Tuesday , June 2 2020
Breaking News
Home / International Customs / Qatar (page 31)


Customs agents training program launches at Qatar Chamber

DOHA: A training program for customs agents started Wednesday at Qatar Chamber headquarters with a joint organization between the chamber and the General Authority of Customs. The program, which runs until November 15, involves a set of topics, including customs law, customs idioms, customs clearance, protection of intellectual property rights and outstanding issues related to fees and international organizations and ... Read More »

Industries Qatar net profit hits to QR3.8bn

DOHA: Industries Qatar (IQ), one of the region’s industrial giants with interests in the production of a wide range of petrochemical, fertiliser and steel products, recorded a net profit of QR3.8bn for the period ended September, 2015. The group recorded strong financial results across all segments during the current year amidst the current economic environment as the sales volumes grew ... Read More »

Doha Court fines QR1mn in tobacco, cigarettes smuggling case

DOHA: A Doha Criminal Court has ordered a local commercial company to pay a fine of QR1mn after being convicted of smuggling a large quantity of tobacco and cigarettes, local Arabic daily Arrayah reported on Wednesday. The company tried to hide the tobacco and cigarettes inside a number of other commercial items to pass through the customs unnoticed. Besides, it ... Read More »

Qatar’s MPHC revenue falls 24.8% to QR 2.4bn

DOHA: Mesaieed Petrochemical Holding Company (MPHC), a subsidiary of Qatar Petroleum and one of the region’s premier diversified petrochemical conglomerates with interests in the production of olefins, polyolefins, alpha olefins and chlor-alkali products, recorded a consolidated net profit of QR786.2m for the nine months period ended September 2015. Management reporting revenue for the nine months, calculated by proportionately consolidating group ... Read More »

Barwa real estate net profit swells by 420% to QR 3.5bn

DOHA: Barwa Real Estate Company has posted a net profit of QR 3.5 Billion for the period ended September 30, a jump by 420% compared to QR 673 Million recorded for the same period in 2014, according to a Qatar Stock Exchange (QSE) bulletin today. The company’s earnings per share (EPS) significantly increased to QR 9.18 compared to an EPS ... Read More »

Qatar exports to Jordan increase $40m in past 8 months

DOHA: Qatar’s exports to Jordan increased during the past eight months of 2015, according to the Jordanian Department of Statistics data released. The data say that Qatari exports to the kingdom over the past eight months amounted to $40 million, compared with $32.4m during the corresponding period of 2014.. Jordan’s exports to Qatar during the last eight months of 2015 ... Read More »

Doha Bank profit rises 1% to QR1.14bn in Q3

DOHA: Doha Bank has registered a net profit of QR1.14bn in the third quarter of 2015 compared to QR1.13bn posted in the same quarter previous year. It is a 1 percent growth. “This is another strong result and is clear demonstration that Doha Bank continues to perform consistently,” said Sheikh Fahad bin Mohammad bin Jabor Al Thani, Chairman of the ... Read More »

QIC premium grows 20% to QR5.38bn in 9 months

DOHA: Qatar Insurance Company (QIC), Qatar’s and the Mena region’s leading insurer, posted record Gross Written Premiums (GWP) of QR5.38bn for the first nine months of 2015, demonstrating a strong growth of 20 percent compared to the same period of the previous year. Key drivers of growth include QIC’s international reinsurance operations (Qatar Re and Antares) and regional personal lines ... Read More »

Qatar’s Masraf Al Rayan profit surges 6.14% to QR1.5bn in first nine months

DOHA: Masraf Al Rayan, a leading bank in Qatar and the region, reported a net profit of QR1.5bn during the first nine months of 2015 compared to QR1.4bn for the corresponding period of the previous year, a growth rate of 6.14 percent. The bank’s total assets reached QR79.53bn compared to QR77.83bn as of September 30, 2014, a growth of 2.20 ... Read More »

QIB completes successful issuance of $750m sukuk

DOHA: Qatar Islamic Bank (QIB), rated A- S&P / A+ Fitch (both stable outlook), priced a highly successful $750m 5-year RegS only sukuk offering. The sukuk was issued at par with a profit rate of 2.754 percent, representing a spread of 135bps over 5-year mid-swaps. The sukuk came on the back of comprehensive set of global investor meetings conducted in ... Read More »

