Business

QNB expects global economy will avert recession 06 Aug 2022 - 01:59 pm

Doha: QNB dedicated its weekly commentary to assess the risk of recession for the global economy, saying that the likelihood of a recession...

3 more ships with grain depart Ukraine ports under UN deal 05 Aug 2022 - 07:06 pm

ISTANBUL: Three more ships carrying thousands of tons of corn left Ukrainian ports Friday, in the latest sign that a negotiated deal to...

Amazon to buy Roomba-maker iRobot for $1.65 billion 05 Aug 2022 - 06:39 pm

Amazon.com Inc. said it would buy IRobot Corp., maker of the Roomba vacuum, for $1.65 billion as the e-commerce giant continues its push...

Russia bans Western investors from selling banking, key energy stakes 05 Aug 2022 - 05:36 pm

MOSCOW: Russia has banned investors from so-called unfriendly countries from selling shares in key energy projects and banks until the end of the...

QCB denies issuing commemorative coins for FIFA World Cup Qatar 2022 04 Aug 2022 - 11:37 pm

DOHA: Qatar Central Bank (QCB) has denied the issuance of commemorative coins for the FIFA World Cup Qatar 2022. In a statement on...

Meta makes bond-market debut with $10 billion jumbo deal 04 Aug 2022 - 11:10 pm

Meta Platforms Inc., one of the few S&P 500 companies without debt, is selling $10 billion in its first-ever corporate bond sale as...

Italy asks bidders to recast proposals for Ita Airways 04 Aug 2022 - 10:49 pm

ROME: Italy has asked bidders willing to take over Ita Airways to come up with improved proposals, the economy minister said on Thursday,...

Three grain ships plan to set out from Ukrainian ports: Turkish minister 04 Aug 2022 - 10:33 pm

ISTANBUL: Turkish Defence Minister Hulusi Akar said there are plans for three ships to set out from Ukrainian ports on Friday under the...

Credit Suisse mulls cutting thousands of jobs globally, report says 04 Aug 2022 - 03:41 pm

Credit Suisse Group AG is discussing slashing thousands of jobs globally, Bloomberg News reported on Thursday, citing people familiar with the matter. The...

Alibaba jumps most in six weeks before earnings amid tech rally 04 Aug 2022 - 11:29 am

Alibaba Group Holding Ltd. led Chinese tech stocks higher on Thursday as investors repositioned ahead of its quarterly results, though caution remained about...

Oil steadies after plunge as traders grapple with demand concern 04 Aug 2022 - 10:11 am

Oil steadied after plunging to the lowest close in almost six months as investors weighed weaker US gasoline demand and rising inventories against...

Toyota shares drop after sticking to conservative profit outlook 04 Aug 2022 - 09:57 am

Toyota Motor Corp. kept its profit outlook for the current year, underscoring the carmaker’s concerns over its ability to produce vehicles amid parts...

QIC Group hosts ‘Long Service Awards’ 04 Aug 2022 - 08:18 am

Doha: Qatar Insurance Group, the leading insurer in Qatar and the Mena region, celebrated its long-serving employees at an awards ceremony held earlier...

Souq Waqif’s first businesswoman goes global 04 Aug 2022 - 08:14 am

Doha: Qatari entrepreneur and chef Shams Al Qassabi, who is popularly known as the first-ever female merchant at Souq Waqif, is now going...

QIB awards over 500 Misk Account holders with cash prizes 04 Aug 2022 - 08:10 am

Doha: In the fifth edition of its Misk Account draw, Qatar Islamic Bank (QIB) has awarded more than 500 winners to date with...

Non-energy private sector continues to expand rapidly in July 04 Aug 2022 - 08:03 am

Doha: The latest Purchasing Managers’ Index (PMI) survey data from Qatar Financial Centre (QFC) continued to signal rapid growth in the non-energy private...