Qatar Tribune - Business

Doha Bank brings Apple Pay for its customers

Tribune News NetworkDohaDoha Bank, one of the largest commercial banks in Qatar, on Tuesday announced that the bank has brought its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card...

Aug 17, 2022
New esg intelligence report on Qatar shows how the country is addressing environment and social challenges

Tribune news network Doha A new environmental, social and governance (ESG) intelligence report, produced by Oxford Business Group (OBG) in partnership with Lulu Group International, maps out how policymakers are addressing local and global...

Aug 17, 2022
Federal Reserve faces balance sheet dilemma as US economy slows

AgenciesNew York With the recent slowdown in inflation, the Federal Reserve is faced with a conundrum ahead of a plan next month to double the rate at which it is shrinking its massive $8.9 trillion balance sheet.The move to accelerate quantitative...

Aug 17, 2022
Indonesian President Joko Widodo gestures during his annual speech at the parliament in Jakarta on Tuesday. (AFP)

Indonesia’s Widodo hails ‘strong’ economy, rising global profile

Agencies Indonesia stands at the “pinnacle” of international leadership and its economy is strong enough to withstand global headwinds, Indonesian President Joko “Jokowi” Widodo has said in an annual address to parliament.Striking an optimistic tone ahead of Indonesia’s 77th independence day on August 17, Widodo said on Tuesday that the...

Aug 17, 2022
A cashier scans items at a Walmart store in Burbank, California on Monday. (AFP)

Boost to Walmart earnings as discounts draw inflation-hit shoppers

Agencies New YorkWalmart slightly raised its annual profit forecast on Tuesday, partially reversing a significant decrease from less than a month earlier, as discounts to remove excess inventory and reduced petrol prices helped the mega-retailer surpass quarterly sales projections.The stock increased 5.2 percent when the New York Stock Exchange...

Aug 17, 2022
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British pharma company GlaxoSmithKline completes Affinivax buy

dpa LondonBritish pharmaceutical company GlaxoSmithKline (GSK) has completed the acquisition of clinical-stage biopharmaceutical company Affinivax, the company said on Tuesday.The definitive deal was announced by GSK in May this year. The acquisition involved $2.1 billion upfront payment and up to $1.2 billion in potential development...

Aug 17, 2022
Ryanair boosts flights from Stansted airport due to Heathrow passenger cap

dpa London Ryanair said it will add more than 500 flights serving London Stansted during the October half-term school holiday after Heathrow extended its cap on passenger numbers.The Dublin-based airline said the extra flights at the Essex airport will have capacity for 100,000 passengers.Heathrow announced on Monday that the limit of 100,000 daily departing passengers it introduced in July due to...

Aug 17, 2022
British grocery bills soar at fastest rate since 2008

DPALondon British shoppers have witnessed their grocery bills surge at the fastest rate since 2008 following spikes in the price of butter, milk and chicken, according to new data.Research firm Kantar has revealed grocery price inflation jumped to 11.6 percent for the four weeks to August 7, compared with 9.9 percent in the previous month.It said this equates to a £533 annual...

Aug 17, 2022
Carrefour Qatar opens its newest store in Doha’s Lagoona Mall

Tribune News Network Doha Carrefour Qatar has unveiled its newest addition, the 10th store in its collection of successful retail hypermarkets and supermarkets in Qatar. The newest store is in Lagoona Mall, a well-appointed and dynamic shopping destination, situated between the iconic Zig Zag towers on Doha’s elegant waterfront.In close proximity to Katara, Doha’s cultural district; The...

Aug 17, 2022
CBFS gets ‘Most Innovative Mobile Trading Application in Qatar’ award

Tribune News NetworkDoha Commercial Bank Financial Services, a fully owned subsidiary company of Commercial Bank Group, has received the “Most Innovative Mobile Trading Application” award in Qatar, for the year 2022, from the London-based global financial publication, International Finance Magazine, for the second consecutive year.This award comes as an affirmation that CBFS is the number one...

