Industries Qatar posts H1 net profit of QR2.1 bn
Industries Qatar (IQ) has reported a net profit of QR2.1 billion for the six-month period ending June 30, 2023, marking a 62 percent drop compared to the same period last year. The macroeconomic environment continued to pose challenges during the first half of 2023, with persistent geopolitical uncertainties and fears of recession driven by […]
Baladna achieves 7% revenue growth and QR42 million net profit in H1 2023
Baladna has achieved an increase of 7%in revenue in first half of 2023, totaling QR517 million, and experienced a marginal decline in net profit to QR42 million compared to the same period last year. Baladna disclosed its H1 2023 financial results on Sunday, covering the six months period ending 30 June 2023. For Q2 2023 […]
QIIB net profit reached QR615 mn with a growth rate of 7.7%
QIIB on Tuesday posted a net profit of QR615 million for the first six months of 2023, up 7.7 percent compared to the same period in 2022. Earnings per share reached QR 0.41. Sheikh Abdullah bin Thani bin Abdullah Al Thani, Chairman of QIIB Board of Directors, expressed his satisfaction with QIIB’s performance, […]
QFZ, QDB collaborate to enhance Qatar’s investment climate
Qatar Free Zones Authority (QFZ) and Qatar Development Bank (QDB) announced their cooperation in a new joint initiative to strengthen and enhance the investment climate in Qatar by supporting investors operating in the free zones through a wide range of financial and advisory programmes and services provided by QDB. This comes as part of the […]
QCB governor meets with Saudi counterpart
Governor of Qatar Central Bank (QCB) Sheikh Bandar bin Mohammed bin Saoud Al Thani met with Governor of Saudi Central Bank Ayman Al Sayari on Monday. The meeting discussed bilateral cooperation between the two countries in the financial and banking fields. Qatar tribune
Qatar to host International LNG conference in 2026
Qatar will host the 21st International Conference & Exhibition on Liquefied Natural Gas “LNG 2026”, a preeminent world event in the LNG industry that showcases the continued growth and development of the sector worldwide. The hosting of this unique platform for the global LNG industry will coincide with the historic start-up of the North […]
Qatar Airways reports record revenues as expansion continues
Qatar Airways Group has again reported a strong financial performance, stated its annual report for 2022/23. The airline credits the positive results to its successful strategy during an extraordinary year for the Group as FIFA’s Official Partner and Official Airline of the FIFA World Cup Qatar 2022 along with its premium product focused on delivering […]
Total assets of Qatar’s banking sector stood at QR1.880 trillion in May 2023: QNBFS
Total assets of Qatar’s banking sector stood at QR1.880 trillion in May 2023, QNB Financial Services (QNBFS) said in its monthly report onTuesday. According to the report, Qatar’s banking sector total loan book went up 0.2 percent MoM and deposits dropped by 1 percent in the month ofMay 2023. The private sector pushed the […]
QIB ties up with Visa to launch exclusive summer campaign
Qatar Islamic Bank (QIB) and Visa are pleased to announce the launch of their highly anticipated summer offer. Cardholders using their QIB Visa Debit or Credit Card for international purchases and Visa Credit Card for domestic purchases will have the opportunity to win one of 3 BMW iX40 electric vehicles. This year’s grand prize is […]
QIIB launches summer campaign for Visa cards in collaboration with Qatar Airways Privilege Club
QIIB has announced the launch of a special offer for Visa cardholders which provides them with the opportunity to enter a draw for the chance to win prizes from a grand total of 5 million bonus Avios, in collaboration with the Qatar Airways Privilege Club. As part of this offer, all QIIB Visa credit […]