Qatar news

(Photo Credit: Arabianeye-Reuters)
27 February 08:09 PM S&P expects GCC commercial borrowing to fall to $75bn
  Mubasher: Standard & Poor’s said in a new report that it expects long-term gross sovereign commercial borrowing for the six member states in the GCC to decline to $75 billion in 2017, from $105 billion in 2016. Sovereign commercial debt with an …
(Photo Credit: Arabianeye-Reuters)
27 February 05:52 PM Qatar transport sector profits fall 52% in Q4
By: Eman Ghaly Doha – Mubasher: Financial data by Qatar-listed transport companies showed a sharp drop in profits attributable to shareholders in the fourth quarter of 2016 by 51.6%, compared to figures from the same period in 2015. Profits by …
The price per litre of diesel is set to reach QAR 1.55 on 1 March - (Photo Credit: Arabianeye-Reuters)
27 February 04:52 PM Qatar to raise fuel prices by QAR 0.05 in March
Doha – Mubahser: Qatar's Ministry of Energy and Industry decided to raise the prices of diesel, super, and premium grade fuel by QAR 0.05 (5 dirhams). The price per litre of diesel is set to reach QAR 1.55 on 1 March, compared with QAR 1.50 in …
The benchmark index ended Monday’s trades on a positive note (Photo Credit: Arabianeye-Reuters)
27 February 02:01 PM Industry, real estate boost QSE at close Monday
Doha – Mubasher: The Qatar Stock Exchange’s (QSE) benchmark index ended Monday’s trades on a positive note, backed by four of its sectors, particularly industry and real estate. The index edged up 0.02% or 1.73 points and closed at 10,938.80 …
Previous QIIB shareholders' meeting (Photo Credit: Mubasher)
27 February 11:07 AM QIIB opens new bank in Morocco
Doha – Mubasher: Qatar International Islamic Bank (QIIB) announced the launch of a new bank with a capital of MAD 600 million ($57.8 million) in Morocco, according to a bourse filing.  QIIB will be opened in partnership with local lender Credit …
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27 February 10:39 AM Salam International OGM approves QAR 0.80/shr dividends
Doha – Mubasher: Salam International Investment’s ordinary general meeting (OGM) has approved the distribution of cash dividends of QAR 0.80 per share (8% of the paid-up capital) for fiscal year 2016. The OGM also approved the company’s balance …
The Qatar Stock Exchange (Photo credit: Arabianeye - Reuters)
27 February 10:18 AM Qatar index down 0.27% in early trade
Doha – Mubasher: The main index of the Qatar Stock Exchange (QSE) declined at Monday’s open by 0.27% or 29.09 points to the level of 10,907.98 points. The index was pressured by a fall of 1.45% in Ezdan, 0.36% in QNB, and 0.08% in Qatar …
The company’s capital amounts to QAR 1.86 billion (Photo Credit: Company Website)
27 February 08:25 AM GIS shareholders approve annual dividends
Doha – Mubasher: Gulf International Services (GIS) said its shareholders approved 10% cash dividends, equivalent to QAR 1 per share, for the fiscal year which ended on 31 December 2016, according to a bourse statement. Total dividend payout stands …
Traders at DFM (Photo Credit: Arabianeye-Reuters)
27 February 06:09 AM Gulf exchanges need new liquidity – Analysts
By: Mahmoud Gamal Mubasher: Most Gulf markets need the entry of new liquidity to be able to break important resistance levels on Monday, amid the control of speculations and the decline of oil prices, capital market analyst Ahmed Akl told …
Photo Credit: Mubasher
26 February 03:20 PM QEWC unit acquires stake in 3 firms
Mubasher: Qatar Electricity and Water Co (QEWC) said that its subsidiary Nebras Power acquired three companies, namely BTU Power Company, Asia Gulf Power Holding Company, and Asia Gulf Power Service Company. The overall value of the acquisition …
The Qatar Stock Exchange (Photo credit: Arabianeye - Reuters)
26 February 01:56 PM QSE closes 0.11% higher
Doha – Mubasher: The main index of the Qatar Stock Exchange (QSE) ended Sunday’s session rising by 0.11% or 11.67 points to the level of 10,937.07 points. Trading volume decreased to 6.91 million shares from 11.2 million shares exchanged on …
The company announced Sunday a decline of 35.3% in profits  (Photo Credit: Mubasher)
26 February 11:22 AM Qatar Navigation stock falls to QAR 88
Mubasher: The stock of Qatar Navigation dropped 4.45% to reach QAR 88 by 11:15am Doha time on Sunday, posting the lowest level since December, 2016. In line with the disclosure of the annual financials, the stock posted liquidity of QAR 4.6 …
Qatar National Bank (QNB) was the most active stock by 10:10am Qatar time (Photo Credit: Arabianeye-Reuters)
26 February 10:23 AM QSE down in Sunday’s early trades
Doha – Mubasher: The Qatar Stock Exchange (QSE) saw a negative performance in Sunday’s early trades, weighed down by the fall of transportation and real estate stocks. The general index fell 0.28% or 32.74 points to reach 10,892.66 points by …
