Business

Commercial Bank net profit surges 77.1% to QR2.304bn in 2021 20 Jan 2022 - 08:29 am

Doha: The Commercial Bank (the Bank), its subsidiaries and associates (Group) yesterday reported a net profit of QR2.304bn for the year ended December...

Inventus Power inaugurates engineering and manufacturing facility in Qatar Free Zones 20 Jan 2022 - 08:16 am

Doha:‘Inventus Power’ Company – a global US based leader in advanced battery technology & manufacturing – and ‘Qatar Free Zones Authority (QFZA)’ inaugurated...

Unilever will not increase 50-billion-pound offer for GSK consumer arm 19 Jan 2022 - 08:00 pm

Dove soap maker Unilever PLC said on Wednesday it would not increase its 50-billion-pound ($68 billion) proposal to buy GSK's consumer healthcare business....

Occupancy rates of Ezdan’s Al Wakra Villages hit record 95% 19 Jan 2022 - 08:24 am

Doha:Ezdan Real Estate Company, the major real estate developer, announced that occupancy rates have exceeded 95 percent in most residential villages in Al...

GCC records 72 M&A deals in Dec 19 Jan 2022 - 08:18 am

Doha: As many as 72 mergers and acquisition (M&A) deals have been announced or closed in the GCC in December, according to a...

QIIB brings Apple Pay to customers 19 Jan 2022 - 08:13 am

Doha:QIIB has brought its customers Appe Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment...

Mandatory insurance to contribute upto QR2.2bn to healthcare industry 19 Jan 2022 - 07:57 am

Doha: Mandatory health insurance will improve the quality of services in the health care sector and contribute positively to the economy. Compulsory health...

Oil prices hit 7-year highs as tight supply bites 18 Jan 2022 - 03:09 pm

London: Benchmark oil prices climbed to their highest level since 2014 on Tuesday as possible supply disruption after attacks in the Mideast Gulf...

Female-backed VC firm to boost crypto bets with new fundraise 18 Jan 2022 - 08:53 am

Blossom Capital has raised $432 million to back early-stage tech startups in Europe, a third of which has been earmarked for cryptocurrency investments,...

QC, Germany’s NUMOV review enhancing cooperation ties 18 Jan 2022 - 08:20 am

Doha: Qatar Chamber (QC) First Vice-Chairman Mohamed bin Towar Al Kuwari yesterday met with a German delegation representing the German Near and Middle...

Microsoft, Atos strengthen relationship to drive tech sector development in Qatar 18 Jan 2022 - 08:18 am

Doha: Microsoft and Atos, two leaders in cloud technology, have expanded their 20+ year global alliance to Qatar to jointly address the accelerated...

Blockchain technology elevates quality and cuts cost for companies 18 Jan 2022 - 08:13 am

Doha: Small and Medium Enterprises (SMEs) have opportunity to operate their businesses by adopting blockchain technology. This technology is shifting the enterprise paradigm...

Qatar Chamber partakes in Joint Arab-Foreign Chambers’ annual coordinating meeting 18 Jan 2022 - 08:10 am

Doha: Sheikh Khalifa bin Jassim Al Thani, Chairman of Qatar Chamber (QC), who is also Vice-President of the Arab-British Chamber of Commerce (ABCC)...

Qatar’s construction sector bounces back in 2021 18 Jan 2022 - 08:08 am

Despite facing several headwinds due to coronavirus pandemic outbreak, Qatar’s construction sector has staged a strong bounce back in 2021. The building permits...

Omani Ministry of Energy, BP sign strategic framework agreements 17 Jan 2022 - 12:30 pm

Muscat: Omani Ministry of Energy and Minerals signed strategic framework agreements with BP with the plan of delivering a multiple gigawatt world-class renewable...

Unilever says GSK consumer arm 'strong strategic fit' for business 17 Jan 2022 - 11:13 am

Dove soap maker Unilever signalled on Monday it would pursue a deal for GlaxoSmithKline's consumer health business, calling it a "strong strategic fit"...