Powdered milk project in Algeria will be world’s biggest: Baladna chief
QNAAlgiers Baladna for Food Industries Chairman Moutaz Al Khayyat affirmed that the project to produce powdered milk in Algeria under the agreement signed with the Algerian Ministry of Agriculture and Rural Developmen
New CEO faces challenges at German chemical giant BASF
dpaMannheimThe outgoing top executive at Germanys BASF Martin Brudermller warned of challenges and continued turbulent times ahead during his final day at the helm of the global chemical giant.The 6
US GDP growth slows sharply to 1.6% in Q1 amid rates pressure
AgenciesThe U.S. economy slowed sharply last quarter growing at an annual rate of 1.6% markedly weaker than analysts expectations of 2.4% in a sign that the high interest rates may be taking a toll on borrowing and spending.
Barclays profit falls as mortgage lending, investment bank squeezed
LondoncTypeface:> Barclays has reported lower profits for the start of the year as mortgage lending and deposits dipped and its investment bank was squeezed amid prevailing economic uncertainty. The high street banking giant reported a group pre-tax profit of 2.3 billion ($2.9 billion) for the first three months of the year down 12% from
Aamal revenue rises 6.2% to QR543.3 million in Q1
Tribune News NetworkDohaThe board of directors of Aamal Company one of the regions leading diversified companies on Thursday announced its financial results for the first quarter of 2024.The companys total revenue was up 6.2 percent to QR543.3 million compared to QR511.4 million in the first quar
Turkish central bank keeps interest rate unchanged at 50%
AgenciesTrkiyes central bank kept its key policy rate the one-week repo auction rate constant at 50% on Thursday in line with expectations citing monetary policy decisions in March that have led to significant tightening in financial conditions.The effects of monetary tightening on credit conditions and do
Britain’s Sainsbury’s forecasts ‘strong’ profit growth this year
PAMedia/dpa LondonSainsburys has said it expects to deliver strong profit growth over the year ahead after cheering surging food sales by reining in prices to help win customers from UK rivals.The British supermarket giant reported a better-than-expected 1.6% rise in underlying pre-tax profits to 701 million ($877 million) for the year to M
Nature degradation could cause 12% loss to UK GDP: Analysis
PAMedia/dpa LondonNature degradation could lead to a 12% loss to UK gross domestic product (GDP) by 2030 according to a groundbreaking analysis.Economists scientists UK government officials and financial regulators provided direction for a new assessment of how the deterioration of ecosystems both domestically and internationally could affe
UK car production fell 27% on-year in May, figures show
PA Media/dpaLondonCar production fell back last month as factories adjusted for new models latest figures show.The number of cars built was 59467 down by 27% compared with a year ago said the Society of Motor Manufacturers and Traders (SMMT).It was the first fall since August last year but the trade body said it was in line with expecta
Qatar-Jordan trade hits QR746 million in 2023, says QC
Tribune News NetworkDohaThe Qatar Chamber (QC) on Wednesday hosted a meeting with a delegation of Jordanian manufacturers led by Jordan and Amman Chambers of Industry Chairman Fathi AlJaghbir. From the Qatari side the meeting was headed by QC Second Vice-Chairman Rashid bin Hamad Al Athba.The meeting was also attended by QC board members Abdulrahman Al
UDC posts net profit of QR76 mn on revenues of QR471 mn in Q1
Tribune News Network Doha United Development Company (UDC) a leading Qatari public shareholding company and the master developer of The Pearl and Gewan Islands on Wednesday announced its financial results for the first quarter of 2024 reporting net profit of QR76 million on revenues of QR 471 million. The net profit attributable to the equity shareho
CB wins two awards at 2024 International Finance Magazine Awards
Tribune News NetworkDohaCommercial Bank a leader in innovative digital banking solutions in Qatar announced its remarkable achievement in winning two esteemed awards at the 2024 International Finance Magazine Awards. The Bank has been recognized as the Fastest Growing Credit Card Issuer and the Best Card Payment Service POS/ATM in Qatar for 2024.The I
Biden signs TikTok ownership bill into law
dpaWashingtonPresident Joe Biden signed a bill aimed at forcing a change of ownership of popular video-sharing app TikTok into law on Wednesday after the US Senate approved it by a large margin.The law threatens TikTok with being banned from US app stores if it is still owned by the Chinese-based ByteDance Group in a years time.Tiktok in
Boeing posts lower first quarter loss, beating estimates
Washington: The troubled US aircraft manufacturer Boeing said on Wednesday that its first quarter annual loss had decreased to -$343 million or -$0.56 per share thereby beating Wall Street estimates. Those figures compare with -$414 million or -$0.69 per share from last years first quarter. Excluding items Boeing reported adjusted earnings of -$388 million or -$1.13 per share for t
‘Unbelievable’ US economy is booming
AgenciesOne of corporate Americas most prominent executives on Tuesday expressed confidence in a robust U.S. economy backed by strong employment and healthy consumer finances.The U.S. economic boom is unbelievable JPMorgan Chase CEO Jamie Dimon said at an Economic Club of New York event. Even if we go into recession the consumers still in good shape
Tensions between Beijing and Washington are a worry for US companies in China, report says
AgenciesSimmering tensions between Beijing and Washington remain the top worry for American companies operating in China according to a report by the American Chamber of Commerce in China released Tuesday.The survey of U.S. companies said inconsistent and unclear policies and enforcement rising labor costs and data security issues were other top concerns. It also
TikTok suspends contested rewards scheme amid EU legal probe
BrusselscTypeface:> Chinese-owned video sharing platform TikTok announced on Wednesday that it is voluntarily suspending the rewards scheme for its new TikTok Lite app amid a legal investigation by the European Commission. The commission said on Monday that it could order TikTok to suspend the rewards feature unless the company demonstrated - within 48 hours - that it poses no risk of serio
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.
QNADohaThe State of Qatar hosted delegations from Russia and Ukraine within the framework of its ongoing mediation efforts to reunite families separated by the Russian-Ukrainian conflict.Minister of State for International Cooperation at the Ministry of F
QNA DohaMinister of State for International Cooperation at the Ministry of Foreign Affairs HE Lolwah bint Rashid Al Khater met with Minister of Foreign Affairs of Greece George Gerapetritis in Doha on Thursday.During the meeting the two sides discussed r
AFCDohaExtra-time goals from Mao Hosoya and Kotaro Uchino ensured Japan squeezed past 10-man Qatar and into the semi-finals of the AFC U23 Asian Cup Qatar 2024 with a 4-2 win over Ilidio Vales side at Jassim Bin Hamad Stadium on Thursday.Hosoya slipped
QNADoha The Third Arab Capital Markets Conference kicked off on Thursday in the presence of Minister of Commerce and Industry HE Sheikh Mohammed bin Hamad bin Qassim Al Thani and Qatar Central Bank Governor and Qatar Financial Markets Authority (QFMA) Chairman Sheikh
