Qatar news

Over the week, the main index fell 0.58% or 48.71 points to 8,360.77 points, from 8,409.48 points last week
22 September 01:52 PM QSE closes week losing QAR 2.5bn
Mubasher: The Qatar Stock Exchange (QSE) ended the week on Thursday, 21 September, losing QAR 2.5 billion ($692.97 million). Over the week, the main index fell 0.58% or 48.71 points to 8,360.77 points, from 8,409.48 points last week. Market …
Meanwhile, three sectors tumbled, with real estate being the top loser, slipping 0.14%, weighed by Ezdan’s 0.37% decline
21 September 02:47 PM QSE closes in green Thursday
Mubasher: The general index of the Qatar Stock Exchange (QSE) rose at close on Thursday, pushed by gains in four sectors led by the industrials sector. The general index grew 0.15% or 12.72 points to 8,360.77. The industrials sector added 1.03% …
Google signed a $1.1 billion dollar agreement with HTC Corporation to purchase a stake of its operations
21 September 01:02 PM Google buys $1.1bn stake in HTC
Mubasher: Google signed a $1.1 billion dollar agreement with HTC Corporation to purchase a stake of its operations. Alphabet Inc., Google's owner on Thursday stated that some of HTC’s employees will join Google, as well as Google will receive a …
The total value of credit facilities rose to QAR 900.02 billion from QAR 891.21 billion
20 September 06:49 PM Credit facilities rise to QAR 900bn in August - QCB
Mubasher: Qatar Central Bank (QCB) statements showed a 0.99% month-on-month increase, or QAR 8.81 billion, in credit facilities by the end of August. The total value of credit facilities rose to QAR 900.02 billion ($249.11 billion) from QAR 891.21 …
“However, this investor class has seldom been researched in detail despite its widespread influence in the economy,” the report commented
20 September 03:59 PM Pension funds important for GCC stability, growth – Marmore
Mubasher: Pension funds across the GCC are the second largest set of institutional investors in the region after the Sovereign Wealth Funds (SWFs), according to a report by Marmore MENA Intelligence, a subsidiary of Kuwait Financial Centre …
The main index grew 0.71% to 8,348.05 points, gaining 58.82 points.
20 September 03:29 PM Leading stocks back QSE rise on Wednesday
Mubasher: The Qatar Stock Exchange (QSE) closed on Wednesday in green, backed by the rise in all sectors. The main index grew 0.71% to 8,348.05 points, gaining 58.82 points. The real estate sector led gainers with 0.96%, backed by Barwa Real …
He added that through BSO’s “low-latency and highly resilient connectivity service” traders can enjoy transparent and secure trading
20 September 01:52 PM DGCX enables trading from London via BSO
Dubai – Mubasher:  The Dubai Gold and Commodities Exchange (DGCX) announced that BSO Network Solutions enhanced its Market Data Connect service to enable direct trading and market data access between it and Interxion London. The service will give …
Qatargas will deliver 1.5 million tonnes of Liquefied Natural Gas (LNG) per annum for three years
20 September 12:08 PM Qatargas, BOTAŞ sign LNG agreement
Mubasher: Qatargas on Wednesday announced that it signed a medium-term sales and purchase agreement with Turkish BOTAŞ Petroleum Pipeline Corporation (BOTAŞ). Under the terms of the agreement, Qatargas will deliver 1.5 million tonnes of Liquefied …
Kuwait’s crude oil decreased by 7 cents to reach $52.59 per barrel
20 September 11:27 AM Kuwait’s crude oil down 7 cents Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 7 cents to reach $52.59 per barrel (pb) on Tuesday compared to $52.66 pb on Monday, according to a the latest data issued by the Kuwait Petroleum Corporation (KPC). The U.S. Energy Information …
Foreign deposits declined from $51 billion to $43 billion in July
19 September 05:24 PM Foreign deposits’ drop effect ‘limited’ in Qatar - IIF
Mubasher: The Institute of international Finance (IIF) expected that the decline in foreign deposits in Qatar would have a minimal impact, as the government supporting the liquidity levels in banks. Foreign deposits declined from $51 billion, …
The rise in the general index was backed by the increase in turnover by 28.8%
19 September 03:22 PM QSE closes Tuesday in green, volume rises
Mubasher: The Qatar Stock Exchange (QSE) closed Tuesday rising 0.13% or 10.5 points to 8,289.23 points. The rise in the general index was backed by the increase in turnover by 28.8% to QAR 241.09 million from QAR 187.16 million, and the hike in …
The two MoUs aim to achieve long-term sustainability and energy conservation in line with the Qatar National Vision 2030
19 September 01:52 PM HIA, Qatar Airways sign MoUs with Tarsheed
Mubasher: Hamad International Airport (HIA) on Monday announced that it signed, along with Qatar Airways, two Memorandums of Understanding (MoUs) with KAHRAMAA’s National Programme for Conservation and Energy Efficiency, ‘Tarsheed’. The two MoUs …
The first phase will cost around $500 million
19 September 01:16 PM QEWS sets 500 MW solar energy project
Mubasher: Qatar Electricity and Water Company announced an allocation to a piece of land in Kharsa’ah for the solar energy project, whose first phase will produce around 500 to 1000 megawatts, according to the managing director Fahd Hamad Al …
The United States expected shale oil production to rise by 79,000 barrels per day
19 September 01:07 PM Kuwait crude oil up 36 cents Monday – KPC
By: Mohammad Farouk Mubasher: The price of Kuwait’s crude oil increased by 36 cents to reach $52.66 per barrel (pb) on Monday compared to $52.30 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). At the …
Doha Metro is consisted of four lines, covering and connecting most of the Doha regions.
