Business

Doha, July 31 (QNA) – The Qatar Stock Exchange (QSE) Index closed Wednesday’s trading session up by 3.59 points, or 0.04 percent, to reach 10,154.05 points.

During the session, 114,661,583 shares were traded, with a total value of QR 403,303,248.552,…

Doha, July 31 (QNA) – Qatar Central Bank (QCB), on Wednesday, assessed the current monetary requirements of the State of Qatar and decided to maintain the current interest rates for QCB Deposit Rate, QCB Lending Rate, and QCB Repo Rate.

In a post on …

ABU DHABI: Borouge Plc has reported a 33% year-on-year (YoY) increase in second-quarter net profit to $308 million, powered by higher sales and cost efficiencies as the company recorded its highest ever production volumes.

Adjusted earnings before in…

ABU DHABI: ADNOC announced today that its offshore Satah Al Razboot (SARB) field has achieved a 25% increase in production capacity by implementing industry-leading advanced digital technologies.

The increase at SARB field, to a total of 140,000 barr…

Qatar Islamic Insurance Group (a Qatari public shareholding company) profits grew by 23.18 percent, reaching QR 79,124, 605 by the end of the first six months of this year, compared to QR 64, 230,759 , during the same period last year.

The company sa…

ABU DHABI: Emirates Water and Electricity Company (EWEC) has announced that it has received four proposals from Acciona Agua, Engie, GS Inima Environmental and a consortium comprised of FCC Aqualia and Orascom Construction Industries for the developme…

DUBAI: Al Ansari Financial Services (AAFS) has signed a Sales and Purchase Agreement (SPA) to purchase 100 percent of BFC Group Holdings W.L.L., (BFCGH), a prominent foreign exchange and remittance group incorporated in Bahrain, for a total acquisitio…

DUBAI: In the presence of Gabriel Boric Font, President of the Republic of Chile, Dubai Chambers and ProChile (Chilean Exports Promotion Bureau of Chile’s Ministry of Foreign Affairs), signed a Memorandum of Understanding (MoU) to enhance trade and in…