Barr says US Fed making sure ‘all deposits’ are safe
AgenciesUS top financial regulator pledged Monday that the Federal Reserve and other agencies will take whatever steps they deem necessary to protect depositors and the banking system two weeks after two large bank collapses tri
World Bank warns of ‘lost decade’ in global growth without bold policy shifts
AgenciesAverage potential global economic growth will slump to a three-decade low of 2.2% per year through 2030 ushering in a lost decade for the worlds economy unless policymakers adopt ambitious initiatives to boost la
Qatargas showcases its marine biodiversity projects
Tribune News NetworkDohaQatargas presented its marine biodiversity projects to a wide range of stakeholders during a workshop jointly hosted with Qatar University at the Aquatic Fisheries Research Center (AFRC) in Ras
China’s Baidu reveals more capabilities of AI-powered chatbot Ernie
AgenciesChinese search engine Baidu (9888.HK) on Monday shared pre-recorded videos of its AI-powered chatbot Ernie summarising financial statements and producing powerpoint presentations among other industry-focused capabilities.According to images shared by a Baidu spokesperson in a media-facing group on WeChat Ch
Ferrari sees longer life for roaring combustion engines after EU deal
AgenciesThe head of Ferrari (RACE.MI) on Monday welcomed plans to exempt cars that run on e-fuels from the European Unions planned 2035 phase-out of new combustion engine vehicles as they will give the luxury carmaker greater freedom on its power systems.The European Union and Germany have reached a deal all
Shops offer abundance of goods at competitive prices during Ramadan
QNADohaMarkets and shops across the country are witnessing an abundance of consumer and non-consumable food commodities of all kinds and a doubling of supply quotas coinciding with the holy month of Ramadan at a time when sales outlets are witnessing fierce competition to attract shoppers through a package of offer
A steel plant ready for war lays bare blow to Ukraine’s economy
AgenciesFlak jackets are piled up at Ukraines Zaporizhstal steel plant and anti-tank traps guard the entrance. Whenever air raid sirens sound and they go off every day most workers head to one of the 16 bomb shelters scattered across the sprawling grounds.But some keep working braving not only the intense heat and sparks flying from blast furnaces fo
Jack Ma returns to mainland China
AgenciesAlibaba founder Jack Ma has resurfaced in China after months of overseas travel visiting a school Monday in the city where his company is headquartered and discussed topics such as artificial intelligence.Ma founded e-commerce firm Alibaba in the 1990s and was once Chinas richest man. He has kept a low profile with few public appearances since Nov. 2020
First Citizens to acquire troubled Silicon Valley Bank
AgenciesNorth Carolina-based First Citizens will buy Silicon Valley Bank the tech industry-focused financial institution that collapsed earlier this month rattling the banking industry and sending shockwaves around the world.The deal could reassure investors at a time of shaken confidence in banks though the Federal Deposit Insurance Corp. and other regulators ha
‘Fear-induced demand driving up gold prices’
Agencies London The sharp increase in gold prices by $150 per troy ounce over the past two weeks has been driven by an increase in fear-related demand according to a report by Goldman Sachs.The price of gold has risen to levels not registered since March 2020 on the back of banking and funding stress and a sharp rise in the market-implied prob
QFCRA announces new framework for derivatives market
Tribune News NetworkDohaThe QFC Regulatory Authority (QFCRA) on Sunday announced that it has developed and issued a new regulatory framework for listed derivatives. The Derivatives Markets and Exchanges Rules 2023 (DMEX) was launched following an extensive three-month public consultation with investors and market participants.The launch of DMEX means th
Ooredoo Kuwait gets QR510 mn following Kuwaiti court ruling
QNADoha Ooredoo Group announced on Sunday that the Council Chamber of the Court of Cassation in Kuwait issued a decision rejecting the appeal and obliging the appellants to pay an amount of KD 43.817 million (roughly QR510 million) in favour of Ooredoo Kuwait.A statement by the company posted on the Qatar Stock Exchange (QSE) website stated that the
QIB rolls out ‘attractive’ auto finance offer for Ramadan
Tribune News NetworkDohaThis Ramadan QIB customers can benefit from attractive profit rates when they purchase regular vehicles and environment-friendly electric or hybrid cars with an exclusive auto finance offer Qatar Islamic Bank (QIB) has announced the launch of its yearly Ramadan Auto Finance promotion for new and existing customers seeking to pur
Toyota launches C+walk S in Japan
AgenciesToyota Motor Corp has released the Cwalk S a pedestrian-mobility-assistance model that is the second in the new Cwalk mobility series. The Cwalk S is available at rental and leasing stores.In addition Toyota has also improved the standing-type model Cwalk T as well as the Cpod. The Cwalk T will go on sale in May as a model that can operate on sidewal
Qatar leads Gulf bourses higher on hopes of Fed rate pause
Satyendra PathakDohaExtending its rally to a third straight session the Qatari Stock index (QSE) gained 119.98 points or 1.2 percent to close trading at 10126.18 points on Sunday.Qatars stock market outperformed other bourses in the Gulf region as expectations of a pause in rate hikes by the US Federal Reserve lifted investor sentiment.
G20: Energy security, climate change take centrestage in Chennai
AgenciesThe second G20 Framework Working Group (FWG) meeting under Indias G20 Presidency concluded in Chennai on March 25. During the meeting delegates discussed and agreed on the way forward for important deliverables including those on macroeconomic consequences of food and energy insecurity and climate changes as well as transition pathways G20 said in the press release
About Us 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.
QNADohaHis Highness the Amir of State of Qatar Sheikh Tamim bin Hamad Al Thani on Monday issued Amiri Decision No (24) of 2023 appointing Minister of Interior HE Sheikh Khalifa bin Hamad bin Khalifa Al Thani as Commander of Internal Security Force (Lekhwiya). The deci
QNA CairoQatar has affirmed that the drug problem takes on international and regional dimensions affecting all sectors and areas of life stressing the importance of strengthening cooperation in the development prevention and protection of Arab peoples from threats
Tribune News NetworkDohaUmm Salal face an uphill task as they take on league leaders Al Duhail in the final of the Ooredoo Cup at the Jassim Bin Hamad Stadium on Tuesday night. The title clash which kicks-off at 10pm is expected to be an exciting one as both teams a
Satyendra PathakDohaListed banks in the GCC region continued their post-COVID recovery with strong double-digit asset while maintaining a conservative approach to credit provisioning tight cost control and healthy capital levels amid a future outlook based on cautio
