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WEDNESDAY 3 FEBRUARY 2021
QSE FTSE 100 DOW BRENT6,516.65 +50.23 (0.78%) 30,818.74 +606.83 (2.01%) $57.76 (+1.43) 10,517.93 +44.34 (0.42%)
JRE, Kilinc Law & Consulting, Al Sulaiti Law Firm sign MoUThe agreement will also further establish Just Real Estate as a premier agency for real estate investment within Turkey and for those seeking residency and Turkish citizenship.
BUSINESS | 02Nasser H Al Ansari Chairman of Just Real Estate
Business
Vodafone net profit rises to QR185m in 2020
THE PENINSULA — DOHA
Vodafone Qatar has reported its highest-ever net profit of QR185m for 2020, a 29 percent increase compared to the previous year mainly driven by earnings before interest, taxes, depreciation and amortisation (EBITDA) growth, despite the impact of the COVID-19 pandemic.
The Board of Directors of Vodafone Qatar has recom-mended the distribution of a cash dividend of 5 percent of the nominal share value, or QR0.05 per share, which will be presented at the Company’s next Annual General Assembly for approval.
Total revenue of the company increased by 3.5 percent (year-on-year) to reach QR2.2bn, due to higher demand for the Company’s
fixed broadband services (GigaHome) and continued growth in Postpaid. Service revenue grew by 3.7 percent to QR2bn. Vodafone Qatar is now serving 1.7 million mobile customers.
EBITDA for the reported period stood at QR808m reflecting a strong growth of QR99m or 14 percent
compared to 2019, positively impacted by the higher service revenue and the continued cost optimisation programme. Con-sequently, EBITDA Margin improved by 3.4 percentage points to reach 36.7 percent, the highest in the Company’s history.
Commenting on the results, Vodafone Qatar’s Chairman,
Abdulla Nasser Al Misnad, said: “For many businesses, 2020 was an exceptionally difficult year laden with challenges. Nonetheless, we remained focused on executing Voda-fone’s defined corporate strategy, which has provided a strong platform contributing to our profitable growth. From the onset of the global pandemic, we put great effort into pro-viding vital connectivity to our customers, government, edu-cation and healthcare and sup-porting businesses. The focus and resilience demonstrated reflect the robust performance we delivered this year. This of course could not have been possible without the relentless effort and dedication of our employees and suppliers who I would like to thank on behalf of the Board and management.�P2
FROM LEFT: Abdulla Nasser Al Misnad, Chairman, Vodafone Qatar; Sheikh Hamad Al Thani, CEO, Vodafone Qatar; and Rashid Al Naimi, Managing Director, Vodafone Qatar.
Exports of QDB-registered SMEs up 23% last yearTHE PENINSULA — DOHA
The Qatar Development Bank (QDB) has concluded the events of the Qatar Virtual Exhibition (QVE), which brought together top Qatari SMEs, distributors, and international buyers to explore export opportunities, forge strategic partnerships, and access new markets conveniently and regardless of any pandemic-related restrictions. In its first edition, the Exhibition drew a diverse group of local and international enterprises from all around the world.
By leveraging interactive digital platforms, export-oriented Qatari entrepreneurs and SMEs were able to exhibit and promote their products and services at their virtual booths, while international buyers had the chance to explore a wide variety of offerings across the country’s lucrative industries, and book
virtual meetings with manufacturers and sup-pliers over the course of four days.
The Exhibition comes in the framework of QDB’s ongoing efforts to facilitate the growth and expansion of SMEs globally with confidence by identifying sustainable export opportunities, tapping into regional and global markets, and leveraging the State’s export capabilities and advantages.
In this context, and despite worldwide pandemic-induced lockdowns, registered exporters achieved an increase of 23% in the
total volume of exports in 2020 alone, reaching QR686m. During the same year, 115 exporters participated in 10 matchmaking events, marking a 46% growth in the number of beneficiaries, and 27 Qatari exporters joined the Alibaba global e-commerce platform.
Commenting on the success of the first edition of QVE, QDB’s CEO Abdulaziz bin Nasser Al Khalifa, said: “Through the Export Development Agency (Tasdeer), QDB is con-stantly working on identifying markets and developing platforms by designing engage-ments that accelerate the growth of Qatari exporters and SMEs and their contribution to the country’s economic diversification by stimulating non-oil exports, while introducing international importers to Qatar’s lucrative industries and thriving SME ecosystem. The Qatar Virtual Exhibition is the perfect embod-iment of this dynamic and fruitful exchange.”
New technology, features push up laptop pricesDEEPAK JOHN THE PENINSULA
The laptop market in Qatar is buzzing with activity as computer showrooms and dealers are witnessing surge in demand for new models. Remote learning has created additional demand for laptops and computers. Buoyed by high demand, companies have launched new models which are equipped with latest technology and new features, which have made laptop costlier.
Heavy, bulky laptops are a thing of the past as the technology has taken a giant leap. Today, people prefer slim, thin, stylish, and light weight devices with features such as better webcams, stylus, headphones, and speakers for videoconferencing.
In Qatar, laptops and computer accessories are in demand as the situ-ation is better than before. A supervisor form an electronic store told The Peninsula, “Although the prices of laptops have increased, people con-tinue to purchase all brands such as Dell, HP, Asus and Lenovo”.
“One of the factors for the rise in
prices may be the use of SSDs (solid state drives) for storage rather than HDDs in newer, more modern tech-nologies which is expensive,” he said. 1TB SDD costs QR699 compared to 1TB HDD which is QR249,” he added.
Since SSDs have no moving parts, they run more quietly, enjoy faster access time, and lower power con-sumption compared to HDDs (hard disk drives). SSDs in general are more reliable than HDDs as they result in longer battery life. With their spinning disks, HDDs require more power when they start up than SSDs. The difference is in the technology used to store and retrieve data.
A salesman from another major store said “We sell 40-50 units per day, the mid-range laptops are between QR2,500 to QR3,500 and the high-range
between QR5,000 to QR10,000 and the price goes up to QR16,000. The buyers vary from students to company employees and most students prefer laptops of range between QR1,000 to QR3,000” he added.
Prices of laptops with basic features start from QR1,000. Likewise, a super-visor of another major electronic store said, “Before the pandemic we use to receive two to three models of laptops from our suppliers but presently just one model as the quantity of new supplies from China are less. This may be due to the effects of pandemic as the suppliers are also running low on their stocks”.
“Also we have less stocks of Arabic computer keyboard which is preferred by most of the customers but the European keyboards with English numerals are available. The customers buy new models as soon as they are launched and most of them look for medium range. Now a days, the desktops computers are not much pre-ferred by buyers but again it differs from person to person.” he added.
In Qatar, the launch of re-designed 13-inch MacBook Pro and Air are available in stores.
Service revenue grew by 3.7 percent to QR2bn. Vodafone
Qatar is now serving 1.7 million mobile customers.
