Emirates News

Washington, HE Minister of Finance Ali bin Ahmed Al Kuwari met in Washington with CEO of JPMorgan Chase Jamie Dimon.

The meeting discussed aspects of cooperation between the two countries and the prospects for strengthening and developing them, especially in the fields of investment, finance and economics, in addition to a number of topics of mutual interest.

Source: Qatar News Agency

Doha: Gulf Warehousing Company’s net profit for the three-month period ending March 31, 2024 decreased by 17 percent to QR 50.9 million in comparison to net profit QR 61.5 million for the same period of the previous year.

The company’s financial statement posted on Qatar Stock Exchange website said that its Earnings per Share (EPS) amounted to QR 0.087 versus Earnings per Share (EPS) QR 0.105 for the same period in 2023.

Source: Qatar News Agency

New York: HE Minister of Finance Ali bin Ahmed Al Kuwari held a meeting with HE President of Economic and Social Council of the UN Paula Narvaez .This was during his last visit to the friendly United States of America.

During the meeting, a wide range of topics pertaining to common interests were discussed, with particular attention paid to the financial and international development work. Both parties were involved in a dialogue concerning possible approaches to enhancing the effectiveness of the joint efforts and promoting mutual benefits.

Source: Qatar News Agency

Doha: Qatar Electricity and Water Company (QEWC) recorded a net profits of QR 318 million in the first quarter of 2024, compared to QR 401 million for the same period in 2023, a 21 percent decrease.

The company stated that the earnings per share for the first quarter of 2024 amounted to QR 0.29, compared to QR 0.36 for the same quarter of 2023.

The company’s revenues for the first quarter reached QR 687 million, compared to QR 658 million for the same period in 2023, representing a 4 percent increase.

QEWC enjoys excellent financial status according to Moody’s, with a strong credit rating of ‘A1’ and a stable outlook.

QEWC was established in 1990 with a capital of QR 1 billion and is listed on the Qatar Stock Exchange.

Source: Qatar News Agency

Doha: Commercial Bank’s Net Profit jumped by 38.8 percent in the first quarter of 2024 to reach QR 801.6 million compared to a Net Profit of QR 577.2 million for the same period of the previous year.

The financial statement issued today by Commercial Bank and published on the Qatar Stock Exchange website indicate that the Earnings per Share (EPS) amount to QR 0.20, compared to Earnings per Share (EPS) of QR 0.14 for the same period in 2023.

Source: Qatar News Agency