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FINANCIAL NEWS
Qatari firms predict to increase in Q4
12 Jan 2016
(MENAFN) The salaries of Qatari firms are predicted to grow by 4 percent yearly for the fourth quarter of last year, and Ooredoo is expected to reach a net income of USD 143.03mn.
Furthermore, QNB’s revenues are predicted to increase by 12 percent, whereas incomes of Industries Qatar (IQ) are estimated at USD 0.31bn, and commodity chemical prices to affect IQ’s earnings.
Additionally, Qatar Electricity and Water’s income is expected to grow by 7 percent to USD 105.01mn, while Qatar Navigation 4th quarter profit predicted to touch USD 65.08mn.
UAE firms are forecasted to weigh down as Telecoms and Real estate firms remove collective Bank’s income growth, Etisalat’s net revenue predicted to contract by 11 percent.
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