Qatar Business

Doha:Qatar Central Bank issued bills worth QR 2.9 billion that mature in 7, 21, 84, 175, 273, and 336 days. QCB said in a post on X that the bills came as follows: QR 500 million maturing in 7 days at an interest rate of 4.61 percent, QR 500 million maturing in 21 days at an interest rate of 4.618 percent, QR 500 million maturing in 84 days at an interest rate of 4.556 percent, QR 500 million maturing in 175 days at an interest rate of 4.367 percent, QR 500 million at an interest rate of 4.265 percent maturing in 273 days, and QR 400 million maturing in 336 days at an interest rate of 4.237 percent. The bills with a 7-day and 273-day maturity were new issuance, while the bills with a 21-day, 84-day, 175-day, and 336-day maturity were a tap issuance.

World Business

Tokyo:Japan's Toyota Motor Corp. said Thursday it expects a 34.9 percent year-on-year drop in net profit for fiscal 2025 to 3.1 trillion yen (about 21.6 billion U.S. dollars), due to U.S. higher tariffs and a stronger yen. Its operating profit is projected at 3.8 trillion yen for the current business year through next March, down 20.8 percent from fiscal 2024, on estimated record sales of 48.5 trillion yen, up 1.0 percent, Toyota said. For the business year ending in March, the Japanese automaker logged a net profit of 4.77 trillion yen, down 3.6 percent from a year earlier, on record sales of 48.04 trillion yen, up 6.5 percent. "The estimated impact of U.S. tariffs in April and May 2025 have been tentatively factored in," the world's top-selling automaker said in a statement, noting its operating profit would be reduced by 180 billion yen over the two months through May. "It is still extremely difficult to forecast the outlook, as the details of the tariffs remain fluid," Toyota President and CEO Koji Sato said at a press conference. Toyota exports around 500,000 vehicles annually to the United States from Japan, Sato said, indicating cars originally bound for the U.S. may be shipped elsewhere. "So in the short-term we are adjusting shipments ... while in the medium to long term, we will pursue the local development of products that suit local customers," Sato added. Meanwhile, the yen's appreciation against the U.S. dollar is another factor weighing on the forecast. For fiscal 2025, the yen's appreciation is estimated to cut Toyota's operating profit by 745 billion yen.

Qatar Business

Doha: The price of goldin the Qatari market rose by 4.86 percent during the current week, reaching USD 3,399.30 per ounce, according to data issued by Qatar National Bank (QNB). The data also showed a rise in the prices of other precious metals. Silver increased by 2.84 percent to USD 32.94 per ounce, up from USD 32.03 at the beginning of the week. Platinum rose by 2.33 percent, reaching USD 990.05 per ounce, compared to USD 967.55 on Sunday. Read Also Qatar Central Bank maintains current interest rates Qatar Central Bankforeign reserves grow 3.58% in April 2025