Monday , December 16 2019
Breaking News


Qatar and Russia to boost economic, trade cooperation

DOHA: H E Ali bin Ahmed Al Kuwari, Minister of Commerce and Industry has stressed the need for expanding the Qatar-Russia joint partnerships to wider areas of public and private sectors to further stimulate bilateral trade and investments. Co-chairing the Fourth Session of Russian-Qatari Joint Committee for Economic, Trade and Technical Cooperation held in Moscow, Russia, with Alexander Novak, Minister ... Read More »

Qatari startup raises QR9m Series A funding

Qatar-based Meddy, a doctor booking platform, has raised QR 9 Million in a Series A round to scale up its operations and expand into other GCC countries. The Series A funding round was led by New York-based Modus Capital, along with participation from 212 Capital, Qatar Science & Technology Park (QSTP), Kasamar Holdings, Dharmendra Ghai (Health Tech Angel), Innoway and ... Read More »

Qatar Airways to launch direct flights to Botswana

Qatar Airways (QA) will launch its inaugural flight to Gaborone, the capital city of Botswana on December 15, making it the first Middle Eastern airline to fly directly into the country, a QA official announced yesterday. “The launch of this new route will further strengthen the ties between Qatar and Botswana, building on an already existing and flourishing relationship between ... Read More »

Qatar-Pakistan trade gains momentum

DOHA: H E Ali bin Ahmed Al-Kuwari, Minister of Commerce and Industry, and Omar Ayub Khan, Pakistan’s Federal Minister for Power, Petroleum and Natural Resources, chaired the fifth session of the Qatari-Pakistani Joint Ministerial Committee for Trade and Technical Cooperation, which was held in Doha on November 4-5. Discussions touched on the promotion of bilateral cooperation across various sectors of ... Read More »

Qatar-Italy trade up 16%: QC Chairman

Qatar Chamber Chairman Sheikh Khalifa bin Jassim Al Thani said Qatar and Italy enjoy strong relations covering most aspects of bilateral cooperation and noted that their trade volume touched €2.8bn last year, registering a jump of 16 percent compared to €2.4bn for 2017. Speaking on the sidelines of the Arab-Italian Business Forum held in Milan with strategic partnership with Qatar ... Read More »

Qatar Airways touches down in Langkawi

LANGKAWI: Qatar Airways’ maiden flight to Langkawi from Doha has today arrived at the Langkawi International Airport at 4.20pm. Operated by Qatar Airways’ Boeing 787-8 Dreamliner, the flight arrival was greeted by the Qatari ambassador to Malaysia Fahad Mohammed Kafoud, Malaysia Airports Holdings Bhd (MAHB) chief operating officer Datuk Mohd Shukrie Mohd Salleh, Langkawi Development Authority chief executive officer Dr. ... Read More »

QNB outperforms global peers in ESG ranking

QNB, the largest financial institution in the Middle East and Africa, has emerged numero uno in the MSCI ESG ranking, out performing the world’s top 10 Big Banks. The global index provider MSCI’s ESG rating history of QNB shows that the bank’s rating grew steadily from “BB” in October 2015 to “BBB” through September 2016 and September 2018 hitting the ... Read More »

Guyana signs agreement with Qatar Airways

GEORGETOWN: The governments of Guyana and Qatar have signed an agreement that will see Qatar Airways beginning passenger and cargo flights to Guyana. The agreement was recently signed in Qatar, between the Qatar Civil Aviation Authority and the Guyana Civil Aviation Authority. According to a statement, the agreement will permit Qatar’s national carrier Qatar Airways to operate any number of ... Read More »

Qatari investors invited to explore opportunities in Somalia

Doha: Qatar Chamber’s First Vice-Chairman, Mohamed bin Ahmed bin Towar Al Kuwari, met with Sadik Hiris Warfa, Somalia’s Minister of Labour and Social Affairs, yesterday and discussed ways to enhance bilateral co-operation between both countries. The Ambassador of Somalia to Qatar, Adbul Razzaq Farah Ali, attended the meeting. Bin Towar stressed that Qatari private sector highly welcomes enhancing cooperation with ... Read More »