EBITDA for the reported period stood at QR808m reflecting
a strong growth of QR99m or 14 percent compared to 2019.
Total revenue of the company increased by 3.5 percent
(year-on-year) to reach QR2.2bn, due to higher
demand for the Company’s fixed broadband services
(GigaHome) and continued growth in Postpaid.
QLM to launch family healthcare insurance in second quarter of 2021THE PENINSULA — DOHA
QLM Life & Medical Insurance Company (QLM) will launch its family healthcare insurance product, which will be a first of its kind in Qatar, in the second quarter of 2021.
Being groomed to be the most popular healthcare family insurance program for Qatari citizens and expa-triate residents, Q L M ’ s n e w insurance product will feature four plans providing comprehensive cov-erage for medical services in Qatar and beyond.
QLM CEO Fahad Al Suwaidi said: “QLM’s vision is to c o n t i n u o u s l y improve its customer’s expe-rience by offering a range of distinctive products & services. This new family healthcare product reflects our com-mitment to our vision, which is designed after a thorough study of the current market statistics and customer needs while con-sidering the factors that differ-entiates private medical sector in the State of Qatar from advanced healthcare services.
“QLM’s family healthcare insurance product will be inclusive of all segments of the society, from the families of Qatari nationals to families of expats with valid Qatar ID working in various sectors and classes of our community, to become the most compre-hensive product in the insurance sector. It will further support the company’s strategy to diversify its product lines and to meet the needs of customers and the insurance sector of a unique product that includes full or partial coverage of medical expenses for an indi-vidual,” he added.
The new family health insurance product will provide customers access to compre-hensive coverage of services including medical diagnostics, medical dental services, preg-nancy and childbirth services, optical services, physiotherapy, laboratories, surgeries and skin treatments, and coverage of chronic diseases and pre-existing conditions subject to the table of benefits, coverage of acute diseases and coverage of physical and complementary therapy, chiropractic treatment, acupuncture, osteopathy and Ayurveda among others.
The new product will also feature the largest network of medical service providers in Qatar and globally, said Al Suwaidi. It includes major hos-pitals including Al Ahli Hospital, Al Emadi Hospital, Doha Clinic Hospital, Turkish Hospital and Aster Hospital. The network consists of more than 400 health centres, clinics and pharmacies in Qatar, while glo-bally it includes more than 75,000 providers. �P2
This new family healthcare product
reflects our commitment to our vision,
which is designed after a thorough
study of the current market statistics
and customer needs while considering
the factors that differentiates private
medical sector in the State of Qatar
from advanced health care services.
Fahad Al Suwaidi, CEO of QLM Life & Medical Insurance Company
Widam's import of Sudanese chilled meat, livestock to reach QR150m in 2021
SACHIN KUMARTHE PENINSULA
The import of livestock and chilled meat by Widam Food Company, the main importer of meat to Qatar, from Sudan is expected to reach QR150m in 2021. In a filing to the Qatar Stock Exchange, the company said it has received a shipment of Sudanese 1600 heads of livestock. This shipment is the third one and the largest imported shipment received during the month of January 2021 by the Company.
It received two shipments earlier from Australia and Sudan which takes the total amount of livestock imported by the company to 70,000 heads. The imports are crucial role to meet the local demand for meat products.
“In line with our strategy, which aims to support the Food Security plans in the State of Qatar, we have worked closely and coordinated with the major exporters of livestock in many countries which are renowned for their premier products and we secured competitive prices to secure numerous sources of import,” said Engineer Mohamed Badr Al Sadah,
Chairman of the Board of Widam Food Company. “Our plan is that our imports of livestock and chilled meat from Sudan to reach QR150m in the current year.”
He said the company plans in prepar-edness and readiness to have strategic reserve of basic commodities (livestock, frozen and chilled meat), to secure it avail-ability in the local market.
Widam Food Company has signed contracts to import more than 90,000 heads of sheep, and cattle for the local market during the month of March 2021 both as livestock and chilled meat for the month of holy Ramadan.
The company has lately imported reg-ularly throughout the year to meet the needs and requirement of consumers a number of shipments of sheep, and Romanian cattle and other livestock of Arabic sheep and meat from Australia, South Africa, Argentina, India, and Pakistan. Widam Food Company besides importing meat and livestock to the local market, also, manages and operates the top quality, highest specifications and most modern slaughter house in the Middle East in Al Wakrah Central Market.
Buoyed by high demand, comp-
anies have launched new models
which are equipped with latest
technology and new features,
which have made laptops costlier.
JRE, KiAl SulaThe agreepremier afor those
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02 WEDNESDAY 3 FEBRUARY 2021BUSINESS
QCB issues
Treasury bills
worth QR600mQNA — DOHA
Qatar Central Bank (QCB) issued yesterday treasury bills for three, six and nine months, with a value of QR600m.
According to a statement posted on QCB website, the treasury bills are distributed as follow: QR300m for three months at an interest rate of 0.12 percent, QR200m for six months at an interest rate of 0.15 percent, QR100 million for nine months at an interest rate of 0.18 percent
The issuance of the treasury bills is part of Qatar Central Bank's monetary policy initia-tives and its efforts to strengthen the financial system in the State of Qatar as well as to activate the tools available for the open market operations, as one of the monetary policy tools, and as an implementation of the coordi-nation mechanism between fiscal and monetary policies.
JRE, Kilinc Law & Consulting, Al Sulaiti Law Firm sign MoUTHE PENINSULA — DOHA
Just Real Estate (JRE), Al Sulaiti Law Firm and Kilinc Law & Consulting signed a Memorandum of Understanding (MoU) on cooperation and intention commitment to promote real estate investments between Qatar and Turkey. The signing ceremony took place in Just Real Estate Headquarters in Doha.
Nasser H Al Ansari, Chairman of Just Real Estate, Mubarak bin Abdullah Al Sulaiti, Chairman of Al Sulaiti Law Firm and Levent Lezgin Kılınç, Founding Partner of Kılınç Law & Consulting, signed on behalf of their representative parties.
The major thrust of the MoU is to promote mutually beneficial cooperation between Just Real Estate, Kılınç Law and Consulting and Al Sulaiti Law Firm in the areas of real estate and to assist the clients of Just Real Estate willing to acquire real estate in Turkey. Just Real Estate, Al Sulaiti Law Firm and Kılınç Law & Consulting will work together to provide Just Real Estate clients with expanded access to infor-mation about potential investments, create information exchanges focused on how
to acquire real estate and citizenship acquisition in Turkey and support Just Real Estate’s effort to better market available opportunities. The major benefit of this MoU is that the client will get a full under-standing of all the laws and regulations in the Turkish real estate market and the con-venience of it all is the major part where clients can have the option of meeting with the legal expert in Qatar, at Al Sulaiti Law Firm or in Turkey at Kilinc Law & Con-sulting, where they will both provide top notch legal services.
