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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Qatar’s Producer Price Index for Feb down 0.33 percent year-on-year

A general view of Doha, Qatar.
  • The PPI for the industrial sector is composed of four main sectors: mining and quarrying, which accounts for 82.46 percent of the index.
  • On an annual basis, the index for this sector fell by 0.42 percent, attributed to the same decline in oil and gas extraction.

Doha, Qatar — Qatar’s general Producer Price Index (PPI) for the industrial sector for February recorded 114.01 points, showing stability compared to January, but reflecting a decrease of 0.33 percent compared to the same month in 2024.

The PPI for the industrial sector is composed of four main sectors: mining and quarrying, which accounts for 82.46 percent of the index. Manufacturing, which represents 15.85 percent. Electricity at 1.16 percent and water at 0.53 percent.

According to data released today by the National Planning Council, the mining and quarrying sector index declined by 0.12 percent compared to January 2025, due to a 0.11 percent drop in the prices of crude oil and natural gas extraction, while prices for other mining and quarrying activities remained unchanged, according to QNA.

On an annual basis, the index for this sector fell by 0.42 percent, attributed to the same decline in oil and gas extraction, despite a slight 0.06 percent increase in other mining and quarrying activity prices.

In the manufacturing sector, the index increased by 0.50 percent compared to January 2025.

This was due to a rise in the prices of several product categories, including rubber and plastic products, refined petroleum products, chemical and chemical products, basic metals, cement and non-metallic mineral products, and beverages.

However, food product prices fell by 3.12 percent, and there was no change in the prices of printing and reproduction of recorded media. Annually, the manufacturing sector index rose by 0.60 percent compared to February 2024.

This was driven by notable increases in prices for basic metals, cement and non-metallic mineral products, rubber and plastic products, chemical products, beverages, and printing.

On the other hand, prices declined for refined petroleum products and food products.

In the electricity, gas, and air conditioning supply sector, the index rose by 1.01 percent compared to January 2025, but showed a year-on-year decline of 8.28 percent.

Meanwhile, the water supply sector saw a decrease in its index by 2.75 percent compared to January 2025, but recorded an annual increase of 7.24 percent compared to February 2024.