QatarEnergy enters Suriname offshore exploration
QatarEnergy has entered into two Production Sharing Contracts for Blocks 6 and 8 offshore the Republic of Suriname, following successful bids in these blocks, as previously announced in June 2021. Pursuant to the signed agreements, QatarEnergy will own a 20 percent working interest in both blocks, where licensing of the new 3D seismic and associated […]
Industries Qatar posts a net profit of QR 1.2 billion for the three-month period ended 31 March 2023
Industries Qatar, a leading industrial conglomerate, announced its financial results for the first quarter of 2023, reporting a net profit of QR 1.2 billion. This represents a decline of 57% compared to the same period last year. The company faced a challenging macroeconomic environment during the first quarter of 2023. Geopolitical uncertainty stemming from […]
GWC Energy to bolster global oil and gas industry
GWC Group has illustrated its unwavering commitment to facilitating the growth and development of Qatar’s energy industry by unveiling a new subsidiary that will support increased demand for energy across the globe. GWC Energy W.L.L will deliver solutions to clients in the energy sector and set new standards in integrated shipping, logistics and marine […]
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 […]
Adopting new technologies to help Qatari banks transform businesses, says Kiswani
Responding to new market demands, banks in Qatar are acting quickly and transforming into a digitally enabled version of themselves. In an exclusive interview with Qatar Tribune, Financial Services Partner PwC Middle East Ahmed Al Kiswani talks about the various aspects of banking digitalisation aimed at enhancing profitability, scaling up operations and improving customer […]
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 […]
CB wins award for ‘The Best Customer Service Initiative’
Commercial Bank (CB), the most innovative digital bank in Qatar, has been recognised as the winner of the 2023 International Finance Banking award for ‘The Best Customer Service Initiative’ in Qatar. The bank sets the benchmark in delivering exceptional service initiatives that enhance customer experiences, focusing on digital service platforms and the Customer Contact […]
Qatar Airways wins two major prizesat Business Traveller ME Awards 2023
Qatar Airways, the national carrier of Qatar, has won two prestigious awards at the Business Traveller Middle East Awards 2023. The awards ceremony was held during the Arabian Travel Market (ATM) 2023 in Dubai and recognised the airline’s commitment to delivering exceptional service to its passengers. Qatar Airways was named the ‘Airline with the Best […]
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 […]
MwaniQatar: Shipment in April up 114%
Data released by MwaniQatar on Monday said that shipments of general and bulk cargo registered a year-over-year growth of 114 percent to more than 249,866 tonnes in last April compared to April 2022. Livestock volumes increased by 632 percent to reach 70,182 heads, while the volumes of building material rose by 15 percent to […]