Category: Business

Egypt Prime Minister Mostafa Madbouly, announced Tuesday, implementing of “South Med” project on the Northwestern North Coast with local investments of about one trillion pounds (USD 21 billion).

The project will be through partnership with the priva…

Doha: The general index of Qatar Stock Exchange (QSE) dropped 5.88 points, or 0.06%, at the beginning of trading on Tuesday, reaching 10,000 points, compared to last closing.

QSE general index was weighed down by a decline in five sectors: Insurance …

SHARJAH: Activities of the ninth annual Souq Al Jubail Dates Festival were launched in Sharjah, which will continue until the end of next September, with wide participation from the owners of date shops in Souq Al Jubail and a number of external parti…

Doha: Fitch Ratings has affirmed Commercial Bank’s Long-Term Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook. Fitch has also affirmed the Bank’s Viability Rating (VR) at ‘bb+’.

According to Fitch, Commercial Bank’s successful rating drivers …

Doha: Global Credit rating agency “Fitch Ratings” has affirmed Qatar Islamic Bank (Q.P.S.C)’s (QIB) Long-Term Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook.

QIB’s Viability Rating (VR) reflects the bank’s high exposure to Qatar’s operating…

ABU DHABI: The Abu Dhabi Quality and Conformity Council’S (ADQCC) Central Testing Laboratory (CTL) conducted over 200,000 tests in the first half of 2024 and expected to conduct more than 400,000 tests by the end of the year.

Abdulla Al Muaini, Execu…

Doha: Qatar Airways Group has Tuesday reported the strongest financial performance in its 27-year history, announcing record profits of QAR6.1 billion (US$1.7 billion) in its Annual Report for the 2023-2024 financial year.

The multiple award-winning …

ABU DHABI: The Federal Tax Authority (FTA) has urged Resident Juridical Persons with Licences issued in May (regardless of the year of issuance) to submit their Corporate Tax registration applications by 31st July 2024.

This aligns with the timelines…