Business

Tesla beats revenue estimates on record deliveries 20 Apr 2022 - 11:19 pm

Tesla Inc surged past Wall Street estimates for quarterly revenue on Wednesday after the electric-vehicle maker delivered record units at higher prices. Revenue...

L’Oreal sales jump as shoppers buy perfume, pricey skin creams 20 Apr 2022 - 02:18 pm

L’Oreal SA sales climbed as the cosmetics giant benefited from higher demand for its luxury products, weathering virus restrictions in China. Sales rose...

Cityscape Qatar 2022 to showcase new real estate projects in June 20 Apr 2022 - 08:57 am

The easing of pandemic related restrictions, roll-out of booster shots, changes in property regulatory, and the FIFA World Cup 2022 have all brought...

QIB introduces Air Miles Points Exchange service to its Absher Rewards Program 20 Apr 2022 - 08:51 am

Doha: Qatar Islamic Bank (QIB) has announced further enhancements to its Absher Rewards Program, adding multiple major airline miles to the program’s extensive...

Mazaya to enhance real estate investments portfolio by QR500m 20 Apr 2022 - 08:44 am

Doha: Mazaya Real Estate Development Company aims to enhance its real estate investments portfolio by QR500m, said Sheikh Salman bin Hassan Al Thani,...

Masraf Al Rayan first Islamic bank in Qatar to launch Sustainable Financing Framework 20 Apr 2022 - 08:40 am

Doha: Masraf Al Rayan Q.P.S.C. (Al Rayan) yesterday announced the launch of its Sustainable Financing Framework to further its Environment, Social and Governance...

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...