Moody’s assigned an A2 credit rating to the new bond issue (Photo Credit: Arabianeye-Reuters)
26 February 09:46 AM Ahli Bank completes 5-year bond transaction
Doha – Mubasher: Ahli Bank has completed a further $500 million worth of fundraising under its $1.5 billion EMTN programme in international debt capital markets. The 5-year bond carries a coupon rate of 3.50%, according to a statement. “Over 170 …
The company’s board recommended 35% cash dividends for fiscal year 2016 (Photo Credit: Company Website)
26 February 09:15 AM Qatar Navigation swings to losses in Q4
Doha – Mubasher: Qatar Navigation witnessed losses in the fourth quarter of 2016, according to a statement. The company suffered losses of QAR 47.54 million ($13.05 million) in Q4-16, against profits of QAR 135.53 million ($37.2 million) in Q4-15. …
Gold prices are expected to decline to 1,220-1,200 points (Photo Credit: Arabianeye-Reuters)
26 February 06:17 AM US dollar likely to strengthen; gold prices to decline
By: Mahmoud Gamal Mubasher: The US dollar is expected to rise this week, amid anticipations of strong economic data that will increase the possibility of a rate hike by the US Federal Reserve next month; thus, pushing gold prices down. The US …
Traders at the Abu Dhabi Securities Exchange (ADX) (Photo Credit: Arabianeye-Reuters)
26 February 05:52 AM Investors likely to buy GCC stocks ahead of dividends
By: Mahmoud Gamal Mubasher: Most Gulf stock markets are expected to rise as portfolio investors will increase their positions, in line with the volatility of global stock and oil markets, analysts told Mubasher. Portfolio investors are likely to …
Omani crude oil reached $53.43 per barrel - (Photo Credit: Arabianeye-Reuters)
25 February 04:07 PM Oman oil down 12 cents
Mubasher: The price of Oman oil for April delivery decreased by 12 cents per barrel, according to the Dubai Mercantile Exchange (DME). Omani crude registered $53.43 per barrel (pb) on Friday, compared to $54.44 pb on Thursday. It’s worth noting …
Kuwait Crude Oil registered $52.71 per barrel on Friday - (Photo Credit: Arabaineye-Reuters)
25 February 12:28 PM Kuwait oil down 23 cents
Kuwait - Mubasher: The price of Kuwaiti oil barrel dropped 23 cents, Kuwait Petroleum Corporation (KPC) said Saturday. Kuwait crude reached $52.71 per barrel (pb) on Friday compared to $52.94 last Thursday, Kuwait News Agency (KUNA) reported. In …
(Photo credit: Arabianeye-Reuters)
24 February 02:39 PM Oman oil down 12 cents in Friday's trades
Mubasher: The price per barrel of Omani oil declined on Friday, according to data released by the Dubai Mercantile Exchange (DME). Omani oil for April delivery declined to $55.54 pb, compared to its closing price of $55.66 pb on Thursday. …
(Photo credit: Arabianeye-Reuters)
24 February 10:53 AM Oil prices down Friday after US data
Mubasher: The prices of oil declined on Friday after economic data showed a rise in US oil and natural gas stockpiles. Brent crude (for April delivery) decreased 0.18% to $56.4 per barrel. Late Thursday, the Energy Information Administration (EIA) …
Market cap gained 1.6% in week (Photo Credit: Arabianeye-Reuters)
23 February 04:29 PM Qatari bourse sees positive performance throughout week
Mubasher: The benchmark index of Qatar Stock Exchange (QSE) rose by 0.98% to reach 10,925.40 points by the week which ended on 23 February, as compared to 10,819.30 points by the week that ended on 16 February. Liquidity increased by 55.3% to …
Vodafone Qatar was the top gainer (Photo credit: Arabianeye-Reuters)
23 February 02:11 PM QSE falls on real estate stocks Thursday
Doha – Mubasher: The Qatar Stock Exchange (QSE) saw a negative performance on Thursday, weighed down by the fall of real estate stocks. The main index sank 0.25% or 27.26 points to reach 10,925.40 points. The real estate sector topped losers with …
The Qatar Stock Exchange (Photo credit: Arabianeye - Reuters)
23 February 10:21 AM Qatar index loses 0.19% in early trade
Doha – Mubasher: The main index of the Qatar Stock Exchange (QSE) fell at Thursday’s open by 0.19% or 20.42 points to the level of 10,932.24 points. By 10:10am Doha time, trading volume reached 2.4 million shares exchanged at QAR 93.6 million …
Qatari Investors turned profitable after generating QAR 277.045 million in 2016 (Photo Credit: Arabianeye-Reuters)
23 February 09:36 AM Qatari Investors approves dividends for 2016
Doha – Mubasher: Qatari Investors Group said its shareholders gave the go-ahead on Wednesday, 22 February, to the proposed 10% cash dividends, equivalent to QAR 1 per share, for the fiscal year 2016. Total recommended dividends stand at QAR 124.3 …