Business

Risks to outlook for Euro area economy 09 Jan 2022 - 09:14 am

Doha: The Euro area economy contracted sharply in 2020 due to the outbreak of the pandemic, but has experienced a strong recovery in...

Billionaire Watsa-backed Indian lender says CEO to retire early 08 Jan 2022 - 02:33 pm

CSB Bank Ltd., a small-sized Indian lender backed by billionaire Prem Watsa, said its top executive is retiring due to health issues. C.VR....

QDF launches Moncler’s first-ever own line of fragrances 07 Jan 2022 - 12:18 pm

Qatar Duty-Free (QDF) kicked off 2022 with the worldwide travel retail exclusive launch of Moncler’s first-ever own line of fragrances. Moncler Pour Femme...

Shares begin 2022 on bullish note 07 Jan 2022 - 09:08 am

Starting the new year on a bullish note, Qatari stocks have registered impressive gains in the first week of 2022. The Qatar Stock...

Qatar Stock Exchange index soars over 200 points 06 Jan 2022 - 10:02 am

Shrugging off the concerns about rising COVID-19 cases, shares in the local bourse have surged on investor optimism. Qatar Stock Exchange (QE) index...

QEWC signs pact to acquire 40% stake in Nebras for $530m 06 Jan 2022 - 09:58 am

Doha: Qatar Electricity and Water Company (QEWC) announced yesterday it will buy the remaining 40 percent of Nebras Power from Qatar Holding for...

QIB receives two prestigious awards from EMEA Finance 06 Jan 2022 - 09:55 am

Doha: Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has recently received two prestigious awards: “Best Islamic bank in Qatar” for the fifth...

Higher oil prices help Mideast return to growth 06 Jan 2022 - 09:55 am

Doha: On the back of higher oil prices and a stronger global economic environment, the Middle East returned to growth in 2021, with...

Nike sues Lululemon over Mirror Home Gym, apps 05 Jan 2022 - 11:52 pm

NEW YORK- Nike Inc on Wednesday filed a lawsuit accusing Lululemon Athletica Inc of patent infringement for making and selling the Mirror Home...

Banks public sector deposits grow 12% in Nov 05 Jan 2022 - 09:28 am

Doha: The banking sector in Qatar demonstrated resilience and has registered an impressive growth in November. Qatar’s commercial banks have witnessed a increase...

QIIB chosen ‘Strongest Islamic Retail Bank in Qatar’ 05 Jan 2022 - 09:25 am

Doha: Qatar International Islamic Bank (QIIB) has been chosen as the ‘Strongest Islamic Retail Bank in Qatar’ as part of ‘Islamic Retail Banking...

Non-energy private sector continues to expand rapidly at end of 2021 05 Jan 2022 - 09:23 am

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

Hospitality sector a sweet spot for Qatar’s job market 05 Jan 2022 - 09:21 am

Doha: Qatar’s hospitality sector, which is now bouncing back stronger from the impact of the COVID-19 pandemic, is a sweet spot in the...

QCB issues QR600m treasury bills for Jan 05 Jan 2022 - 09:20 am

Doha: Qatar Central Bank (QCB) issued yesterday treasury bills for three, six and nine months, with a value of QR600m. In a statement...

Qatar, Sri Lanka review relations 05 Jan 2022 - 09:19 am

Governor of the Qatar Central Bank H E Sheikh Bandar bin Mohammed bin Saoud Al Thani met yesterday with Governor of the Central...

Ooredoo Group and CK Hutchison create Indonesia’s second largest mobile telecoms company 04 Jan 2022 - 05:01 pm

Doha: Ooredoo and CK Hutchison today announced the completion of the proposed merger of their respective telecommunications businesses in Indonesia, Indosat Ooredoo and...

Shopping on social media seen hitting $1.2 trillion by 2025 04 Jan 2022 - 11:47 am

Shopping on social networks such as Facebook, TikTok and WeChat is going to grow three times faster than sales from traditional channels over...

QIC holds ‘Time Capsule’ event, aims to be world’s largest insurance company 04 Jan 2022 - 09:48 am

Doha: Qatar Insurance Group (QIC), the largest insurance company in the Mena region, held the “Time Capsule” event at its headquarters recently where...