19 September 12:11 PM Qatar Rail ends Doha Metro red line tunnels
Mubasher: Qatar Rail on Monday announced finishing the construction works in the red line tunnels of Doha Metro, according to its official account on Twitter. Qatar Rail also announced the diversion of part of Al Wakra Road between Al Wakra …
DIG has strong risk-adjusted capitalisation
19 September 09:07 AM A.M. Best affirms DIG ratings
Doha – Mubasher: A.M. Best affirmed Doha Insurance Group’s (DIG) financial strength rating of “A-” and the long-term issuer credit rating of “a-”, according to a statement. The ratings agency added that outlook of these credit ratings is stable. …
The company is working on finishing the Water Mega Reservoirs project in the first quarter of 2018
18 September 03:03 PM Kahramaa to offer QAR 19bn investment openings until 2022
Mubasher: President of Qatar General Electricity and Water Corporation (Kahramaa) Essa Bin Hilal Al Kuwari said that his company needs more than QAR 19 billion until 2022, according to Al Sharq newspaper. Kahramaa needs QAR 7 billion to invest in …
The drop was influenced by the decline in six sectors
18 September 02:23 PM QSE closes Monday with 1.2% drop
Mubasher: The Qatar Stock Exchange (QSE) closed Monday in red, dropping 1.15% or 96.42 points to 8,278.76 points. The drop was influenced by the decline in six sectors, led by the industrial sector with 1.23%, pressured by the decline in eight …
QIC’s profits retreated 27.4% in the second quarter of 2017 to QAR 203.5 million versus QAR 280.1 in the year-ago period
18 September 12:25 PM QIC closes Abu Dhabi branch
Doha – Mubasher: Qatar Insurance Company (QIC) declared on Monday that its business licence for its branch in Abu Dhabi was not renewed due to the current political situation in the region. “We are sorry to inform you that the company will have to …
Emaar recently unveiled the Cove 1 in the region
18 September 09:31 AM Emaar launches Address Harbour Point
Dubai – Mubasher: Emaar Properties launched the two-tower Address Harbour Point in the heart of Dubai Creek Harbour, according to Al Bayan newspaper. The first tower is made up of 65 storeys and the second has 53 storeys, featuring a total of 202 …
The investment was carried out through QINVEST’s wholly-owned subsidiary BOH LLC
17 September 05:23 PM QINVEST becomes shareholder in Spain’s OneOcean Port Vell
Mubasher: QINVEST on Sunday announced investing in Barcelona-based OneOcean Port Vell. The investment was carried out through QINVEST’s wholly-owned subsidiary BOH LLC and was made in conjunction with an investment partner, the Qatari leader in …
Trading value shrunk to QAR 130.5 million from QAR 491.29 million on Thursday, while volume dropped sharply to 7.9 million shares from 17.1 million
17 September 04:48 PM QSE closes in red on Sunday
Mubasher: The general index of Qatar Stock Exchange (QSE) fell at close on Sunday, weighed down by the decline of six sectors and several leading shares. The general index fell 0.41% or 34.30 points to 8,375.18 points after Industries Qatar lost …
The Qatar Stock Exchange–listed Qatar Insurance Company (QIC) said that the IPO of its subsidiary OQIC will begin on Monday, 18 September
17 September 04:31 PM Qatar Insurance unit’s MSM IPO to begin Monday
Mubasher: Oman Qatar Insurance Company (OQIC) on Sunday announced the date for launching  its initial public offering (IPO) via the Muscat Securities Market (MSM). The Qatar Stock Exchange–listed Qatar Insurance Company (QIC) said that the IPO of …
Arab Monetary Fund’s headquarter in Abu Dhabi
17 September 04:21 PM Bitcoin poses challenges to central banks - AMF
Abu Dhabi – Mubasher: Arab Monetary Fund (AMF) chairman Abdulrahman Al Hamidy said on Sunday that the recent massive use of virtual currencies poses challenges to the central banks of Arab countries. The trading value of the Bitcoin has reached …
“Ooredoo GDR was admitted to trading on the London Stock Exchange on July 1999”, the statement said
17 September 11:04 AM Ooredoo de-lists GDRs from LSE
Mubasher: Ooredoo announced on Sunday that the de-listing process of its global depository receipts (GDRs) from the London Stock Exchange (LSE) was completed on 31 August 2017, according to a company statement to the Qatar Stock Exchange (QSE). …