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Qatari businesses urged to invest in Uganda

  DOHA: Ugandan President Yoweri Kaguta Museveni has urged Qatari businessmen to take advantage of investment opportunities in the country. A business delegation led by Mohamed bin Ahmed bin Towar, Qatar Chamber (QC) vice chairman recently visited Uganda aimed at enhancing trade and economic relations between Qatar and Uganda and exploring investment opportunities in food security and tourism. The delegation ... Read More »

Qatar Airways joins Usaid routes partnership to combat wildlife trafficking

DOHA: Qatar Airways has joined a select group of private sector, non-government organisations and government agencies in a concerted response to combat wildlife crime across transportation networks. As a partner in the USAID Reducing Opportunities for Unlawful Transport of Endangered Species (ROUTES) Partnership, Qatar Airways has increased its commitment as a signatory to the United for Wildlife Transport Taskforce Buckingham ... Read More »

Singapore, Qatar strengthen bilateral ties

SINGAPORE: Singapore and Qatar have shown that size does not determine a country’s success, President Halimah Yacob said last night. At a state banquet she hosted for visiting Qatari Emir Sheikh Tamim Bin Hamad al-Thani, Madam Halimah spoke of the long friendship between the two small states and the similarities that bind them. “The trajectories of growth and development of ... Read More »

M’sia-Qatar trade relations date back 43 years

PUTRAJAYA: Bilateral relations between Malaysia and Qatar, especially in the trade sector has not been affected despite the Middle Eastern nation facing a crisis with other Gulf Countries, as relations between the two countries had been well established for the past 43 years, said Prime Minister Datuk Seri Najib Abdul Razak. He said Malaysia was known as a country which ... Read More »

Qatar, Norway puts on the brakes but oil cash splurge is hard to kick

  DOHA: Putting on the brakes is a relative term in Scandinavia’s richest economy.  The Norwegian government yesterday proposed spending 231.1bn kroner ($29bn) of its oil income and wealth to plug a deficit equal to 7.7% of gross domestic product, roughly unchanged from this year. To do this, it will withdraw 72bn kroner from its massive wealth fund, up from ... Read More »

Mexico looks to expand into Qatari market

  DOHA: Qatar Financial Centre (QFC) has announced the licensing of Dunn Lightweight Architecture LLC; a subsidiary of the Mexican company Dunn Arquitectura Ligera SA de CV, which specialises in fabric and tensile structures under its umbrella. They will take part in the construction of stadiums for the FIFA World Cup Qatar 2022. The agreement came through ProMexico, a trust ... Read More »

Qatar to join World ATA Carnet Council in December 2017

  DOHA: The State of Qatar will officially join the World ATA Carnet Council (Watac) in “early December” this year, private sector leader Qatar Chamber has announced in a statement. This development was raised during a meeting of the International Certificate of Origin Council, which was held on the sidelines of 10th World Chambers Congress in Sydney where Qatar Chamber ... Read More »

GCC, Qatar cooking oil market advanced technologies in global industry

  DOHA: The cooking oil market in the GCC has been witnessing a major shift in investment patterns in recent years. Over the past decade, the investment in this market has doubled owing to players realizing the scope this market presents. The increasing population and a higher propensity of consumers to spend on edible oils are the primary factors driving ... Read More »

Qatar Airways Cargo adds Helsinki to pharma network

  DOHA: Doha-based Qatar Airways Cargo has added Helsinki to its expanding pharma network, effective September 18. This is the cargo carrier’s 74th pharma destination introduced within a span of three months since Dublin was added to the pharma network in June this year. Qatar Airways launched flights to the Finnish capital, Helsinki in October last year. The daily direct ... Read More »

Qatar’s furniture imports from Turkey stands at $27.2m last year

DOHA: Qatar has imported $27.2mn worth of furniture from Turkey in 2016, which accounts for 5.8% of the Gulf state’s total furniture imports, according to a senior official of the Kayseri Furniture Industrialists Association (Kaymos). Figures presented by Kaymos chairman Yakup Deveci during the Doha leg of the ‘Qatar-Kuwait Trade Delegation Visit’, which will run until October 6, showed that ... Read More »

