Palestine News

Doha: The general index of Qatar Stock Exchange (QSE) rose 17.65 points, or 0.18%, at the beginning of trading on Wednesday, reaching the level of 9,728.97 points, compared to yesterday’s closing.

The general index was supported by a rise in five sectors: Banks and Financial Services by 0.36%; Real Estate by 0.35%; Industrials by 0.32%; Telecoms by 0.10%; and Insurance by 0.02%. On the other hand, QSE index saw a decline in Consumer Goods and Services by 0.18%; and Transportation by 0.63%.

At 10:00 am, 33.210 million shares were traded in 2,614 transactions valued QR 91.520 million.

Source: Qatar News Agency

Kuwait crude oil went up by $1.95 during Tuesday’s trading to reach $89.12 per barrel compared with $87.17 pb the day before, Kuwait Petroleum Corporation (KPC) said Wednesday.

Benchmark Brent futures increased by $1.42 to $88.42 pb, and West Texas Intermediate climbed by $1.46 to $83.36 pb.

Source: Qatar News Agency

Doha: Old Doha Port has announced a strategic partnership with a number of marinas in Qatar, with the aim of enhancing cooperation to provide comprehensive solutions and exclusive services to boat and yacht owners.

The most prominent marinas included in the partnership, which is the first of its kind in the field of marine tourism, are Ronautica Middle East Marina (operator of the Pearl Island Marina), Banana Island Resort in Doha, Aura Group (Beef Bar Marina), and Resorts and Leisure Facilities Company’s marinas (Corinthia Yacht Club in Porto Arabia).

In a statement today, Executive Director of the Old Doha Port, Mohammed Abdullah Al Mulla, expressed happiness with the partnership which, he stressed, represents a pivotal step towards unifying the strengths and diversifying the experiences available to boat and yacht owners, pointing out the possibility of benefiting from the unique offers available in each marina.

Old Doha Port seeks to enhance the experience of participants in this event, to develop and
support the goal of making the State of Qatar a global specialized destination in the field of yachting.

He stressed the importance of this initiative, led by the Old Doha Port, to advance the culture of the maritime sector in Qatar and set new standards for luxury and excellence in service provision by pooling resources and unifying common goals.

Source: Qatar News Agency

Khalid Al Homoud, a member of the Board of Directors of the Capital Market Authority of the Kingdom of Saudi Arabia and outgoing President of the UASA, presented the 2023 UASA annual report during the opening session of the Union’s meeting. In his presentation, Al Homoud reviewed the developments witnessed in Arab and international capital markets, as well as the most prominent achievements of the Union in 2023.

Al Homoud highlighted that 2023 witnessed significant developments and events that had a direct impact on the performance of global capital markets. These markets were affected by geopolitical changes and their repercussions on the Arab region and various world economies. Global economic activity suffered a significant slowdown, and inflation rates exceeded levels recorded in decades.

Despite these challenges, Al Homoud emphasized that Arab regulatory and supervisory authorities worked closely with capital markets and governments throughout 2023 to overcome the repercussions of various changes and c
rises in the financial markets. Member bodies of the Union took concrete steps in various areas in line with best international practices and standards.

During the meeting, the UASA board will discuss a number of issues and topics on the agenda, including reviewing the 2023 UASA annual report to be approved, in addition to several memos of the General Secretariat of the Union, regarding the completed initiatives under the UASA’s 2023 working plan,, the guidance on the best practices in the AML/CFT, the guidelines for crowdfunding in the Arab capital markets, the general rules for sustainability in the Arab capital markets, and the principles Guidance to enhance cybersecurity, and the needs of UASA members in the field of fintech and cybersecurity.

The UASA Board meeting will also discuss the signing of the MoU with the International Capital Market Organization (ICMA), cooperation with the regional committees of IOSCO, and the UASA’s 2024 working plan and program to be approved.

Source: Qatar News Agency

The UAE and Oman signed Tuesday several multi-field agreements, memorandums of understanding and investment partnerships worth AED 129 billion ($35.12 billion).

The signing was done during the UAE-Oman Business Forum, on the sidelines of Sultan Haitham bin Tariq’s visit to the UAE.

The agreements and MoUs aim to enhance cooperation between the two countries in the fields of renewable energy, green minerals, railway connectivity, investments in digital infrastructure, technology, transportation and food security, in addition to forming an UAE-Omani alliance to enhance bilateral trade and economic relations.

Source: Qatar News Agency

Doha: The net profits of Salam International Q.P.S.C. in the first quarter of 2024 amounted to QR 11,331,712 million, an increase of 36 percent compared to a net profit of QR 8,377,065 for the same period of the previous year.

According to data issued by the company that was published Wednesday on the Qatar Stock Exchange (QSE) website, there was an increase in Earnings per Share (EPS) to QR 0.010, compared to an EPS of QR 0.006 for the same period in 2023.

Source: Qatar News Agency