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Tag Archives: Qatar

Qatar, UAE sign pacts to boost mutual ties

ABU DHABI: Qatar and the UAE signed a number of agreements to enhance co-operation between the two countries following the sixth session of the joint higher committee held here yesterday, co-chaired by HE the Foreign Minister Sheikh Mohamed bin Abdulrahman al-Thani and UAE Minister of Foreign Affairs and International Co-operation Sheikh Abdullah bin Zayed al-Nahyan. The agreements were signed by ... Read More »

Qatar, Bulgaria sign MoU for cooperation in ports sector

LONDON: Senior officials from Qatar and Bulgaria recently signed a memorandum of understanding (MoU) for bilateral cooperation in the field of ports, said a report. The MoU was signed at the Bulgarian Ministry of Transport, Information Technology and Communications by Captain Abdulla Al Khanji, CEO, Qatar Ports Management Company and Anguel Zabourtov, director general, the Bulgarian Ports Infrastructure Company, added the ... Read More »

Qatar-supports Jordan solar power plant to be operational in 2016

AMMAN: Qatar’s Nebras-supported solar power plant project in Jordan will be fully operational in 2016. Nebras Power with its partners Diamond Generating Europe and Kawar Group held a ground breaking ceremony in Amman Jordan on Monday 8 June for its Shams Ma’an Solar power plant project with capacity of 52.5MW. Nebras Power, the Qatari shareholding company, owns 35 percent of ... Read More »

Overcome food shortage:  Qatar wants to produce groceries in Turkey

DOHA: Qatar is taking action to overcome its food shortage problem by requesting the right to produce in Turkey. Foreign Minister Mevlüt Çavuşoğlu said: “Qatar wants to rent land and generate produce in cooperation with Turkish companies. They also want to develop projects in other fields, too. ” Attending the Commercial Bank Qatar Masters golf tournament, Çavuşoğlu held official talks ... Read More »

Overcome food shortage:  Qatar wants to produce groceries in Turkey

DOHA: Qatar is taking action to overcome its food shortage problem by requesting the right to produce in Turkey. Foreign Minister Mevlüt Çavuşoğlu said: “Qatar wants to rent land and generate produce in cooperation with Turkish companies. They also want to develop projects in other fields, too. ” Attending the Commercial Bank Qatar Masters golf tournament, Çavuşoğlu held official talks ... Read More »

Qatar to fund energy, other projects in Venezuela

DOHA: Qatar is considering funding projects in Venezuela, as the Latin American state lobbies fellow crude producers to help repair the damage done to its economy by plummeting oil revenues. Nicolas Maduro, Venezuela’s President said that his country was firming up billions of dollars of financing from Qatari banks. Qatar said the country was still studying the possibility of investing in Venezuela’s energy, ... Read More »

Singapore, GCC launch free trade agreement

SINGAPORE: Singapore and GCC has jointly announced the launch of FTA negotiations, taking Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates in focus. With the entry into force of the agreement, approximately 93.9 percent of all Singaporean goods exported to the GCC qualified for immediate tariff-free concessions, while an additional 2.7 percent of tariff lines will qualify ... Read More »

US Raytheon clinches $2.4b contract to supply 10 Patriot missile defense systems to Qatar

WASHINGTON: The Raytheon weapons maker company of US has won a contract valued $2.4 billion to supply 10 Patriot missile defense systems to Qatar, which is beefing up its defenses to counter a growing perceived threat from Iran. The contract was negotiated between the governments of the United States and Qatar as part of a $23 billion arms package announced in ... Read More »

Costa Rica’s Mora eyes Qatar as Middle East trade gateway

SAN JOSE: Minister of Foreign Trade Alexander Mora said Costa Rica eyes on making Qatar its gateway to the Middle East for various economic and trade related initiatives. Mora said we see Qatar as the gateway to our economic and inter political initiatives in the Middle East region. This reciprocity is a natural connection that we should be taking advantage ... Read More »

Remittances soar to $7,398.4m from $6,407.5m in 5 months of FY14-15

KARACHI: The country has witnessed improvement in remittances as the overseas Pakistanis sent $7,398.4 million in first five months of Fiscal Year 2014-15, reflecting the growth of 15.5 per cent as compared to last year’s $6,407.5 million. As per details, during November 2014, the inflow of remittances amounted to $1,320.6 million, which is 4.5pc lower than October 2014 but 16.8pc ... Read More »

