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Qatar-Indonesia Economic Forum: Ministers witness agreement signing ceremonies

Qatar-Indonesia Economic Forum: Ministers witness agreement signing ceremonies

The economy and trade ministers of Qatar and Indonesia witnessed the signing of several agreements on the sidelines of the Qatar-Indonesia Economic Forum, held in Jakarta yesterday.

Sainsbury cuts jobs as Brexit puts online retailers off UK

Sainsbury cuts jobs as Brexit puts online retailers off UK

The UK retail industry’s Brexit-linked turmoil deepened as J Sainsbury said it would cut as many as 2,000 jobs, Zalando said the market is losing attractiveness and rival online fashion site Asos discussed contingency plans.

Nomination for Bank of Italy chief’s post thrown into disarray

Nomination for Bank of Italy chief’s post thrown into disarray

Former Premier Matteo Renzi has thrown the choice of governor for the Bank of Italy into disarray with an attack by his ruling party on Ignazio Visco, the current holder of the job who had been widely expected to be given a second term this month.

Nomination for Bank of Italy chief’s post thrown into disarray

Nomination for Bank of Italy chief’s post thrown into disarray

Former Premier Matteo Renzi has thrown the choice of governor for the Bank of Italy into disarray with an attack by his ruling party on Ignazio Visco, the current holder of the job who had been widely expected to be given a second term this month.

Assurant set to acquire Warranty in $2.5bn deal

Assurant set to acquire Warranty in $2.5bn deal

Assurant Inc agreed to acquire Warranty Group Inc from buyout firm TPG, bringing together two of the largest providers of extended warranties, the insurance policies covering big consumer purchases such as cars, mobile phones and dishwashers.

Egypt growth seen below government forecasts

Egypt growth seen below government forecasts

Egypt’s economy will grow 4.4% in the fiscal year that began in July, well below government projections of 5.0%-5.25%, a Reuters poll showed on Tuesday.

Opec seen leaning towards 9-mth extension of oil cut

Opec seen leaning towards 9-mth extension of oil cut

Opec is leaning towards extending a deal with Russia and other non-members to cut oil supply for a further nine months, four Opec sources said, although stronger-than-expected demand growth may allow the group to delay a decision until early next year.

Qatar to stay ‘leading, reliable supplier’ of LNG, says al-Sada

Qatar to stay ‘leading, reliable supplier’ of LNG, says al-Sada

Lifting the North Field moratorium to increase LNG production by 30% to 100mn tonnes a year by 2024

QIB registers 11% jump in 9-month profit to QR1.78bn

QIB registers 11% jump in 9-month profit to QR1.78bn

Aided by “healthy” expansion in core earnings, Qatar Islamic Bank (QIB) has reported about 11% growth year-on-year in net profit to QR1.78bn in the first nine months of this year. Total assets grew 11% to QR149bn, driven by growth in the investing and financing activities, a QIB spokesman said in a

Qatar and Indonesia edging towards close economic cooperation

Qatar and Indonesia edging towards close economic cooperation

HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani has lauded the “progress” Qatar and Indonesia are making towards “close economic cooperation.”

GCC businesses should start preparing now for IFRS 16: ICAEW

GCC businesses should start preparing now for IFRS 16: ICAEW

The Gulf businesses need to start preparing for International Financial Reporting Standards (IFRS) 16 now or risk non-compliance when the new financial instruments standard comes into effect from January 1, 2019, according to accountancy and finance body ICAEW (Institute of Chartered Accountants of

Canada can play ‘vital role’ in Qatar’s diversification, says Doha Bank CEO

Canada can play ‘vital role’ in Qatar’s diversification, says Doha Bank CEO

Canada can play a “vital role” in Qatar’s diversification, Doha Bank CEO Dr R Seetharaman has said during a knowledge sharing session titled ‘Qatar-Canada Bilateral Opportunities’ held recently in Toronto.

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