Tesla Inc posted a bigger second-quarter profit than expected on Tuesday thanks to higher sales of its less-expensive electric vehicles, as it raised vehicle prices and cut costs.
The transport, banking and consumer goods counters on Tuesday witnessed higher than average demand on the Qatar Stock Exchange, which however continued to be in the negative terrain.
A delegation of companies from Germany’s civil security technology sector is expected to arrive in Doha in October to explore investment opportunities available in Qatar, according to the German Industry & Commerce Office Qatar (AHK).
Reflecting a positive business momentum, Commercial Bank Group posted a half-yearly net profit of QR1.33bn, up 47.3% on the same period in 2020.
Mekdam Holding Group (Mekdam), which will start trading on the venture market of the Qatar Stock Exchange from next week, has kept the reference price at QR5.5 a share with a face value of QR1.
Commercial Bank has received the prestigious “Best Bank” award in Qatar for 2021 from Euromoney.
A robust credit offtake, especially in the public sector, and expansion in the securities portfolio, notably in debt, helped Qatar’s commercial banks’ total assets grow about 12% year-on-year in June 2021, according to the central bank data.
Qatar’s low-carbon LNG expansion will meet world’s growing demand for cleaner energy, PwC has said in its ‘Qatar Economy Watch’ report.