Nakilat profit surges 9% to QR756.3m in first nine months

DOHA: Nakilat, the shipping arm of Qatar’s liquefied natural gas (LNG) sector, delivered QR756.3m profits for the first nine months of this year, an increase of 9 percent from the same period last year. The healthy financial results reflect Nakilat’s strategic development, the success of its joint ventures, and the company’s resilience in the challenging economic climate. The Board of ... Read More »

Foreigners can now own up to 49% stake in Nakilat

DOHA: Nakilat’s LNG shipping fleet is the largest in the world with some 63 vessels. Foreign shareholders can now hold up to 49% in Nakilat listed on the Qatar Stock Exchange. Qatar Central Securities Depository (QCSD) has amended the foreign ownership limit (FOL) in the shares of Nakilat up to 49% of capital, as at the end of yesterday’s trading ... Read More »

Qatar, Kazakhstan ready to boost investments

DOHA: H E Sheikh Ahmed bin Jassim Al Thani, Minister of Economy and Commerce, underscored the need for Qatar and Kazakhstan’s need to boost bilateral investments. After co-chairing the fourth session of the Qatari and Kazakh joint committee with Kazakh Minister of National Economy Yerbolat Dossayev, Sheikh Ahmed bin Jassim underlined the strong bilateral relations and the need to exert ... Read More »

Nakilat increase foreign ownership limit to 49%

DOHA: Qatar Central Securities Depository (QCSD) has given the nod to Qatar Gas Transport Company (Nakilat) to increase its foreign ownership limit to 49 percent. The QCSD explained that this amendment comes as part of the implementation of Law No. (9), which allows foreign investors to own a percentage not more than 49 percent of each company listed on Qatar ... Read More »

Qatar’s Commercial Bank posts net profit of QR1.34bn in 9 months

DOHA: The Commercial Bank QSC reported a net profit of QR1.34bn for the nine-month period ended September 2015, compared to QR1.55bn for the same period in 2014, a decrease of 13.7 percent. The bank’s net operating income rose by 4 percent to QR3.05bn and total assets are up 4.3 percent to QR119.2bn on year-on-year. Sheikh Abdullah bin Ali bin Jabor ... Read More »

GFCE of Qatar surges 10% to QR29bn in Q2

DOHA: The government final consumption expenditure (GFCE) of Qatar for the second quarter of 2015 (Q2, 2015) has been estimated at QR29.70bn as against QR27bn recorded during the same period in 2014 . The 10 percent year-on-year increase in the government spending is in line with the rise in production of public goods and services. The percentage share of GFCE ... Read More »

Capital flight from emerging economies expect to hit $540bn by this year-end

DOHA: The capital flight from the emerging economies to the developed countries is expected to be $540bn by this year-end. This is the first time such a huge capital is shifting to the developed markets, after 1988, said an expert. Delivering a public lecture on “the influence of foreign investors on Arab stock market” on Tuesday, Dr Elsayed Elsiety (pictured), ... Read More »

GCC family businesses generate $100bn in annual revenue across the region

DOHA: GCC family businesses collectively generate $100bn in annual revenues across the region. Most of the businesses have diversified significantly within their home markets. Eighty eight percent of businesses are present in five or more sectors, most common being real estate, construction, retail, manufacturing, and travel and leisure, the inaugural GCC family-owned business survey conducted by McKinsey & Company has ... Read More »

Qatar’s Investcorp adds $400m to US property portfolio

DOHA: Investcorp, a leading provider and manager of alternative investment products, yesterday announced that its US-based real estate arm, through separate transactions, has acquired a portfolio of eight residential properties in the metropolitan areas of Las Vegas, Denver, Chicago, Atlanta and Dallas for approximately $400m. These transactions take the firm’s total real estate acquisitions for the last 12 months past ... Read More »

Siemens signs 18-year contract with Dolphin Energy for Qatar gas project

DOHA: Siemens has signed a long-term service contract with Dolphin Energy Limited for their Dolphin Gas Project in Qatar, Siemens will provide service and maintenance for nine aero-derivative gas turbines from former Rolls-Royce Energy and the related nine Dresser-Rand compressors with a term of eighteen years. “This order impressively underscores that we are on the right path with our acquisitions ... Read More »