Qatar Tribune - Business

QIIB gets ‘Best Islamic Digital Bank in Qatar for 2022’ award from World Union of Arab Bankers in Istanbul

Tribune News NetworkDohaQIIB was awarded the ‘Best Islamic Digital Bank in Qatar for the year 2022’ during the 2022 awards ceremony of banking excellence and achievement, which is organised on an annual basis by the World Union of Arab Bankers,...

Oct 02, 2022
UK train strikes and energy hikes add to a week of turmoil

AgenciesTrains in Britain all but ground to a halt Saturday as coordinated strikes by rail workers added to a week of turmoil caused by soaring energy prices and unfunded tax cuts that roiled financial markets.Only about 11% of train services were...

Oct 02, 2022
QIB honoured by Ministry of Labour for Qatarisation efforts

Tribune News NetworkDohaQatar Islamic Bank (QIB) has been recognised by the Ministry of Labour (MoL) for its Qatarization efforts in the private sector and for empowering Qatari youth.The award recognised QIB’s commitment to promote Qatarization,...

Oct 02, 2022
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‘Wales fans are very excited and ready to have fun in Qatar’

Tribune News NetworkDohaFor the first time in 64 years, Wales have qualified for the FIFA World Cup.On their debut appearance in the finals, in 1958, the Dragons made it all the way to the quarter-finals before narrowly losing to eventual champions Brazil. The only goal scorer that day in Gothenburg was the legendary Pelé, who was just 17 years...

Oct 02, 2022
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Iraq’s oil revenues reach $9 bn in Sept

The Iraqi oil ministry said on Saturday that the oil revenues for September reached about $ 9 billion. According to the preliminary statistics issued by the State Organization for Marketing of Oil (SOMO), the ministry stated that the total amount of crude oil exports amounted to 98,765,153 barrels, with revenues of $ 8.773 billion. It explained...

Oct 02, 2022
The TikTok app logo appears in Tokyo on Sept. 28, 2020. TikTok may be the platform of choice for catchy videos, but anyone using it to learn about COVID-19, climate change or Russia's invasion of Ukraine is likely to encounter misleading information, according to a new research report.

TikTok politics: Candidates turn to it ‘for better or worse’

AgenciesWade Herring didn’t know the teenage voter who approached him at a restaurant over the weekend. But she knew Herring, a Democrat running for Congress in Georgia, from his campaign videos on TikTok.To Herring, a 63-year-old Savannah attorney, it was proof of TikTok’s precision-guided ability to reach young voters — the very reason why...

Oct 02, 2022
Inflation hits record 10% in 19 euro-using countries in the EU

AgenciesInflation in the European countries using the euro currency has broken into double digits as prices for electricity and natural gas soar, signaling a looming winter recession for one of the globe’s major economies as higher prices undermine consumers’ spending power.Consumer prices in the 19-country eurozone rose a record 10% in September from a year earlier, up from an annual 9.1% in...

Oct 02, 2022
India working to achieve $5 tn economy by 2025: Minister

ANITuticorin, TN/IndiaIndia’s Union Minister Sarbananda Sonowal on Friday said the government was making all efforts to reduce the logistics costs which would facilitate India to achieve its goal of being a $5 trillion economy by 2025.The Union Minister of Ports, Shipping and Waterways and AYUSH unveiled projects worth 2.3 billion rupees, including the Smart Port projects, India’s first...

Oct 02, 2022
QNB concludes FIFA World Cup Qatar 2022 malls campaign successfully

Tribune News NetworkDohaQNB Group, the official supporter of the FIFA World Cup 2022 in the Middle East and Africa, concluded successfully its mall campaign, which was organized in partnership with Visa, the official payment services partner of FIFA.The campaign was held every weekend at Doha Festival City and Villaggio Mall from 2 to 24 September, allowing QNB Visa credit cardholders, along with...

Oct 02, 2022
Over 300 people attend ‘Back to Business’

More than 300 people, including many dignitaries and ambassadors participated in the latest edition of the Back 2 Business networking event held recently in Doha. Organised by the main international Chambers and Business Councils in Qatar — the Italian, American, German Spanish and French Chambers — as well as the Qatari British Business Forum, and supported by the Qatari Businessmen and...

