 is positioned for growth for Qatar’s Islamic finance institutions as the economy expands in the run-up to the FIFA World...

Netflix rises as million-customer loss avoids worst scenario 20 Jul 2022 - 03:31 pm

After losing more than a million customers in the first half of 2022, Netflix Inc. has a message for investors: It could have...

Amazon sues admins of 10K Facebook groups over fake reviews 20 Jul 2022 - 11:36 am

Amazonhas filed a lawsuit against administrators of more than 10,000 Facebook groups it accuses of coordinating fake reviews in exchange for money or...

ExxonMobil Qatar concludes summer 2022 internship program 20 Jul 2022 - 08:48 am

Doha: ExxonMobil Qatar has concluded its summer internship program that was held at its offices in West Bay. Eight undergraduate and graduate students...