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UAE says no change in Qatar access to ports

The United Arab Emirates said a port circular signalling an easing of the almost two-year Saudi-led embargo of Qatar was “misinterpreted” and that a clarification will be issued to ports. The clarification will address a directive by Abu Dhabi Ports that removed any mention of banning cargo shipments to Qatar, allowing a resumption of trade by third-party shippers. A previous ... Read More »

Ethiopia PM seeks Qatari investment

Ethiopia’s prime minister Abiy Ahmed visited his Qatari counterpart, seeking to enhance bilateral relations and strengthen efforts to attract investment from the gas rich nation. Abiy, who announced plans to liberalise the economy last year, hopes to attract foreign direct investment into several sectors that have been previously state-controlled. While in Doha, Abiy visited the Museum of Islamic Art, where ... Read More »

Qatar-Oman trade rises to QR6.8bn in 2018

Bilateral trade between Qatar and Oman rose by 240 percent in two years, reaching QR6.8bn in 2018, a significant increase from QR3.8bn in 2017, and QR2bn in 2016, Qatar Chamber (QC) Chairman Sheikh Khalifa bin Jassim Al Thani has said. In a press statement after his meeting with a high delegation of Omani officials on Thursday, Sheikh Khalifa bin Jassim ... Read More »

Barwa Bank’s AGM approves 15% cash dividend for shareholders

Barwa Bank Group yesterday convened its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM), and approved all the items on the agenda of the meetings, including the Board’s recommendation to distribute cash dividends of 15 percent of the nominal value of the shares (QR1.5 per share). The Group reported a strong growth in its net profit for 2018 which ... Read More »

Qatar’s trade surplus hit $52 billion last year, minister says

Qatar’s trade surplus reached $52 billion in 2018, the country’s Minister of Commerce and Industry said Sunday. More than 20 months after the economic and diplomatic blockade enacted by its neighbors Saudi Arabia, Bahrain, Egypt and the United Arab Emirates, Qatar is endeavoring to tell the world that business is carrying on as usual. The tiny gas-rich monarchy has expanded ... Read More »

Qatar FM: Doha buying S-400s ‘not anyone’s business’

Qatar is still studying the purchase of Russia’s S-400 missile air defence system, Qatar’s Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani said, adding that the potential deal – reportedly opposed by Saudi Arabia – was none of Riyadh’s business. Following a meeting with his Russian counterpart Sergey Lavrov on Monday, Sheikh Mohammed also said there was no sign of ... Read More »

Qatar Airways To Order More Planes For Aircraft Leasing Business

Qatar Airways was present at the recent Paris Air Show where the company was busy purchasing new aircraft. The aircraft are for regular airline operations, but more importantly, to grow its aircraft leasing business. The aircraft leasing business has a lot of opportunities available for an airline such as Qatar Airways. Qatar Airways is already in the aircraft leasing business, ... Read More »

Hamad Port customs thwarts smuggling of prohibited material

Doha: The General Authority of Customs thwarted the attempt to smuggle ”chewing tobacco” during inspecting a container loaded with 600 packets of paper cups, at Hamad Port. During the inspection, the customs inspector noticed that there was a difference in the classification and packing of the parcels. Following inspecting the parcels, he found 959 bags of chewing tobacco hidden under ... Read More »

UAE says no change in Qatar access to ports

The United Arab Emirates said a port circular signalling an easing of the almost two-year Saudi-led embargo of Qatar was “misinterpreted” and that a clarification will be issued to ports. The clarification will address a directive by Abu Dhabi Ports that removed any mention of banning cargo shipments to Qatar, allowing a resumption of trade by third-party shippers. A previous ... Read More »

Migrants suspected of terrorism links, smuggling detained in Bosnia

Sarajevo: Six Afghan migrants suspected of links to terrorism and people trafficking have been detained in Bosnia since the beginning of the year, the country’s service for foreign affairs said on Tuesday. The six are among more than 25,000 migrants and refugees, most from Pakistan, Afghanistan, Iraq or Iran, who have entered Bosnia since January 2018 after other states, notably ... Read More »

