Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Company News, Business, Banking & Finance, Economy

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

QGIRCO posts Q3 net profit of US$1.1m

QGIRCO was established in 1979, and its capital was about US$24 million as of Aug 2022.
By TRENDS Desk
October 28, 2022 9:39 pm
  • The company's data indicated that the earnings per share amounted to $.01 in the third quarter of this year,
  • The company's earnings per share was $.02 for the same period last year.

DOHA, QATAR – Profit of Qatar General Insurance and Reinsurance Company (QGIRCO) declined in the third quarter of 2022 compared to the same period in 2021.

QGIRCO posted a third quarter profit of US$1.1 million (QR 40,72,000) compared to a net profit of $21 million (QR 79,487,000) for the same period last year.

The company’s data, which was published on Qatar Stock Exchange website, indicated that the earnings per share amounted to $.01 (QR 0.046) in the third quarter of this year, compared to the earnings per share of $.02 (QR 0.091) for the same period last year.

QGIRCO was established in 1979, and its capital is about $24 million (QR 87,567,000).

[adinserter block="5"]

Most Read

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]