LNG boom to enhance long-term valuations of Qatari equities: QNBFS
Satyendra Pathak Doha The Qatar Stock Exchange (QSE) is positioned for significant long-term growth in view of the ongoing expansion of the North Field LNG project and strategic initiatives aimed at boosting shareholde
High-level Turkey-EU economic meeting planned for spring
AgenciesThe EU plans to hold a high-level dialogue with Trkiye on the economy in upcoming months EU Commissioner for Enlargement Marta Kos said on Tuesday during a session of the European Parliament Foreign Affairs Committee in
US inflation picks up slightly in December to highest since July
AgenciesUS inflation rose slightly in December driven by the increase in prices for gas eggs and used cars yet underlying price pressures also showed signs of easing a bit.Wednesdays report from the Labor Departm
Boeing 2024 plane deliveries tumble on labor, safety woes
AgenciesBoeing delivered just 348 commercial planes in 2024 according to figures released Tuesday that showed the ugly effects from a year of labor disruption and safety setbacks.The annual figure was well below 2023 deliveries and less than half the 766 aircraft European rival Airbus brought to customers last year.
Farming tech is on display at CES as companies showcase their green innovations
AgenciesWhen Russell Maichel started growing almonds walnuts and pistachios in the 1980s he didnt own a cellphone. Now a fully autonomous tractor drives through his expansive orchard spraying pesticides and fertilizer to protect the trees that have for decades filled him with an immense sense of pride.The s
US to ban smart cars containing Chinese tech
AgenciesThe United States finalized a rule Tuesday effectively barring Chinese technology from cars in the American market taking aim at software and hardware from the worlds second biggest economy over national security risks.The announcement which also pertains to Russian technology comes as outgoing Presiden
Meta plans to lay off 5% of workforce in performance-based cuts
AgenciesMeta Platforms plans to dismiss nearly 3600 employees identified as low performers and replace them with new hires according to an internal memo reported by Bloomberg on Tuesday and subsequent media reports.The company which owns Facebook Instagram and WhatsApp confirmed to Agence France-Presse (AFP) that CEO Mark Zuckerbergs decision will affect 5%
In 2024, Japan bankruptcies surpass 10,000
AgenciesThe number of corporate bankruptcies in Japan exceeded 10000 for the first time in 11 years in 2024 as businesses faced a worsening labor shortage and higher prices of imported supplies due to the yens depreciation a survey by a credit research company showed Tuesday.Small and medium-sized enterprises were hit hard with the end of special tax deferral
Joud Savings Account: QIIB announces QR1 mn winner
Tribune News NetworkDohaQIIB has announced the lucky winner of the 2024 One Million QAR Prize in the exclusive draw for the Joud Savings Account. The prize check was presented to the winner Salwa Fadol Al-Yazidi by QIIBs CEO Dr. Abdulbasit Ahmed Al-Shaibei.The 2024 grand prize for the Joud Savings Account was presented during a ceremon
Huawei Mate X6 arrives in Qatar
Tribune News NetworkDohaThe latest generation Mate series foldable Huawei Mate X6 has hit the shelves in Qatar. Bringing significant upgrades to display camera durability user experience and more Huawei takes foldable innovation to new heights forming a new benchmark in the with enhanced durability dual OLED displays and advanced cameras the Huawei Mate X
BP nears deals for oil fields, curbs on gas flaring in Iraq
AgenciesIraq and British oil giant BP are set to finalize a deal by early February to develop four oil fields in Kirkuk and curb gas flaring Iraqi authorities announced Wednesday. The mega-project in northern Iraq will include plans to recover flared gas to boost the countrys electricity production they said.Gas flaring refers to the polluting practice of burni
QSE closes 0.42% higher
Tribune News Network Doha The Qatar Stock Exchange (QSE) concluded its trading session on Wednesday with a modest gain as the benchmark QSE Index rose by 43.92 points or 0.42 percent to close at 10428.81 points. This positive outcome reflects the resilience of the market despite mixed performances across various sectors signaling cautious optimism amonginvestor
Turkey plans to reduce financing costs to relieve exporters
AgenciesThe Turkish government on Wednesday said it was carrying out works that would reduce financing costs for exporters and would make related announcements next month as part of a broader strategy to enhance trade.The government aims to implement 77 concrete steps in 2025 increasing the export support budget to approximately TL 33 billion ($930 million) with T
Customers needs at the forefront: QIB
At QIB he said We prioritize our customers by placing their needs at the forefront of our operations. The past year we strengthened our core businesses and expanded revenue streams with innovative products and services. Our focus on technology adoption cost optimization and customer-centricity has positioned us as one of the worlds most efficient banks. We delivered strong ROA and
Powell says Fed not on ‘preset course,’ indicates further cuts
AgenciesFederal Reserve (Fed) Chair Jerome Powell suggested on Monday that more rate cuts are likely in the pipeline giving less indication on the size of the potential next reduction adding that the Fed is not on any preset course.The U.S. economy seems poised for a continued slowdown in inflation that will allow the Fed to cut its benchmark interest rate and
UK inflation cools in relief for government after market sell-off
AgenciesInflation in the U.K. unexpectedly fell in December according to official data on Wednesday that is likely to fuel pressure on the Bank of England (BoE) to cut interest rates again next month and give the government some breathing room following recent turbulence in financial markets.The Office for National Statistics (ONS) said inflation as measured by th
QIB net profit grows 7% to QR4.6 billion in 2024
Tribune News NetworkDohaQatar Islamic Bank (QIB) has announced the financial results of the fiscal year ended 31 December 2024. Net profit attributable to shareholders amounted to QR4605 million (QR4.6 billion) for the fiscal year 2024 compared to QR 4305 million (QR4.3 billion) for the year 2023 marking an increase of 7 percent overlast year.Basic ea
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QNADohaHis Highness the Amir of the State of Qatar Sheikh Tamim bin Hamad Al Thani has expressed his hope that the announcement of a ceasefire agreement in the Gaza Strip would contribute to ending the aggression destruction and killing in the Strip and the occupied
tribune NEWS NETWORKdOHAUndersecretary of the Ministry of Education and Higher Education (MoEHE) HE Dr Ibrahim bin Saleh Al Naimi has described maintaining cyber security as a shared responsibility and culture in the face of the evolving digital age which necessitate
Tribune News NetworkDohaUnder the patronage of His Excellency Sheikh Joaan bin Hamad Al Thani President of the Qatar Olympic Committee the Qatar Racing and Equestrian Club (QREC) will organise His Excellencys Rifle Race Meeting on Saturday 18 January. The event
Tribune News Network Doha Qatar participated in the ministerial roundtable on mineral resources organized by the Saudi Ministry of Industry and Mineral Resources as part of the Fourth Future Minerals Forum (FMF) held under the theme Delivering Impact from Janu
