Qatar fails to get excited by earnings as market falls



Qatar's market slumped after earnings releases failed to excite local investors, fearful of growing tensions surrounding the European sovereign debt crisis.

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Qatar National Cement reported profits of 329 million Qatari riyals for the first nine months of the year, a 12.9 per cent decrease on last year. Qatar General Insurance also reported nine-month profit up 13 per cent on a year earlier at 89.7m riyals.

The QE Index fell 0.4 per cent to 8,342.88 amid a broader malaise affecting Gulf markets in early trading.

Stocks on the Dubai Financial Market were little changed at 1,362.22, while the Abu Dhabi Securities Exchange General Index rose 0.2 per cent to 2,451.80.

Abu Dhabi Commercial Bank was the biggest gainer on the capital's index, with stocks rising 2.9 per cent to Dh2.84 each.

Aldar Properties and Emaar Properties also rose, though stocks in the Dubai Financial Market, the UAE's only listed exchange, fell 0.2 per cent amid a prolonged drought in market activity.

Asian stocks fell in the early hours of the morning, with the Hang Seng Index losing 2.4 per cent to 17,868.46. Japan's Nikkei 225 index slid 1 per cent to 8,682.15.

European stocks have opened lower, as bickering amongst eurozone nations threatens to derail efforts to tackle the 17-member currency bloc's sovereign debt crisis.

Nervousness about global growth sent oil prices falling, with Brent futures losing 36 cents to $109.29 per contract.

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
'Morbius'

Director: Daniel Espinosa 

Stars: Jared Leto, Matt Smith, Adria Arjona

Rating: 2/5

EA Sports FC 25
A timeline of the Historical Dictionary of the Arabic Language
  • 2018: Formal work begins
  • November 2021: First 17 volumes launched 
  • November 2022: Additional 19 volumes released
  • October 2023: Another 31 volumes released
  • November 2024: All 127 volumes completed
COMPANY%20PROFILE
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How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Ipaf in numbers

Established: 2008

Prize money:  $50,000 (Dh183,650) for winners and $10,000 for those on the shortlist.

Winning novels: 13

Shortlisted novels: 66

Longlisted novels: 111

Total number of novels submitted: 1,780

Novels translated internationally: 66

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