Nasser said, “With the signing of this collaboration with these two esteemed legal firms we are providing a significant value-added, legal and property service to investors who wish to explore the high potential of Turkey’s real estate market. With our expertise and the legal counsel of Al Sulaiti and Kilinc law firms we can provide our clients with keen insights into the Turkish real estate market to enable them to make better informed investment decisions and gain access to the most up-to-date legal requirements on buying property within Turkey. The agreement will also further establish Just Real Estate
as a premier agency for real estate investment within Turkey and for those seeking residency and Turkish citizenship.”
“It is a great honour for us to cooperate with a reliable company like Just Real Estate, which has a very important place in the real estate market in Qatar. Through our strong partnership established as Just Real Estate, Al Sulaiti Law Firm and Kılınç Law & Consulting we aim to provide punctual, transparent and reliable service to the Qatar residents who want to acquire real estate in Turkey. We express our sincere gratitude to Just Real Estate for trusting us in this partnership “ said Levent
Lezgin Kılınç.“Our purpose for signing with Just Real
Estate is to encourage real estate investment in Turkey. It is with great honour that, we are partnering with such a well-respected company that has acquired a great reputation in the region. Together with our Turkish partner, Kılınç Law & Consulting, I am positive that we will provide the best legal service possible for Just Real Estate’s clients. We will make sure that Just Real Estate clients have a complete and accurate understanding and solution to real estate and citizenship acquisition in Turkey,” stated Mubarak bin Abdullah Al Sulaiti.
Officials of Just Real Estate, Al Sulaiti Law Firm and Kılınç Law & Consulting during the event.
QLM to launch family healthcare insurance in second quarter of 2021FROM PAGE 1
Al Suwaidi added that launch of family insurance product exclu-sively gives all nationals and cit-izens in Qatar the opportunity to obtain different layers of tailored coverage with a geographical cov-erage starting from Qatar and worldwide. Deductibles for outpa-tient clinics start from nil up to 20% co-payment. Family product plans will also include privileges and
services that are compatible with the needs of family members for comprehensive medical coverage of up to QR3,000,000 per person per year as a maximum limit.
QLM has largest share in the local market’s health insurance sector. With the launch of this product, company aims to acquire a market size similar to medical insurance for individuals.
Ahmad Mohamed Zebeib,
Deputy Chief Executive Officer at QLM, said: “This family product is just one of the company’s product, which is part of a series of products that the company will launch and will be witnessed by the local insurance sector, and this is first step towards imple-menting the company’s strategy of diversification. In what it offers to its different customer seg-ments, as one of the product’s
goals, is to provide health care for everyone at an affordable price.”
Zebeib noted that private medical sector in Qatar is able to provide optimal solutions for medical services at highest level and has the ability to manage health insurance products pro-vided by insurance companies. He added: “The development and growth of competition in the private medical sector in Qatar,
whether at level of services and medical specialties or the accu-mulated experience in the field, has resulted in creation of an increasing demand for treatment and medical services through private medical sector. This product brings an opportunity for those who desire to obtain their healthcare from hospitals and health centres that operate within private medical sector.
“The importance of this product stems from premise that health of an individual is one of the main factors in building an integrated health system. As such, obtaining high-quality healthcare services is important and crucial to ensuring that citizens and residents enjoy good health, in line with the compre-hensive vision to advance healthcare sector in Qatar within National Health Strategy,” Zebeib added.
Vodafone net profit rises to QR185m in 2020FROM PAGE 1
Rashid Fahad Al Naimi, Vodafone Qatar Managing Director, added: “Vodafone Qatar finished 2020 with twelve consecutive quarters of higher year-on-year revenue, despite global telecommunications industry head-winds that continue to erode overall market value. Strengthening and growing our core business and imple-menting strategic plans that are
dynamic in meeting with the sweeping changes in the ICT sector, while driving operational efficiencies is enabling us to deliver consistent strong results. With this, we are confident in our ability to continue to deliver profitable and respon-sible growth to our shareholders.”
Sheikh Hamad Abdulla Jassim Al Thani, CEO at Vodafone Qatar, added: “Fundamental to our long-term ability to sustain our current growth
momentum lies in the importance of Vodafone to be at the forefront of tech-nological advances. In 2020, we accel-erated investments in both our wireless and fixed network infrastructure in addition to modernising our IT systems. These investments have enabled us to continue diversifying our revenue mix such as the acceleration of our home broadband and TV entertainment service for our consumer segment.
Within the enterprise segment, we have extended beyond connectivity with a portfolio of managed services and smart solutions such as the Internet of Things and Big Data that some of the country’s biggest entities have adopted. Looking forward, the focus will remain on executing all pillars of our Digital 2023 strategy, in particular driving digital transformation and innovation in advanced technologies”.
03WEDNESDAY 3 FEBRUARY 2021 BUSINESS
QLM announces the launch of family healthcare insurance product
The first of its kind in Qatar
Next, most popular healthcare
family insurance program for
citizens & residents….
Comprehensive coverage for
medical services
A pioneer product, leading to
large market size for individual
insurance
In the second quarter of 2021, with four different plans
QLM Life & Medical Insurance Company announces the launch of its family
insurance product, a distinguished & unprecedented product which will be unique to the typical products in the health insurance sector, a first of its kind. This unique new product is designed to extend health coverage to families, it will meet the need of Qatari Nationals and the Expats who want to secure a health insurance coverage that they can depend on.
QLM’s family healthcare program will cover members for health-service expenses at private medical service pro-viders including private hos-pitals, healthcare centres, private clinics, dental centres and pharmacies. The launch of family healthcare program is aligned to company’s strategy aimed at elevating its cus-tomer’s experience by offering distinctive services. Family healthcare program will be to our distinguished customers from the second quarter later this year, available through its branches and website at www.qlm.com.qa.
Mr. Fahad Al Suwaidi, CEO of QLM Life & Medical Insurance Company, com-menting on this new milestone said “QLM’s vision is to contin-uously improve its customer’s experience by offering a range of distinctive products & services. This new family healthcare product reflects our commitment to our vision, which is designed after a thorough study of the current market statistics and customer needs while considering the factors that differentiates private medical sector in the State of Qatar from advanced health care services.
Through this product our customers will have access to comprehensive coverage of services such as medical diag-nostics, medical dental services, pregnancy and child-birth services, optical services, physiotherapy, laboratories,
surgeries and skin treatments, and coverage of chronic dis-eases and pre-existing condi-tions subject to the table of benefits, coverage of acute dis-eases and coverage of physical and complementary therapy, chiropractic treatment, acu-puncture, osteopathy and Ayurveda and many other ben-efits, through four plans included in this product, and this product will be used by the largest network of medical service providers in the State of Qatar and the rest of the world.”
