Complex Made Simple

Qatar companies shine

The 31 companies listed on the Doha Securities Market have reported combined profits of over $1.37bn for the first half of 2005, a 30% increase over the corresponding period last year, according to a DSM statement. Industries Qatar was in top position with a profit of $420m, followed by Qatar National Bank at $194m. But Qatar Telecom's profits dipped 30% to $143.6m owing to a first time royalty payment to the Qatar government.