Qatari finance finds its new normal

  DOHA: Banks in Qatar have been hit hard by its powerful neighbours’ unexpected blockade, but finance, just like other sectors of the Qatari economy, is finding ways to cope with this sudden realignment of regional alliances. Order A stylized image of a young Tamim bin Hamad Al Thani has become a symbol of Qatari resistance to the blockade All ... Read More »

Qatar Airways cargo business jumps 160% since June

  DOHA: Qatar Airways has seen a 160% increase in its cargo business since June this year compared to the same period in 2016, said group chief executive Akbar al-Baker, who stressed that the “blockade has had quite the opposite impact on Qatar Airways business to the one intended.” “In early June this year, following the illegal blockade on my ... Read More »

Qatar imports rebound in August, suggesting sanctions impact fading

DUBAI: The value of Qatar’s imports rebounded sharply in August from July, government data showed on Wednesday, suggesting the economic impact of sanctions imposed by other Arab states is fading. Imports plunged by over a third after Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and transport ties with Doha on June 5. The sanctions – over ... Read More »

Commercial Bank of Qatar looks to Asian funding amid Arab boycott

DOHA: Qatar’s third-largest lender, Commercial Bank of Qatar (CBQ), is considering borrowing money on the Taiwanese bond market, its group chief executive told Reuters, as a crisis in the region makes it harder to raise funds. The plan to tap Asian markets is because Qatari banks have been locked out of Saudi Arabia, the United Arab Emirates (UAE), Egypt and ... Read More »

Qatar gas exports to keep economy afloat

NEW YORK: Qatar’s revenues from gas exports helped the country withstand the blockade imposed, Qatari Minister of Economy Sheikh Ahmed bin Jassim bin Mohammed Al Thani said. While the country has incurred additional costs in certain areas as a result of the siege, these costs remain insignificant because of the natural and financial resources owned by the state, he said, ... Read More »

IMF: Qatar postpons new taxes on junk food, alcohol

  DOHA: The introduction of new “selective taxes” on fast food, soda, tobacco, alcohol and certain luxury items in Qatar has been pushed back several months. \According to a new report from the International Monetary Fund (IMF), these taxes will now be rolled out sometime before the middle of next year. It said: “(Qatar’s) 2018 budget is expected to continue ... Read More »

Qatar, France naval drill concludes

  DOHA: Qatari Emiri Naval Forces (QENF) have concluded the marine exercise, which was conducted in partnership with their French counterparts in the territorial waters of the State of Qatar , The Directorate of Moral Guidance at the Ministry of Defence has announced . In a press statement, the Directorate said that the two-day exercise was conducted alongside the Qatari ... Read More »

China invests $9.1b in Rosneft as Glencore, Qatar cut stakes

  DOHA: Chinese conglomerate CEFC will buy a 14.16 percent stake in Russian oil major Rosneft for $9.1 billion from a consortium of Glencore and the Qatar Investment Authority, strengthening the energy partnership between Moscow and Beijing. CEFC China Energy has grown in recent years from a niche oil trader into a sprawling energy conglomerate and the transaction will allow ... Read More »

Iran exported bananas to Turkmenistan, Turkey, Qatar

  DOHA: C lose to 1,670 tons of fresh or dried bananas worth more than 41.82 billion rials ($1.3 million) were exported from Iran during the first four months of the current fiscal year (March 21-July 22), the Islamic Republic of Iran Customs Administration announced. The main export destinations for Iranian bananas over the period were Turkmenistan, Turkey and Qatar, ... Read More »

Qatar braces for deep cuts in spending

  DOHA: Qatar’s financial woes are set to aggravate further as sanctions imposed by four Arab countries began to hit its economy harder and faster amid warnings by major rating agencies that the Gulf state has to slash its capital spending on projects and infrastructure. The impending spending cuts would a further setback for Qatar, which has to spend billions ... Read More »