Fahad Al-Suwaidi further added that “QLM’s family healthcare insurance product will be inclusive of all seg-ments of the society, from the families of Qatari nationals to families of expats with valid Qatar ID that work in various sectors & classes of our community, only to become the most compre-h e n s i v e product in t h e
insurance sector. It will further support company’s strategy to diversify its product lines and to meet the needs of customers and the insurance sector of a unique product that includes full or partial coverage of medical expenses for an individual”
Al-Suwaidi emphasized that considerations were given to how customers will obtain this product from different dis-tribution channels and how they can benefit the most from the of use of this product within a given network of service providers which is easily accessible through their QID or QLM Membership cards which will work alike, it will
give greater flexibility to our members.
Fahad Al-Suwaidi indi-cated that the price of the product has been set fittingly to ensure it is accessible to all segments of society which is in the best interest of our com-munity, the benefits of each plan will vary by each type of service and service provider.
Speaking of the network of service providers, Al-Suwaidi pointed out, one of the most important features of this product is that it will include major hospitals within the network of service providers, especially Al-Ahli Hospital, Al-Emadi Hospital, Doha Clinic Hospital, Turkish Hospital and
Aster Hospital, and the network will consist of more than 400 health centres, clinics and pharmacies in Qatar and globally the network will consist of more than 75,000 providers.
Fahad Al-Suwaidi stressed that the launch of the family insurance product exclusively gives all nationals and citizens of the State of Qatar the oppor-tunity to obtain different layers of tailored coverage with a geographical coverage starting from the State of Qatar to worldwide, and deductibles for outpatient clinics starting from nil until up to 20% co-payment. Family product plans will include many privileges and services that are compatible with the needs of family members for comprehensive medical coverage of up to 3,000,000 Qatari riyals per person per year as a maximum limit.
QLM Life & Medical Insurance Company has the largest share of health insurance sector within the local market. With the launch of this product, the company aims to acquire a market size similar to medical insurance for individuals, and this product is an interpretation of the company's experiences gained from the regional markets in which it operates and employing these experi-ences in the local market to promote the sector and create opportunities for competition
in providing services, which will be in the favour of customers.
Mr. Ahmad Mohamed Zebeib, Deputy Chief Executive Officer of QLM Life & Medical Insurance Company, said: “This family product is just one of the company’s product, which is part of a series of products that the company will launch and will be witnessed by the local insurance sector, and this is the first step towards implementing the company's strategy of diversification. In what it offers to its different customer segments, as one of the product’s goals is to provide health care for everyone at an affordable price.”
Ahmed Zebeib noted that the private medical sector within the State of Qatar is able to provide optimal solutions for medical services at the highest level and has the ability to manage health insurance products provided by insurance companies. The State’s great interest in health care has become the biggest motivation for the company to launch this product that will contribute to the company's pursuit in supporting Qatar’s National Vision 2030.
He concluded by saying “The development & growth of competition in the private medical sector in the State of Qatar, whether at the level of services and medical spe-cialties or the accumulated experience in the field, has resulted in creation of an increasing demand for treatment and medical services through private medical sector. This product brings an oppor-tunity for those who desires to obtain their healthcare from hospitals & health centres that operate within the private medical sector
The importance of this product stems from the premise that health of an indi-vidual is one of the main factors in building an inte-grated health system. As such, obtaining high-quality healthcare services is important and crucial to ensuring that citizens & resi-dents enjoy good health, in line with the comprehensive vision to advance the healthcare sector in Qatar within the National Health Strategy.”
Mr. Fahad Al Suwaidi, CEO of QLM Life & Medical Insurance Company
Mr. Ahmad Mohamed Zebeib, Deputy CEO of QLM Life & Medical Insurance Company
QLM’s family healthcare program will cover members for health-service expenses at private medical service providers including private hospitals, healthcare centres, private clinics, dental centres and pharmacies. The launch of family healthcare program is aligned to company’s strategy aimed at elevating its customer’s experience by offering distinctive services.
04 WEDNESDAY 3 FEBRUARY 2021BUSINESS
QNB most valuable banking brand in regionTHE PENINSULA — DOHA
QNB Group, the largest financial institution in the Middle East and Africa (MEA), has continued to be the most valuable brand in the MEA region with a brand value worth $6.107bn, according to the latest Brand Finance Global 500 report.
QNB’s brand ranked at 48 in the top 500 banking brands worldwide, up from the 52nd place in 2020. The Bank also established its leading position among the top 500 most val-uable global brands, ranking at 321 up from 344 in 2020.
Reaffirming its efficient strategy to boost the Group’s brand value, QNB launched successful campaigns that allowed the Group to build strong portfolio. Despite the unprecedented global chal-lenges faced due to COVID-19, QNB succeeded to gain exposure overseas and posi-tioning the bank for future growth opportunities.
For this reason, QNB Group’s brand had shifted its promotional messages towards
more awareness and cautionary approach to cope with the pan-demic while taking the nec-essary precautions to mitigate the situation.
In addition to its brand engagement, the Group for the first time in history of the region, became the first banking institution to record total assets
of QR1 trillion ($282bn), repre-senting an increase of 9 percent from last year. QNB’s disci-plined approach towards exe-cution of its long-term strategy enabled the Group to achieve the One Trillion Qatar Riyal Total Asset milestone, according to the recent financial results.
Yousef Ali Darwish, General Manager of QNB Group Com-munications, said: “The stra-tegic initiatives we have under-taken through 2020 have allowed us to strengthen our brand and maintain our ranking as the most valuable banking brand in the region. The COVID-19 pandemic reaffirmed the Group’s s pioneer approach to cope with challenges through enhancing safety measures among customers, staff and the local communities in the coun-tries in which we operate through our international network.”
Brand Finance, the world’s
leading independent branded business valuation and strategy consultancy, is the company behind the Brand Finance Banking 500, a league table of the world’s biggest banks pub-lished every year in collabo-ration with The Banker, a Financial Times publication. Brands are rated based on their strength, risk and future potential relative to its compet-itors and a summary measures of the businesses’ financial strength and delivery.
QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. QNB Group serves a customer base of approximately 20 million customers supported by 28,000 staff resources oper-ating from 1,000 locations and more than 4,300 ATMs.
Hitachi ABB Power Grids wins major orderTHE PENINSULA — DOHA
Hitachi ABB Power Grids yesterday announced that it has been awarded a major order that will help Qatar’s national grid increase the integration of renewable energy from the country’s first large-scale solar power generation project – the 800MW Al Kharsaah photo-voltaic (PV) power plant.
As part of the agreement with PowerChina Guizhou Engi-neering and leveraging its inte-gration capabilities and grid code requirement know-how, Hitachi ABB Power Grids will provide a fully engineered 220kV grid connection solution
that includes detailed engi-neering and equipment, in line with local requirements and standards. This is a fundamental pillar in supporting the cus-tomer to successfully develop the region’s largest solar power infrastructure project for clean energy generation.
