Most major Gulf stock markets fell on Sunday, led by the Abu Dhabi bourse, while Saudi Arabia closed higher supported by gains in telecom and healthcare shares.
WOQOD alerts against fake message about distribution of prizes
25 Apr 2021 - 21:49
The Peninsula Online
Doha: In a message posted on Twitter, Qatar Fuel (WOQOD) alerted its customers against false message spreading in social media regarding distribution of prizes on the occasion of its 50th anniversary. In the same post, WOQOD clarified that these messages are ‘completely untrue’. Qatar Fuel (WOQOD) would like to draw your attention to the spread of fraudulent messages through social media, falsely claiming that WOQOD is distributing prizes on the occasion of its 50th anniversary, which is completely untrue, WOQOD said in the tweet.
It also warned its customers against being deceived by these messages. It also advised to delete these messages as soon as they are received.
Middle EastMIDEAST STOCKS Q1 earnings boost most Gulf markets; Egypt retreats
Ateeq Shariff
3 minutes read
Most Gulf stock markets ended higher on Thursday, led by a slew of corporate earnings, while Egypt was hit by a blue-chip sell-off.
Saudi Arabia s benchmark index (.TASI) closed up 0.4%, with Al Rajhi Bank (1120.SE) rising 0.8%, extending gains from the previous session when it reported first-quarter earnings.
The kingdom s biggest Islamic lender said net profit in the three months ended March 31 rose to 3.34 billion riyals ($891 million). It made a net profit of 2.38 billion riyals in the same period a year earlier.
Elsewhere, Saudi Telecom (7010.SE), which reported a larger net profit for the first-quarter, finished 1% higher.
Woqod opens new Ras Laffan petrol station
18 Apr 2021 - 14:29
The Peninsula
Doha: As part of Woqod s ongoing expansion plans to be able to serve every area in Qatar, Qatar Fuel WOQOD opened Ras Laffan petrol station, at Ras Laffan Industrial City, on Sunday, April 18, raising its network of petrol stations to 107.
Woqod s Managing Director & CEO, Saad Rashid Al Muhannadi, said, We are pleased to open a new petrol station in Ras Laffan Industrial City, Woqod aspires to expand its petrol station network in the country to meet the rising demand for petroleum products and achieve the goal of providing customers with access to best-in-class products and services at their convenience and comfort. WOQOD team would like to extend their gratitude to all concerned governmental and private entities that contributed to the completion of this project.