Business News
Qatar agreed on Friday to loan Argentina $775 million to help it repay the International Monetary Fund. The loan is part of a facility agreement that Argentina’s economy minister, Sergio Massa, negotiated with Qatar. The IMF’s 4.033% a..
Baladna has achieved an increase of 7%in revenue in first half of 2023, totaling QR517 million, and experienced a marginal decline in net profit to QR42 million compared to the same period last year. Baladna disclosed its H1 2023 financial results..
The ten-day 8th Local Dates Festival, organised by the Agricultural Affairs Department at the Ministry of Municipality and Souq Waqif, concluded its activities after seeing the participation of 100 local dates production farms and three fruit product..
Qatar Airways Holidays (QRH), the leisure division of Qatar Airways, has achieved significant milestones in increasing package sales to Qatar, positioning it as the top-selling destination. According to the Qatar Airways Group annual report for th..
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..
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