Qatar Tribune - Business

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Commercial Bank reports QR1.26 bn net profit for H1 amid strategic growth, global tax impact

Tribune News NetworkDohaThe Commercial Bank its subsidiaries and associates (Group) on Wednesday announced a net profit of QR1261.4 million for the first half of 2025 reflecting its continued resilience and commitm

Jul 17, 2025
A currency trader works near a screen showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Tuesday, July 15, 2025. (AP Photo/Ahn Young-joon)

Asian shares mixed after Nvidia nudges Nasdaq to a record

AgenciesShares in Asia traded mixed on Wednesday after an update on U.S. inflation pulled most Wall Street stocks lower though gains for Nvidia pushed the Nasdaq to another record.Tokyos Nikkei 225 edged less than

Jul 17, 2025
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Trump finds new grounds for Powell’s dismissal in Fed project

AgenciesPresident Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell accusing him of mismanaging the U.S. central banks $2.5 billion renovation project.

Jul 17, 2025
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QC discusses economic ties with Turkish planning association

Tribune News NetworkDohaQatar Chamber (QC) Acting General Manager Ali Bu Sharbak Al Mansouri met with Turkish Association for Economic Planning (EPIAD) President Ahmad Yahya Matar to discuss ways to strengthen Qatari-Turkish economic ties.The meeting focused on enhancing trade exchange joint investments

Jul 17, 2025
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GCC Customs Union partners with Malomatia

QNADohaThe GCC Customs Union Authority and Malomatia company signed a contract to build a unified central platform for the exchange of customs data among GCC countries.This strategic step aims to modernize and develop the digital infrastructure for customs procedures and enhance joint customs work withi

Jul 17, 2025
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QIB net profit up 5.3% to QR2.18 billion in H1

Tribune News NetworkDohaQatar Islamic Bank (QIB) the countrys leading Sharia-compliant financial institution has reported a net profit of QR2175 million for the six-month period ending 30 June 2025 marking a 5.3 percent increase compared to QR2065 million recorded during the same period last year. The bank

Jul 17, 2025
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AI video becomes more convincing, rattling creative industry

AgenciesGone are the days of six-fingered hands or distorted facesAI-generated video is becoming increasingly convincing attracting Hollywood artists and advertisers while shaking the foundations of the creative industry.To measure the progress of AI video you need only look at Will Smith eating spaghetti.Since 2023 this unlikely sequenceentirely

Jul 17, 2025
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Stellantis pulls plug on hydrogen fuel cell vans

AgenciesJeep-maker Stellantis said Wednesday it was pulling the plug on plans to build light vans using hydrogen fuel cells saying it saw no prospects for it to be commercially viable. The company whose stable of brands also includes Peugeot Citroen and Fiat had planned to begin serial production of commercial vans equipped with hydrogen fuel cells this summer a

Jul 17, 2025
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Morgan Stanley’s second quarter profit rises

AgenciesMorgan Stanleys profit climbed as market volatility buoyed its trading desk echoing second-quarter results among its Wall Street rivals. Equity markets swung sharply during the quarter after US President Donald Trump announced sweeping tariffs against major economies. The turbulence spurred trading as investors repositioned their portfolios and hedged risks driving

Jul 17, 2025
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Brussels kicks off two years of budget battles with new plan

AgenciesThe European Commission will kickstart two years of tense negotiations when it unveils its proposal Wednesday for the EUs long-term budget including funding reforms that risk renewed confrontation with farmers. EU chief Ursula von der Leyen has to balance a growing list of priorities including bolstering the blocs security ramping up Europes compet

Jul 17, 2025
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Dutch giant ASML sees profits rise but warns on 2026

AgenciesDutch tech giant ASML said Wednesday it booked higher net profits in the second quarter of 2025 compared with the same period last year but warned that geopolitical headwinds had darkened the 2026 outlook.The firm which makes cutting-edge machines for the manufacture of semiconductors said net profits came in at 2.3 billion euros compared with 1.6 billion

Jul 17, 2025
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Fed’s fears start to be realized as tariff costs begin to hit consumers

AgenciesAbroad rise in prices from coffee and audio equipment to home furnishings pushed U.S. inflation higher in June which economists view as a sign that the Trump administrations escalating import tariffs are being passed on to consumers.Overall consumer prices rose 0.3% in June a roughly 3.5% annual rate after a 0.1% increase in May official data showed

Jul 17, 2025
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Quiet solar rush puts pressure on Pakistan’s national grid

AgenciesPakistanis are increasingly ditching the national grid in favor of solar power prompting a boom in rooftop panels and spooking a government weighed down by billions of dollars of power sector debt.The quiet energy revolution has spread from wealthy neighborhoods to middle- and lower-income households as customers look to escape soaring electricity bills and

Jul 17, 2025
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Indonesia hails new era with US after Trump lowers tariff to 19%

AgenciesIndonesias leader lauded on Wednesday a new era of trade relations with the U.S. following President Donald Trumps announcement that he had lowered the tariff rate faced by Southeast Asias largest economy from 32% to 19%.The Trump administration has been under pressure to finalize trade pacts after promising a flurry of deals recently as cou

Jul 17, 2025
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Aamal acquires Golden (Aamal) Tower for QR478.4 million

Tribune News NetworkDoha Aamal Company (Aamal) one of the regions largest and most diversified companies is on Tuesday announced that through its subsidiary Aamal Real Estate (ARE) it has entered into an agreement to purchase the Golden (Aamal) Tower located in Onaiza Doha for a total price of QR478.4 million. The purchase price was determined

Jul 16, 2025
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QIB, Mastercard launch summer campaign with 10 mn Absher points

ANIDoha Qatar Islamic Bank (QIB) Qatars leading digital bank and Mastercard have launched a Summer Spend Campaign offering QIB Mastercard Credit and Debit Cardholders the chance to win a share of 10 million Absher rewards points when using their cards internationally over the summer.During the 3-month campaign ending on October 14 2025 60 winner

Jul 16, 2025
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Woqod posts QR460 million H1 profit, declares dividend

Tribune News NetworkDoha Qatar Fuel Company (Woqod) Qatars sole distributor and marketer of refined petroleum products and gas announced its financial results for the first half of 2025 posting a net profit of QR460 million. The results approved by the companys board of directors chaired by Ahmed Saif Al Sulaiti reflect Woqods performance for the six-m

Jul 16, 2025
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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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Team tasked with reviewing claims for damages from intercepting Iranian missiles holds its first meeting

QNADohaAs part of implementing the mechanisms and regulations approved by the Civil Defence Council to address reports of damage resulting from the interception of Iranian missiles the specialised team tasked with reviewing affected individuals claims held its fir

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Qatar Tourism reveals judges for 3rd edition of Qatar Tourism Awards

Tribune News NetworkDohaQatar Tourism has revealed a distinguished 10-member jury panel of local and international experts for its third edition of the Qatar Tourism Awards.These eagerly awaited awards honour organisations and individuals known for consis

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‘FIFA U-17 World Cup will be another spectacular event hosted by Qatar’

Tribune News NetworkDohaEgyptian football legend and U-17 head coach Ahmed Al Kass looks forward to seeing a new generation of players shining on the big stage during the upcoming FIFA U-17 World Cup 2025. Set to take place in Qatar from 3 27 November this will

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QNB Turkiye wins silver at Kristal Elma Awards for innovative rebranding campaign

Tribune News NetworkDohaQNB Turkiye has been awarded the prestigious Silver Award at the Kristal Elma Awards Trkiyes leading creative advertising competition for its rebranding campaign titled Herkes QNBye Geiyor (Everyone is Switching to QNB).

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