SIB, Noqodi sign agreement
The Noqodi platform will enable digital payments.Company News Business Banking & Finance Tech & Media
Oman’s MSX-listed banks see 18.6 percent net profit growth in 2023
MUSCAT, OMAN - Omani banks listed on the Muscat Stock Exchange (MSX) recorded net profits of US$1.17 billion (RO453.5 million)...Business Banking & Finance
Google pays $118m in settlement to underpaid female workers
Google said on Sunday that it was "very pleased" to be settling, without admission of wrongdoing, a class-action lawsuit that...The company also agreed for a third party to analyze its hiring and compensation practices as part of the settlement
Google previously agreed in 2021 to pay $3.8 million to the US Department of Labor over accusations it had discriminated against women and Asians
TotalEnergies warns consumers to ‘turn down heating’ to ease crisis
TotalEnergies chief Patrick Pouyanne hailed a deal to expand production in the world's biggest natural gas field in Qatar but...The deal for a 6.25-percent stake in the North Field East project was announced Sunday barely two months after TotalEnergies said it would pump no more money into Russia
According to the chief of Totalenergies, the new natural gas complex is part of a "success story" with Qatar which will be ready at the end of 2025 or early 2026
Islamic crypto gains currency in Muslim world
ISLAMICOIN, which adheres to strict Sharia audit, is one of the most popular digital currencies in the Islamic world, says...ISLAMICOIN follows recommendations issued by the Office of Crypto Halal for the supervision and Shari’a audit of the work of cryptocurrency markets
Crypto Halal will keep checking ISLAMICOIN project every three months for compliance
Qatari, Swiss firms discuss investment prospects in medical tourism
The two countries will celebrate 50 years of diplomatic relations in 2023, which includes organizing events like car exhibitions, and...Ambassador of Switzerland to Qatar, Edgar Dorig, said there are various opportunities to enhance Qatari-Swiss cooperation in multiple sectors.
He noted that the volume of trade between the two countries rose to more than QR 5 billion in 2021, witnessing an increase compared to 2020.
Qatar Economic Forum highlights country’s role
The forum reflects the strategic position of Qatar as an influential economic player and as a bridge for communication and...Qatar Economic Forum reflects the country's status as an influential economic player
The forum reflects Qatar's keenness to enhance international cooperation to achieve a just economic recovery
A ballet with machines: Is Artificial Intelligence the future of art?
To many they are art's next big thing -- digital images of jellyfish pulsing and blurring in a dark pink...The field has begun to attract huge interest among art collectors -- and even bigger price tags at auction.
Artists in Germany and the United States blazed a trail in computer-generated art during the 1960s.
TotalEnergies takes $2bn share in Qatar’s giant gas expansion plan
Qatar's Energy Minister Saad Sherida al-Kaabi called the joint venture "a marriage more than an engagement" as it will last...TotalEnergies will take a 6.25 percent share of the North Field East Project in its joint venture with QatarEnergy
Exxon Mobil, Shell, ConocoPhilips are all in line to take part in giant expansion that Qatar originally wanted to finance alone
End of an era as Russia’s McDonald opens in new avatar
The US fast-food giant announced on May 16 that it would exit Russia in the wake of its Ukraine offensive.The restaurant, on the spot where the very first McDonald's opened its doors to long queues and great fanfare in January 1990, is among the first 15 to welcome customers.
McDonald's Russian restaurants had accounted for around nine percent of the US group's turnover.
Saudi telco to raise capital by 150%
Bonus shares to be granted by capitalizing $7.9 bn from retained earnings.Shareholders will be granted 1.5 shares for every share at the time of maturity.
Prince Mohammad bin Khalid Al-Abdullah Al-Faisal, Chairman of the Board of Directors, said the capital increase is the largest in the history of Saudi market.
Norway to label products made in Israeli settlements
Israel on Saturday condemned Norway's decision to label products from Israeli settlements with their place of origin. Norway's social democrat...Foreign Minister Anniken Huitfeldt stressed in an interview with Norwegian news agency NTB that this in no way constituted a boycott of Israel
Norway said that the principle behind its decision, as set out in the 2019 ruling, is that consumers should not be deceived by misleading labeling on the origin or products
