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Mastercard faces retailer backlash over instalment payments

Mastercard faces retailer backlash over instalment payments

Mastercard Inc is facing pushback from retailers over a new product that allows customers to pay off their purchases in instalments.

US consumer sentiment up, inflation outlook brightens as import prices decline

US consumer sentiment up, inflation outlook brightens as import prices decline

US import prices fell for the first time in seven months in July, helped by a strong dollar and lower fuel and nonfuel costs, while consumers’ one-year inflation outlook ebbed in August, the latest signs that price pressures may have peaked.

China state-owned giants to delist from US amid audit spat

China state-owned giants to delist from US amid audit spat

Five of China’s largest state-owned companies announced plans to delist from US exchanges as the two countries struggle to come to an agreement allowing American regulators to inspect audits of Chinese businesses.

China’s mounting risks set stage for central bank to rein in stimulus

China’s mounting risks set stage for central bank to rein in stimulus

China may be ready to curb some of the excess liquidity sloshing in the banking system as it turns its focus to mitigating risks in the financial industry.

Qatar records QR124bn as value of exports of local origin in Q2, 2022

Qatar records QR124bn as value of exports of local origin in Q2, 2022

The manufacturing sector, which contributed QR18bn to Qatar’s gross domestic product in the first quarter, saw as many as 33 new factories being set up in the second quarter of 2022, indicating the pace with which the country is advancing its diversification strategy.

Estithmar achieves underlying QR213.4mn net profit attributable to shareholders, up 11.5%%

Estithmar achieves underlying QR213.4mn net profit attributable to shareholders, up 11.5%%

Estithmar Holding has announced its financial results for the period of 6 months to June 30, 2022 (H1 2022). Estithmar’s financial and operational results confirm the Company’s market leading position through its dynamic group of companies offering reliable, sustainable and quality services..

GIS in talks with stakeholders to restructure debt

GIS in talks with stakeholders to restructure debt

Gulf International Services (GIS) - the umbrella organisation of Gulf Drilling International, Gulf Helicopters, Al Koot and Amwaj - is in continuous discussion with different key stakeholders to restructure its debt.

Robust earnings, US inflation data lift sentiments; index vaults 2.75%, M-cap gains QR19bn

Robust earnings, US inflation data lift sentiments; index vaults 2.75%, M-cap gains QR19bn

Robust earnings of the listed companies in the first half and a lower than expected inflation in the US lifted sentiments in the Qatar Stock Exchange, which otherwise saw weakened trading volumes this week.

Opec, in contrast to IEA, sees lower 2022 global oil demand growth

Opec, in contrast to IEA, sees lower 2022 global oil demand growth

Opec on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia’s invasion of Ukraine, high inflation and efforts to contain the coronavirus pandemic.

QSE surges 175 points as index surpasses 13,700 points, M-cap gains QR8bn

QSE surges 175 points as index surpasses 13,700 points, M-cap gains QR8bn

Reflecting the optimism in the global markets on reports of softer-than-expected inflation in the US, the Qatar Stock Exchange Thursday surged 175 points and its key index surpassed 13,700 points.

QFB net profit in H1 surges to QR42mn

QFB net profit in H1 surges to QR42mn

Qatar First Bank (QFB) has reported a net profit (attributable to shareholders) of QR42mn in the first half (H1) of this year, showing a growth of 2.6% on annualised basis.

Foxconn starts to feel sting of slowing smartphone sales

Foxconn starts to feel sting of slowing smartphone sales

Apple iPhone assembler Foxconn gave a cautious outlook for the current quarter after posting results that exceeded expectations, citing slowing smartphone demand after a pandemic-fuelled boom.

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