Vodafone Qatar 2023 profit up
The 2023 net profit of Vodafone Qatar increased to $148 million.Company News Business Tech & Media
Jabal Omar secures $509m Murabaha
The financing agreement was signed with Al Rajhi Bank.Company News Business
Trial of two Europeans for Iraq antiquity theft adjourned
An Iraqi court on Sunday adjourned for two weeks the trial of a Briton and a German man accused of...James Fitton, 66, a retired British geologist, and Volker Waldmann, 60, a Berlin psychologist, have been in custody since they were arrested on March 20 at Baghdad airport
The trial was adjourned until June 6 to allow time for further investigations, at the request of Waldmann's defense lawyer, Furat Kuba
Davos summit of global elites returns after two-year break
The Davos summit of global political and business elites returns Monday after a Covid-induced two-year break to face another momentous...The theme of the World Economic Forum, "History at a Turning Point", sets the tone for the four-day meeting in the glitzy Swiss mountain resort
More than 50 heads of state or government will be among the 2,500 delegates, ranging from business leaders to academics and civil society figures
Nayifat CEO resigns
Al-Sowailem resigned due to “personal circumstances."Al-Sowailem held the position of managing director and has resigned from his membership in the board of directors and committees
The company said it will announce any further developments relating to the appointment of a new or acting CEO at the earliest opportunity
World Cup police brace for ‘huge crowds’ in Doha
Controlling hundreds of thousands of football fans in Qatar's capital will be the biggest security challenge of World Cup 2022,...Unlike previous World Cups, where only two teams and their supporters would generally converge on one city at any given time, all the games will take place in and around Doha
Major General Abdulaziz Al-Ansari, head of Qatar's World Cup security operation, also acknowledged that the numbers were the main concern
Sharjah Consultative Council reviews plans to promote private sector
The Financial, Economic and Industrial Affairs Committee of the Sharjah Consultative Council (SCC) reviewed its strategic plans to promote the...Saif Mohammed Al Midfa, Chairman of the Council’s Financial, Economic and Industrial Affairs Committee, praised exhibition industry's achievements.
He said the council looked forward to enhancing the reputation of Sharjah as a regional hub for prospective investments.
DEWA research facility registers patent for drone charging system
Dubai Electricity and Water Authority’s (DEWA)’s Research & Development Centre has registered a new patent for an Unmanned Aerial Vehicles...The system enables continuous charging for UAVs, providing longer flying hours with a large storage capacity.
DEWA said the system can be used for government, military, commercial, and personal operations.
Qatar Chamber signs deal with Spanish firms to promote trade
Qatar Chamber signed a deal with two Spanish organizations by which it seeks to enhance economic, commercial and trade cooperation...There are about 50 Spanish companies operating in Qatar in various sectors like trade, contracting, services.
Bilateral trade exchange between both countries hit $1.2 billion last year compared with $820 million in 2020.
Al-Waleed to sell 16.87 percent of his firm to Saudi sovereign fund
The sale of 625 million shares of the Riyadh-headquartered Kingdom Holding Company is worth roughly $1.5 billion. The company owns...Al-Waleed, once dubbed the Warren Buffett of Saudi Arabia, struggled to recover his political and financial standing in the kingdom after he was detained in a crackdown.
Saudi Public Investment Fund, chaired by Crown Prince Mohammed bin Salman, is at the heart of Saudi Arabia's efforts to end its reliance on oil.
Iraq will have a surplus of the difference in selling oil: FM
Iraq's Finance minister said during a Television interview, "Iraq will have a surplus of the difference in selling oil, up...Minister said in a Television interview, "Iraq will have a surplus of the difference in selling oil, up to 20 billion dollars"
According to the Iraqi Minister, 2021 budget is unable to cope with economic fluctuations
Central Bank of Iraq increases its capital to $3.42 billion
The Central Bank of Iraq has announced an increase in its capital to 5 trillion dinars ($3.42 billion) Iraqi media...The bank decided to its capital from 3 trillion dinars to 5 trillion dinars.
The increase was made using part of the profits achieved by CBI in 2021.
