Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.

Swiss reserve hike hits UBS

The reserve requirement will increase from 2.5% to 4% from July 1.

Vodafone Qatar profit up 61%

British telecoms group Vodafone agreed Monday to sell its Hungarian division to local peer 4iG and state-owned holding company Corvinus Zrt.
  • The increase in profit is mainly due to growth in earnings before finance, tax, depreciation and amortization
  • Vodafone Qatar commenced commercial operations in 2009 with a capital of QR 4.277 billion

Vodafone Qatar’s net profit increased by 61.3 percent in the first half of 2022, reaching QR 216 million ($60 million), compared to QR 134 million ($37 million) in the same period in 2021.

The increase in profit, according to a statement issued by the company on Tuesday, is mainly due to growth in earnings before finance, tax, depreciation and amortization.

Vodafone Qatar commenced commercial operations in 2009 with a capital of QR 4.277 billion.Â