Qatar, Algeria sign 15 pacts on trade and customs code

DOHA:  Algeria and Qatar signed 15 agreements including a bilateral trade agreement on mutual administrative assistance of the Customs Code and a memorandum of understanding relating to several sectors such as education, higher education, communication, tourism, sports, youth and fishing. An agreement for cooperation and exchange of information between the agency Algeria Press Service (APS) and his Qatari counterpart QNA ... Read More »

Saudi Arabia, Egypt stock markets plunge

DUBAI: Saudi Arabia and Egypt stock markets rimed down in early deal and bourses in the United Arab Emirates and Qatar also gave up gains as the meeting in global equities emerges to collapse. By blue chips Saudi Arabia’s main index cut down 0.3 percent among a varied performance. Petrochemicals giant Saudi Basic Industries gained 0.6 percent, the kingdom’s biggest ... Read More »

Qatar slashes price offer for LNG sale to Pakistan from $18 to $14 per MMBTU: SSCGL

ISLAMABAD: Sui Southern Gas Company Limited (SSGCL) Managing Director Shoaib Warsi has revealed that after declining trend in global market, Qatar has also cut its price offer to sell liquefied natural gas (LNG) to Pakistan from $18 per Million British Thermal Units (MMBTU) to $14, reducing price by about 22 per cent. While talking to the media, the SSGCL MD said ... Read More »

Qatar slashes price offer for LNG sale to Pakistan from $18 to $14 per MMBTU: SSCGL

ISLAMABAD: Sui Southern Gas Company Limited (SSGCL) Managing Director Shoaib Warsi has revealed that after declining trend in global market, Qatar has also cut its price offer to sell liquefied natural gas (LNG) to Pakistan from $18 per Million British Thermal Units (MMBTU) to $14, reducing price by about 22 per cent. While talking to the media, the SSGCL MD said ... Read More »

Sensing Rs18b scam: CNG traders, transporters up the ante against LNG import

KARACHI: Describing it a mega scam to con out the public of around $180 million or Rs18 billion per year, All-Pakistan CNG Association and Karachi Transport Ittehad threatened protest and sit-in at the Sui Southern Gas Company (SSGC) head office if the government does not withdraw the decision to import LNG. Addressing a press conference, All-Pakistan CNG Association Sindh chairman ... Read More »

Hong Kong to link with China’s $3.9tr stock market on Nov 17  

HONG KONG/SHANGHAI: Norman Chan, chief executive of the Hong Kong Monetary Authority  said on Monday that Hong Kong and Shanghai would link their stock exchanges on November 17. The move will grant foreign investors unprecedented access to China’s $3.9 trillion stock market and create the world’s third-largest equity market. The long-awaited landmark stock connect project will, for the first time, allow ... Read More »

Gas crisis to continue in winter as no LNG deal yet: Abbasi

ISLAMABAD: The federal government has not yet finalise the LNG (Liquefied Natural Gas) deal with any country. Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi said this while talking to media at Parliament House. He said that the country would not be able to purchase LNG in less than $14 per mmbtu owing to current market situation. However, he ... Read More »

Foreigners invited to invest in agriculture sector

ISLAMABAD: The speakers at International Investment Conference have been offered to invest in the agricultural sector as it is the most promising sector for investments. The conference was organized by the Board of Investment to highlighting the investment opportunities and to urge the foreign investors to explore untapped potential of the country More than 350 delegations from all over the ... Read More »

Pakistan future hub of trade, commerce in Asia: Ahsan

ISLAMABAD: Federal Minister for Planning, Development and Reforms Ahsan Iqbal said that Pakistan was a future hub of trade, commerce and industry in Asia as it was located in that of the continent. “It is the best time for the foreign investors to invest in Pakistan as the country is rapidly developing and it is becoming stable and peaceful”, he ... Read More »

New World Financial Order

At least 21 countries, Including Pakistan, have signed a memorandum of understanding at Great People’s Hall in Beijing to set up Asian Infrastructure Development Bank with paid up capital of $50 billion. The establishment of the bank indicates China desire to promote investment at the regional level as well as the nature of its competitive relationship with the United States. ... Read More »