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 […]
QSE ties up with LSEG to launch new electronic trading system
As part of its strategic plan aimed at transforming Doha into a leading investment hub in the region, the Qatar Stock Exchange (QSE) on Tuesday launched a new and high-performing trading platform built on the advanced technology used by many global capital markets. The new trading platform provides innovative, robust, and scalable solutions that align […]
MPHC records first quarter net profit of QR269 mn on revenue of QR721 mn
Mesaieed Petrochemical Holding Company (MPHC) on Sunday announced a net profit of QR269 million for the three-month period ended 31 March 2023, representing a decline of 39% compared to 1Q-22. Macroeconomic climate wavered during the first quarter of 2023, marked by several factors carried forward from last year which affected the commodity markets, including […]
AI key topic at Riyadh Arab securities authorities meeting attended by Qatar
The State of Qatar participated in the 17th meeting of the Union of Arab Securities Authorities (UASA) Board held Monday in Riyadh, in the presence and participation of representatives of the Union’s members. Qatar was represented in the meeting by a delegation headed by Chief Executive Officer of Qatar Financial Markets Authority (QFMA) Tamy […]
Qatar First Bank Holds its Extraordinary General Meeting
Qatar First Bank LLC (Public) (“QFB” or the “Bank”), held its Extraordinary General Meeting (EGM) on Monday, 01 August 2022 and approved all agenda items.The EGM, chaired by QFB’s Vice Chairman Mr. Mohammed Yousef Al Mana, was held virtually via Zoom. In attendance were members of QFB’s board of directors (the “Board”), shareholders, and the […]
Strong H1 results continue to lift QSE index higher
Qatar’s stock market gained for the second day this trading week thanks to strong local fundamentals and company earnings in in the first half 2022.The general index of the Qatar Stock Exchange (QSE) recorded an increase of 99.08 points, or 0.74 percent, to reach 13,469.110 points on Monday.During today’s session, 390.121 million shares were […]
Milaha announces resignation of president and CEO
Qatar Navigation Company (Milaha) on Monday announced the resignation of the company’s president and CEO Abdulrahman Essa Al Mannai in order to pursue other duties. Milaha stated that the company’s board of directors have accepted the resignation of the Group President and CEO and named Mohammed Abdulla Swidan, executive vice president of “Milaha Offshore and […]
IHG reveals multiple projects in different sectors
Investment Holding Group (IHG) has announced that it was getting ready to reveal two new healthcare projects in cooperation with international health care organizations. The first project is The View Hospital in cooperation with Cedars Sinai in the USA. The second project is the Korean Medical Center in cooperation with the most prominent service providers […]
Dukhan Bank’s Q1 profit rises 47% to QR392 million
Dukhan Bank on Wednesday announced that the bank’s net profit increased 47 percent to QR392 million in the first quarter of 2022 compared with the same quarter of the previous year. In the first three months period of 2022, the bank’s total assets exceeded QR108 billion and the total financing assets rose to QR75 billion, […]