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Qatar sees stampede for gas projects to help beat crisis

DOHA:  Qatar develop new gas projects, Minister of Energy and Industry HE Dr. Mohamed bin Saleh al-Sada said, despite a protracted crisis in the Gulf region and pressure on firms to choose between Qatar and its neighbours. Dr al-Sada told Reuters that Doha had seen unprecedented interest from majors as Qatar seeks to expand its gas capacity to 100 million ... Read More »

Qatar EU air & sea freight lanes to grow faster

DOHA: Qatar EU trade lane has been projected as one of the busiest routes, both in terms of air and sea freight lanes, in the Emerging Market. The EU-Qatar air freight lane is forecast to grow by 39.4 percent, while Qatar-EU sea freight air lane is projected to expand by a whopping 121.7 percent. The annual Emerging Markets Logistics Index, ... Read More »

Agency affirms Qatar currency ratings despite Gulf crisis

 DOHA: Qatar’s ratings are supported by the country’s substantial economic wealth,” CI said, adding the country is the world’s third largest producer of natural gas after Russia and Iran and is by far the largest exporter of liquefied natural gas (LNG). According to the International Energy Association, the country has proven natural gas reserves of around 883tn cubic feet with ... Read More »

Qatar signs security agreement with NATO

DOHA: Qatar has signed a security agreement with NATO in Brussels on Tuesday amid the ongoing Gulf crisis that began last June. This security agreement provides the framework for the protection of exchange of classified information, as defined by all 29 member countries,” said a statement released by NATO yesterday. Bahrain, Kuwait and the United Arab Emirates (UAE), have also ... Read More »

Qatar National Bank’s loan growth seen slipping to 7-9 pct in 2018

DOHA: Qatar National Bank’s (QNB) loan growth is expected to fall back to between 7 and 9 percent in 2018, analysts said after an investor relations conference call with executives of the Middle East’s largest lender. The analysts speculated that the drop in lending growth, from around 12 percent in 2017, would likely be because of a fall in state ... Read More »

Qatar and Turkey promising economic prospects

DOHA: Qatar and the Republic of Turkey, a total of 150 Turkish companies will present their products at Qatari-Turkish Economic Forum, which will open in Doha Today. Turkish companies specialising in infrastructure, building materials, pharmaceutical and medical supplies, foodstuff, agriculture, glass and plastic, industrial equipment, electricity, and logistics and security systems will be represented at the event, organised by Qatar ... Read More »

Qatar and Turkey promising economic prospects

DOHA: Qatar and the Republic of Turkey, a total of 150 Turkish companies will present their products at Qatari-Turkish Economic Forum, which will open in Doha Today. Turkish companies specialising in infrastructure, building materials, pharmaceutical and medical supplies, foodstuff, agriculture, glass and plastic, industrial equipment, electricity, and logistics and security systems will be represented at the event, organised by Qatar ... Read More »

Qatar Financial Centre Authority achieves 66% new business growth in 2017

DOHA: The Qatar Financial Centre Authority (QFCA) has announced a record growth in 2017, posting a 66 percent increase in new firms being licensed year-on-year (1st January to 31 December 2017). This follows news earlier this year when the QFC reported a 41 percent increase in new firm registrations for H1 of 2017 (1st January to 30th June 2017) compared ... Read More »

Economic forum to boost Qatar Turkey cooperation

DOHA: The ‘Qatari-Turkish Economic Forum’, slated on Tuesday in Doha, aims to enhance economic cooperation between Qatar and Turkey in various fields, including infrastructure, agriculture, pharmaceuticals, and industry, private sector leader Qatar Chamber announced. Similarly, the Turkish embassy in Doha and project development company Medyacity are organising ‘Expo Turkey 2018’ from January 17 to 18 at the Doha Exhibition and ... Read More »

Qatar investment in Turkey exceeds $19bn

DOHA: Qatar’s investment in Turkey has surged over $19bn (about QR70bn), which is expected to increase further in the coming years.  Qatari investments in Turkey is the second highest value by any country in Turkey. The invesment is diversified in different sectors of the fast growing Turkish economy such as real estate, banking, food processing industries among others. “Qatar’s investments ... Read More »

