Qatar Tribune - Business

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QNB opens premium VIP lounge at Printemps Doha Oasis

Tribune News NetworkDohaQNB Group the largest financial institution in the Middle East and Africa opened its Premium VIP Lounge at Printemps the largest luxury department store in the Middle East at Doha Oasis pro

Jun 23, 2024
US real estate billionaire Frank McCourt speaks during an interview at the Collision 2024 tech conference.

US billionaire eyes TikTok takeover to save internet from Big Tech

AgenciesFrank McCourt a U.S. real estate billionaire aims to buy TikTok to rescue the internet from the clutches of major platforms that he firmly believes are destroying society and endangering children.In the Unite

Jun 23, 2024
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Kaspersky denies it’s a hazard after US ban

AgenciesThe cybersecurity firm Kaspersky denied Friday that it is a security threat after the U.S. Commerce Department banned the use of its software in the United States.The Moscow-based company whose CEO Eugene K

Jun 23, 2024
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Mouse shakers, power naps: Corporate America fights ‘keyboard fraud’

AgenciesA U.S. banking giant fired more than a dozen employees for simulating keyboard activity highlighting a battle within productivity-obsessed corporate America to tame a culture of faking work with gizmos such as mouse jigglers.The sackings by Wells Fargo come as employers use sophisticated tools -- popul

Jun 23, 2024
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Omega Lunar Exhibition at Doha’s HIA showcases Speedmaster Moonwatch

Tribune News NetworkDohaOmega is currently displaying a captivating Lunar Exhibition showcase that brings the wonders of lunar exploration to tourists and residents passing through the award-winning Hamad International Airport (DOH) in Doha Qatar.The exhibition which launched on May 2 2024 offers an

Jun 23, 2024
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Nvidia suffers rare retreat as Nasdaq streak ends

AgenciesThe torrid rally in Nvidia and other artificial intelligence-linked equities took a pause Thursday leaving the tech-centered Nasdaq lower following seven straight records.Both the Nasdaq and the S&P 500 retreated from records while the Dow pushed higher following an up session on European bourses.

Jun 23, 2024
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Trump is proposing to make tips tax-free. What would that mean for US workers?

AgenciesFormer President Donald Trumps new proposal to exclude tips from federal taxes is getting strong reviews from some Republican lawmakers though major questions remain about the impact of the policy and how it would work.Whats certain is that a change in the taxation of tips would affect millions. The U.S. Bureau of Labor Statistics estimates there are

Jun 23, 2024
FILE PHOTO: Tourists and residents drink on a street in Gracia neighbourhood during a heatwave of the summer, in Barcelona, Spain August 19, 2023. REUTERS/Bruna Casas/File Photo

Barcelona plans to shut all holiday apartments by 2028

AgenciesBarcelona a top Spanish holiday destination announced on Friday that it will bar apartment rentals to tourists by 2028 an unexpectedly drastic move as it seeks to rein in soaring housing costs and make the city liveable for residents.The citys leftist mayor Jaume Collboni said that by November 2028 Barcelona will scrap the licenses of the 10101 apa

Jun 23, 2024
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China’s growth is gaining further momentum in 2024

Early in the year China was one of the main reasons for relatively tepid global growth projections for 2024. After almost three years of volatile growth and unexpected headwinds coming from China negative narratives from investors and analysts started to intensify dominating the country agenda. In fact the Bloomberg consensus forecasts pointed to a slow 4.5% Chinese growth for 2024 sign

Jun 23, 2024
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Oil prices ease on strong dollar, mixed global economic news

Crude prices eased about 1% on Friday on worries that global oil demand growth could be hit by a strong U.S. dollar and negative economic news from some parts of the world. Prices declined despite signs of improving U.S. oil demand and falling fuel inventories that helped boost crude prices to a seven-week high a day earlier. Brent futures fell 47 cents or 0.6% to settle at $8

Jun 23, 2024
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FDI into China hits $57.94 bn in first five months of 2024

