Qatar Tribune - Business

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Vodafone Qatar net profit rises 12.8% to QR293 million in first half of 2024

Tribune News NetworkDoha Vodafone Qatar on Tuesday announced its consolidated financial results for the six months ended 30 June 2024 which reflect the continued improvement in the companys financial and operational

Jul 24, 2024
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RERA forum addresses challenges facing the Qatar real estate sector

QNADohaThe Real Estate Regulatory Authority (RERA) hosted the first forum for real estate developers which aims to enhance coordination between the authority and real estate developers as partners in organizing and st

Jul 24, 2024
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Fitch ratings affirms QIIB’s rating at A with a stable outlook

Tribune News NetworkDohaLeading international credit rating agency Fitch has affirmed QIIBs rating at A with a stable outlook which indicates the strength of the banks indicators and its solid financial po

Jul 24, 2024
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India unveils $576 billion budget to boost economy

AgenciesNew DelhiIndias finance minister unveiled $576 billion in spending plans in the current fiscal year on Tuesday marginally higher than interim budget estimates aiming to boost manufacturing and jobs in the worlds fastest growing major economy.The government will spend 2.66 trillion rupees

Jul 24, 2024
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Talks on digital tax in focus ahead of G-20 finance meeting

AgenciesDiscussions over a global tax deal are ongoing well past a June 30 deadline and governments are now looking to a G-20 finance leaders meeting this week to make progress on a stalled plan to reallocate taxing rights on large multinational companies.The so-called Pillar 1 arrangement part of a 2021 globa

Jul 24, 2024
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Adeeb Ahamed: India’s budget thought-provoking

Tribune News NetworkDohaAdeeb Ahamed managing director Lulu Financial Holdings described Indias budget 2024 as thought-provoking one that balances the needs of today while establishing the priorities of tomorrow. At the same time one could always view it as a budget that could have done more in

Jul 24, 2024
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German coalition locked in bitter dispute over 2025 budget

AgenciesThe three parties in the German government are embroiled in a heated conflict over the 2025 budget with experts cautioning that the deadlock could be the breaking point for the fragile coalition.Chancellor Olaf Scholzs Social Democrats (SPD) the Greens and the liberal Free Democratic Party (FDP) who came to power in 2021 have until July 3 the end of

Jul 24, 2024
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QC ties up with RNC to host workshop on SDGs

Tribune News NetworkDohaThe Qatar Chamber (QC) recently held a workshop titled International Expert on Sustainable Development Goals 2030 (SDGs) Applications in cooperation with the Regional Network Consultancy (RNC) a member of the Regional Network for Social Responsibility (CSR) with the participation of 41 trainees.The five-day workshop the f

Jul 23, 2024
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QIB launches ‘Request to Pay’ feature on Fawran instant payment service

Tribune News NetworkDohaQatar Islamic Bank (QIB) Qatars leading digital bank has announced the launch of Request to Pay feature on its Fawran instant payment service available through the QIB Mobile App. Reinforcing QIBs commitment to providing cutting-edge financial solutions this innovative feature further streamlines the payment process and increa

Jul 23, 2024
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Moody’s affirms QIIB’s rating at A2/Prime-1 with stable outlook

Tribune News NetworkDohaMoodys Ratings has affirmed QIIB rating at (A2/Prime-1) with a stable outlook confirming that the bank has high liquidity strong profitability and solid capitalisation.In its report on ratings affirmation of QIIB Moodys said The bank has a strong profitability underpinned by its well-established Islamic assets wit

Jul 23, 2024
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Western miners push for higher prices to ward off China rivals

AgenciesThe only US cobalt mine sits fallow in the northern Idaho woods a mothballed hunk of steel and dirt that is too expensive for its owner to operate because Chinese rivals have flooded global markets with cheap supplies of the bluish metal used in electric vehicle batteries and electronics.Jervois Global which dug the mine into the side of a nearly 8000-foo

Jul 23, 2024
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Antalya’s tourism benefits as market rebounds after Euro 2024

AgenciesThe tourism outlook of Trkiyes popular hub Antalya appears to be improving amid the revival stemming from the European market after the Euro 2024 football championship according to industry representatives on Monday.The European market which slowed down during the Euros has picked up again and occupancy rates have surged after a brief downturn observ

Jul 23, 2024
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Nvidia works on version of new AI chips for China

AgenciesNvidia is reputedly working on a version of its new flagship artificial intelligence (AI) chips tailored for the Chinese market that would be compatible with current U.S. export controls three sources familiar with the matter told Reuters.The AI chip giant earlier in March unveiled its Blackwell chip series which is due to be mass-produced later in t

Jul 23, 2024
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QNB signs deal with CIM to upskill staff

Tribune News NetworkDohaQNB the largest financial institution in the Middle East and Africa and the Chartered Institute of Marketing (CIM) have announced a partnership to deliver best in class marketing training to QNBs Marketing and Communications team developing the firms marketing capabilities and responding to the global challenges faced by leading bran

Jul 23, 2024
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With no big deal safe, investment bankers move to safeguard fees

AgenciesInvestment bankers are changing how they ask to be paid in a bid to preserve and boost fee revenue they generate from advising companies on mergers and acquisitions as more big deals face challenges by regulators.Many of these fees are awarded only if a transaction is completed. Bankers have been pushing to get paid even when a deal is thwarted by regulator

Jul 23, 2024
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China surprises with key rates cuts to put more pep into economy

AgenciesChina surprised markets on Monday as its central bank lowered its key short-term policy rate and its benchmark lending rates in an effort to inject new life into its ailing property sector while the ruling Communist Party released details of a top-level meeting focused on strategies for revving up the slowing worlds second-largest economy.The Peoples

Jul 23, 2024
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Project works accelerate for 2nd bridge between Turkey, Greece

AgenciesProject works on the second bridge set to connect Trkiye and Greece are nearing completion a top official said on Monday adding that following approval the preparations for the construction tender would take place.The countries agreed to build the bridge over the Maritsa (Meri) River to ease transportation and strengthen infrastructure between the two

Jul 23, 2024
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Qatar Tribune was launched on the 35th Independence Day of Qatar, under the parentcompany QIM Group, which has a history in the publishing, printing & distribution field.

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Qatar Airways expands Boeing 777X fleet

Tribune News NetworkFarnborough On the second day of the Farnborough International Airshow Qatar Airways announced that its significant order of Boeing 777X aircraft has been expanded to include an impressive 20 Boeing 777-9s.This is in addition to its e

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Turkish Naval Corvette docks at Doha Port on its way to goodwill visit to 24 ports

Ashraf SiddiquiDohaTCG Kinaliada Corvette Naval ship of Turkish Naval Forces docked Tuesday at Doha Port where it was received by Ambassador of Turkiye to Qatar HE Dr Mustafa Goksu Maj Gen Ertunc Ertufanli Armed Forces Attache at the Turkish Embassy Col Ali Cetin a

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Qatar’s historic achievements at Olympics

QNADohaQatar has maintained a strong presence at the Olympic Games since making its debut at the Los Angeles Olympics in 1984. The country has shown significant progress from one edition to the next earning a prominent position among Gulf and Arab nations through the

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Lesha Bank reports net profit of QR54.1 million in H1 2024

Tribune News NetworkDohaLesha Bank on Tuesday announced that the bank reported a net profit of QR54.1 million attributable to the equity holders of the bank a 21 percent growth compared to the corresponding period of last year.During the first half of th

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