Qatar to make copper wires aluminium bars as it resists embargo

DOHA: Qatari conglomerate Aamal Co plans to build three factories to produce copper wires, aluminium bars and drums for cables, projects that could make the country more self-reliant in the face of an embargo by other Arab states. The factories will be established by Senyar Industries Qatar Holding, owned 50 per cent by Aamal and 50 per cent by Egyptian ... Read More »

Qatar opens up full company ownership to expat investors

DOHA: Qatar has now granted 100 per cent ownership of businesses to expats investing in the emirate.  It’s now possible for expats wishing to invest in the country by starting up or introducing businesses to own 100 per cent of their companies. The new rule was announced by the government last Thursday as a move to boost non-oil revenues, although ... Read More »

Qatar allows full ownership for foreign investors

DOHA: Qatar has approved legislation allowing 100-percent ownership for foreign investors in most sectors of the economy in a bid to boost non-energy revenues, the government said this week. The move comes at a time of political crisis in the Gulf, with Qatar under an economic and diplomatic boycott by neighbouring countries for the past seven months.It is also an ... Read More »

Qatar builds a dairy farm in the desert

DOHA: One farm’s ambition to supply all of the dairy for Qatar’s 2.6 million people is becoming a reality. Baladna Farm, located about 55 kilometres from Qatar’s capital city Doha, has put together a rapid expansion plan to fill the entire country’s demand for milk products by April. While experienced with sheep and goat enterprises, Baladna Farm decided to set ... Read More »

QP becomes exclusive marketer of all Qatar crude oil exports

DOHA: Qatar Petroleum (QP) has said all crude oil produced in the State of Qatar for export to international markets has been designated by a ministerial directive as a “regulated product” with effect from January 1. Consequently, Qatar Petroleum, as the marketing agent for ‘Qatar Petroleum for the Sale of Petroleum Products Company Limited’ (QPSPP), will be the exclusive entity ... Read More »

Qatar to be a major beneficiary of pipeline gas exports in Mideast: GECF

DOHA: Qatar will be among the major beneficiaries of pipeline gas exports in the Mideast region, whose combined output will reach 60 billion cubic metres by 2040, the Doha based Gas Exporting Countries Forum has said in a report. During the GECF outlook (2017- 2040) period, the region will witness growth in pipeline exports, by a rate of 2.8% a ... Read More »

Qatari non oil exports reach QR1.8bn in November

DOHA: Qatar Chamber’s monthly report on foreign trade of the private sector has revealed that the total value of Qatari non-oil exports to all countries of the world during November 2017 amounted to QR 1.8 billion , compared with QR 1.7 billion during October, recording an increase of about 5.9 percent, compared with QR 1.8 billion during the corresponding month ... Read More »

Qatar keen on boost of maritime trade with Iran

DOHA: Qatar is keen on the expansion and facilitating maritime trade with Iran, Financial Tribune daily reported. This was underlined by Qatari Minister of Transportation and Communications Jassim Saif Ahmed Al Sulaiti in a recent meeting with CEO of Ports and Maritime Organization of Iran, Mohammad Rastad, in Doha. During the meeting on Monday, the two sides stressed eliminating obstacles ... Read More »

Qatar trade surplus surges by 54.8%

DOHA: Qatar  trade surplus expanded to QR12.8bn in November, a 32 percent jump from a year ago and 54.8 percent surge from the previous month, a preliminary data released by the Ministry of Development Planning and Statistics showed yesterday. In November 2017, the total exports of goods, including exports of goods of domestic origin and re-exports, amounted to around QR21.8bn, ... Read More »

Qatar Tax reform US growth expected to remain at 2.5%

DOHA: As boost from the US tax reform is likely to offset by other factors the growth in 2018 is expected to remain at 2.5 percent. ‘Last week, the US congress passed an ambitious tax reform programme. The reforms, which consist primarily of a large corporate tax cut, should provide a significant boost to growth in 2018, although this will ... Read More »