finance Archives

2 min

Business

Qatar’s central bank to gradually reduce Covid-19 economic support measures

Qatar Central Bank will begin the implementation of its reduction strategy for its support packages. Qatar’s Central Bank (QCB) said it will soon gradually start reducing financial support measures that…

2 min

Business

World Cup host Qatar sees 5% rise in expenditure for 2022 fiscal budget

The newly-approved budget amounts to QAR 204.3 billion, up from a previous QAR 194.7. Qatar’s Amir Sheikh Tamim bin Hamad Al-Thani has approved the country’s fiscal budget for the year…

2 min

Qataris online rally to scrap bank debts

Social media users in Qatar have called for the scrapping of debts in the Gulf country. Citizens in Qatar asked for authorities to relieve the debts of families of the…

2 min

Business

Qatar holds €32bn foreign investment stock in European Union

Qatar’s relations with the European Union have strengthened through investment and trade efforts over the past two years. Relations between Qatar and the European Union (EU) have developed positively during…

1 min

Qatar wealth fund holds nearly 5% stake in electric car battery developer Quantumscape Corp

Qatar Investment Authority has disclosed that it holds an almost 5% stake in Quantumscape Corp worth around $446 million. A Securities and Exchange Commission filing from Qatar Investment Authority (QIA)…

3 min

Qatar’s economy ’emerging strong’ post Covid-19 pandemic: PwC

PwC Middle East released the third edition of its bulletin on the Qatari economy, showing its resilience during the Covid-19 pandemic. PwC Middle East’s third edition of its bulletin on…

2 min

Business

Dukhan Bank sells $500 million in Islamic bonds

Qatar’s Dukhan Bank debt sale comes at a time when regional banks have looked to strengthen their primary funding sources. Qatar’s Dukhan Bank has sold $500 million in Additional Tier…

2 min

Business

Qatar wealth fund raises Credit Suisse stakes in convertible bond subscription

Qatar’s sovereign wealth fund has subscribed to two convertible bonds of Credit Suisse, raising its stake in the bank to 6%. Qatar Investment Authority’s (QIA) stake in Credit Suisse has…

2 min

QIA trims Credit Suisse stakes following scandals

The reduction in stakes now means that the Qatar Investment Authority may no longer be Credit Suisse’s largest stakeholder. The Qatar Investment Authority (QIA) has trimmed its stake in Swiss…

finance