Food delivery company talabat said on Monday that it has resumed services in Qatar after it was temporarily suspended last week by the Ministry of Commerce and Industry for providing "false and misleading" information to customers.
The company, which was subject to a "temporary administrative closure" from September 10, has worked closely with authorities throughout the process and implemented internal measures and product enhancements, it said in a statement to the Dubai Financial Market, where its shares trade.
Talabat has assessed the direct financial impact of the temporary closure and determined it to be immaterial, it said. It will continue to monitor and evaluate any potential indirect financial implications that may arise over time.
"Talabat remains committed to supporting its customers, partners and riders, and is proactively working to address any impacts from this temporary disruption of service," it added.
Qatar's Ministry of Commerce and Industry had ordered the platform's closure for a week after finding the company in violation of the law on consumer protection and its executive regulations.
"The decision was made due to repeated violations and multiple substantiated complaints against the company, including the display or description of goods with false or misleading information, which deceived consumers and unlawfully obtained their money, as well as failure to provide guaranteed service," the ministry said last week.
The practices "constitute an infringement of consumer rights", it added.
The ministry said the move was part of its continuing efforts to strengthen market oversight and ensure regulatory compliance by service providers. It stressed that it will not tolerate any violations that may harm consumer rights or negatively affect the business environment in the country.
Founded in 2004, talabat offers on-demand delivery of food, groceries, and other products from restaurants and retailers in the UAE, Kuwait, Qatar, Egypt, Bahrain, Oman, Jordan and Iraq.
A subsidiary of Germany's food delivery platform Delivery Hero, talabat raised Dh7.5 billion ($2.04 billion) through its initial public offering on the DFM in December. In March, talabat also completed the acquisition of Dubai-based grocery platform instashop from Delivery Hero for $32 million under a common control transaction.
Talabat reported 35 per cent revenue growth annually in the second quarter to $982 million, with net income up 33 per cent to $119 million. Gross merchandise value (GMV), a key metric which refers to the total value of good sold through the platform, grew 32 per cent annually in the April to June period to reach $2.4 million. The results came on the back of double-digit growth in its core Gulf market and food vertical, and faster growth in non-Gulf markets, talabat said.
About Karol Nawrocki
• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.
• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.
• Cultivates tough-guy image, posting videos of himself at shooting ranges and in boxing rings.
• Met Donald Trump at the White House and received his backing.
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Why it pays to compare
A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.
Route 1: bank transfer
The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.
Total cost: Dh567.25 - around 2.9 per cent of the total amount
Total received: €4,670.30
Route 2: online platform
The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.
Total cost: Dh74.10, around 0.4 per cent of the transaction
Total received: €4,756
The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.
Ms Yang's top tips for parents new to the UAE
- Join parent networks
- Look beyond school fees
- Keep an open mind
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Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
What are the influencer academy modules?
- Mastery of audio-visual content creation.
- Cinematography, shots and movement.
- All aspects of post-production.
- Emerging technologies and VFX with AI and CGI.
- Understanding of marketing objectives and audience engagement.
- Tourism industry knowledge.
- Professional ethics.
Company%20Profile
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
MATCH INFO
Barcelona 4 (Suarez 27', Vidal 32', Dembele 35', Messi 78')
Sevilla 0
Red cards: Ronald Araujo, Ousmane Dembele (Barcelona)
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
Soldier F
“I was in complete disgust at the fact that only one person was to be charged for Bloody Sunday.
“Somebody later said to me, 'you just watch - they'll drop the charge against him'. And sure enough, the charges against Soldier F would go on to be dropped.
“It's pretty hard to think that 50 years on, the State is still covering up for what happened on Bloody Sunday.”
Jimmy Duddy, nephew of John Johnson
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