Scheduled for partial com-missioning in the second quarter of 2021, Al Kharsaah is key to achieving a carbon neutral power system, by inte-grating renewables as outlined in the Qatar National Vision, whereas the country - by 2030 - aims to advance and sustain its development and provide a high standard of
living for all of its people. “Our pioneering technol-
ogies and global experience will help Qatar to diversify its power generation resources by safely
and securely integrating utility-scale solar power generation into its grid,” said Mostafa Al Guezeri (pictured), Chairman and Managing Director of
Hitachi ABB Power Grids in the GCC.
Al Kharsaah will drive big changes in the region’s elec-tricity sector diversifying Qatar’s energy mix and reducing emis-sions. Hitachi ABB Power Grids will help Qatar in maximising renewable energy penetration and increasing the operational and maintenance efficiency of this ground-breaking project.
Hitachi ABB Power Grids provides fully integrated grid connection solutions to effi-ciently integrate energy from renewable power plants of all types into transmission grids and distribution networks. Sup-ported by deep knowledge of
renewable power generation technology and long experience with grid standards and utility practices around the world, Hitachi ABB Power Grids develops and pioneers solutions based on proven, state-of-the-art technologies that help cus-tomers build the foundations of a renewable energy future.
Video Home gets LG Gulf President’s recognition for exemplary performance
THE PENINSULA — DOHA
The year 2020 with the COVID-19 pandemic posed an unprecedented challenge to the health of both individuals and businesses. It became imperative to explore new ways of doing business to navigate this chal-lenge and meet the commitment to the customers & vendors. Video Home as country’s leading consumer electronics supplier through its innovative and safe working initiatives won many accolades.
In recognition of these efforts the Korean conglomerate LG Electronics, presented a plaque of appreciation to Video Home their sole distributor in Qatar. During the period Video Home worked closely with local hyper-markets and efficiently managed supply chain and various other aspects of business.
All this was done as a responsible corporate entity, social distancing norms were in place and clearly visible signs were put across Video Home offices and other facilities. Ehteraz app was mandatory and regular temperature checks were carried out for staff and
customers alike. Digital payment options were put to use to min-imize human interface.
After sales service has always been the key differentiator for Video Home. Team of techni-cians was trained in manner to provide no contact service to customers in the event of any appliance getting out of order. Despite working with limited strength due to regulations, available resources were deployed in most efficient manner.
Satellite service centers came handy when industrial area service center operations were minimized. With the skilled team based at these service centers all customer service operations were carried out smoothly.
Video Home is a leading dis-tributor of many international and world class brands such as LG, Bosch, Ariston, Indesit, HiKoki , Harman Kardon, JBL, Brother, Kenwood, Blueair, Nutribullet in the country Together with its extensive network of retail stores and service centers spread across Qatar, it is a trusted total solu-tions provider in Qatar
Sajed Jassim Mohammed Sulaiman, Vice-Chairman and Managing Director; C V Rappai, CEO & Director; and Harry Park, General Manager, LG Electronics Qatar, with the plaque of appreciation.
Seashore tees off at ECGC to enhance golfing community THE PENINSULA — DOHA
Seashore Group has entered a partnership agreement with Education City Golf Club (ECGC) to help develop the community of Qatar to engage in healthy golf activity.
Two key initiatives of the partnership will develop golf programs for the youth and lady golfers while focusing on the family unity and connection through sport and activity. Par-ticipation in golf is associated with a wide range of benefits—physical, emotional, social and cognitive—that can last well into adulthood; golf can be played for life. Developing an appreciation for the game at a young age is important and the aim is to build an early com-mitment with the youths of Qatar to play golf.
Seashore will also introduce over 100 new women to golf in
the private coaching area at Education City Golf Club. The aim is to encourage healthy participation in sport and develop a community of women golfers in Qatar. Other
initiatives also will include a family open day at the club to keep the community spirit high through golf activities.
Speaking on behalf of Sea-shore Group Salam Al
Mohannadi, Chairman stated: “Part of our CSR strategy
and commitment to Qatar is to develop women and youth with sport . Starting with golf we feel it will add benefit to the community with the low impact outdoor sport that can be played into adulthood.
Speaking on behalf of Edu-cation City Golf Club, the General Manager Michael Braidwood stated: “Our com-mitment to developing golf amongst the youth and women has been a priority of ours since our infancy. The golf programs we have developed are designed to encourage new golfers and help them quickly progress to playing on a golf course. We are grateful to Seashore for their support and commitment in helping develop the sport of golf here in Qatar.”
Salam Al Mohannadi, Chairman Seashore Qatar, with Michael Braidwood, General Manager of Education City Golf Club.
Yousef Ali Darwish, General Manager of
QNB Group Communications
The strategic initiatives we
have undertaken through 2020
have allowed us to strengthen
our brand and maintain our
ranking as the most valuable
banking brand in the region.
The COVID-19 pandemic
reaffirmed the Group’s s
pioneer approach to cope with
challenges through enhancing
safety measures among
customers, staff and the local
communities .
MEEZA obtains renewal for five ISO certificationsTHE PENINSULA — DOHA
MEEZA, Qatar’s pioneering managed IT services center, has announced that all the recerti-fication and surveillance audits for the year 2020 has been successfully completed for the different ISO standards in support of its robust IT opera-tions.
The recertifications include ISO 27001:2013 for Information Security Management System, ISO 9001:2015 for Quality Man-agement System, ISO 45001:2018 for Occupational Health Safety Management System based on the new Standard requirement and ISO 14001:2015 for Environmental Management System.
The surveillance Audit includes the ISO 20000-1:2011 Service Management. For the purposes of recertification, MEEZA’s systems, processes and services were checked against rigorous ISO standards requirements and evaluation process.
Commenting on the accom-plishment, Eng. Ahmad Abdulla Al-Muslemani, MEEZA CEO stated: “As Qatar’s leading
Managed IT services center, we aspire to bring the best to our clients across Quality, Infor-mation Security, Service Man-agement, Environmental and Occupational Health, Safety Management– all of which begins with compliance and credibility. We continue to maintain best practices in the industry that champion trust within our community, ensuring that data remains in safe hands through our systems and processes, and MEEZA delivers only the best services.
The renewal of our ISO cer-tifications is a reaffirmation of MEEZA’s commitment to always maintaining the highest levels of internationally recognized standards through the years.”
ISO/IEC 27001 specifies the requirements for establishing, implementing, maintaining and continually improving an infor-mation security management system within the context of the organization. It also includes requirements for the assessment and treatment of information security risks tai-lored to the needs of the organization.
ISO/IEC 20000-1 specifies
requirements for an organi-zation to establish, implement, maintain and continually improve a service management system (SMS).
ISO 9001 specifies require-ments for a Quality Management System when an organization needs to demonstrate its ability to consistently provide products and services that meet customer and applicable statutory and regulatory requirements, and aims to enhance customer satisfaction.
ISO 14001 sets out the cri-teria for an environmental management system and can be certified to. It maps out a framework that a company or organization can follow to set up an effective environmental management system.
