Qatar news

Photo Credit: Arabianeye-Reuters
23 April 03:29 PM Nakilat profits down 20% in Q1-17
Doha - Mubasher: The financial statements of Qatar Gas Transport Company (Nakilat) showed a decline in profits in the first quarter this year by 20.4% year-on-year. According to the company’s statement to the Qatar Stock Exchange (QSE), profits …
(Photo Credit: Company website)
23 April 03:09 PM Nakilat discusses Q1 results 23 April
Doha – Mubasher: Qatar Gas Transport Company (Nakilat) announced that it discussed its consolidated financial statements for the first quarter of 2017 on Sunday. Net profits stood at QAR 191 million in Q1-17, compared to QAR 240 million in Q1-16, …
(Photo Credit: Arabianeye-Reuters)
23 April 02:34 PM China achieves $24bn trade surplus in March
Mubasher: China’s trade surplus reached $23.92 billion in March, with a slight decrease compared to the preliminary reading of $23.93 billion, according to data released by the General Administration of Customs (GAC) on Sunday. Imports priced in …
(Photo Credit: Arabianeye-Reuters)
23 April 01:28 PM QSE ends Sunday down; real estate, banks weigh
Doha – Mubasher: The main index of the Qatar Stock Exchange (QSE) closed Sunday’s trading session 0.43% or 44.28 points lower, reaching 10,197.33 points. Traded volume dropped to 6.8 million shares on Sunday against 11.57 million shares on …
(Photo Credit: Company Website)
23 April 10:19 AM Ooredoo to be listed on Maldives bourse
Doha – Mubasher: Ooredoo has announced its plans to list 40% of Ooredoo Maldives on the Maldives Stock Exchange (MSE) on 30 April. Ooredoo Maldives plans to offer the securities through an initial public offering (IPO) open to Maldivian and …
(Photo Credit: Arabianeye-Reuters)
23 April 09:22 AM Moody's upgrades Damaan Islamic Insurance to 'Baa1'
Mubasher: Moody's Investors Service has upgraded the insurance financial strength rating (IFSR) of Damaan Islamic Insurance Company (Beema) to "Baa1" from "Baa2", according to a statement. The rating agency maintained the “positive” outlook for …
One of Mazaya Qatar's general meetings (Photo Credit: Mubasher)
23 April 08:25 AM Mazaya Qatar to disclose Q1 results late April
Doha – Mubasher: Mazaya Qatar Real Estate Development will announce on 26 April its financial statements for the first quarter of 2017, according to a bourse statement. The company's general profits amounted to QAR 74.63 million in 2016, down …
Photo Credit: Arabianeye-Reuters
22 April 08:02 PM Saudi Arabia to launch biggest goldmine Monday
Riyadh - Mubasher: Saudi Prince Khalid al-Faisal Al Saud, the Governor of Makkah, will officially inaugurate on Monday Al Dawaihi goldmine and factory, the biggest goldmine in Saudi Arabia. The goldmine is owned by the Saudi Arabian Mining Company …
(Photo Credit: Arabianeye-Reuters)
21 April 07:52 PM European stocks mixed at Friday’s close
Mubasher: European stocks saw a volatile performance on Friday, amid anticipations of economic data. The German DAX index rose 0.18% or 21.25 points to 12,048.57 points. The Stoxx Europe 600 index also added 0.02% or 0.06 to reach 378.12 points by …
(Photo Credit: Arabianeye-Reuters)
21 April 06:47 PM Oil prices down on NYMEX Friday
Mubasher: Oil prices saw a “steep” decline in Friday’s trading session, with NYMEX crude oil futures falling below $50 per barrel (pb).  Brent crude futures fell 2% to reach $51.95 pb by 4:35am UAE time.  NYMEX crude oil futures retreated 2.1% to …
(Photo Credit: Arabianeye-Reuters)
21 April 02:05 PM General Electric swings to profits in Q1
Mubasher: General Electric turned profitable in the first quarter ended 31 March 2017, according to a statement. The company generated net profits of $619 million in the three-month period of 2017, against losses of $61 million in the same period …
(Photo Archive)
21 April 11:17 AM Sony preliminary profits beat expectations
Mubasher: Sony reported higher-than-expected preliminary profits in the fiscal year ended March 2017, according to a statement. The Tokyo-based company posted preliminary operating profits of 285 billion yen ($2.6 billion) for the fiscal year …
(Photo Credit: Arabianeye-Reuters)
21 April 10:27 AM European stocks open Friday higher
Mubasher: European stocks opened Friday’s trading session in the green zone, amid anticipations of some economic data The Stoxx Europe 600 index rose 0.05% to reach 378.24 points by 8:15am GMT. Britain’s FTSE 100 index grew 0.10% to 7,125.9 …
