18 Jan 2021 - 8:19
The Peninsula
Doha: Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani, Chairman of Qatar Islamic Bank (QIB) announced yesterday that QIB has achieved net profit attributable to shareholders of QR3.065bn for the fiscal year 2020 compared to QR3.055bn for the year 2019, despite the impact of COVID-19 and the decline in oil prices. The Bank maintained the basic earnings per share at QR1.21.
QIB Board of Directors proposed a dividend distribution to shareholders of QR0.40 per share i.e. 40 percent of the nominal share value, subject to approval of Qatar Central Bank and QIB’s General Assembly.
Asia stocks boosted by Wall Street
January 13, 2021SharePrint
Wall Street comeback lifts Asian equities
The range-trading nature of this week saw Wall Street rise modestly overnight, mostly because US yields remained unchanged. There is nervousness out there in the equity markets, with its stretched valuations on traditional methodologies. Three Federal Reserve officials spoke overnight, and from what I can tell, all were very dovish. All were optimistic for an acceleration of the US recovery in the second half of the year, and all appeared comfortable with rising inflation.
The S&P 500 rose 0.12%, the Nasdaq rose 0.32%, and the Dow Jones rose 0.19%. With the White House quiet and a modest data calendar, that has been enough to greenlight a rally in Asian equities today.
Asia stock markets slightly higher
January 11, 2021SharePrint
Equity markets paint a mixed picture
Asian markets had a positive start this morning, but those rallies have quickly given most of those gains back after the US said its ambassador to the UN would meet with Taiwan’s President.
Another item garnering market attention was President-elect Biden signalling his intention to spend “trillions of dollars”, notably increasing direct payments to American taxpayers to USD2000.00. As I have touched on previously, the Byrd Rule will make that harder than the markets want to acknowledge unless the Democrats can muster 60 votes in the Senate. Not least because some of the Democrats Senators themselves are very much more to the centre-right of the political spectrum.
Karnataka govt taking precautionary measures against new Covid-19 strain: CM
News Network
December 22, 2020
Bengaluru, Dec 22: Karnataka Chief Minister B S Yeddiyurappa on Tuesday said all precautionary measures against the backdrop of the new strain Covid-19 are being ensured in the state.
Speaking to newsmen here he said since that people are scared of new strain of Covid-19, an alert has been issued across the state asking them not to worry. One person in Chennai has already been affected by the new virus, hence the state government is taking stringent precautionary measures.
He also said that any person arriving in the airport should first undergo a test. Prime Minister Narendra Modi has already cautioned the country about it. The state government will make necessary efforts not to spread virus, he added.
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