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Industries Qatar posts QR700mn net profit in first quarter

Industries Qatar posts QR700mn net profit in first quarter

Industries Qatar (IQ) has posted a net profit of QR700mn in the first quarter of this year.

Al-Attiyah Foundation honours Sinopec Group former chairman

Al-Attiyah Foundation honours Sinopec Group former chairman

Fu Chengyu, former chairman of Sinopec Group, has been chosen as this year’s recipient of the ‘Honorary Lifetime Achievement Award for the Advancement of International Energy Policy and Diplomacy’ ...

QICDRC underscores role of technology in speedy dispute resolution

QICDRC underscores role of technology in speedy dispute resolution

The Qatar International Court and Dispute Resolution Centre (QICRDC) has underscored the importance of leveraging technology in enabling a faster and more convenient dispute resolution process ...

QP announces 10-year naphtha sale pact with Thailand’s SCG Chemicals

QP announces 10-year naphtha sale pact with Thailand’s SCG Chemicals

Qatar Petroleum has concluded a 10-year sales agreement to supply Thailand’s SCG Chemicals with a total of 3mn metric tonnes of light naphtha starting from this month. The deal has been executed by QP, for and on behalf of Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP).

GWC earns QR59.5mn first quarter net profit

GWC earns QR59.5mn first quarter net profit

Qatar’s leading logistics provider GWC has earned a net profit of QR59.5mn in the first quarter of the year. The company’s revenues stood at QR303.7mn during the period, GWC said yesterday. Earnings per share also increased to QR1.02 at the end of Q1, 2019.

Sheraton Grand Doha appoints new GM

Sheraton Grand Doha appoints new GM

Sheraton Grand Doha Resort & Convention Hotel has appointed Belal al-Kadry, as its new general manager. A veteran hospitality professional, al-Kadry will be responsible for strengthening the premier position of Doha’s iconic hotel, and driving its growth in regional and international markets.

Banks shun Tereos attempt to secure wider funding

Banks shun Tereos attempt to secure wider funding

An attempt by French sugar group Tereos to spread risk on a €250mn ($281mn) loan secured earlier this year has failed to attract bidders, leaving three main creditor banks with exposure, sources familiar with the matter said.

Primed for a rebound? US growth set to stabilise

Primed for a rebound? US growth set to stabilise

The US economy is set to show fresh signs of stabilising and indeed even strengthening after its recent soft patch. After a run of data last week exceeded forecasts, the government on Friday reveals its first estimate of gross domestic product for the first quarter.

RBI inflation goals need to be reviewed, says economist

RBI inflation goals need to be reviewed, says economist

India’s new government should review the central bank’s inflation goals, including whether consumer prices or the underlying core measure is the appropriate target to use to determine interest rates, an economic adviser to the current prime minister said.

Japan may delay sales tax hike planned for October

Japan may delay sales tax hike planned for October

Japan’s government could postpone for a third time a sales tax increase currently planned for October if economic conditions deteriorate, a senior lawmaker close to Prime Minister Shinzo Abe said.

Rio Tinto warning may rupture mining industry into green and dirty

Rio Tinto warning may rupture mining industry into green and dirty

It’s not quite yet pistols at dawn but Rio Tinto’s polite warning to mining lobby groups that they have to acknowledge the threat of climate change is likely a sign that the industry will inevitably fracture into two camps.

Investors bullish on China steel stocks as stimulus lifts demand

Investors bullish on China steel stocks as stimulus lifts demand

China’s response to a slowing economy is fuelling hopes that it’s the turn of steel stocks to benefit, as investment in infrastructure and real estate bolsters the industry’s most crucial drivers of demand.

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