Business News
The Qatar Central Bank (QCB) has urged companies that are willing to operate the buy now, pay later (BNPL) system to submit applications in order to receive the license from the bank. In a statement on Saturday, QCB outlined that it will receive t..
Eight Qatar-based companies have been listed among the Forbes' Top 100 Arab Family Businesses 2023. Al Faisal Holding (Rank 10), Power International Holding (Rank 13), Alfardan Group (Rank 17), Darwish Holding (Rank 57), Almana Group (Rank 69), A..
Qatar Executive (QE), the VIP charter jet division of Qatar Airways, has achieved a significant Year-Over-Year (YOY) growth, resulting in a remarkable 49% increase in commercial sales revenue and a notable 22% rise in live flying hours. According ..
The tourism sector continues to recoord growth in Qatar as latest figures show an uptick in inbound visitors. According to the Planning and Statistics Authority (PSA) , the total number of inbound visitors reached around 282,000 in June 2023. Whil..
Qatar National Cement Company's profit for the first half of 2023 declined 8.9%, to QR 101,273,000 in comparison to Net Profit QR 111,195,000 for the same period of the previous year. Earnings per share (EPS) amounted to QR 0.155 as of June 30..
Ooredoo Group's net profits increased by 20 percent in the first half of 2023 to reach QR 1,794,852,000 in comparison to Net Profit QR 1,497,971,000 for the same period of the previous year, driven by strong revenue growth, free cash flow, increa..
Qatar National Bank (QNB) Group has predicted a recession in the US economy during the upcoming 12 months, pointing out that the US economy continues to demonstrate its resilience despite significant headwinds from high inflation, tighter financial c..
Qatar Central Bank issued today a list of sectors that will benefit from not increasing the interest rate on existing credit facilities at banks. The exempted sectors include the housing sector and consumer loans for Qataris (including private hou..
The volume of real estate trading in sales contracts at Department of Real Estate Registration at the Ministry of Justice during the period from July 16 to July 20 2023 reached QR 418,731,129. The weekly bulletin issued by the Department shows tha..