Qatar aims to build $20 billion sports sector ahead of World Cup

DOHA: Qatar wants to attract more sports companies to the Gulf state, aiming to develop a $20 billion (15.51 billion pounds) sports sector ahead of the 2022 World Cup, a senior official said. Qatar Financial Center (QFC) – which licenses foreign companies, mostly in the finance sector, to exempt them from local ownership laws – aims to license about 150 ... Read More »

Qatar, EU in final stages of air services deal: Qatar Airways CEO

Doha: Qatar and the European Union are in the final stages of concluding a comprehensive air transport agreement covering fair competition and transparency, the chief executive of state-owned Qatar Airways said on Tuesday. “We have taken bold steps by agreeing to articles on fair competition, social aspects, business practices, and transparency,” Akbar al-Baker said at a CAPA summit in Doha. ... Read More »

Shipbuilding sector in Qatar witnessing huge growth

Doha: Qatar’s shipbuilding sector is witnessing strong growth with sharp rise in the number of ships coming for repair at the shipyard. The number of ship repairs at N-KOM has increased by 25 percent in the first half of 2018 at the world-class Erhama bin Jaber Al Jalahma Shipyard compared to the same period last year. Widely known as experts ... Read More »

QIB is Golden Sponsor of NAMA’s Entrepreneurship Business Conference

DOHA: Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, is the Golden Sponsor of the 4th edition of the Entrepreneurship Business Conference and Products Exhibition, which is held by the Social Development Center NAMA, member of Qatar Foundation, at the Doha Exhibition and Convention Center between the 21st and 25th of January 2019. Sultan bin Rashid Al Khater, Undersecretary of ... Read More »

Qatar-Turkey trade surges to $2bn amid Gulf tensions

Trade between Qatar and Turkey is estimated to have topped the $2bn mark in 2018, a 54 percent jump compared with the previous year, a Turkish official said. Speaking at a Turkish trade expo that kicked off in Doha on Wednesday, Deputy Finance Minister Osman Dincbas said Qatar was one of the fastest growing areas of trade for Turkey in ... Read More »

Qatar Airways announces global sales promotion

Doha: Qatar Airways announced yesterday its latest global sales promotion designed to inspire passengers to explore new and exciting destinations in 2019. Qatar Airways’ passengers can enjoy exclusive discounts during this special promotion, where every journey to a destination becomes an unforgettable chapter, an experience that will create exciting stories to tell. The promotion is valid on all Qatar Airways ... Read More »

Qatar Airways acquires 5% of China Southern Airlines

Doha: Qatar Airways has acquired five percent of China Southern Airlines, the airlines announced. Qatar Airways has completed an on-market purchase of certain A shares and H shares of China Southern Airlines, resulting in aggregate holding of approximately 5% of the total issued share capital of China Southern Airlines. The Minister of Finance and Chairman of Qatar Airways Group H ... Read More »

Qatar’s trade surplus rises by 28.1%, hits QR16.2bn last month

Doha: Qatar’s foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of about QR16.2bn, an increase of about QR3.6bn or 28.1 percent in November 2018, compared to same month in 2017, and decreased by nearly QR2.8bn or 14.8 percent compared to October 2018. According to the Planning and Statistics Authority, which released preliminary ... Read More »

US airlines bristle at expansion of Qatar-backed Italian airline

An Italian airline is now caught in the middle of a simmering dispute over government subsidies between the largest U.S. airlines and state-owned Qatar Airways. Qatar Airways owns a 49 percent stake in Air Italy, which is planning to serve Los Angeles and San Francisco next year from Milan. Delta Air Lines, American Airlines and United Airlines say the Doha-based ... Read More »

Qatar and Iraq sign agreements and MoUs

The sixth session of the Joint Qatari-Iraqi Committee for Economic, Trade and Technical Cooperation was held yesterday. Minister of Commerce and Industry H E Ali bin Ahmed Al Kuwari and Dr. Mohammed Hashim Abdul Majeed Al Ani, Iraq’s Minister of Trade, who is visiting Doha, co-chaired the session. H E Al Kuwari highlighted Qatar’s friendly relations with Iraq, noting that ... Read More »