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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

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Last year, it announced 9,000 job cuts worldwide.

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The bank's profit crossed AED 1bn mark for the first time.

Qatar’s real estate department records weeklong deals worth $71 million

Real estate sales contracts worth $71 million were recorded in the emirate.. (QNA)
  • During the Dec 29-Jan 2 period, the total sales contracts for the real estate bulletin for residential units reached QR 10.57 million.
  • The properties traded for sale included vacant lands, residential homes, apartment buildings, shops, residential complex, and residential units.

Doha, Qatar — Real estate sales contracts worth 251.25 million qatari riyals were registered with the emirate’s Real Estate Registration Department at the Ministry of Justice during the period from Dec. 29- Jan 2.

During the same period, the total sales contracts for the real estate bulletin for residential units reached QR 10.57 million, QNA reported.

The weekly bulletin issued by the Department shows that the list of properties traded for sale included vacant lands, residential homes, apartment buildings, shops, residential complex, and residential units.

The sales operations were concentrated in the municipalities of Doha, Al Khor and Al Dhakira, Al Rayyan, Umm Salal, Al Dhaayen, Al Wakrah, and Al Shamal, in addition to areas such as the Pearl Island, Umm Ebairiya, Lusail 69, Fox Hills, and Legtaifiya.

The volume of real estate trading in sales contracts registered with the Real Estate Registration Department at the Ministry of Justice was over QR 264 million during the period from Dec. 22-26.