Aug 16, 2022
Net profit of QSE firms rise 29% to QR27.19 billion in H1

QNADohaThe combined net profit of all Qatar Stock Exchange listed companies amounted to QR27.19 billion in the first half of 2022 compared to QR21.04 billion for the same period last year, an increase of 29.24 percent. Data issued by the QSE revealed that the telecommunications sector topped the financial results of the listed companies in the first half of 2022.In fact, the telecommunications...

Aug 16, 2022
Milaha opens first Hino trucks showroom in Qatar

Tribune news network Doha Milaha, the exclusive authorised distributor of the Japanese-assembled Hino trucks in Qatar, celebrated the opening of the first Hino showroom in Qatar that features different truck models including light, medium and heavy-duty trucks, the company said in a statement on Saturday.The opening was held in the presence of Ali Mohamed al Kuwari, VP - Marine and Industrial...

Aug 16, 2022
QIC named ‘Domestic General Insurer’ & ‘Auto Insurance Initiative’ of The Year in Qatar

Tribune news networkDohaQatar Insurance Company (QIC), the largest insurance company in the MENA region, has received the “Domestic General Insurer of The Year” & “Auto Insurance Initiative of The Year” in Qatar awards at Insurance Asia Awards 2022, the company announced in a statment Monday.QIC’s newest recognition reflects the company’s success in leading the change of general...

Aug 16, 2022
LuLu Group launches ‘India Utsav’ to promote Indian brands in Qatar

Satyendra Pathak Doha In a bid to promote Indian brands and make Indian products more popular in Qatar, LuLu Group launched ‘India Utsav’ at its outlets across Qatar on Monday.The ‘India Utsav’, which marked the 75th Anniversary of India’s Independence, was launched at the same time across all Lulu stores in the GCC countries. It was the first ever simultaneous region-wide launch of...

Aug 16, 2022
Apicorp to support nogaholding across ESG and green financial solutions

Tribune news network doha The Oil and Gas Holding Company (nogaholding) and the Arab Petroleum Investments Corporation (APICORP) has signed a memorandum of understanding (MoU) to promote collaboration between the two entities, a statement said on Monday. Under the MoU, nogaholding will leverage APICORP’s experience as a partner to the Arab energy sector to support the company’s strategic...

Aug 16, 2022
US housing market index unexpectedly drops to two-year low in August

Washington: A report released by the National Association of Home Builders on Monday unexpectedly showed a continued deterioration in US homebuilder confidence in the month of August.The report showed the NAHB/Wells Fargo Housing Market Index dropped to 49 in August from 55 in July. Economists had expected the index to come in unchanged.With the unexpected decrease, the housing market index fell...

Aug 16, 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.

Obscene, offensive marketing literature to draw QR1 mn fine

QNA Doha Shopping malls and merchants face a fine of QR1 million or a potential ban on doing business in Qatar if they promote obscene or offensive marketing literature or products, the Ministry of Commerce and Industry has said.Display of goods or materials containing images, visuals or audios...

Assistant FM meets French president’s envoy to Libya

QNA ParisAssistant Foreign Minister for Regional Affairs HE Dr Mohammed bin Abdulaziz bin Saleh Al Khulaifi met with Special Envoy of the French President to Libya, Paul Soler, in Paris on Tuesday.During the meeting, they reviewed bilateral relations between the two countries and the latest...

Msakni puts Al Arabi back atop standings

Tribune News Network Doha Al Arabi were back as the QNB Stars League new season leaders with a 2-0 win over Al Markhiya in their Week 3 match played at the Education City Stadium on Tuesday.The star of the match for Al Arabi, who moved to the top of the standings with nine points, was their...

Qatari Diar to be platinum sponsor of ‘Qatar Economic and Commercial Activity Guide’

Tribune News Network Doha Qatar Chamber and Qatari Diar Real Estate Investment Company recently signed a sponsorship agreement, through which the Qatari Diar will be the platinum sponsor of the ‘Qatar Economic and Commercial Activity Guide’.The agreement was signed by the Qatar Chamber Public...

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