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Monday, May 18, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "business" (50 articles)

Gulf Times
Business

USQBC Doha and AI Trust Foundation foster US-Qatar AI collaboration

The US-Qatar Business Council–Doha (USQBC Doha) and the AI Trust Foundation (AITF) hosted 'AI Market Exchange: Unlocking Opportunity across the US and Qatar Ecosystems', a virtual forum designed to strengthen cross-border collaboration in artificial intelligence (AI).The closed-door forum convened AI founders and leaders from both countries to explore how each ecosystem’s strengths can be leveraged for mutual advancement.The session came at a timely moment, aligning with Qatar’s Third National Development Strategy (NDS3), the US commitment to supporting its AI industry, and ongoing bilateral efforts to advance commercial co-operation.Amna al-Kaabi, Head of Emerging Technologies at the Ministry of Communications and Information Technology (MCIT), delivered a presentation highlighting opportunities within Qatar’s AI landscape. Following her remarks, participants joined breakout discussions led by industry leaders, including Chady Haddad (Microsoft Qatar); Michael Jordan (AST); Dr Ali Alaboudy (Qatar Research, Development and Innovation Council); Huzayfa Patel (Qatar Financial Centre), and Prof Prasanna Kumar (Business Optima).These sessions surfaced actionable insights and forged new connections between US and Qatari participants. Sheikha Mayes bint Hamad al-Thani, Managing Director at USQBC Doha, said “AI is not only reshaping industries but also redefining the future of global competitiveness. By aligning the strengths of US-Qatar relations and building on our solid commercial partnership, we can accelerate innovation, expand knowledge transfer, and position both countries as contributors to global AI leadership.”Leah Perry, Vice-Chair of the Board of Directors at AITF, said cross-border collaboration is essential for responsible AI innovation and for building commercially vibrant, resilient AI ecosystems. "We proudly support USQBC Doha’s work and partnership to bridge ecosystems and unlock shared value across regions and sectors,” Perry added.The AI Market Exchange is part of USQBC Doha and AITF’s ongoing partnership to accelerate responsible AI innovation across talent, capital, and policy levers. The two organisations will continue to develop platforms that connect the US and Qatari stakeholders and expand opportunities for strategic co-operation in AI.

Gulf Times
Business

Techno Q earns net profit of QR9.8mn in H1-2025

Techno Q has reported net profit of QR9.8mn on revenues of QR103mn in the first half (H1) of 2025.The majority of the revenue (70.27%) was generated by the company’s core activities relating to the audiovisual systems, hospitality solutions, business solutions and lighting systems.The subsidiary, Techno Q Security Systems accounted for 29.38% of the revenue, primarily from ELV (extra low voltage) and security systems services. A minor contribution came from operations in Saudi Arabia.The H1-2025 performance translated into a gross profit of QR33.6mn."Our H1 performance reflects disciplined execution, margin expansion, and a stronger balance sheet... With a healthy secured backlog and a robust pipeline of Qatar-hosted events, we are confident in our ability to capture additional opportunities across ICT (information, communication and technology), security systems, hospitality solutions, and systems integration," said Zeyad al-Jaidah, co-founder and managing director of Techno Q.However, net earnings declined from QR12.9mn in H1-2024, resulting in a net margin to ease to 9.5% in H1-2025 against 11.7% the year-ago period.Techno Q continues to be in a strong financial position with its total equity at QR120.8mn.The company significantly reduced its bank financing by 60.33% year-on-year to QR0.4mn in H1-2025.The group strengthened its liquidity with cash rising from QR56.1mn in H1-2024 to QR73.4mn in H1-2025, while borrowings decreased from QR1.1mn to QR0.4mn and despite 2024 dividend payments of QR12mn.As a result, total net cash improved from QR43.2mn in H1- 2024 to QR61mn in H1-2025, reflecting enhanced financial flexibility and lower leverage.