QNA & AgenciesBeijing Foreign direct investment (FDI) in mainland China reached 412.5 billion yuan (approximately $57.94 billion) during the first five monthsof 2024.The Ministry of Commerce of China announced in a statement on Saturday that this figure represents a 28.2 percent decrease compared to the same period last year but emphasized that the vol

Jun 23, 2024
QIB Remit

QIB partners with Nabil Bank to offer instant money transfers to Nepal

Tribune News NetworkDohaQatar Islamic Bank (QIB) Qatars leading digital bank has announced the addition of Nepal to its Direct Remit Service on the Mobile App and Lite App. This strategic move signifies QIBs dedication to elevating and expanding its suite of money transfer options designed to meet the evolving needs of its diversified customers as part of

Jun 23, 2024
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China’s risky answer to wall of debt is more debt

AgenciesHONG KONGChinas economy is buried under a great wall of debt and Xi Jinpings answer is to add more bricks. The president has sanctioned an extraordinary programme of borrowing by the central government to steer the $18 trillion behemoth to high quality development. In doing so he is piling risk onto the countrys last decent balance sheet.

Jun 21, 2024
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Economic reforms to feature in China’s key policy meeting

AgenciesA senior economic policy adviser to the Chinese leadership has predicted that a key policy meeting will generate substantial reform measures including steps to unleash new quality productive forces.Justin Lin Yifu dean of Peking Universitys Institute of New Structural Economics and a former chief economist at the World Bank made the comments in a

Jun 21, 2024
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German coalition locked in bitter dispute over 2025 budget

AgenciesThe three parties in the German government are embroiled in a heated conflict over the 2025 budget with experts cautioning that the deadlock could be the breaking point for the fragile coalition.Chancellor Olaf Scholzs Social Democrats (SPD) the Greens and the liberal Free Democratic Party (FDP) who came to power in 2021 have until July 3 the end of

Jun 21, 2024
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Time for Greek-Turkish energy co-op in Aegean, East Med: Officials

AgenciesThe head of Greeces official investment and trade promotion agency has said that the time has come for Turkey and Greece to focus on energy cooperation in the Aegean and Eastern Mediterranean.Bearing in mind the historic cultural and trade ties between our countries along with the collaborations established within the framework of a positive agen

Jun 21, 2024
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China’s key plenum aims to fix decades-old tax revenue imbalance

AgenciesThe long-promised reforms to Chinas tax system will concentrate on enabling local governments to keep a larger share of fiscal revenues according to policy advisers a move widely regarded by markets as a crucial measure to eliminate an immediate risk to financial stability.Measures that redistribute income from central authorities to municipalities cur

Jun 21, 2024
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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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‘Qatar and Spain committed to bolstering partnership further’

QNAMadridPrime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani and Minister of Foreign Affairs European Union and Cooperation of the Government of Spain HE Jose Manuel Albares Bueno launched the first annual Qatar-Spain

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‘Amir’s visit to the Netherlands culmination of significant upswing in ties’

QNAAmsterdamAmbassador of the State of Qatar to the Kingdom of the Netherlands HE Dr. Mutlaq bin Majid Al Qahtani has affirmed that the upcoming visit of the Amir HH Sheikh Tamim bin Hamad Al Thani to the Netherlands in response to the invitation of HM King Willem-Ale

Turkiye's Zeki Celik (C) and goalkeeper Altay Bayindir (R) cannot prevent the own goal, second goal for Portugal, during the UEFA Euro 2024 Group F at the Signal Iduna Park in Dortmund on Saturday. (DPA)
Bizarre own goal helps Portugal into last 16

DPADortmund/HamburgPortugal coasted into the Euro 2024 last 16 as Group F winners on Saturday after they were helped by a bizarre own goal from Turkiye in a 3-0 victory.Earlier in the same group Georgia picked up their first point at a major tournament b

Doha Bank-2
Doha Bank unveils Qatar’s biggest grand prize

Tribune News NetworkDohaDoha Bank has announced the launch of the Al Dana Savings Scheme 2024 designed to offer great benefits and opportunities for their customers.Al Dana continues to offer the biggest grand prize of QR2.024 million in Qatar. Every mon

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