QIIB launches summer awards campaign with Mastercard credit card
Tribune News NetworkDoha Qatar DevelopQIIB has announced the launch of Mastercard Summer Credit Card offer which allows customers to enter a draw to win cash prizes worth of QR10000 each.Under the offer
Insurance Asia Awards: QIC’s qd Drive named best mobile app in Qatar
Tribune News NetworkDohaQatar Insurance Company (QIC) the leading insurer in Qatar and the MENA regionreceived the Mobile App of The Year in Qatar accolade at the Insurance Asia Awards 2024 in recognition of Q
China slowed last quarter on weak consumer demand
AgenciesChinas economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter the government reported Monday while emphasizing signs of improvement in factory output income and investment.The exp
Oil prices rise amid political uncertainty
Oil regained ground on Monday with political uncertainty in the US and the Middle East supporting prices offsetting downward pressure from a stronger dollar and weak demand in top importer China.Brent crude futures rose 15 cents or 0.2 percent to $85.18 a barrel after settling down 37 cents on Friday. US West Texas Intermedia
Kenya to slash spending in revised budget
AgenciesKenyas government plans to cut 2024-25 spending by 1.9 percent and widen the fiscal deficit to 3.6 percent of GDP in a revised budget the treasury said weeks after it was forced to roll back tax hikes due to mass protests. President William Ruto last week fired almost his entire cabinet and pledged to se
Ezdan AGM approves sale of properties to boost cash flow
QNADoha The Annual General Meeting (AGM) of the Ezdan Holding Group approved the board of directors proposal to sell certain investment properties to improve the groups cash flow. The purchase offers received by the Board of Directors shall be submitted to the next Ordinary General Assembly of the group for dis
Dukhan Bank posts net profit of QR784 mn in H1 of 2024
Tribune News NetworkDoha Dukhan Bank on Monday announced that the bank achieved net profit of QR784 million in the first six months of 2024 representing a 3 percent growth compared to the same period last year.The growth in bottom-line profitability was underpinned by 18 percent increase in net income from financing activities and a 34 percent rise in
Powell opens pivotal week of Federal Reserve talks
AgenciesFederal Reserve Chair Jerome Powell on Monday kicks off what is shaping up as a key week of commentary from U.S. central bank officials taking stock of slowed inflation and mulling whether to signal the start of interest rate cuts because of it.The Fed meets July 30-31 but under the central banks rules policymakers cant comment about monetary policy f
2024 bull market leaves out US small caps, so far
AgenciesA famous aphorism holds that a rising tide lifts all boats but small capitalization equities are still waiting for a boost from the 2024 bull market on Wall Street. While the S&P 500 which is comprised of larger companies has piled on more than 17 percent so far this year the small-cap Russell 2000 has risen a scant 0.4 percent.Market watchers poin
Argentina plans to sell dollars on parallel market
AgenciesArgentinas central bank will start selling US dollars in the countrys parallel foreign exchange markets in an effort to combat inflation and freeze the countrys money supply the government said on Saturday. Economy Minister Luis Caputo announced the new strategy on messaging platform X on Saturday saying it would contribute to deepening the dis
QNB first bank in Qatar to launch cyber-security awareness campaign
Tribune News NetworkDohaQNB the largest financial institution in the Middle East and Africa is the first bank to launch its cyber-security awareness campaign Stay Protected which aims at raising awareness among its customers regarding fraudulent calls and scammers to ensure secure and safe transactions for a smooth bankingexperience.The campai
Chinese retailers swiftly market Trump rally shooting t-shirts
AgenciesThey reacted almost as quickly as US President Joe Biden responded to the dramatic shooting of his election rival Donald Trump.Former president Trump narrowly escaped an assassination attempt at around 6.15pm local time on Saturday in the US state of Pennsylvania. Associated Press released the iconic photo of a fist-waving Trump at 6.31pm.Biden
Debt underwriting boosts Goldman Sachs’ Q2 profit
AgenciesGoldman Sachs profit more than doubled in the second quarter and beat analysts estimates on strong debt underwriting and fixed-income trading but slipped from a bumper first quarter when earnings were the highest since 2021.The resilience of the US economy has given corporate executives the confidence to pursue acquisitions debt sales and stock offer
Venice nets $2.2 mn in day-tripper tax pilot, but did it fail to deter visitors?
AgenciesVenice on Sunday wrapped up a pilot program charging day-trippers an entrance fee more than 2 million euros ($2.2 million) richer and determined to extend the levy but opponents in the fragile lagoon city called the experiment a failure.Several dozen activists gathered outside the Santa Lucia train station overlooking a teeming canal on Saturday to protest
QIIB gets excellence in mobile banking award at Finnovex
Tribune News NetworkDohaQatar International Islamic Bank (QIIB) has received the Excellence in Mobile Banking award at Finnovex Qatar 2024 an event that celebrates technology and innovation in banking services.The event held recently at the Waldorf Astoria Doha West Bay Hotel was attended by numerous representatives from financial and banking i
US inflation data bolsters hopes of further rate cuts
AgenciesFederal Reserve Chair Jerome Powell testified that inflation has significantly decreased from its peak two years ago but more progress is needed before cutting interest rates. Powell emphasized the need for confidence that inflation is moving sustainably toward the 2 percent target. While recent inflation data shows modest progress the Fed remains cautious
QDB extends application deadline for transfer of outstanding credit facilities to NRGP portfolio
Tribune News NetworkDoha Qatar Development Bank (QDB) has announced the extension of the deadline for the transfer of outstanding credit facilities to its National Response Guarantee Program (NRGP) portfolio until September 30 2024. The move is aimed at ensuring that all customers have the opportunity to apply for the programme which was designed to r
About Us Qatar Tribune was launched on the 35th Independence Day of Qatar, under the parentcompany QIM Group, which has a history in the publishing, printing & distribution field.
QNADohaThe United Nations and the State of Qatar have signed the first supplementary agreement for the agreement between Qatar and the United Nations regarding the establishment of the United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA) in the
QNADohaThe two-day regional dialogue forum on Human rights: promoting equality and combating discrimination in the context of migration commenced in Doha on Monday.The forum is organised by the National Human Rights Committee (NHRC) in cooperation w
PAMedia/DPALondonA goal deep into extra-time by Lautaro Martinez gave Argentina a 1-0 win over Colombia and a record-breaking 16th Copa America title.Argentina lost a tearful Lionel Messi to injury midway through the second half of a game delayed by more
Tribune News NetworkDohaIn a significant move to enhance social responsibility awareness among private sector companies the Qatar Chamber (QC) has signed a memorandum of understanding (MoU) with the Regional Network Consultancy (ANC) a member of the Regional Network
