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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.

Tesla takes short seller to court saying he menaced its workers

Tesla takes short seller to court saying he menaced its workers

Elon Musk’s war with Tesla Inc short sellers just got weirder. The electric car maker claims a California man who it says is part of an online group of short sellers has been stalking its Fremont factory and harassing its employees

Strong stock, bond markets at odds over global growth

Strong stock, bond markets at odds over global growth

It looks like something has to give in global markets. Stocks and bonds around the world have rallied atypically together since the start of the year, rewarding investors both bullish and bearish on the direction of global growth.

Qatar Chamber joins conference on Women Empowerment in Lebanon

Qatar Chamber joins conference on Women Empowerment in Lebanon

Qatar Chamber has participated in the conference on ‘Women Leaders and Health: Empowering Women Leaders in Innovation, Medical Education and Healthcare Delivery’ held in Beirut.

GDI to provide drilling services for NOC's Al Shaheen oilfield project

GDI to provide drilling services for NOC's Al Shaheen oilfield project

Gulf Drilling International (GDI), a wholly-owned subsidiary of Gulf International Services (GIS), has signed a three-year contract with North Oil Company (NOC) to provide drilling services through its rig 'Dukhan' for NOC's extensive development initiatives in Al Shaheen oil field.

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