Friday , February 23 2018
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Qatar

Qatar development bank to rejuvenate tasdeer to further boost exports

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DOHA: Qatar Development Bank (QDB) has announced plans to enhance the level of participation in international exhibitions and other export promotion related activities to almost double this year compared to last year. The state-backed development agency, under its export promotion and development programme—Tasdeer—is aiming to boost exports of local products and services by providing and facilitating market access to small ... Read More »

Qatar Chamber hosts Moroccan exporters

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DOHA: Qatar Chamber board member Ali Abdullatif Al Misnad said that Qatar-Morocco relations saw substantial progress within the past years, particularly after the mutual visits of both countries’ leaderships. These visits helped in promoting cooperation fields to the level of both countries’ peoples aspirations. This came during a meeting with a delegation representing the Moroccan Association of Exporters (ASMEX) led ... Read More »

Qatar has good competitive indicators in global market

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DOHA: Qatar has good competitive indicators in the global market, Paraguay’s Minister of Industry and Commerce Gustavo Leite has said. The Paraguayan minister , in an interview with Lusail newspaper, said Qatar surprised the world by its smooth handling of the current Gulf crisis and the opening of the Hamad Port under the siege. He expressed hope that the Kuwaiti ... Read More »

Qatar forex reserves rise to $37.6bn in December

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DOHA: Qatar’s improving international investment position, the Qatar Central Bank’s foreign exchange reserves increased to $37.6bn in December, up from $36.9bn in the previous month, a QNB report has shown. The QCB’s forex reserves equate to more than six and a half months of import cover, QNB said in its latest ‘Qatar Monthly Monitor’. The report shows that Qatar’s current ... Read More »

Qatar CPI inflation edges higher in January

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DOHA: Expenses towards transport, food, clothing and health witnessed robust increase on a yearly basis, but overall the cost of living in Qatar, based on consumer price index (CPI), was up 0.9% last month, according to official data. The CPI inflation saw a 0.4% jump month-on-month in January, the Ministry of Development Planning and Statistics data shows. The International Monetary ... Read More »

Qatar well suited to develop large hypermarkets

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DOHA: Qatar’s high levels of wealth and car ownership, and its large number of malls, together make the country well suited to the development of large hypermarkets, Oxford Business Group (OBG) has said in a report. The sector has been growing rapidly in recent years, with numerous homegrown, regional and international brands active in the industry or intending to launch ... Read More »

Qatar economy resilient continues to perform well says Seetharaman

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DOHA: Qatar’s economy has proven its resilience and continues to perform well amid the blockade, improving local liquidity and gaining the confidence of international investors, said Doha Bank CEO Dr R Seetharaman. “The blockade (on Qatar by a quartet of nations) came as a rude shock to us. But Qatar has withstood… it has proven to be a resilient model. ... Read More »

Qatar and Paraguay sign pact on protection of investments

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DOHA: Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani yesterday met the Minister of Industry and Commerce of Paraguay Gustavo Leite and his accompanying delegation. During the meeting, the two sides signed an agreement on mutual promotion and protection of investments between Qatar and Paraguay. The agreement was signed by the Minister of Economy and Commerce and the ... Read More »

Qatar donate funds to stave off Gaza health crisis

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DOHA: The United Arab Emirates has donated $2 million and Qatar has pledged another $9 million to the Hamas-controlled Gaza Strip, staving off a threatened shut-down of emergency hospital generators in the impoverished Palestinian enclave, officials said on Friday. The United Nations had appealed for funds on Tuesday, saying fuel for generators that keep Gaza’s hospitals and sanitation services operating ... Read More »

Qatar well placed to meet rising LNG demand

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DOHA: Qatar remains well-placed to meet rising LNG demand in the face of competition for regional market share from the US, Russia and Australia due to its low production costs and spare capacity, BMI Research has said in a report. With growing demand for natural gas, Asia will continue being a focal point of competition for market share in the ... Read More »

