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NATO rejects Qatar membership ambition


NATO on declined an overture by Qatar to join the Western military defence alliance, saying membership was reserved to the United States and Europe. It was responding to a comment by Qatar’s defence minister on Tuesday that his country’s long-term strategic “ambition” was to join NATO. “According to Article 10 of the Washington Treaty, only European countries can become members ... Read More »

Qatar Airways boss in ‘heartfelt apology’ for sexist remark


The boss of Qatar Airways has issued “heartfelt apologies for any offence caused” for saying that a woman could not do his job. Akbar al-Baker said that the airline had to be led by a man “because it is a very challenging position”. He later defended Qatar Airways’ record on gender diversity, but that failed to quell growing criticism. In ... Read More »

Qatar tells stores to take Saudi products off their shelves


Qatar has ordered retailers to stop selling products from Saudi Arabia and other countries that severed ties with it almost a year ago. Saudi Arabia, the United Arab Emirates, Egypt and Bahrain launched a political and commercial boycott of Qatar last June, accusing it of supporting terrorism. Qatar quickly turned to other countries like Turkey to help replace the supplies ... Read More »

Qatar tops world with 10.5% average growth rate for 20 years

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Doha: Qatar has been ranked first in the world index of countries that have achieved record economic growth in 20 years from 1997, according to a report carried by CNBC Arabia. Qatar achieved an average rate of 10.5% compound annual growth to come on top of the world. China ranked second with an economic growth rate of 9.1%, Ethiopia third ... Read More »

Trump’s personal attorney solicited $1 million from government of Qatar


Michael Cohen, President Trump’s personal attorney, solicited a payment of at least $1 million from the government of Qatar in late 2016, in exchange for access to and advice about the then-incoming administration, according to the recipient of the offer and several others with knowledge of the episode. The offer, which Qatar declined, came on the margins of a Dec. ... Read More »

Qatar crisis will persist for years — analysts


Almost a year on, experts see no end in sight for the Qatar crisis. “The Qatar crisis is a zero-sum game, and as long as Shaikh Hamad rules Qatar from behind the scenes, Doha’s obistancy will continue and there will be no solution in sight to the row,” Dr Ebtisam Al Ketbi, President of the Emirates Policy Centre said yesterday. ... Read More »

QIB, INJAZ Qatar in deal to launch financial literacy programme for students


DOHA: Qatar Islamic Bank (QIB) has signed an exclusive agreement with INJAZ Qatar to sponsor a three-year financial literacy programme for select high schools and universities in Qatar. The agreement was signed by QIB Group CEO Bassel Gamal and his INJAZ Qatar counterpart Emad al Khaja, at the bank’s headquarters at Grand Hamad Street. The QIB-INJAZ collaboration will launch a ... Read More »

Qatargas CEO gets Al Attiyah global energy award


Doha: Qatargas CEO Sheikh Khalid bin Khalifa al Thani, on Monday was named the winner of the 2018 Abdullah Bin Hamad Al Attiyah International Energy Award for Lifetime Achievement for the Advancement of the Qatar Energy Industry. Speaking on behalf of former energy minister Abdullah bin Hamad al Attiyah, Dr Ibrahim Ibrahim, Vice Chairman at The Al Attiyah Foundation, said,”Sheikh ... Read More »

Qatar to supply oil products to Vietnam over 15 years


DOHA: The state-owned Qatar Petroleum (QP) has signed an agreement to supply Vietnam with up to two million tonnes of LPG and Naphtha per year for a period of 15 years, the company’s management announced in statement today. The agreement was signed between the Qatar Petroleum for the Sale of Petroleum Products Company Limited (QPSPP) and Long Son Petrochemicals Company ... Read More »

Intellectual property rights protects economy from negative practices


DOHA: Economy and Commerce H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani said Qatar’s efforts in the field of promoting intellectual property rights has helped in protecting the national economy from the repercussions of the negative trade practices as the state has worked on developing and modernising the legislations and laws that aim to protect intellectual property rights, ... Read More »

