Automakers lead market losses after Trump tariffs on imported vehicles
Wall Street's main indexes opened in the red, with General Motors sinking more than nine percent in early trading while...
Business
EU skewers Google, Apple over tech rules – despite Trump threats
The European Union defied US threats of retaliation Wednesday by accusing Google of violating its digital rules -- which could...
Science
Economy
QDB unveils green financing
It will target Qatar-based small and medium enterprises.
- QDB Acting CEO said that supporting sustainability through this and other programs is part of the bank's strategy to support environmentally friendly projects
- QDB will finance 80 percent of a project's total cost for companies that will produce final green products with a positive and sustainable environmental impact
Iraq’s Gulf Cup victory marred by stampede, logistical slips
Baghdad, Iraq--Iraq saw the Gulf Cup as a chance to rehabilitate its image after a years-long football hosting ban, but a...
- The stampede outside a football stadium ahead of the cup final in the southern city of Basra killed one person and injured dozens
- The Gulf Cup was an opportunity to show that Iraq could safely host a tournament, as the country seeks to rebuild after decades of conflict
YEARBOOK 2023
Southeast Asia may re-take leading growth position
Advanced economies are expected to slow down further this year, while ASEAN-6 economies are more resilient to the current macro...
- Pre-pandemic, Southeast Asia was one of the most dynamic economic regions in the world, prompting opportunity and growth at a significant scale for decades, says a QNB report
- Advanced economies may slow down further this year, while ASEAN-6 economies are more resilient to the current macro scenario and should present robust, mid-single digit growth
YEARBOOK 2023
Fearing a decline in demand amidst global slowdown, Kuwait may raise exports of oil derivatives to Europe
The Gulf country expects the average amount of oil production to increase to 2,701,000 barrels this year, the latest Institute...
- The Gulf country expects the average amount of oil production to increase to 2,701,000 barrels this year, the latest Institute of International Finance report points out
- Real GDP growth is expected to slow to 2.5% in 2023 if average crude oil output stabilizes, while real growth outside hydrocarbon sector is projected to stabilize at 3.8%
Geostrategy
Iraq finalizes fresh air deals with Gulf countries
BAGHDAD, IRAQÂ - The Civil Aviation Authority announced the work to conclude new air agreements with the Gulf states. A spokesman...
- A spokesman for the Civil Aviation Authority said We have agreements with all Gulf countries and all Gulf national carriers that land in Iraqi airports
- He added that in the future, there may be air agreements with Kuwait as well.
Geostrategy
Qatar Chamber discusses investment with Cuban delegation
DOHA, QATAR -Â Qatar Chamber First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari met with President of the Republic...
- The meeting touched on economic and commercial relations between Qatar and Cuba.
- The Qaraei delegation also discussed the business opportunities offered by the Cuban side in the sector of water resources.
Business
DEWA implements SAP’s Audit Management System
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has implemented the SAP Audit Management System (TAWKEED), becoming the first...
- DEWA's Internal Audit Department is an independent assurance function that adopts the best-in-class standards and practices.
- The Internal Audit department at DEWA operates under an approved charter.
Economy
European prosecutors hear Lebanese bankers in central bank commission probe
Prosecutors from Germany, France and Luxembourg have been in Beirut as part of the money laundering investigation.Â
- Prosecutors from Germany, France and Luxembourg have been in Beirut as part of the money laundering investigation
- They suspect central bank governor Riad Salameh and his brother Raja illegally took more than $300 million from the central bank between 2002 and 2015
Economy
Leaders at WEF believe cooperation can mend ‘fragmented world’
The WEF president concluded the first major international gathering of the year on a positive note saying progress has been...
- UN Secretary General Antonio Guterres called for urgent action on interconnected challenges, including the climate, nature and energy crises
- The Global Risks Report 2023 ranked the cost-of-living crisis as the most severe short-term global risk
Economy
Investigators from Europe to quiz Lebanon central bank chief
Continuing with their probe into Lebanon's money laundering and embezzlement, investigators from Europe will question Lebanon's central bank chief Riad...
- The central bank chief is widely blamed for monetary policies that contributed to an unprecedented economic crisis in Lebanon
- The investigators on Friday heard former interior minister Raya El Hassan, who also chairs the board of directors of Lebanese lender Bankmed
Automakers lead market losses after Trump tariffs on imported vehicles
Wall Street's main indexes opened in the red, with General Motors sinking more than nine percent in early trading while...
Business
Company News
Latest News
Russia, Saudi say sovereign Palestine state vital for regional peace
RIYADH, SAUDI ARABIA – Russia and Saudi Arabia expressed concern on the present situation in Gaza and said that a...
Geostrategy
Oman’s revenues drop by 17 percent in nine months of 2023
Muscat, Oman -- Oman's revenues for the nine-month period of 2023 declined 17 percent to 9.8 billion riyals ($25.45 billion),...
Economy
Global health crisis looms amid climate change: WEF
Global coalition and trillions of dollars are required to prevent escalating human deaths due to climate change, Dr. Shyam Bishen...
COP28 UAE
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COP28 UAE
ITFC looks to ramp up green financing to 30% of its portfolio
Dubai, UAE-- The International Islamic Trade Finance Corporation (ITFC) is looking to ramp up its sustainable and green financing to...
- Sonbol anticipates a big boost in green financing within their portfolios and significant acceleration in this trend in the years to come
- He noted the significance of helping farmers with innovative financial solutions and new technologies so that food security can be ensured
Business
TikTok announces online shop deal
Indonesia is TikTok's second-largest global market.
- Indonesia in September banned sales on social media to protect small businesses that were losing out to e-commerce giants
- With 125 million users, Indonesia is TikTok's second-largest global market after the United States, according to company figures
Economy
Oil prices up on Saudi, Russia push for output reduction
Riyadh, Saudi Arabia - Collaboration between Saudi Arabia and Russia to drive OPEC+ members toward output cuts has resulted in...
- The OPEC agreement entails a substantial 2.2 million barrels per day reduction for the first quarter of next year
- Despite these global efforts, US output continued at a high of over 13 million barrels per day, contributing to a surplus in the market