ISO 45001specifies require-ments for an occupational health and safety (OH&S) man-agement system, and gives guidance for its use, to enable organizations to provide safe and healthy workplaces by pre-venting work-related injury and ill health, as well as by proac-tively improving its OH&S performance.
With MEEZA boasting the
one of the industry’s range of ISO certifications and the renewal of the ISO/IEC27001:2013, MEEZA remains committed to comply with the Information Security Standards and other standards for services and operations for IT Solutions Providers in Qatar and the region. Further to this vision, the entity is underway for com-pletion of the ISO 22301 certi-fication for Business Continuity.
As a Qatar Foundation venture, MEEZA’s renowned end-to-end Managed IT Services and Solutions have been instrumental in supporting the technological advancement in the country. Core to its oper-ations is facilitating businesses with highly secure, optimized virtual environments that ensure the security of confi-dential information. Meeza has supported the technological infrastructure of many leading projects in Qatar through the provision of world-class Managed IT Services and Solu-tions geared at accelerating growth across social and eco-nomic fabric of the country and the region.
FTC says Amazon took $62m in tips from driversAP — NEW YORK
Amazon is paying nearly $62m to settle charges that it took tips from its delivery drivers.
The Federal Trade Com-mission said yesterday that Amazon didn't pass on tips to drivers for more than two years, even though it promised shoppers and drivers it would do so. The FTC said Amazon didn't stop taking the tips until 2019, when the company found out about the FTC's investigation.
"This theft did not go unno-ticed by Amazon’s drivers, many of whom expressed anger and confusion to the company,” said FTC Commis-sioner Rohit Chopra in a statement. "But, rather than coming clean, Amazon took elaborate steps to mislead its drivers and conceal its theft, sending them canned responses that repeated the company’s lies.”
The drivers were part of Amazon's Flex business, which was founded in 2015 and allows people to deliver Amazon
packages with their own cars. The drivers are independent workers, and are not Amazon employees.
The FTC said Amazon at first promised workers that they would be paid $18 to $25 per hour. It also told them they would receive 100 percent of tips given to them by customers on the app.
But in 2016, Amazon started paying drivers a lower hourly rate and used the tips to make up the dif-ference, the complaint said. Amazon didn't disclose the change to drivers, according to the FTC, and the tips it took from drivers amounted to $61.7m.
Seattle-based Amazon.com Inc. said in a statement that the way it reported pay to workers was clear. But the company said it "added additional clarity in 2019" and is "pleased to put this matter behind us.”
The FTC said the money Amazon is paying for the set-tlement will go back to delivery drivers whose tips were taken.
05WEDNESDAY 3 FEBRUARY 2021 BUSINESS
Wall St climbs ahead of Amazon, Alphabet earningsREUTERS — NEW YORK
US stock indexes rose yesterday, building on the previous session’s momentum, as investors anticipated strong results from Amazon and Google-parent Alphabet while also looking for signs of progress on a pandemic relief package.
Alphabet, which will report the cost and operating profit of its Google Cloud business for the first time, added 1.8 percent, while retail behemoth Amazon.com Inc rose 1.6 percent. Shares of both the companies, set to report their fourth-quarter earnings after market close, were among the top boosts to the S&P 500. The NYSE FANG+TM index firmed 1 percent.
Investors are gauging out-looks from big corporations to justify elevated stock market valuations, at a time when con-cerns over a raging pandemic and new coronavirus variants have triggered fears of a short-term pullback in markets.
Meanwhile, the Democratic-led US House of Representatives
prepared to take the first step forward on President Joe Biden’s $1.9 trillion COVID-19 relief package yesterday, with a key vote expected to fast-track the measure through Congress.
“It’s the new president’s first real test – does he want to be seen as reaching across the aisle, or does he actually want to get things done? The markets will be hoping for the latter,” said Connor Campbell, financial
analyst at spreadbetters Spreadex.
Ten of the 11 major S&P sectors advanced, with economy linked energy, financial and industrials gaining the most.
At 9.49am. ET the Dow Jones Industrial Average rose 383.72 points, or 1.27 percent, to 30,595.63, the S&P 500 gained 48.81 points, or 1.29 percent, to 3,822.67 and the Nasdaq Com-posite gained 182.88 points, or
1.36 percent, to 13,586.28.New cases of COVID-19 in
the United States fell for a third week in a row, the first time the country has seen such an extended decline since last September.
The number of people who have received the first dose of a COVID-19 vaccine is fast closing in the total infections across the country, according to US CDC data as of February 1.
“The pandemic news is getting better. The distribution
of vaccines and the pace of vac-cinations is improving,” said John Brady, senior vice president at R J O’Brien & Associates in Chicago.
Wall Street’s fear gauge retreated to near one-week lows as a retail-driven mania for shorted assets showed signs of fizzling out. The so-called “meme” stocks GameStop Corp, AMC Entertainment and Nokia tumbled between 7.3 percent and 45 percent, while miners Hecla Mining Co and Coeur Mining Inc tracked a fall in spot silver prices.
Exxon Mobil Corp posted its first annual loss as a public company after the COVID-19 pandemic hammered energy prices and reduced the value of its shale gas properties by more than $20bn. However, its shares rose 1.5 percent.
Advancing issues outnum-bered decliners by a 2.8-to-1 ratio on the NYSE and by a 2.9-to-1 ratio on the Nasdaq. The S&P 500 posted 13 new 52-week highs and no new lows while the Nasdaq recorded 121 new highs and three new lows.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York.
GameStop drop wipes out two thirds of stock’s meteoric rallyBLOOMBERG
GameStop Corp.’s rally fizzled further in premarket trading, meaning the stock has now given up about 70 percent of the spectacular gains that were fueled by last month’s attack on short sellers from Reddit day traders.
The stock traded at $134 as of 8.30am in New York, that’s about $349 below Thursday’s record intraday peak of $483. The video-game retailer’s market value has dwindled by $24.3bn to $9.4bn in that short space of time, though the stock is still up more than 600
percent year-to-date.GameStop’s retreat has
coincided with a sharp reduction in short interest after bearish investors appeared to cover their positions. That has loosened a squeeze on the stock caused by day traders who used Reddit forums to tout and bid up out-of-favor stocks that also included movie-theater chain AMC Enter-tainment Holdings Inc. and American Airlines Group Inc.
“It looks like the unwind of the short squeeze, where prices will start to reflect economic reality again,” said Maarten Geerdink, head of European
equities at NN Investment Partners.
Other stocks recently favored by the Reddit
community are also rapidly losing steam: AMC slid 33 percent in premarket trading and at $9 is more than 50 percent below last week’s intraday high. Express Inc. declined 22 percent and has lost about 70 percent of its value since peaking on Wednesday.
The declines come as short sellers reduce their interest, having sustained multi-billion dollar losses. The short interest in GameStop shares has tumbled to 36 percent of its freefloat, according to data from IHS Markit.
