Qatar news

19 February 07:36 PM JP Morgan head’s paycheck tops counterparts for 2nd straight year
JP Morgan's chairman Jamie Dimon maintained his rank on top of Wall Street banks' highest-paid CEOs list
19 February 06:39 PM Alibaba, Tencent go neck-and-neck in China retail acquisitions
China's top tech companies Alibaba and its rival Tencent Holdings are competing fiercely in the retail market
Annual revenues for Dubai hotels will reach $495 million by 2019
19 February 05:56 PM Dubai luxury spas to grow by 10.7% to 2021; Oman, Bahrain outperform
Dubai - Mubasher: Dubai’s 5-star hotel spas are expected to grow by a 10.7% compound annual growth rate (CAGR) by 2021, according to data released by Colliers International. The number of 5-star hotel spas in Dubai is set to rise to 157 by 2021 …
19 February 05:48 PM Venezuela to launch pre-sale of “petro” cryptocurrency
Venezuela's government on Monday announced it would issue a pre-sale of a commodity-backed new digital currency
The trade balance surplus between the two nations amounted to JPY 131.9 billion ($1.23 billion) in January
19 February 05:15 PM Qatar’s trade balance surplus with Japan rises 38.6% in January
Mubasher: Qatar's trade balance surplus with Japan surged 38.6% year-on-year in January 2018, according to the Japanese Ministry of Finance's monthly bulletin on Monday. The trade balance surplus between the two nations amounted to JPY 131.9 …
19 February 04:52 PM Emirates extends shirt sponsorship deal with Arsenal until 2024
Dubai airline's deal with the  Premier League club will be extended until the end of 2023/2024 season.    
19 February 04:31 PM QNB sees oil prices at $65 pb in 2018
QNB upgraded its forecasts for crude oil prices despite the recent fall
The contract entailed supplying Kahramaa with low- and medium-voltage cables of 11 kilovolts
19 February 03:19 PM Doha Cables wins QAR 1.2bn contract
Mubasher: Aamal Company (Aamal) on Monday announced that Doha Cables, a fully-owned subsidiary of Senyar Industries Qatar Holding in which Aamal owns a 50% stake, has been awarded a QAR 1.24 billion contract by Qatar General Electricity & Water …
19 February 03:16 PM China warns Trump against tariffs over steel, aluminum exports
China's government warned US President Donald Trump against imposing tariffs over metal exports
19 February 02:14 PM Dollar rebounds from 3-year low amid Fed holiday
The US dollar on Monday recovered as the Federal Reserve Bank and US stock and treasury markets were in a holiday
The general index inched up 27 points, or0.3%, to 9,106.77 points.
19 February 02:14 PM Real estate, transport boost QSE at Monday’s close
Mubasher: The Qatar stock exchange (QSE) ended Monday’s trading in the green, encouraged by the growth of real estate and transportation sectors, amid high liquidity. The general index inched up 27 points, or0.3%, to 9,106.77 points. The QSE’s …
19 February 01:49 PM Europe’s current account surplus shrinks in December
The Eurozone’s current account surplus narrowed more than expected in December=
19 February 01:12 PM Germany’s Daimler said to be cheating emission tests -Newspaper
German automaker Daimler may have used emission-cheating software to pass tests on Diesel Vehicles
The PPI declined 1.4% in Q3-17 compared to the previous quarter
19 February 01:11 PM Qatar’s PPI hikes 13.1% in Q3-17
Mubasher: Qatar's general Producer Price Index (PPI) increased 13.1% year-on-year in the third quarter of 2017, the Ministry of Development Planning & Statistics (MDPS) said in a report on Monday. The PPI declined 1.4% in Q3-17 compared to the …
19 February 12:33 PM Ultra-rich should pay “significantly higher” taxes - Bill Gates
Microsoft magnate Bill Gates believes that ultra-rich people like him should be paying "significantly higher taxes".
Property deals in the world's richest country per capita surged 18% to 309 in the first month of the year.
