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Fitch Affirms Qatar Islamic Bank at ‘A’; Outlook Stable

Doha: Global Credit rating agency “Fitch Ratings” has affirmed Qatar Islamic Bank (Q.P.S.C)’s (QIB) Long-Term Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook.

QIB’s Viability Rating (VR) reflects the bank’s high exposure to Qatar’s operating…

Portuguese Lucas Joao Departures Umm Salal SC

Doha: Umm Salal SC announced the departure of Portuguese footballer Lucas Joao following the end of his contract on June 30.

Joao leaves Umm Salal SC after only a short period of experience with the team. He was transferred during the winter 2023/24 …

QMMF President Elected to FIA Foundation Board of Trustees

Doha: July 01 – President of the Qatar Motor and Motorcycle Federation (QMMF) and Lusail International Circuit (LIC) Abdulrahman bin Abdullatif Al Mannai was elected as Trustee of the Board of Federation Internationale de l’Automobile (FIA).

Al Manna…

Oil Holds Near Two-Month High on Higher Demand Outlook

Singapore, Oil prices were little changed on Tuesday, holding near the two-month highs reached in the previous session, on expectations for rising fuel demand from the summer travel season and possible US interest rate cuts that could boost economic g…

Oil prices closed approximately 2 % higher at settlement

Oil prices closed, Monday, up about two percent at settlement, recording the highest level in two months, amid expectations of increased demand during the peak summer travel season in the Northern Hemisphere.

Brent crude futures rose $1.60, or 1.9 %,…

Turkish President receives Saudi Defense Minister

Istanbul Turkish President Recep Tayyip Erdogan received today, Tuesday, Saudi Defense Minister Khalid bin Salman Al Saud.

The Communications Department of the Turkish Presidency did not issue any content about the content of the meeting, which was a…

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