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Qatar ports show impressive growth

DOHA: Ports in Qatar continue to post robust performance showing strong growth in traffic. Defying the unjust siege imposed on the country, the ports continue to witness consistent rise in cargo movement. Hamad Port, which the largest port in the region, harboured 178 vessels in October this year showing a growth of around 20 percent compared to September 2017 when ... Read More »

Qatar expands ties with Ivory Coast Guinea

DOHA: His Highness the Emir Sheikh Tamim bin Hamad al-Thani held wide-ranging talks with the leaders of Ivory Coast and Guinea and witnessed the signing of several agreements and memoranda of understanding on Friday, as part of his six-nation West African tour. The Emir arrived in Ivory Coast capital Abidjan Friday afternoon from Conakry in Guinea. Upon arrival in Abidjan ... Read More »

Qatar gas demand projected to grow 1.6% a year until 2040 to 73 bcm GECF

DOHA: Qatar domestic natural gas demand is projected to grow 1.6% a year until 2040 to 73bn cubic metres (bcm), according to the Gas Exporting Countries Forum. Between 2000 and 2016, natural gas demand in GECF member countries increased from 571 bcm to 894 bcm, GECF said in its ‘Global Gas outlook 2017’. Over the projection period (2017-2040), it is ... Read More »

Qatar Europe markets down as US tax cuts plan nears finish line

DOHAS: Stock markets fell yesterday as investors paused for breath following recent gains, with a long-awaited US tax cut plan moving near the finish line. Equities have been on a broad upswing since last week when holdout Republican senators said they would back President Donald Trump’s signature tax legislation.   Despite the expected passage of the bill, stocks prices on ... Read More »

Qatar’s key projects on hold due to embargo

DOHA: The key projects in Qatar had been delayed due to the lack of inventory construction materials and other sources of imports, an International Monetary Fund (IMF) report said, reported local media Tuesday. The report also mentioned that Qatar has developed shipping routes with Kuwait and Oman for alternative food supplies to ease fear of shortage. In June, Saudi Arabia ... Read More »

Shunned by Neighbors Qatar seeks new research partnerships

DOHA: When Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed diplomatic, trade and travel links with Qatar last June, accusing it of supporting terrorist groups, Saudi milk was not the only commodity that disappeared from supermarket shelves here. Qatar imports 90 percent of its food requirements, and 40 percent of that had come through its only land border, ... Read More »

Qatar tax reforms must consider era of non oil budgeting

DOHA: The investments in infrastructure and property market in the resource-rich GCC are really huge. Oil wealth has been heavily invested in residential and commercial property in the GCC. It is efficient to tax real property, not only because it is immobile, but also to finance the cost of public infrastructure and other services necessary to preserve the value of ... Read More »

Qatar Air chief vows splurge on routes to defeat embargo

DOHA: Qatar Airways Ltd. Chief Executive Officer Akbar al-Baker pledged to carry on adding routes in defiance of the Saudi Arabia-led isolation of its home country. While the second-biggest Gulf carrier anticipates a “very negative year” in terms of earnings, the passenger tally should be close to what it was before the embargo, Baker said in a Bloomberg TV interview ... Read More »

Qatar airways keen to increase Cathay pacific stake from 9.9%

DOHA: Qatar Airways is interested in raising its stake in Cathay Pacific Airways, provided the move doesn’t “disrupt” the holdings of the top two major investors, Swire Group and Air China, Qatar Airways group chief executive officer Akbar al-Baker said. The Doha based airline, which announced buying almost 10% of Cathay in November in a bid to gain a foothold ... Read More »

US tax reforms to add value to Qatar investments,

DOHA: The US federal tax reform is expected to add value to Qatar’s investments in the US. Qatar has significant exposure to various asset classes, which are expected to benefit from the sweeping tax overhaul, according to Doha-based investment strategists. The tax bill passed by republicans in the US Senate is expected to boost profits of corporate.  Qatar’s sovereign wealth ... Read More »

