Ahli Bank’s Net Profits Rise by QR 13.5 Million in 2024 Q1

Doha: The net profit of Ahli Bank, a Qatari public shareholding company, increased by about QR 13.5 million for the first quarter of 2024, reaching a net profit of QR 218.064 million compared to a net profit of QR 204.596 million for the same period l…


Doha: The net profit of Ahli Bank, a Qatari public shareholding company, increased by about QR 13.5 million for the first quarter of 2024, reaching a net profit of QR 218.064 million compared to a net profit of QR 204.596 million for the same period last year.

Data released by the bank on the Qatar Stock Exchange website on Monday revealed an increase in earnings per share to QR 0.077 in the first quarter of the year until March 31, 2024, compared to QR 0.072 for the same period of the previous year.

Source: Qatar News Agency

Vodafone Qatar’s Profits Increased by 12.5 Percent in First Quarter of 2024

Doha: The net profit of Vodafone Qatar P.Q.S.C. increased by 12.5 percent in the first quarter of 2024, reaching QR 150,107,000 in comparison to QR 133,391,000 for the same period of the previous year.

According to data issued by the company and publ…


Doha: The net profit of Vodafone Qatar P.Q.S.C. increased by 12.5 percent in the first quarter of 2024, reaching QR 150,107,000 in comparison to QR 133,391,000 for the same period of the previous year.

According to data issued by the company and published Tuesday on the Qatar Stock Exchange (QSE) website, there was an increase in earnings per share (EPS) that amounted to QR 0.036 versus EPS QR 0.032 for the same period in 2023.

Source: Qatar News Agency

Minister of Finance Meets Bank of New York Mellon CEO

New York: HE Minister of Finance Ali bin Ahmed Al Kuwari held a bilateral meeting with President and Chief Executive Officer of Bank of New York Mellon Robin Vince, on the sidelines of his visit to the United States of America.

At the meeting, a dive…


New York: HE Minister of Finance Ali bin Ahmed Al Kuwari held a bilateral meeting with President and Chief Executive Officer of Bank of New York Mellon Robin Vince, on the sidelines of his visit to the United States of America.

At the meeting, a diverse array of financial and economic subjects were deliberated, with a specific focus on matters of mutual interest to both parties.

Source: Qatar News Agency

Qatar Chairs Preparatory Meetings of Undersecretaries of Ministries of Commerce

Doha: The State of Qatar chaired the 58th preparatory meeting of the undersecretaries of the ministries of commerce and the 44th meeting of the undersecretaries of the ministries of industry in the Gulf Cooperation Council (GCC) countries, which were …


Doha: The State of Qatar chaired the 58th preparatory meeting of the undersecretaries of the ministries of commerce and the 44th meeting of the undersecretaries of the ministries of industry in the Gulf Cooperation Council (GCC) countries, which were held in Doha today.

A statement by the Ministry of Commerce and Industry stated that the activities of the preparatory meetings were chaired by HE Undersecretary of the Ministry of Commerce and Industry Mohammed bin Hassan Al Malki, in the presence of HE GCC Assistant Secretary-General for Economic and Development Affairs Khalid bin Ali Al Sunaidi and the undersecretaries of commerce and industry in the GCC countries.

Assistant Undersecretary for Industry Affairs and Business Development Saleh bin Majid Al Khulaifi and Acting Assistant Undersecretary for Trade Affairs at the Ministry of Commerce and Industry Ayed Al Qahtani participated in the meetings.

HE the Undersecretary of the Ministry of Commerce and Industry welcomed Their Excellencies the Undersecretar
ies in the State of Qatar, noting that these meetings are a continuation of efforts to strengthen joint GCC action and achieve the common goals and ambitions of the GCC countries to advance the various GCC economic sectors, especially the trade and industry sectors, in a way that enhances their contribution to promoting economic development in the GCC countries.

His Excellency thanked the Sultanate of Oman for its efforts and endeavors made during its presidency of the meetings of the commercial and industrial cooperation committees during the past year, which resulted in many fruitful and constructive results and recommendations to support and enhance joint GCC action in the commercial and industrial sectors in the GCC countries.

Their Excellencies the Undersecretaries discussed a number of topics in the preparatory meeting of the commercial cooperation committee, including the formation of a committee specialized in investment issues, updates in the commercial laws of the GCC countries such as the consume
r protection law and the competition law, finding a unified mandatory legislative framework for e-commerce for the GCC countries, and preparing a unified GCC law for commercial franchising.

The work of the small and medium enterprises and entrepreneurship committee, the internal trade committee and the foreign trade committee along with the latest developments in the free trade agreement negotiations with countries and international blocs were reviewed, in addition to reviewing the developments in dealing with intra-GCC trade and other relevant topics related to the commercial sector in the GCC countries.

