Business

Citigroup profit beats expectations on trading boom 15 Jul 2022 - 05:02 pm

Citigroup Inc posted a smaller-than-expected 27% drop in quarterly profit on Friday as the third-largest US bank's trading desk cashed in on increased...

Oil rises on Saudi oil production expectations 15 Jul 2022 - 01:11 pm

LONDON: Oil prices rose on Friday after a US official told Reuters an immediate Saudi oil output boost is not expected, with further...

External factors affect QSE performance: Analyst 15 Jul 2022 - 11:23 am

Qatar Stock Exchange (QSE) index lost 216.9 points at the end of trading in the second week of this month, falling to the...

Alibaba faces China inquiry over data theft: WSJ 14 Jul 2022 - 08:48 pm

Executives from Alibaba Group Holding Ltd.’s cloud division have been summoned for talks by authorities in Shanghai in connection with the theft of...

Qatar Airways wins top prize at 2022 AirlineRatings Awards 14 Jul 2022 - 07:44 pm

Doha: Qatar Airways has taken the top prize at the AirlineRatings Awards by securing the ‘Airline of the Year’ award in addition to...

Emirates slams Heathrow Airport's order to cut flights 14 Jul 2022 - 06:52 pm

LONDON: Mideast carrier Emirates on Thursday rejected a demand by London's Heathrow Airport for airlines to cut the number of passengers on summer...

Oil prices fell to their lowest level in 3 Months 14 Jul 2022 - 02:45 pm

New York:Global crude oil prices have fallen further to touch the three-month low due to a weak demand outlook over growing concerns of...

Oil prices fall ahead of potential large U.S. rate hike 14 Jul 2022 - 12:42 pm

LONDON:Oil prices fell on Thursday as investors focused on the prospect of a large U.S. rate hike that could stem inflation but at...

Qatar’s IPI declines 2.4 percent in May 14 Jul 2022 - 08:37 am

Doha: The Industrial Production index (IPI), May 2022 reached 98.6 points declining by 5.4 percent compared to the previous month (April 2022), and...

Lufthansa scraps 2,000 more flights as travel disruptions spread 13 Jul 2022 - 05:31 pm

Deutsche Lufthansa AG plans to cut an additional 2,000 flights until the end of August, bringing the airline’s total number of cancellations to...

Qatar's IPI Decreases 2.4 Percent in May YoY 13 Jul 2022 - 03:00 pm

Doha: The Industrial Production index (IPI) for May 2022 reached to 98.6 points, recording a decrease by 5.4 percent compared to the previous...

Cost-of-living crisis to hit women hardest, report says 13 Jul 2022 - 02:14 pm

A cost-of-living crisis sparked in part by higher fuel and food prices is expected to hit women the hardest, the World Economic Forum...

OMINVEST’s insurance subsidiary, NLGIC comes together with RSA Middle East 13 Jul 2022 - 09:21 am

Doha: Further to the signing of a Sale and Purchase Agreement and a Share Swap Agreement in April 2022, and after obtaining relevant...

QFC attracts German companies and startups 13 Jul 2022 - 09:18 am

Doha: Qatar Financial Centre, a leading onshore financial and business centre in the region, in collaboration with the Embassy of Qatar in Germany,...

PepsiCo boosts outlook as consumers keep buying despite inflation 12 Jul 2022 - 03:59 pm

PepsiCo Inc. raised its outlook for the second time in as many quarters, saying it expects revenue to grow 10% this year as...

Peloton to exit in-house manufacturing of its bike, tread products 12 Jul 2022 - 03:10 pm

Exercise equipment maker Peloton Interactive said on Tuesday it will cease in-house production of its bikes and treadmills and move manufacturing to partners...

Euro drops to 20-year low, approaches parity with dollar 12 Jul 2022 - 12:37 pm

Brettell NEW YORK: TheEuroslid to a 20-year low and came closer to parity against the dollar on Monday on concerns that an energy...

Bitcoin traces an ominous chart pattern evoking plunge in June 12 Jul 2022 - 10:17 am

The latest Bitcoin chart pattern suggests cryptocurrency speculators should brace for more losses. The largest digital token has traced a so-called rising wedge,...