Ruwais ‘port market’ to boost local economy,

DOHA: The soon to be opened Ruwais Port Market will not only offer a space for shopping diverse and authentic foreign products, but will emerge as an ideal outlet for the country’s fast-growing local product sector. As thousands of visitors tour around the market everyday searching for antiques,souvenirs and traditional products, the market will be an ideal spot to showcase ... Read More »

Mega farm seeks to dominate Qatar dairy scene,

DOHA: located about 34 miles from Qatar’s capital city Doha, Baladna Farm runs several livestock enterprises, including sheep and goats, under the guidance of Irishman John Dore.In June, Saudi Arabia, the United Arab Emirates, Egypt and Bahrain severed all diplomatic ties and imposed trade boycotts on Qatar because they believed it supported terrorism. These blockages meant normal imports of dairy ... Read More »

Qatar, UK to support small businesses in both countries to boost exports

LONDON:Qatar and the UK have decided to support small businesses in both the countries and improve access to trade financing to help exporters as part of efforts to strengthen the bilateral economic relations. This was the outcome of the inaugural meeting of the Joint Economic and Trade Commission (Jetco) between Qatar and the UK yesterday. The UK’s International Trade Minister ... Read More »

Saudi king absent at GCC summit overshadowed by Qatar crisis

DOHA: The Qatari emir was the only head of state  other than his Kuwaiti host  at a gulf summit on tuesday, as leaders including Saudi Arabia’s King Salman stayed away from a meeting that was overshadowed by the rift with Qatar and ended a day early. The Saudi delegation was headed by Foreign Minister Adel Al-Jubeir, while Bahrain sent its ... Read More »

Iran-Qatar economic ties boom after Tehran helps Doha fend off Saudi-ed blockade

TEHRAN: Iran is benefiting from the anti-Qatari blockade that was launched by Saudi Arabia in early June, when Riyadh cut diplomatic ties with Doha and stopped access to all air, land and sea routes to the emirate, blaming it for supporting and harboring religious militants. Doha has since rejected all charges leveled against it by Riyadh. For the first seven months ... Read More »

Taxi drivers who tried to smuggle heroin between UAE and Qatar are jailed

DUBAI: Three men have been sentenced to 10 years in jail each for attempting to smuggle heroin from the UAE into Qatar. Dubai Criminal Court said the men were caught with 2.2 kilograms of the drug. They had been paid about 400,000 rupees (Dh22,754) by a dealer in Pakistan. The Pakistani men, aged between 35 and 47, were arrested on ... Read More »

Qatar’s Hamad Port posts strong performance

  DOHA: Hamad Port continues to post strong performance, despite the ongoing illegal siege imposed on Qatar. The port, the largest port in the Middle East, saw a huge 44 percent year-on-year rise in cargo movement in September this year, while 120 percent rise was seen in tonnage in the same month. The port harboured 150 vessels in September this ... Read More »

Qatar Customs seizes marijuana, captagon and guns

  DOHA: Ahmed Abdullah Al Jamal, Chairman of Qatar Customs, honoured ten inspectors who played a crucial role in confiscating and seizing 46-kg of marijuana, 200,000  tablets of captagon drug and two guns with 2500 bullets. The Customs will witness significant developments strengthening its manpower as part of its efforts to protect the security of the Qatari society and to ... Read More »

Bahrain suggests freezing Qatar’s GCC membership

  DOHA: Bahrain’s foreign minister on Monday suggested suspending Qatar’s Gulf Cooperation Council membership until it accepts the demands of its Arab adversaries in the region’s worst crisis in years. “The correct step to preserve the GCC would be to freeze Qatar’s membership until it sees reason and accepts the demands of our countries. If not, we will be fine ... Read More »

Qatar’s Sept trade surplus jumps 41.5% to QR12.48bn

DOHA: Higher exports of crude and non-crude led Qatar’s trade surplus to surge 41.5% year-on-year to QR12.48bn in September this year, according to official statistics. The trade surplus, however, saw a 1.7% decline on a monthly basis, said the figures released by the Ministry of Development Planning and Statistics. In absolute terms, Japan, Singapore, South Korea, India and China were ... Read More »