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Business

Qatar Cinema Reports 9.06% Decline in First Quarter Profits

Doha: The net profit of Qatar Cinema and Film Distribution declined by 9.06 percent in the first quarter of 2026 to reach QR 1.849 million, compared to QR 2.033 million in the same period of 2025. This financial downturn has been detailed in the compa…

Oil Rises 3% at Settlement Following Strait of Hormuz Closure

Doha: Oil prices rose by more than 3 percent at settlement today, as concerns persisted over tight supply following the closure of the Strait of Hormuz. Brent crude futures for June delivery increased by $3.03, or 2.8 percent, to settle at $111.26 per…