19 February 12:22 PM Qatar's real estate deals hit QAR 1.16bn in January
Mubasher: Qatar's real estate transactions hiked 13% month-on-month to QAR 1.16 billion ($319 million) in January 2018, according to the Justice Ministry's report on Monday.  The report showed that property deals in the world's richest country per …
19 February 11:57 AM Oil prices rise Monday, may be “tested”
Oil prices traded higher on Monday, extending gains from last week when prices had rebounded on stronger investor sentiment
CPI declined 0.1% year-on-year in the third quarter of 2017.
19 February 11:39 AM Qatar’s CPI inflation falls 0.1% in Q3-17
Mubasher: Qatar's inflation, based on consumer price index (CPI), declined 0.1% year-on-year in the third quarter of 2017, the Ministry of Development Planning & Statistics (MDPS) said in a report on Monday.  The report ascribed the year-on-year …
After the acquisition, QIMC’s ownership in GFC rose to 30%
19 February 10:46 AM QIMC acquires United Development's stake in GFC
Mubasher: Qatar Industrial Manufacturing Company (QIMC) on Monday announced that it has completed the purchase of United Development Company’s (UDC) stake in Gulf Formaldehyde Company (GFC). QIMC bought 400 shares of UDS’s stake in GFC, which …
By 10:15 am Qatar time, the general index grew 11.6 points, or 0.13%
19 February 10:19 AM QSE adds 11 pts at Monday’s open
Mubasher: The Qatar Stock Exchange (QSE) started Monday’s trading session in the green. By 10:15 am Qatar time, the general index grew 11.6 points, or 0.13%, to 9,091.03 points. The bourse's turnover amounted to QAR 18.6 million after 870,000 …
Net profits stood at QAR 11.8 million ($3.24 million) in Q4-17
18 February 05:02 PM QISI's profit falls 11.8% in Q4-17
Mubasher: Qatar Islamic Insurance Company (QISI) on Sunday posted an 11.8% year-on-year drop in its profits for the fourth quarter of 2017. Net profits stood at QAR 11.8 million ($3.24 million) in Q4-17, compared to QAR 13.38 million ($3.68 …
QETF will track the 20-stock Qatar Index in terms of the market capitalization and liquidity.
18 February 04:46 PM QSE to list QETF on 22 February
Mubasher: The first exchange traded fund will be listed on the Qatar Stock Exchange (QSE) next Thursday, 22 February 2018, sources familiar with the matter said on Sunday.  The Qatar Exchange Traded Fund (QETF) is a subsidiary of Doha Bank in …
QNB’s 97.12% stake in QNB AlAhli will decline to 95% after the sale.
18 February 04:10 PM CI Capital advises QNB on 2.1% Egypt unit stake sale
Mubasher: Qatar National Bank (QNB) on Sunday announced that it has hired CI Capital to advise it on selling approximately a 2.1% stake in its Egyptian unit, Qatar National Bank AlAhli (QNB AlAhli), in order to comply with the Egyptian Exchange's …
The general index rose 51.72 points, or 0.57%, to 9,079.43 points.
18 February 02:15 PM QSE ends Sunday higher amid thin liquidity
Mubasher: The Qatar stock exchange (QSE) ended Sunday’s trading in the green, encouraged by the growth of all sectors, amid thin liquidity. The general index rose 51.72 points, or 0.57%, to 9,079.43 points. The QSE’s liquidity slid 40.9 to QAR …
QNB AlAhli’s EGM approved increasing the bank’s issued capital to EGP 9.7 billion up from EGP 8.9 billion
18 February 12:05 PM QNB AlAhli’s OGM OKs EGP 0.80/shr dividends for 2017
Cairo – Mubasher: Qatar National Bank AlAhli  (QNB AlAhli) on Sunday announced that its ordinary general meeting (OGM) approved distributing a cash dividend of EGP 0.80 per share for 2017 profits, the lender said in a statement on Sunday. The OGM …