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Business

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

QIB’s profit shoots up 13%

A front view of the headquarters of Qatar Islamic Bank in Doha. (QNA)
By TRENDS Desk
October 18, 2022 2:28 pm
  • The bank's data showed an increase in earnings per share for the period ending on Sep. 30, 2022, to reach QR1.21, compared to QR 1.07 for the same period last year
  • QIB carries out all banking, finance, investment and banking services in accordance with the provisions of Islamic Sharia

Doha, Qatar—The net profit of Qatar Islamic Bank (QIB) has shot up 12.87 % in the first nine months of 2022 to reach $783 million, compared to $692 million in the same period last year.

The bank’s data showed an increase in earnings per share for the period ending on Sep. 30, 2022, to reach QR1.21, compared to QR 1.07 for the same period last year.

Qatar Islamic Bank was established in 1982 and was listed on Qatar Stock Exchange in 1997. It carries out all banking, finance, investment and banking services in accordance with the provisions of Islamic Sharia.

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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