Qatar jeweller under probe over $44mn bank fraud

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DOHA: The Central Bureau of Investigation (CBI) said it was acting on a complaint from the Punjab National Bank that Nirav Modi and others had conspired with bank officials to fraudulently obtain advances for making payments to overseas suppliers. A spokeswoman for Nirav Modi declined to comment. The CBI’s announcement of an investigation and registration of a complaint mark some ... Read More »

QFIE 2018 focuses on streamlining Qatar business information flow

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DOHA: Qatar Finance and Installment Exhibition (QFIE) 2018 got underway here with an aim to disseminate all needed information in opening new businesses, or developing projects that will support the national economy.  The three-day expo, organised by Arkan Company at the Qatar National Convention Center, has lined up an array of participants including Beema, Mashreq, General Takaful and Asian Arab ... Read More »

Qatar Airways alone provided $92bn boost to US economy

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DOHA: Some one million American jobs depend on business with Qatar, and Qatar Airways, the country’s fast growing national carrier, alone provided a $92bn boost to the US economy through the purchase of 332 American aircraft (Boeing), a deal which supports more than 5,27,000 jobs in the US, noted  the Minister of Economy and Commerce, H E Sheikh Ahmed bin ... Read More »

Qatar is paying the price for Saudi Arabia’s oil strategy in Asia

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DOHA: Qatar is paying the price for top member Saudi Arabia’s oil strategy in Asia. Last year, oil exports from Qatar to Japan slumped by almost a quarter to its lowest level since 1990, while shipments from giant supplier Saudi Arabia grew 8.1%, boosting its market share in the Asian nation to a record figure. Over in South Korea, imports ... Read More »

Qatar non oil exports fell 13% in December

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DOHA: Qatar’s non-oil exports declined 13 per cent in December compared to the same period of 2016, a report by the Qatar Chamber revealed yesterday. According to the report, non-oil exports reached 1.3 billion Qatari riyals ($357 million) in December 2017 compared with 1.5 billion riyals ($412 million) in December 2016. On a monthly basis, Qatari exports fell 27.6 per ... Read More »

Qatar low penetration presents growth opportunities for some Mena

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DOHA: Low penetration presents attractive growth opportunities for some (re)insurers in the Middle East and North Africa (Mena) amid challenging operating environment, according to A M Best, an international insurance rating agency.  Moreover, revenue generated from value added tax (VAT), along with an expected strengthening of oil prices this year, will help fund infrastructure spending in the Gulf Cooperation Council ... Read More »

Qatar emerges as a key trading partner of Oman

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 DOHA: Qatar is emerging as an important trading partner of Oman, with the Sultanate’s non-oil exports to the GCC country surging ahead by 144.1 per cent, amounting to OMR132.8 million in the first nine months of 2017. Although the total export revenue is not very significant, the growth rate shows Qatar’s increasing dependence on Oman for its import requirements after ... Read More »

Qatar says economy open for business

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DOHA: Qatar under Saudi pressure, the Persian Gulf state says regional isolation is making it stronger. The country’s finance minister says Qatar’s economy is “resilient” and “open for business.” “Lots of people gave us a few weeks to survive this,” Ali Shareef Al Emadi told CNNMoney. Despite whatever we had in the eight months, we’re still [one of] the fastest ... Read More »

Qatar S Korea economy shrinks in Q4 as exports slump

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DOHA: Struggling car exporters and industrial production failed to keep up the previous quarter’s dashing pace, posting its worst performance since 2008. An 10-day Chuseok autumn holiday in October hit fourth-quarter industrial output, just as a slump i car exports erased the gains from booming overseas sales of computer memory chips. Hyundai Motor and its Kia Motors affiliate said earlier ... Read More »

Qatar’s economy performed better than expected last year

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DOHA: Qatar’s economy performed better than expected last year and required “minimal” government support to blunt the effects of a trade and diplomatic embargo by Saudi Arabia and three other Arab countries, the Minister for Economy and Commerce, HE Sheikh Ahmed bin Jassim bin Mohamed al-Thani, has said.  In an interview with Bloomberg Television in Davos, Sheikh Ahmed said government ... Read More »