Qatar Airways’ fleet grew 57% since 2014-15

Qatar Airways’ fleet size has grown by 57 percent, driven by its aggressive global expansion plan. Its fleet has grown from 159 aircraft in 2014-15 to 250 aircraft as of March 21 this year. It has been a tremendous journey for Qatar Airways Group, which had just four aircraft 20 years ago. Its fleet is made up of 203 passenger ... Read More »

Qatar Airways wins global awards for good customer service

Qatar Airways last Tuesday won major global awards at the 2020 Airline Passenger Experience Association’s (APEX) Passenger Choice Awards in Los Angeles. The airline won three awards for Best Seat Comfort, Best Cabin Service and Best Food & Beverage and was also named ‘2020 Five Star Global Airline’ in the APEX Official Airline Ratings. The Middle East country received thumbs ... Read More »

QCB’s total assets grow by 23.7% to QR233bn

The Qatar Central Bank’s (QCB) total assets increased by a significant 23.7 percent to QR233bn at the end of 2018, compared with QR188.4bn in 2017. The year 2018 witnessed considerable shifts in the composition. There was large accumulation of net foreign assets as capital flows normalized during 2018. A major portion of these net foreign assets was developed in the ... Read More »

Qatar Chamber Chairman, Germany’s Deputy Minister of Economy review bilateral trade ties

DOHA: Germany’s Member of Ministries Council and Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy Thomas Bareiss met with Qatar Chamber’s Chairman Sheikh Khalifa bin Jassim Al Thani in Berlin. The meeting reviewed ways of developing cooperation relations between both friendly countries, exploring investment opportunities available in both sides as well as activating private sectors to ... Read More »

Qatar economic growth to accelerate in 2019-2020: QCB

Qatar’s economic growth will accelerate over the next two years amid expectations of stable oil prices and continued strong exports, the central bank said. Qatar, a major gas exporter, saw its economy grow 1.4% in 2018, down from 1.6% in 2017, government data showed. “Although real GDP growth was somewhat slower than the preceding year, the economic outlook for 2019 ... Read More »

Qatar implements IMF’s e-GDDS to support data transparency

Qatar has launched a National Summary Data Page (NSDP) in implementing the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS). The e GDDS was established by the IMF’s Executive Board in May 2015 to support improved data transparency, encourage statistical development, and help create synergies between data dissemination and surveillance. The NSDP is hosted by the Planning and ... Read More »

UDC records net profit of QR238m in H1

United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl-Qatar and Gewan Islands reported a net profit of QR238m on revenues of QR912m for the first half of 2019. The net profit attributable to the equity shareholders was QR225m and basic earnings per share stood at QR0.063. Turki bin Mohammed Al Khater, UDC ... Read More »

Qatar, US agree major deals

DOHA: The US and Qatar have agreed a raft of contracts worth billions of dollars during a visit to Washington by the Gulf state’s emir, including an $8 billion deal on a petrochemical project. Qatar Petroleum and US energy giant Chevron Phillips Chemical inked the deal to develop a “world class” petrochemical plant in the US Gulf Coast region, Doha’s ... Read More »

QICDRC enhances Qatar’s arbitration sector with international partnership

The Qatar International Court & Dispute Resolution Centre (QICDRC) and the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) signed a Cooperation Agreement that outlines strategic cooperation in the field of investment dispute resolution. As per the agreement, QICDRC and ICSID will be able to conduct all or any part of arbitration proceedings at the seat of their ... Read More »

How economic blockade on Qatar backfired

When a small Gulf nation like Qatar is blockaded by four of its powerful neighbours for two consecutive years by land, sea and air, one would expect a crisis of unparalleled proportions. The blockade began on June 5, 2017, when Saudi Arabia, the United Arab Emirates, Egypt, and Bahrain accused Qatar of sponsoring terrorism. It was Qatar’s independent foreign policy, ... Read More »

Lending start-up SoFi closes $500 million funding round, led by Qatar

Online lending start-up Social Finance just closed a half-a-billion-dollar funding round, led by Qatar. The company, better known as SoFi, plans to use the $500 million cash injection to invest in more growth and strengthen its now $2.3 billion total balance sheet, SoFi said in a press release. SoFi’s valuation will stay roughly the same as its previous $4.3 billion ... Read More »