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 […]
Qatar seeks to boost trade ties with US at investment summit
Qatar participated in the 2023 SelectUSA Investment Summit held from May 1 to May 4 in Washington DC. The Summit was attended by Assistant Undersecretary for Industry and Business Development Affairs at the Ministry of Commerce and Industry Saleh Majed Al Khulaifi. Qatar’s participation in SelectUSA Investment Summit aligns with its keenness to strengthen […]
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’s Producer Price Index down 2.56% in March
The Producer Price Index (PPI) of the industrial sector of the State of Qatar for March 2023 recorded 121.95 points, showing a decrease of 2.56 percent when compared to February 2023. On Y-o-Y basis, PPI of March 2023 showed a decrease of 16.88 percent when compared to the PPI of March 2022. The PPI […]
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 […]
AAB workshop for Toyota commercial vehicles promises quick turnaround time
Abdullah Abdulghani & Bros. Co. (AAB), the distributor of Toyota and Lexus vehicles in Qatar, has said that it would continue its investment and leadership in after-sales sector. By understanding that quick turnaround time is of utmost importance to its customers, AAB opened a dedicated commercial vehicles workshop last year. The workshop is located in […]
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 […]
Real estate demand in London recovers from COVID-19 pandemic: QIB report
QIB-UK, based in the heart of London’s Mayfair district, has released an expert view of the real estate market in the UK and London in particular, which remains one of the top international destinations for Qatari nationals.The prime London sales market is in a sweet spot. Demand in the capital has recovered from the depths […]
QSE investors gain QR17 bn in one week as bull run continues
Maintaining its bullish trend for the second week in a row, the Qatar Stock Exchange (QSE) index gained 412.93 points, or 3.25 percent, during the week to close at 13,122.05 points. The bull run saw QSE investors gain almost QR17 billion this week as market capitalisation increased by 2.4 percent to QR722.1 billion compared with […]
Qatar First Bank AcquiresGateway Plaza Building in the US
The acquisition is the Bank’s eleventh Shari’a compliant real estate investment in the US, located in Richmond, Virginia and reaffirms its strategic direction to secure viable investments in the US Real Estate MarketQatar First Bank LLC (Public) (QFB) has acquired the Gateway Plaza building in Richmond, Virginia, USA. The new acquisition is a Class AA […]