Yesterday's drop came
despite a loosening of restric-tions on the amount of shares investors can buy using Rob-inhood Markets Inc. On Monday afternoon, the popular trading app started allowing users to purchase up to 20 shares of GameStop, up from a cap of one before the market opened.
The lower number of shares sold short could also deal a blow to day traders’ thesis that a higher stock price would only result in more gains as hedge funds who bet against the Grapevine, Texas-based company would need to cover their shorts.
A file photo of a person walking past a GameStop in New York.
Online shopping
surge delivers
record revenue
for UPS
AP — NEW YORK
A surge in online shopping helped UPS post record revenue during the last three months of 2020. Shares of United Parcel Service Inc. rose 5 percent before the stock market opened yesterday.
UPS and other delivery companies have seen demand spike as more people shop online during the pandemic and avoid going to physical stores. Not only was the Atlanta company working to deliver gifts during the holiday season, but it also started shipping COVID-19 vaccines at the same time. UPS said the daily average number of packages it delivered rose nearly 11 percent during the quarter.
Revenue rose 21 percent to $24.9bn in the three months ending December 31, a record for the company.
Investors are gauging
outlooks from big
corporations to justify
elevated stock market
valuations, at a time when
concerns over a raging
pandemic and new
coronavirus variants have
triggered fears of a
short-term pullback in
markets.
QATAR STOCK EXCHANGE
QE Index 10,517.93 +0.42 %
QE Total Return Index 20,293.37 +0.42 %
QE Al Rayan Islamic
Index - Price 2,398.18 +0.40 %
QE Al Rayan Islamic Index 4,278.29 +0.40 %
QE All Share Index 3,237.40 +0.29 %
QE All Share Banks &
Financial Services 4,219.05 -0.13 %
QE All Share Industrials 3,264.30 +1.33 %
QE All Share Transportation 3,471.64 +0.67 %
QE All Share Real Estate 1,876.87 +1.08 %
QE All Share Insurance 2,451.73 -0.51 %
QE All Share Telecoms 1,147.36 +1.40 %
QE All Share Consumer
Goods & Services 7,953.27 -0.40 %
QE INDICES SUMMARY QE MARKET SUMMARY COMPARISON WORLD STOCK INDICES
GOLD AND SILVER
02-02-2021Index 10,517.93Change +44.34% +0.42%YTD% +0.79Volume 422,402,530.68Value (QAR) 422,402,530.68Trades 10,198Up 24 | Down 19 | Unchanged 06
01-01-2021Index 10,473.59Change 0.09% 0.00%YTD% +0.36Volume 128,668,849Value (QAR) 381,774,338.62Trades 9,406
EXCHANGE RATE
GOLD QR229.00 per grammeSILVER QR3.43 per gramme
Index Day’s Close Pt Chg % Chg Dow Jones Industrial Average 30,786.12 +574.21 +1.90%
S&P 500 3,838.43 +64.57 +1.71%
Nasdaq Composite Index 13,634.09 +230.70 +1.72%
FTSE 100 Index 6,516.65 +50.23 +0.78%
DAX Index 13,835.16 +213.14 +1.56%
CAC 40 Index 5,563.11 +101.43 +1.86%
Nikkei Stock Average 225 28,362.17 +271.12 +0.97%
Hang Seng Index 29,248.70 +355.84 +1.23%
Shanghai Composite Index 3,533.68 +28.40 +0.81%
ASX All Ordinaries Index 7,027.50 -- --%
Currency Selling (QAR) Buying (QAR)
US$ 3.6500 3.6305
Australian Dollar AUD 2.87 2.8
Bangladeshi Taka BDT 0.0455 0.042
Canadian Dollar CAD 2.92 2.85
Euro EUR 4.5 4.4
Indian Rupee INR 0.052 0.05
Japanese Yen JPY 0.0357 0.035
Malaysian Ringgit MYR 0.92 ----
Nepalese Rupee NPR 0.033 0.031
Pakistani Rupee PKR 0.02326 0.02273
Philippine Peso PHP 0.0785 0.076
Pound Sterling GBP 5.08 5
Singapore Dollar SGD 2.77 2.7
South African Rand ZAR 0.243 0.232
Sri Lankan Rupee LKR 0.0197 0.0185
Swiss Franc CHF 4.18 4.1
Turkish Lira TRY 0.5
QNBK - QNB 17.50 17.60 17.41 17.60 50,000 17.48 17.45 71,872 17.45 17.45 -0.05 -0.29 1,351 2,710,838 47,490,748.72
QIBK - Qatar Islamic Bank 16.90 16.90 16.90 17.06 34,050 17.0 16.9 15,126 16.90 16.90 0.00 0.00 343 1,063,198 18,058,775.25
CBQK - Comm. Bank of Qatar 4.281 4.22 4.22 4.31 8,214 4.31 4.3 78,000 4.30 4.300 +0.02 +0.44 272 3,610,558 15,532,455.30
DHBK - Doha Bank 2.281 2.282 2.282 2.347 5,480 2.338 2.291 44,043 2.291 2.291 +0.010 +0.44 66 1,028,847 2,402,834.185
ABQK - Ahli Bank 3.60 3.63 3.63 3.63 4,000 3.64 3.62 90 3.63 0.00 +0.03 +0.83 2 5,000 18,150.00
QIIK - Intl. Islamic Bank 8.915 8.959 8.839 8.960 6,127 8.946 8.839 643,043 8.839 8.839 -0.076 -0.85 159 579,980 5,160,730.974
MARK - Rayan 4.38 4.383 4.378 4.424 700 4.397 4.388 50,184 4.388 4.388 +0.008 +0.18 742 3,020,377 13,262,509.695
KCBK - Al khalij Commercial Bank 2.05 2.01 2.010 2.042 112,327 2.019 2.017 21,991 2.019 0.00 -0.031 -1.51 238 10,473,233 21,157,743.886
QFBQ - Qatar First Bank (QFC) 1.80 1.792 1.791 1.849 19,500 1.845 1.841 33,205,276 1.841 1.841 +0.041 +2.28 459 27,403,803 50,213,274.967
QETF - QE Index ETF 10.303 10.375 10.350 10.375 0 0.0 0.0 0 10.372 10.352 +0.069 +0.67 6 35,580 368,392.350
