Qatar news

The benchmark index added 72 points last week
21 July 07:58 PM QSE rises for second consecutive week
Doha - Mubasher: The Qatar Stock Exchange (QSE) rose for the second week in a row, as the main index went up by 0.76%, gaining 72.35 points, and closing at the level of 9,542.28 points. The market capital increased by 1.2% or QAR 6.31 billion, to …
The United Arab Emirates Minister of Energy Suhail Al Mazroui
21 July 04:06 PM UAE hopes oil markets will tighten in H2-17
Mubasher: The United Arab Emirates Minister of Energy, Suhail Al Mazroui, told Reutuers on Friday that he hopes global supplies will start tightening in the second half of the year when demand picks up. "We have seen healthy demand and a …
The Organization of the Petroleum Exporting Countries (OPEC)
21 July 11:34 AM OPEC meeting to review output cut levels - Minister
Mubasher: A meeting will be held on Monday in Saint Petersburg, Russia, as members of the Organization of the Petroleum Exporting Countries (OPEC) alongside non-OPEC major producers will assess conformity with a recent output cut resolution. Oil …
Kuwaiti crude oil prices reached $46.51 per barrel on Thursday
21 July 11:23 AM Kuwait oil up $0.74
Kuwait - Mubasher: The price of Kuwaiti oil went up by 74 cents on Thursday, according to the Kuwait Petroleum Corporation (KPC). Prices reached $46.51 per barrel (pb) yesterday, compared to $45.77 pb on the day before, Kuwait News Agency (KUNA) …
The International Monetary Fund
21 July 11:13 AM IMF approves EUR1.5bn loan for Greece
Mubasher: The International Monetary Fund (IMF) announced on Thursday that it has approved in principle a loan of EUR 1.6 billion ($1.8 billion) for Greece, according to a press release. The agreement will only become effective after the IMF …
Qatar's trade surplus with Japan witnessed a 2.1% year-on-year growth to JPY 79.14 billion ($707.07 million) in June
20 July 06:35 PM Qatar's trade surplus with Japan rises 2.1% in June
Doha – Mubasher: Qatar's trade surplus with Japan witnessed a 2.1% year-on-year growth to JPY 79.14 billion ($707.07 million) in June, according to data released by Japan’s Ministry of Finance (MoF) on Thursday. The MoF’s annual report showed a …
Qatar Gas Transport Company Ltd’s (Nakilat) stock remained stable at QAR 18.40 after 2.5 million shares exchanged
20 July 02:54 PM QSE closes Thursday in green
Mubasher: The benchmark index of the Qatar Stock Exchange (QSE) ended Thursday 0.42% or 39.92 points higher reaching 9,542.28 points. The telecoms sector increased 2.05% as Ooredoo gained 2.78%, while the industrials sector went up 0.88% after …
UAE Energy Minister Suhail Bin Mohammad Al Mazroui
20 July 09:15 AM UAE has no desire to develop rift with Qatar – Minister
Abu Dhabi – Mubasher: Saudi Arabia, UAE, Bahrain, and Egypt do not want to develop the situation regarding Qatar-Gulf rift, Ypnhap news agency quoted UAE Energy Minister Suhail Bin Mohammad Al Mazroui as saying. “We look forward to resolve Qatar's …
Traders at Boursa Kuwait
20 July 07:51 AM Investors likely to build new positions in GCC stocks
By: Mahmoud Gamal Mubasher: Investors are expected to build up new positions in GCC listed stocks on Thursday, in line with the announcements of first-half financials which are expected to improve amid higher oil prices, analysts told Mubasher. …
The Qatari bank's profits amounted to QAR 352 million ($94.3 million) in Q2-17, compared to QAR 354 million ($94.8 million) in Q2-16
19 July 06:46 PM Doha Bank posts QAR 352m in Q2
Mubasher: Doha Bank on Wednesday said that its profits decreased 0.56% in the second quarter of 2017, compared to the year-ago period. The Qatari bank's profits amounted to QAR 352 million ($94.3 million) in Q2-17, compared to QAR 354 million …
Industries Qatar, and Masraf Al Rayan rose 0.20%, and 0.96%, respectively
19 July 05:27 PM QSE surges 108.63 pts at close Wednesday
Mubasher: The benchmark index of the Qatar Stock Exchange (QSE) ended Wednesday in the green zone after increasing 1.19% or 108.63 points to reach 9,502.36 points. Industries Qatar, and Masraf Al Rayan rose 0.20%, and 0.96%, respectively. The …
Net profit for Q2-17 reached QAR 31.2 million
19 July 09:20 AM Widam Food Q2 profits rise 29%
Doha – Mubasher: Widam Food Company’s profits for the second quarter of fiscal year 2017 grew 27.9% year-on-year. Net profit for Q2-17 reached QAR 31.2 million ($8.4 million), compared to QAR 24.4 million ($6.5 million) for Q2-16, a bourse filing …
The Commercial Bank of Qatar
19 July 08:44 AM CBQ profits fall 58% in Q2
Doha – Mubasher: The Commercial Bank of Qatar (CBQ) posted on Wednesday a year-on-year decrease of 58% in its profits for the second quarter of fiscal year 2017. Net profit reached QAR 88.37 million in Q2-17, compared to QAR 212.28 million for …
