Business / Qatar Business

Ooredoo Group reports QR5.5bn revenue for Q1 28 Apr 2022 - 09:05 am

Ooredoo Group announced yesterday revenue of QR5.5bn for the quarter ended 31 March 2022, a decrease of 23 percent compared to the same...

Commercial banks deposits rise to QR964bn in February 28 Apr 2022 - 09:03 am

The banking sector in Qatar demonstrated resilience and has registered growth in February. Qatar’s commercial banks have witnessed an increase in deposits and...

Qatar chairs meeting of WTO Committee on Anti-dumping Practices in International Trade 28 Apr 2022 - 09:01 am

The State of Qatar chaired the meeting of the World Trade Organization Committee on Anti-Dumping Practices in International Trade, which was held today...

QIB launches Qatar’s first digital credit card 28 Apr 2022 - 08:58 am

Qatar Islamic Bank (QIB) has launched the first ever Digital Credit Card in Qatar, available on QIB’s award-winning Mobile App. The innovative new...

Qatar First Bank achieves QR21 million net profit in Q1 2022 28 Apr 2022 - 08:55 am

Qatar First Bank LLC (Public) (“QFB” or “Bank”) announced its positive financial results for the three months’ period ending 31 March 2022, reporting...

Baladna achieves net profit of QR 26 million in Q1 2022 28 Apr 2022 - 12:09 am

Doha: Baladna Q.P.S.C. (Baladna) yesterday announced its quarterly results for the three months period ended March 31, 2022 (Q1 2022). Following its strong...

QCB directs banks to standardize fees charged from merchants distributing food commodities 27 Apr 2022 - 02:57 pm

Doha: Qatar Central Bank (QCB) on Wednesday directed all banks operating in the country to reduce and standardize fees charged from micro-companies and...

IPA Qatar records over QR4bn FDI in 2021 27 Apr 2022 - 09:11 am

THE PENINSULA — DOHA The Investment Promotion Agency Qatar (IPA Qatar) yesterday released the first “Invest Qatar Annual Report 2021”, recording a year...

GWC posts QR58m net profit for Q1 27 Apr 2022 - 09:10 am

GWC (Q.P.S.C.), one of the region’s fastest growing companies, posted net profit of QR58m for the first quarter of 2022, reporting a growth...

MPHC net profit up 17% to QR443m in Q1 2022 27 Apr 2022 - 09:09 am

Mesaieed Petrochemical Holding Company (MPHC or the Group) yesterday announced a net profit of QR443m for the three-month period ended March 31, 2022,...

Expert highlights greater purchasing power of Qatari riyal against Japanese yen 27 Apr 2022 - 09:08 am

Fiscal and monetary policy makers in Japan ignored the gradual tightening policies pursued by the US Federal Reserve in raising interest rates, which...

QLM net profit rises 10% to QR27.6m in Q1 27 Apr 2022 - 09:04 am

Qatar’s leading life and medical insurer, QLM Life & Medical Insurance Company (QLM), yesterday reported a strong first quarter 2022 results, with an...

QIC Group reports robust net profit of QR230m in Q1 27 Apr 2022 - 09:01 am

Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region, has registered a robust net profit...

Qatar Islamic Insurance profits grow 10.3% in Q1 27 Apr 2022 - 09:01 am

Qatar Islamic Insurance yesterday announced its results for the first quarter of 2022, which saw profits jump 10 percent Y-o-Y to QR26.2m, compared...

Vodafone Qatar net profit rises by 63% to QR107m in Q1 27 Apr 2022 - 09:01 am

Vodafone Qatar yesterday announced its financial results for the three months ended March 31, 2022 with improvement across all key indicators. The Company...

QIB wins two awards from Asset Magazine 26 Apr 2022 - 09:26 am

Qatar Islamic Bank (QIB) has been recognised as the “Digital Bank of the Year” in Qatar by The Asset Triple A, organised by...

Qatari listed banks post highest sector average for ROE in GCC: KPMG report 26 Apr 2022 - 09:20 am

KPMG recently released the seventh edition of its Gulf Cooperation Council (GCC) listed banks’ results report which analyses the financial outcomes and key...