QATR - Al Rayan Qatar ETF 2.367 2.399 2.381 2.404 5,000 2.389 2.388 8,200 2.389 2.39 +0.022 +0.93 45 380,326 910,057.746
QATI - Qatar Insurance 2.404 2.42 2.36 2.42 2,218 2.4 2.39 48,925 2.40 2.40 -0.00 -0.17 31 220,567 527,832.69
DOHI - Doha Insurance 1.572 1.56 1.56 1.60 10,000 1.561 1.555 17,500 1.56 1.56 -0.01 -0.76 12 112,625 175,803.10
QLMI - QLM 3.82 3.820 3.820 3.887 260,000 3.879 3.87 7,400 3.879 3.88 +0.059 +1.54 230 2,225,318 8,570,848.758
QGRI - General Insurance 2.549 0.000 0.000 0.000 1,338 2.545 2.42 3,530 2.549 0.000 0.000 0.00 0 0 0.000
AKHI - Alkhaleej Takaful 2.75 2.721 2.670 2.730 12,000 2.696 2.678 21,157 2.678 2.678 -0.072 -2.62 108 1,562,085 4,212,061.817
QISI - Islamic Insurance 6.885 6.885 6.61 6.88 2,222 6.885 6.706 5,500 6.70 0.000 -0.18 -2.69 11 27,005 181,560.56
QAMC - QAMCO 0.943 0.94 0.94 0.95 70,936 0.942 0.94 97,285 0.94 0.94 -0.00 -0.32 147 5,082,227 4,777,119.64
QIMD - Ind. Manf. Co. 3.02 3.020 2.961 3.090 2,000 3.0 2.961 31,000 2.961 2.96 -0.059 -1.95 7 14,466 43,719.056
QNCD - National Cement Co. 4.474 4.500 4.496 4.556 21,208 4.55 4.508 3,085 4.508 4.508 +0.034 +0.76 143 1,381,571 6,245,341.227
ZHCD - Zad Holding Company 15.00 15.00 15.00 15.00 1,000 14.99 14.8 28 15.00 0.00 0.00 0.00 5 11,028 165,420.00
IQCD - Industries Qatar 11.91 12.00 12.00 12.20 3,351 12.18 12.17 100 12.17 12.17 +0.26 +2.18 351 1,207,690 14,684,720.41
UDCD - United Dev. Company 1.565 1.57 1.57 1.57 30,000 1.573 1.57 444,523 1.57 1.57 0.00 +0.32 213 2,027,656 3,186,204.46
QGMD - Qatar German Co. Med 3.268 3.29 3.25 3.30 5,000 3.275 3.26 321,787 3.26 3.260 -0.01 -0.24 139 3,570,942 11,653,696.59
QIGD - The Investors 1.887 1.946 1.913 1.995 53,170 1.93 1.922 51,876 1.922 1.922 +0.035 +1.85 474 8,589,640 16,782,850.894
ORDS - Ooredoo 8.468 8.49 8.49 8.58 5,000 8.59 8.58 47,539 8.58 8.580 +0.11 +1.32 404 1,036,859 8,846,467.05
QEWS - Electricity & Water 17.80 17.99 17.80 18.01 2,179 17.99 17.98 32,646 17.98 17.98 +0.18 +1.01 180 335,682 6,024,864.79
SIIS - Salam International 0.64 0.64 0.64 0.65 50,000 0.643 0.64 720,057 0.64 0.64 0.00 0.00 124 10,478,252 6,734,046.69
BLDN - Baladna 1.791 1.785 1.778 1.795 11,450 1.785 1.781 5,279 1.781 1.781 -0.010 -0.56 158 1,900,068 3,385,343.074
NLCS - National Leasing 1.215 1.223 1.210 1.225 315,898 1.215 1.213 37,500 1.215 1.215 0.000 0.00 132 4,139,209 5,030,994.825
QNNS - Qatar Navigation 7.478 7.50 7.50 7.70 3,302 7.51 7.41 20,000 7.51 7.51 +0.03 +0.43 158 1,193,206 8,962,694.48
MCGS - Medicare 8.70 8.617 8.62 8.74 3,000 8.75 8.7 431 8.70 0.00 0.00 0.00 26 48,895 425,431.30
QCFS - Cinema 3.876 3.87 3.87 3.87 9,842 3.849 3.701 50 3.87 0.000 -0.01 -0.15 1 500 1,935.00
QFLS - Qatar Fuel 18.15 18.29 18.00 18.29 2,972 18.15 18.0 13,725 18.00 18.00 -0.15 -0.83 198 521,257 9,457,115.82
WDAM - Widam 6.041 6.03 6.03 6.20 3,600 6.19 6.151 10,000 6.19 6.19 +0.15 +2.47 55 369,267 2,260,106.81
GWCS - Gulf warehousing Co 5.205 5.21 5.20 5.21 3,200 5.209 5.15 5,000 5.20 5.20 -0.00 -0.10 81 490,791 2,554,585.84
QGTS - Nakilat 3.319 3.37 3.30 3.37 131,955 3.35 3.335 5,000 3.35 3.350 +0.03 +0.93 241 1,944,684 6,485,110.33
DBIS - Dlala 1.80 1.81 1.81 1.91 10,000 1.875 1.86 302,420 1.86 1.860 +0.06 +3.33 508 7,814,999 14,666,053.46
BRES - Barwa 3.299 3.300 3.300 3.374 15,000 3.366 3.352 56,672 3.352 3.352 +0.053 +1.61 338 4,673,939 15,585,543.436
MCCS - Mannai Corp. 2.982 2.995 2.980 3.022 4,999 3.007 2.955 8,100 3.009 0.000 +0.027 +0.91 49 180,208 539,280.395
AHCS - Aamal 0.866 0.87 0.85 0.87 379,310 0.86 0.856 15,589 0.86 0.86 -0.01 -0.69 162 5,790,546 4,978,679.53
QOIS - Qatar Oman 0.86 0.86 0.842 0.870 29,230 0.853 0.846 30,820 0.845 0.000 -0.015 -1.74 58 1,552,153 1,321,037.967
ERES - Ezdan Holding 1.722 1.735 1.725 1.769 45,689 1.756 1.753 148,271 1.753 1.753 +0.031 +1.80 449 15,504,254 27,193,836.034
IHGS - Inma 5.41 5.35 5.34 5.46 141,688 5.4 5.343 10,863 5.40 5.400 -0.01 -0.18 138 1,084,367 5,825,723.78
GISS - Gulf International 1.60 1.60 1.59 1.63 9,106 1.61 1.6 10,000 1.61 0.00 +0.01 +0.62 154 5,500,207 8,821,786.30
MPHC - Mesaieed 1.977 1.990 1.970 1.998 5,493 1.98 1.976 10,000 1.976 1.976 -0.001 -0.05 250 2,599,560 5,150,971.813
IGRD - Investment Holding 0.549 0.551 0.547 0.556 175,000 0.557 0.556 6,608,597 0.556 0.556 +0.007 +1.27 236 19,974,167 11,023,843.331
VFQS - Vodafone Qatar 1.473 1.475 1.475 1.515 8,000 1.499 1.497 54,696 1.497 1.497 +0.024 +1.63 204 5,959,855 8,916,357.740
MERS - Al Meera 20.00 20.00 19.94 20.40 550 20.1 19.95 2,612 20.00 0.00 0.00 0.00 69 125,410 2,508,216.09
MRDS - Mazaya 1.253 1.26 1.25 1.27 9,549 1.254 1.25 1,270,292 1.25 1.250 -0.00 -0.24 251 7,699,124 9,661,304.58
