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Qatar to play a role in production of Turkey’s first automobile

Qatar to play a role in production of Turkey’s first automobile

Qatar, through Turkish commercial vehicle manufacturer BMC, will be involved in the production of Turkey’s first locally-built automobile, according to an official of the Union of Chambers and Commodity Exchanges of Turkey (TOBB).

Qatar-Turkey trade volume to increase in 2018, says Qatar Chamber chairman

Qatar-Turkey trade volume to increase in 2018, says Qatar Chamber chairman

Following a 30% growth in Qatar-Turkey bilateral trade in the fourth quarter of 2017, trade volume between the two countries is expected to “increase further” this year, a Qatar Chamber official said.

QNB Group profit surges 6% to QR13.1bn in 2017

QNB Group profit surges 6% to QR13.1bn in 2017

QNB, the largest financial institution in the Middle East and Africa, has reported 6% year-on-year growth in net profit to QR13.1bn in 2017 and suggested 60% cash dividend.

Qatar witnessing robust momentum in fintech, says Sheikh Abdulla

Qatar witnessing robust momentum in fintech, says Sheikh Abdulla

Qatar is witnessing robust momentum in the fintech (financial technology), opening up increasing opportunities for digital payments, money management, ..

Masraf Al Rayan posts QR2.03bn profit in ’17, floats 20% cash dividend

Masraf Al Rayan posts QR2.03bn profit in ’17, floats 20% cash dividend

Masraf Al Rayan has reported a net profit of QR2.03bn in 2017 and recommended a 20% cash dividend for shareholders.

Vodafone Qatar customers reach 1.39mn; July network outage compensation totals QR90mn

Vodafone Qatar customers reach 1.39mn; July network outage compensation totals QR90mn

Vodafone Qatar has said its mobile customers reached 1.39mn during the three months ended on December 31, 2017; the company also disclosed a total compensation of QR90mn for the network outage in July last year.

Europe stock markets rise; euro falls from 3-year high

Europe stock markets rise; euro falls from 3-year high

Wall Street returned from a long holiday weekend to set new records amid solid corporate earnings reports and optimism for profits in 2018 due to a US tax reform.

Kingdom Holding sells Beirut Four Seasons hotel stake

Kingdom Holding sells Beirut Four Seasons hotel stake

Saudi Arabian investment firm Kingdom Holding has sold its stake in the Four Seasons Hotel in Beirut for around $100-115mn including debt, sources told Reuters.

UK’s Northern Powerhouse rich in opportunity for Qatar Investment

UK’s Northern Powerhouse rich in opportunity for Qatar Investment

Capital investments in development projects associated with the revitalisation of the Northern regions of the UK offer significant opportunities to Qatari investors.

Survey: China’s economy beats expectations in 2017

Survey: China’s economy beats expectations in 2017

China’s economy exceeded Beijing’s annual growth target in 2017, analysts said in an AFP survey, overcoming the government’s battles against massive debt and pollution-spewing factories.

Digital currencies remain tricky subject for Islamic finance

Digital currencies remain tricky subject for Islamic finance

The role and status of cryptocurrencies within the Islamic system of values remains a hotly disputed issue in the Muslim world.

Emirates said to seek $1bn sukuk to diversify funding

Emirates said to seek $1bn sukuk to diversify funding

Emirates, the world’s largest airline by international passengers, is talking to banks about raising as much as $1bn through an Islamic bond sale that could happen in the first half, people familiar with the matter said.

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