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Tesla posts record profits, offers muddy outlook for batteries, Cybertruck

Tesla posts record profits, offers muddy outlook for batteries, Cybertruck

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.

QSE stays in negative terrain despite bullish foreign individuals

QSE stays in negative terrain despite bullish foreign individuals

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.

German firms eye opportunities in Qatar’s security sector, says trade office representative

German firms eye opportunities in Qatar’s security sector, says trade office representative

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).

Commercial Bank Group H1 net profit jumps 47.3% to QR1.33bn

Commercial Bank Group H1 net profit jumps 47.3% to QR1.33bn

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.

GWC scores half-yearly net profit of QR108mn

GWC scores half-yearly net profit of QR108mn

Gulf Warehousing Company (GWC) has posted a net profit of QR108mn for the six-month period that ended in June.

Mekdam keeps reference share price at QR5.5 with face value of QR1

Mekdam keeps reference share price at QR5.5 with face value of QR1

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 wins ‘Best Bank in Qatar’ award by Euromoney

Commercial Bank wins ‘Best Bank in Qatar’ award by Euromoney

Commercial Bank has received the prestigious “Best Bank” award in Qatar for 2021 from Euromoney.

QIIB’s net profit surges 6.1% to QR544mn in H1

QIIB’s net profit surges 6.1% to QR544mn in H1

QIIB has posted a half yearly (H1) net profit of QR543.9mn, up 6.1% on the same period last year.

Qatar’s commercial banks post 12% jump in assets to QR1.77tn in June

Qatar’s commercial banks post 12% jump in assets to QR1.77tn in June

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 to meet world’s growing demand for cleaner energy: PwC

Qatar’s low-carbon LNG expansion to meet world’s growing demand for cleaner energy: PwC

Qatar’s low-carbon LNG expansion will meet world’s growing demand for cleaner energy, PwC has said in its ‘Qatar Economy Watch’ report.

QInvest appoints new co-chief executives

QInvest appoints new co-chief executives

QInvest, the subsidiary investment institution of Qatar Islamic Bank (QIB), has appointed Hussain Abdulla and Hussein Fakhreddine as its new co-chief executives.

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