The 44th preparatory meeting of the GCC industry undersecretaries committee discussed the latest developments related to finding a unified definition of the “GCC” national product and its standards, lists of goods subject to collective protection and the unified strategy for industrial development in the GCC countries.

The meeting reviewed a proposal to establish an electronic information platform concern
ed with GCC industrial projects and joint projects to be a database that facilitates investors’ access to information that serves the industrial sector as well as access to the experiences of member states in the field of future factories, combating harmful practices and protecting GCC industry from unfair competition.

Source: Qatar News Agency

Chairman of Real Estate Regulatory Authority Meets UAE Ambassador

Doha: HE Chairman of Real Estate Regulatory Authority Eng. Khalid bin Ahmed Al Obaidli met Tuesday with HE Ambassador of the United Arab Emirates to the State of Qatar Sheikh Zayed bin Khalifa bin Sultan bin Shakhboot Al Nahyan.

During the meeting, t…


Doha: HE Chairman of Real Estate Regulatory Authority Eng. Khalid bin Ahmed Al Obaidli met Tuesday with HE Ambassador of the United Arab Emirates to the State of Qatar Sheikh Zayed bin Khalifa bin Sultan bin Shakhboot Al Nahyan.

During the meeting, they discussed the fraternal relations between the two countries, particularly in the field of real estate cooperation, and ways to enhance and develop it.

Source: Qatar News Agency

President of Federation of Nepalese Chambers of Commerce to QNA: We Look Forward to Learning from Qatar’s Experience in Building Strong, Resilient Economy

Kathmandu: HE the President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Prasad Dhakal praised Qatar’s experience in developing its various economic sectors and building a strong and resilient economy to become one o…


Kathmandu: HE the President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Prasad Dhakal praised Qatar’s experience in developing its various economic sectors and building a strong and resilient economy to become one of the world’s leading economies, thanks to its wise and inspirational leadership, emphasizing Nepal’s keenness to benefit from this experience.

In an interview with Qatar News Agency , His Excellency said: “I believe we as a nation can learn from the way HH the Amir Sheikh Tamim bin Hamad Al-Thani has been leading Qatar to becoming one of the important economies in the world.” “We are highly impressed with the development that has taken place in Qatar. Qatar has been marching ahead in all areas of economic and social development. The fact that Qatar has been hosting major global events, including the FIFA World Cup, so successfully speaks volumes of what the country has achieved in the recent past. The whole world is impressed by the resiliency and capacity to d
evelop a country even during difficult times,” he added.

His Excellency noted that HH the Amir’s visit to Nepal provides an opportunity to develop existing relations and enhance bilateral cooperation, as well as learn more about this economic experience. It will also highlight that Nepal is a safe and pleasant destination to travel and invest in, in addition to encouraging the relationship between the private sectors of the two countries.

He added that the visit will add more significance to the already existing relationship between the private sectors of Nepal and Qatar.

HE the President of FNCCI Chandra Prasad Dhakal said that there is a desire to renew the MoU between Qatar Chamber and FNCCI, signed in 2005, and establish Joint Business Council to open up more avenues for joint trade and investment.

He also spoke about existing trade relations with the Qatari private sector and Qatar Chamber, which witnessed development in light of the signed MoU. He pointed out that numerous meetings, trade promotion
events and workshops were held in collaboration with Qatari businesses.

He explained that fruitful meetings between the Chambers of both countries were held, revolving around how investment could be made in Nepal by Qatari businesses and how Nepali businesses could look to increase exports to Qatar.

“Over the past few years, I have had interactions with Qatari business people and I see a lot of potential in Qatar. The doing business climate in Qatar has been an attraction for investors across the globe and Qatar has become an investment hub for global players,” he added.

He also touched upon investment opportunities available in his country, saying: “Thanks to the strong and stable external sector and continuous reforms, Nepal is well-placed for investment in many sectors.” He noted that the government is in the process of amending laws and regulations to attract foreign investment.

He highlighted the importance of various investment sectors available, including untapped ones that the Qatari private secto
r can benefit from. These sectors include tourism infrastructure, hydroelectricity, medical infrastructure, ICT, skill development, agro-processing, and other profitable sectors, he explained.

HE Chandra Prasad Dhakal emphasized the importance of tourism sector in his country, given Nepal’s strategic location and its tourism assets, especially its breathtaking natural scenery and the world’s highest mountain peaks. He affirmed the significant success of some projects initiated in this sector, such as resorts, hotels, amusement parks, cable cars, and others.

HE the President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chandra Prasad Dhakal concluded his statement to QNA by stressing that the private sector of Nepal is very vibrant and they plan on doing more to enhance the relationship with Qatar, in order to attract more investments and enhance trade exchange to serve mutual interests and goals.

Source: Qatar News Agency