Business

M&A deals in Qatar reach $139.3m in March: KPMG 20 Apr 2022 - 08:37 am

Mergers and acquisitions (M&A) transactions which have been closed by Qatari investors in March stood at $139.3m, according to a KPMG report. In...

Netflix subscribers fall for first time in decade, forecasts more losses 19 Apr 2022 - 11:21 pm

Global streaming giant Netflix Inc on Tuesday reported losing subscribers for the first time in more than a decade and predicted more contraction...

Oil From U.S. Strategic Reserve Heads for Europe Amid Global Supply Crunch 19 Apr 2022 - 03:40 pm

A cargo of crude from the U.S. Strategic Petroleum Reserve departed a Texas port bound for Europe, a signal of increasing oil-market disarray...

J&J suspends sales forecast for COVID-19 vaccine, cuts profit view 19 Apr 2022 - 03:15 pm

Johnson & Johnson on Tuesday cut its full-year profit expectation and suspended sales forecast for its COVID-19 vaccine after having earlier predicted as...

Halliburton profit nearly doubles as oil price surge boosts drilling activity 19 Apr 2022 - 02:59 pm

Oilfield services firm Halliburton Co posted an 85% rise in first-quarter adjusted profit on Tuesday as a rally in crude prices boosted demand...

Ministry of Commerce shuts down three warehouses for 14 days 19 Apr 2022 - 01:20 pm

Doha: The Ministry of Commerce and Industry has announced the closure of 3 warehouses in Birkat Al-Awamer for 14 days each. The Ministry...

Mastercard recognises QIB on anniversary of first Islamic PoS solution in Qatar 19 Apr 2022 - 08:27 am

Doha: Qatar Islamic Bank (QIB) has received recognition from Mastercard on the third anniversary of the launch of Qatar’s first Islamic Point of...

Ahlibank reports QR191m net profit for first quarter of 2022 19 Apr 2022 - 08:24 am

Doha: Ahli Bank QPSC (ABQK) yesterday announced a net profit of QR191.4m for the first three months of 2022, an increase of 2.62...

Qatar Insurance Group to sponsor 2023 Samla race 19 Apr 2022 - 08:21 am

Doha: Qatar Insurance Group, the leading insurer in Qatar and the Mena region, has announced its sponsorship of the Samla race in its...

Qatar’s business ecosystem attracts global startups 19 Apr 2022 - 08:17 am

Doha: Qatar is witnessing rise in number of startups and technology-based businesses are growing in the country. The business friendly ecosystem in Qatar...

QNB opens branch in Place Vendôme 19 Apr 2022 - 08:15 am

Doha: QNB, the largest financial institution in the Middle East and Africa, has opened its latest branch in Place Vendôme, Qatar’s newest luxurious...

Saleh Al Hamad Al Mana launches Ramadan offers on cars 18 Apr 2022 - 09:53 am

Doha: Saleh Al Hamad Al Mana Co, the exclusive agent of Nissan in Qatar, has launched a special Ramadan offer on a wide...

QIB supports ‘Ramadan and Safe Driving’ campaign, celebrates Garangao 18 Apr 2022 - 09:49 am

Doha: Qatar Islamic Bank (QIB) is supporting the “Ramadan and Safe Driving” campaign, organised by the General Directorate of Traffic, during which Iftar...

Qatar Chamber to convene second GAM on Wednesday 18 Apr 2022 - 09:47 am

Doha: The second General Assembly Meeting (GAM) of Qatar Chamber (QC) will be held on April 20 regardless of the number of attendees....

QEWC reports QR389m net profit for first quarter 18 Apr 2022 - 09:44 am

Doha: Qatar Electricity and Water Company (QEWC) yesterday reported net profit of QR389m for the first quarter (Q1) ended 31 March 2022 compared...

Nakilat net profit rises 19.3% to QR382m in Q1 18 Apr 2022 - 09:40 am

Doha: Nakilat, the world’s largest Liquefied Natural Gas (LNG) fleet operator, achieved a net profit of QR382m for the first quarter (Q1) ended...

Qatar’s firms to be made aware about UNGC principles 18 Apr 2022 - 09:37 am

Doha: Qatar National Vision 2030 represents an inclusive strategy to achieve sustainable development that aims to transform Qatar into an advanced country capable...

ESG goals key to building Qatar’s future: Qatari Young Global Leaders 18 Apr 2022 - 09:29 am

Doha: Safeguarding Qatar’s resilience lies in investing sustainably, building cohesive governance frameworks, and empowering women, according to three Qatari Young Global Leaders. Ahmed...