Profits totalled QAR 609.7 million in Q2-17
18 July 07:35 PM QIB profits up 10% in H1-17
Mubasher: Qatar Islamic Bank (QIB) has reported a 10% rise in net profits for the first half of the year, as it achieved profits of QAR 1.165 billion, according to a bourse filing. Profits totalled QAR 609.7 million in the second quarter of the …
Nakilat is constantly looking for new opportunities to provide clean energy delivery solutions worldwide
18 July 06:34 PM Nakilat, Norway’s Höegh LNG ink MoU for FSRU project
Nakilat, Norway’s Höegh LNG ink MoU for FSRU project Mubasher: Qatar Gas Transport Co (Nakilat) on Tuesday inked a memorandum of understanding (MoU) with Norway-based Leif Höegh and Co to explore a collaboration for a floating storage and …
Qatar telecom regulator investigates Vodafone Qatar service outage
18 July 06:12 PM Qatar telecom regulator investigates Vodafone Qatar service outage
Mubasher: The Qatar Communications Regulatory Authority (CRA) on Tuesday announced launching a full investigation into the cutting of voice and data services by Vodafone Qatar. “[We] requested Vodafone to provide a detailed investigation report by …
Ahli Bank last reported a 3.1% rise in profits to reach QAR 170.02 million in Q1-17
18 July 05:57 PM Ahli Bank’s profits rise to QAR 172m in Q2
Doha – Mubasher: Ahli Bank Qatar on Tuesday announced a profit increase of 2.6% in the second quarter of 2017, compared to the corresponding period of 2016. The Qatar-listed bank achieved profits of QAR 172.19 million ($45.83 million) in Q2-17 up …
The telecoms sector shed 0.50% after Ooredoo went down 0.86%
18 July 01:41 PM QSE slides 42.35 pts in Tuesday’s close
Mubasher: The benchmark index of the Qatar Stock Exchange (QSE) ended Tuesday 0.45% or 42.35 points lower to reach 9,393.73 points. The real estate sector lost 1.02% as Ezdan Holding Group and Barwa decreased 1.55% and 0.59%, respectively. The …
Trading volume reached 512,030 shares through 283 transactions, generated QAR 13.31 million
18 July 10:08 AM QSE opens Tuesday in red
Mubasher: The main index of the Qatar Stock Exchange (QSE) decreased 0.21% or 19.71 points reaching 9,416.37 points in Tuesday’s early trades. By 10:00 am Qatar time, the real estate sector shed 0.48% as Barwa and Ezdan Holding Group lost 1.03% …
Traders at Boursa Kuwait
18 July 07:56 AM GCC stocks tend to invest in low-priced stocks
By: Mahmoud Gamal Mubasher: The GCC bourses are expected to continue their sideways-to-positive performance on Tuesday, amid anticipations of listed blue-chip companies’ financial disclosures for the first half of 2017, analysts told Mubasher. …
Qatar’s royal family and the Chinese company each own just under 10% of Germany's flagship lender
17 July 05:45 PM ECB reviews ownership of Qatar royals in Deutsche Bank
Doha – Mubasher: The European Central Bank (ECB) is considering launching a review of ownership control procedures “to scrutinise” Deutsche Bank’s two largest shareholders, namely Qatar’s royal family and the Chinese HNA group, according to …
Al Khalij’s profits decreased to QAR 158.9 million ($41.8 million) in Q2-17, compared to QAR 164.1 million ($43.2 million) in Q2-16
17 July 04:28 PM Al Khalij Bank posts QAR 159m profits in Q2
Mubasher: Al Khalij Commercial Bank on Monday said that its profits fell 3.2% in the second quarter of 2017, compared to the year-ago period. Al Khalij’s profits decreased to QAR 158.9 million ($41.8 million) in Q2-17, compared to QAR 164.1 …
The bank’s profits rose to QAR 509.64 million ($134.02 million) in Q2-17
17 July 04:01 PM Masraf Al Rayan profits edge up 0.83% in Q2
Mubasher: Masraf Al Rayan on Monday stated that its consolidated profits inched up 0.83% year-on-year in the second quarter of 2017. The bank’s profits rose to QAR 509.64 million ($134.02 million) in Q2-17, from QAR 505.44 million ($132.92 …
Kuwait Hotels owns a 90.9% stake in Safir International Hotel Management
17 July 03:23 PM Kuwait Hotels discloses exposure to Qatari market
Mubasher: Kuwait Hotels clarified that its business in Qatar includes only operating Safir Doha Hotel through the Kuwaiti company’s subsidiary, Safir International Hotel Management. This disclosure followed the Capital Markets Authority’s (CMA) …
Emirates operates 259 wide-body aircraft to 157 destinations, while flydubai operates 58 Boeing 737s to 95 destinations.
17 July 02:16 PM Emirates to form new partnership with Flydubai
Dubai – Mubasher: Emirates will form a partnership with FlyDubai aimed at allowing the companies to feed passengers onto each other’s flights, according to a statement. The deal will include network collaboration and coordinated scheduling at …