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QIC reports 14% y-o-y growth in gross written premiums to QR6.24bn

QIC reports 14% y-o-y growth in gross written premiums to QR6.24bn

Qatar Insurance Company (QIC), the leading risk cover provider in Qatar and the Middle East and North Africa region, has registered a 14% year-on-year growth in gross written premiums to QR6.24bn in the first half (H1) of this year.

Qatar Chamber to lead business delegation to Turkey next month

Qatar Chamber to lead business delegation to Turkey next month

Qatar Chamber will organise a business trip to Izmir on August 3 and 4 in response to an invitation from Turkey’s Ministry and Economy and the Turkish Exporters Assembly, it was announced yesterday.

QIMC reports 16.6% increase in H1 profit to QR113.43mn

QIMC reports 16.6% increase in H1 profit to QR113.43mn

Qatar Industrial Manufacturing Company (QIMC) has reported a 16.6% year-on-year increase in net profit to QR113.43mn in the first six months of this year.

NBK says Qatar steadfast on its commitment to dollar peg

NBK says Qatar steadfast on its commitment to dollar peg

Qatar abandoning the US dollar peg is “highly unlikely”, NBK Economic Research noted, and said the “authorities are steadfast in their commitment to the peg with more than enough resources to defend it.”

Islamic crowdfunding: Spotlight on real estate

Islamic crowdfunding: Spotlight on real estate

The rapid development of new and innovative financial technologies will clearly have a disruptive impact on Islamic finance in the foreseeable future since they, among many other things, also open completely new avenues for participation banking for investors.

KFH is planning expansion in China

KFH is planning expansion in China

Kuwait Finance House, the Gulf’s 10th-largest lender, is considering expanding into China and Egypt as the region’s banking sector nears saturation, its chief executive officer said.

GM promises to cut high inventory as profit beats expectations

GM promises to cut high inventory as profit beats expectations

General Motors Co yesterday reported a better-than-expected quarterly net profit, helped by cost cuts, and promised to cut production in the second half to curtail its burgeoning US inventory of unsold vehicles.

European markets climb on copper bounce, Greek news

European markets climb on copper bounce, Greek news

Europe’s main stock markets rose yesterday, with miners boosted by high copper prices and as investors welcomed Greece’s return to international debt markets, dealers said.

Shell, SoftBank weigh bids for Equis worth up to $5bn

Shell, SoftBank weigh bids for Equis worth up to $5bn

Royal Dutch Shell and SoftBank are among several global groups considering bidding for Equis Energy, Asia’s largest independent renewable energy producer valued at up to $5bn, sources familiar with the matter said.

Saudi Arabia planning to limit crude oil exports to 6.6mn bpd in August

Saudi Arabia planning to limit crude oil exports to 6.6mn bpd in August

Saudi Arabia wants to do more to boost crude oil prices by taking a razor to its exports, but the kingdom is already doing much of the heavy lifting in Asia, where it is surrendering market share in the world’s top importing region.

‘Indonesia needs to lift infrastructure spending to $500bn’

‘Indonesia needs to lift infrastructure spending to $500bn’

Indonesia needs about $500bn over the next five years to build roads, ports and bridges and should remove hurdles to encourage greater private sector investment, World Bank president Jim Yong Kim said.

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