Qatar Business

Doha: The price of gold in the Qatari market rose by 2.03 percent during the current week, reaching USD 2942.71000 per ounce, according to data issued by Qatar National Bank (QNB). The data showed that the price of gold rose from USD 2884.01000 per ounce recorded last Sunday. The data also showed changes in other precious metals on a weekly basis. Silver prices rose by 2.18 percent to USD 32.87000 per ounce, up from USD 32.16960 recorded on Sunday, while platinum prices fell by 0.37 percent to USD 980.35000 per ounce, compared to USD 984.05000 per ounce at the beginning of the week.

World Business

Mexico City: Netflix said Thursday that it would spend $1 billion over four years producing content in Mexico, in a boost to the government's efforts to attract investment in the face of US tariff threats. The streaming platform's co-chief executive Ted Sarandos made the announcement at a news conference alongside Mexican President Claudia Sheinbaum, who hailed the plan as a win for Latin America's second-largest economy. "Mexico is so great that they decided to invest here," she said. It comes days after Sheinbaum welcomed announced investments by Spain's biggest bank, Santander, totaling more than $2 billion over three years. Last month, Sheinbaum presented a plan aimed at turning Mexico into the world's 10th-largest economy with an ambitious goal of luring $277 billion of investment. Her government is trying to avoid the sweeping 25-percent tariffs threatened by US President Donald Trump by increasing cooperation in the fight against illegal flows of drugs and migrants.

Qatar Business

Doha, Qatar: As Qatar emerges as a technology hub in the MENA region, Doha-based AST LLC, operating as Gem Soft, is set to present its Gem Team corporate messenger at Web Summit Qatar, which will be held from February 23 to 26. Gem Team is designed to transform business communication with a strong emphasis on security and efficiency. More than just messaging, Gem Team offers a comprehensive communication ecosystem for enterprises. It features secure messaging, video conferencing, and employee profiles, all fortified with post-quantum encryption. This robust security ensures businesses in Qatar and MENA can communicate with confidence and be protected from advanced cyber threats. Gem Team’s customizable security levels address diverse organizational needs. Beyond security, Gem Team boosts efficiency through potential AI integration, including voice assistants and chatbots, enhancing workflow automation. Gem Soft’s experienced Eurasian development team ensures ongoing innovation and responsive support. Gem Soft highlights its alignment with Qatar National Vision 2030, contributing to digital transformation and economic diversification. "Our solutions enhance efficiency, security, and innovation, supporting Qatar’s technology ambitions," a company spokesperson Michael Jordan stated. Demonstrating its commitment to Qatar, Gem Soft offers full-scale platform testing for interested companies. AST LLC will provide a turnkey service, handling deployment and maintenance on local servers until handover to the client. This localized, hassle-free approach emphasizes Gem Soft's dedication to Qatari partnerships. Gem Soft invites businesses to Web Summit Qatar to explore Gem Team and discover how it can upgrade its communication infrastructure with a secure, efficient, and innovative platform tailored to Qatar's modern business landscape and the wider MENA region.