Qatar economy proved resilient to blockade


DOHA:  Qatar’s economy has proven its resiliency and robustness as it swiftly recovered from the effects of this blockade, Qatar First Bank (QFB) Chairman Abdulla bin Fahad bin Ghorab Al Marri has stated. Addressing QFB’s Annual General Meeting (AGM) yesterday, Al Marri said: “2017 was a challenging year for all financial institutions in the country, amid the ongoing illegal blockade ... Read More »

Qatar-Georgia investment protection pact on cards


DOHA: Ambassador of Qatar to Georgia, H E Mubarak bin Nasser Al Khalifa has said that an agreement between Qatar and Georgia to enhance and protect investments will be soon signed. “Soon a joint agreement between two countries aimed at enhancing and protecting bilateral investments will be finalized for which discussions are underway,” he said while talking to a group ... Read More »

Qatar Insurance Group and Qatar Rail sign agreement


DOHA:  Qatar Insurance Group signed a partnership agreement with Qatar Rail yesterday under the patronage and presence of Prime Minister and Interior Minister, H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani, and Minister of Transport and Communications, H E Jassim bin Saif Al Sulaiti, and top rank officials for naming the West Bay station as Qatar Insurance Group ... Read More »

Qatar approves draft law on property ownership by foreigners


DOHA: Qatar announced approval of a draft law on regulating the ownership and use of properties by foreigners, media reports said . The decision was announced during the cabinet meeting chaired by Qatari Prime Minister Sheikh Abdullah bin Nasser Al Thani. The draft law said that non-Qataris might own and use properties under specific conditions, Xinhua reported. The law applies ... Read More »

Qatar non-oil exports at R5.6bn in 1 despite embargo


DOHA:  Qatar’s non-oil exports for the first quarter of 2018 touched QR5.64bn, up 15.1 percent or QR4.9bn, compared to the same period in 2017, according to the monthly report of Qatar Chamber as reported by the Peninsula. According to the Chamber, in March, Qatar exported goods and services to about 57 countries, including 11 Arab countries and GCC, 10 European ... Read More »

Qatar’s non-oil exports touched R5.6bn in 2018


DOHA: Qatar’s non-oil exports jumped by 15.1% to reach QR5.64bn in the first quarter of 2018 compared to the QR4.9bn recorded in the same period last year, according to Qatar Chamber’s latest monthly report. The report said the total value of non-oil exports in March 2018 reached QR1.4bn, compared to QR1.8bn in March 2017, or a 22% decrease. Qatar Chamber ... Read More »

Tech entrepreneurs key to Qatar’s economic development


DOHA: Qatar progresses towards its ambitious National Vision 2030 plan for a more diversified, knowledge-based and sustainable economy, there are boundless opportunities for technology pioneers and innovators to play a leading role in the country’s economic development. That was the message from the keynote address on day two of the inaugural Qatar-India Business and Investment Conference (QIBIC), organised by the ... Read More »

Qatar set to emerge as top investment destination


DOHA: Qatar is looking at India as an important investor destination. The launch of Qatar’s world-class port will further bolster the trade relations between the two countries, Minister of State for Foreign Affairs, H E Sultan bin Saad Al Muraikhi has said . The Minister was formally opening the inaugural edition of  Qatar India Business and Investment Conference (QIBIC) here ... Read More »

Qatar abattoir suspended due to ESCAS breaches


DOHA: A statement from the Department of Agriculture and Water Resources – the live export industry’s ‘independent regulator’ – said Animals Australia provided new information, including video footage, on April 9 this year, alleging ESCAS breaches in Qatar. The allegations included apparent on-selling of sheep to private buyers from the approved supply chain and mishandling of sheep at an ESCAS ... Read More »

Qatar raises record $12 bn in first bond sale since 2016


DOHA: Qatar raised USD 12 billion in its first dollar bond sale in two years and it is the biggest dollar bond from an emerging-market nation this year, according to Bloomberg. Yesterday’s sale eclipsed Saudi Arabia’s USD 11 billion bond issued earlier this week and received more than USD 53 billion. It is the first time Qatar has returned to the international bond market since the emirate found itself at the centre of ... Read More »