(Photo Credit: Arabianeye-Reuters)
20 April 04:55 PM QSE to start market-making activities in H2
Doha – Mubasher: The Qatar Stock Exchange (QSE) and Qatar Financial Markets Authority (QFMA) announced discussing the final steps for market-making activities that are expected to be launched in the second half of 2017. The activities will be …
(Photo Credit: Arabianeye-Reuters)
20 April 02:56 PM QSE sheds 209.86 pts in week
Doha – Mubasher: The main index of the Qatar Stock Exchange (QSE) closed 2.01% or 209.86 points lower, reaching 10,241.61 points in the week ended Thursday, against 10,451.47 points in the previous week. Liquidity dropped 11.02% reaching QAR …
(Photo Credit: Arabianeye-Reuters)
20 April 01:46 PM QSE ends Thursday down on transport, industrials
Doha – Mubasher: The main index of the Qatar Stock Exchange (QSE) closed Thursday in the red losing 0.53% or 54.35 points, reaching 10,241.61 points. The transportation sector led losers with 1.29%, as Milaha, Nakilat, and Gulf Warehousing lost …
The GCC Petroleum Media Forum in Abu Dhabi
20 April 12:25 PM Russia nods to oil output cut renewal – Kuwait official
By: Amr Adel Abu Dhabi – Mubasher: The oil minister of Kuwait, Essam Al-Marzouq, on Thursday said that Russia has approved in principle extending the agreement of reducing oil production to later than June. Russia’s compliance with the output …
Photo Credit: Arabianeye-Reuters
20 April 10:20 AM Kuwait likely to renew oil output reduction deal
By: Amr Adel Abu Dhabi – Mubasher: The agreement previously sealed for reducing oil production may be extended to later than June, endorsed by the commitment of non-members of the Organization of Petroleum Exporting Countries (OPEC), the oil …
(Photo Credit: Arabianeye-Reuters)
20 April 10:18 AM QSE opens Thursday down; industrials, transport weigh
Doha – Mubasher: The main index of the Qatar Stock Exchange (QSE) fell 0.76% or 78.27 points to 10,217.69 points in Thursday’s early trades. By 10:02 am Qatar time, the sectors dropped collectively, with the exception of the insurance sector which …
(Photo credit: Mubasher's archive)
20 April 09:59 AM Doha Insurance Q1 profits up 22%
Doha – Mubasher: Doha Insurance Company on Thursday announced an increase of 22.3% in its profits for the first quarter of 2017, compared to the same period in 2016. The company’s profits stood at QAR 27.4 million ($7.52 million) in Q1-17, …
Traders at Boursa Kuwait (Photo Credit: Arabianeye-Reuters)
20 April 07:57 AM GCC exchanges likely see important resistance - Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets will test important resistance levels on Thursday and next week, amid the economic changes the region is witnessing, Mohamed Radwan, a member of the International Federation of Technical Analysts …
(Photo credit: Mubasher’s Photo archive)
19 April 06:36 PM Islamic Holding Q1 profits surge 478%
Doha – Mubasher: Islamic Holding Group’s net profits jumped 477.5% in the first quarter of 2017, compared to the same period in 2016. Net profit reached QAR 1.31 million ($359,520) in Q1-17, compared to QAR 226,860 ($62,260) in Q1-16, according to …
The company targets to establish up to 50 distribution centres during the upcoming period - (Photo Credit: Kansai's Press Release)
19 April 05:40 PM Kansai Paint to expand in GCC
Mubasher – Dubai: Japanese paint and coatings manufacturer Kansai Paint aims to expand its activities in GCC countries, according to a company press release on Wednesday. The company targets to establish up to 50 distribution centres during the …
Photo Credit: Arabianeye-Reuters
19 April 05:12 PM GIS posts QAR 15.08m profits in Q1
Mubasher: Gulf International Services (GIS) posted a plunge of 80.9% in profits during the first quarter of 2017 when compared to the same period of 2016. The earnings shrank to QAR 15.08 million ($4.14 million) in Q1-17 from QAR 78.93 million …
(Photo Credit: Previous Bank's Press Release)
19 April 04:01 PM Al Khalij Bank Q1 profits up 3% to QAR 161m
Doha – Mubasher: Al Khalij Commercial Bank on Wednesday announced a growth of 3.1% in profits for the first quarter of 2017, compared to the same period of 2016. Profits stood at QAR 160.95 million ($44.17 million) in Q1-17, compared to QAR 156.19 …