Oct 02, 2022
Oil notches weekly gain as OPEC considers output cut

Brent and U.S. West Texas Intermediate (WTI) gained 2% and 1% on a weekly basis, marking the first weekly rise since August and following nine-month lows hit last week. On Friday, Brent crude futures fell 53 cents to $87.96 a barrel, while U.S. WTI crude futures fell $1.74 to $79.49. Both contracts rose by more than $1 during the session but dropped on news that OPEC’s oil output rose in...

Oct 02, 2022
Is China on the verge of a cyclical recovery?

China remains a major source of uncertainty for the global growth outlook this year. In fact, the country is behind a significant part of the global slowdown story over the last several quarters. Late last year, the Chinese economy was expected to grow by 5.6% in 2022. At the time of writing, however, Bloomberg consensus forecasts pointed to an expected expansion of only 3.5% for the same...

Oct 02, 2022
Weekly property deals cross QR250 million

QNADohaTransactions of properties worth QR250.404 million were recorded in Qatar between September 18 and 22, according to the Ministry of Justice’s Real Estate Registration Department.The properties sold included sale included vacant plots, residences, multi-use plots and a residential complex. Most of the trading took place in Doha, Al Rayyan, Al Daayen, Al Wakra, Al Khor, Al Dakhira, Al...

Sep 30, 2022
Explainer: How do we know when a recession has begun?

AgenciesThe economy shrank in the first half of this year, the government confirmed in a report Thursday, underscoring fears of a broad-based slowdown that could lead to a recession.At the same time, the number of people seeking unemployment benefits — a figure that often reflects the pace of layoffs — fell to a five-month low. The drop suggests that companies are holding onto their staffs,...

Sep 30, 2022
Oil fluctuates after rally amid recession fears

Agencies LondonOil prices slumped on Thursday evening after rallying earlier in the day, nearly touching $90 a barrel, as investors continue to weigh the impact of a potential recession on global demand ahead of the OPEC+ meeting next week.Brent, the benchmark for two thirds of the world’s oil, was down 0.57 per cent at $88.81 a barrel at 10.08pm Qatar time. West Texas Intermediate, the gauge...

Sep 30, 2022
Foreign funds help QSE index resume weekly upward trend

Satyendra Pathak Doha The Qatar Stock Exchange (QSE) Index increased by 51.47 points, or 0.4 percent, during the week to close at 12,695.27 points. Market capitalisation increased 0.8 percent to QR705.3 billion compared with QR699.8 billion at the end of the previoustrading week. The traded value during the week increased 27.1 percent to QR2,882 million from QR2,268.1 million in the previous...

Sep 30, 2022
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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.

Qatari national team begins local camp

The Qatari national football team on Saturday started its local camp, which will continue until next Wednesday, as part of the preparations for the FIFA World Cup Qatar 2022. Qatar national team participated in a first training session at Jassim Bin Hamad Stadium in Al Sadd Club. The training will...

Qatar is a regional political and economic hub, says Italy envoy

Ashraf SiddiquiDohaAmbassador of Italy to Qatar HE Allessandro Prunas has praised the way Qatar, within a short period under the leadership of the Amir His Highness Sheikh Tamim bin Hamad Al Thani, has gained prestigious status as a regional political and economic hub.In an exclusive interview with...

Brazil, France and Argentina among favourites to win Qatar 2022

IKOLI VICTORDohaBrazil are the bookmakers’ favourite to win the FIFA World Cup Qatar 2022; the longest odds on a Seleçao victory in Qatar were 9/2 on Friday, according to Oddschecker. Obviously, no discussion of the main contenders is complete without mentioning the five-time champions - but, to...

Qatar’s GDP rises 6.3% to QR171.97 bn in Q2

Tribune News NetworkDoha Qatar’s real gross domestic product GDP increased 6.3 percent to QR171.97 billion in the second quarter of 2022 compared to the estimate of QR 161.71 billion in the same quarter of the previous year, The Planning and Statistics Authority (PSA) has said. According to the...

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