Business

Adidas plans to sell struggling Reebok brand 16 Feb 2021 - 11:35 pm

BERLIN - German sportswear maker Adidas AG plans to sell or spin-off its underperforming Reebok brand, 15 years after it bought the U.S....

International firms without Saudi headquarters 'will have to make a choice' to land govt contracts: Minister 16 Feb 2021 - 05:20 pm

LONDON: International companies that want to participate in the Saudi government's investment opportunities "will have to make a choice" and establish regional headquarters...

Bitcoin vaults above $50,000 for first time ever 16 Feb 2021 - 03:48 pm

LONDON: Bitcoin rose above $50,000 on Tuesday to a new record high, building on a rally fuelled by signs that the world's biggest...

QC postpones GAM to March 3 16 Feb 2021 - 09:15 am

Doha: The General Assembly Meeting (GAM) of Qatar Chamber (QC), which was scheduled to be held online yesterday, has been postponed to March...

QNB, UDC launch offer to earn double Life Rewards points at The Pearl-Qatar 16 Feb 2021 - 09:05 am

Doha: QNB, the largest financial institution in the Middle East and Africa, launched a partnership offer with United Development Company (UDC), master developer...

GWC AGM okays cash dividend QR0.10 per share 16 Feb 2021 - 09:02 am

Doha: GWC, the leading logistics provider in Qatar, yesterday held its Annual General Meeting (AGM) online, which was chaired by GWC Chairman Sheikh...

Qatari firm’s innovative app makes restaurant seat booking easy 16 Feb 2021 - 08:53 am

Alia Fatima Lalla was one of the many persons in Qatar whose careers were adversely affected due to COVID-19 outbreak. But, instead of...

Qatar, UK to strengthen trade ties 16 Feb 2021 - 08:48 am

Doha: Minister of Commerce and Industry, H E Ali bin Ahmed Al Kuwari, met yesterday with H E Ranil Jayawardena, UK Minister for...

Raffles and Fairmont hotels to open in Qatar next year 15 Feb 2021 - 05:50 pm

Doha: Katara Hospitality today announced a new partnership with hospitality group Accor with two-fold signing of Raffles and Fairmont hotels in Qatar. The...

First woman, first African: Nigeria's 'troublemaker' on track to run WTO 15 Feb 2021 - 05:44 pm

ABUJA: Nigeria's Ngozi Okonjo-Iweala - an elite economist who has confronted corruption and kidnappers at home and risen to the top ranks of...

GWC to hold online AGM today 15 Feb 2021 - 09:11 am

Doha: GWC, the leading logistics provider for the State of Qatar, will hold its Annual General Meeting (AGM) virtually through Microsoft Teams today,...

QAMCO reports QR95m net profit for 2020 15 Feb 2021 - 09:08 am

Doha: Qatar Aluminium Manufacturing Company (QAMCO), a 50 percent joint venture partner in one of the world’s most efficient, low-cost smelters that produces...

MEEZA partners with CWallet to power the blockchain-backed digital wallet services 15 Feb 2021 - 09:05 am

Doha: MEEZA has announced that it will be entering a partnership with CWallet to support the operations behind the pioneering digital wallet solution...

QNB wins 7 prestigious awards 15 Feb 2021 - 09:03 am

Doha: QNB Group, the largest financial institution in the Middle East and Africa, has received a leading endorsement for its Private Banking capabilities...

QEWC reports net profit of QR1.158bn for 2020 15 Feb 2021 - 09:02 am

Doha: Qatar Electricity and Water Company (QEWC) has reported a net profit of QR1.158bn for the year 2020 against QR1.414bn in 2019. The...

Ooredoo Group announces QR1.1bn net profit in 2020 15 Feb 2021 - 08:54 am

Doha: Ooredoo Group announced yesterday net profit of QR1.1bn in 2020 and the Board proposed a cash dividend of QR0.25 per share. Group’s...

IHG subsidiaries ink deals worth QR200m 15 Feb 2021 - 08:51 am

The subsidiaries of Investment Holding Group (IHG) have signed contracts worth QR200m during the recent few months, said the Group in a filing...

QIC Group reports QR12.2bn gross written premiums in 2020 15 Feb 2021 - 08:47 am

Doha: Qatar Insurance Group’s, the leading insurer in the MENA region, gross written premiums for the year have remained stable at QR12.20bn, compared...