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QNCC to operationalise fifth plant in H1 of 2018

QNCC to operationalise fifth plant in H1 of 2018

Qatar National Cement Company (QNCC) is planning to operationalise the fifth plant by the first half of this year to enhance the cement production by 5,500 tonnes per day (tpd).

QInvest records net profit of QR65.9mn on revenues of QR368.6mn in 2017

QInvest records net profit of QR65.9mn on revenues of QR368.6mn in 2017

QInvest has reported net profit of QR65.9mn on revenues of QR368.6mn in 2017.

Nakilat posts 2017 profit of QR847mn

Nakilat posts 2017 profit of QR847mn

Nakilat posted a net profit of QR847mn in 2017, the company said yesterday.

Benchmark oil futures continue their rally for 2nd week

Benchmark oil futures continue their rally for 2nd week

Benchmark oil futures continued their rally for a second week as supporting factors overshadowed downward price pressures. As a consequence, Brent and WTI gained around 7% over two weeks.

Oil prices boosted by ‘triple dose’ of bullish EIA news

Oil prices boosted by ‘triple dose’ of bullish EIA news

Commodities traded flat on the week with the Bloomberg Commodity Index showing gains in energy being offset by losses across both industrial and precious metals.

Bond traders step back from 3% to watch Powell navigate ‘Fedspeak’

Bond traders step back from 3% to watch Powell navigate ‘Fedspeak’

Bond traders came the closest in four years to a 3% yield on the 10-year Treasury note.

QIC Group to increase capital to QR3.2bn

QIC Group to increase capital to QR3.2bn

Qatar Insurance Group shareholders approved the board’s recommendation to increase the group’s capital from QR2.7bn to QR3.2bn during the company’s annual general meeting held at the Four Seasons Hotel on Sunday.

Saudi inflation jumps on VAT, fuel price hike

Saudi inflation jumps on VAT, fuel price hike

Saudi Arabia’s annual consumer price inflation jumped to 3% in January after the government introduced a 5% value-added tax and hiked domestic gasoline prices at the start of the year, official data showed yesterday.

Trump is said to favour stiffest US steel and aluminium tariffs

Trump is said to favour stiffest US steel and aluminium tariffs

President Donald Trump has told confidants that he wants to impose the harshest tariffs on steel and aluminium imports recommended by the Commerce Department, according to three people familiar with the matter.

New US tax law brings Buffett’s firm $29bn

New US tax law brings Buffett’s firm $29bn

Berkshire Hathaway, the holding company of US billionaire investor Warren Buffett, received a stunning $29bn last year from the US government, thanks to a new tax law that massively lowered corporate tax rates.

Mwani Qatar signs MoU with Indonesian port firm Pelindo 1

Mwani Qatar signs MoU with Indonesian port firm Pelindo 1

Qatar Ports Management Company (Mwani Qatar) and PT Pelabuhan Indonesia I (Pelindo 1) have signed an MoU that aims to boost the exchange of best practices and experiences in the field of ports operation and management, as well as bolstering bilateral communication on investment,

QSE opens week weak despite buying support

QSE opens week weak despite buying support

The Qatar Stock Exchange Sunday opened the week weak, but remained above 9,000 points, despite buying interests within the insurance, telecom and industrials counters.

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