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Thursday , August 24 2017
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Qatar

Qatar Solar snaps up 49% of Germany’s SolarWorld

QATAR

  DOHA: Qatar Solar Technologies (QSTec) has purchased a 49% stake in what is left of SolarWorld AG in a deal that is considered as a lifesaver for the German photovoltaics (PV) manufacturer. The acquisition was unveiled at a press conference in Berlin on Friday and confirmed by Qatar Solar. Under its terms, the Qatar Foundation, through Qatar Solar, will ... Read More »

Airbus slashes A380 superjumbo production

QATAR

DOHA: Airbus said it will almost halve production of its slow-selling A380 superjumbo, casting further doubt over the program’s future, while warning that engine glitches are still weighing on deliveries of the single-aisle A320 that’s due to become its largest-volume model. The A380 build rate will be reduced to eight jets a year in 2019, down from 15 this year ... Read More »

Qatar remains financially stable’: Doha Bank CEO

QATAR

DOHA: Qatar has remained resilient amid the Gulf crisis, according to the chief executive officer of Doha Bank, who described the country’s financial system as “stable and functional.” “These are changing and challenging times. Qatar has proved to be resilient,” Doha Bank CEO Dr R Seetharaman said in a statement. He said Qatar’s total reserves stood at “$340bn, including assets ... Read More »

Investors from siege nations seek openings in Qatar

QATAER

DOHA: As Saudi led blockade on Qatar goes beyond 60 days, many entrepreneurs from blockading countries are keen on not missing out on opportunities in Qatar. A recent call for investments in Qatar saw wide response from investors based in these countries. “Own Your Factory in Qatar” initiative, by the Single Window project had called for investors in some 250 ... Read More »

Qatar to purchase 7 navy ships from Italy amid Gulf crisis

QATAR

DOHA: Amid the diplomatic crisis, Gulf state Qatar is set to purchase seven naval vessels from Italy, country’s foreign minister announced the deal in Doha. The purchase of naval vessels is a five billion euro deal. The deal is hailed display of Qatar’s purchasing power despite a blockade from neighboring countries by news agency AP. However, they did not provide ... Read More »

Qatar signs Lewandowski’s old firm

QATAR

DOHA: The Qatari government has signed Avenue Strategies Global, a sister firm of the lobbying shop co-founded by Donald Trump’s former campaign manager, Corey Lewandowski, as it scrambles for favor in Washington in its ongoing standoff with Saudi Arabia and its allies. Lewandowski founded Avenue Strategies with Barry Bennett, another Trump campaign veteran, after Trump’s victory last year but left ... Read More »

QFB records QR185m revenue in H1

QAYATR

DOHA: Qatar First Bank , a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange (QSE), has recorded revenues of QR185m and a loss of QR76.7m for the 6-month period ended June 30, 2017. Ayman Zaidan, Head of Treasury and Investment Management, said: “As the global investment market continues to go through major challenges, QFB ... Read More »

Qatar announces new airport tax for passengers

QATAR

DOHA: Qatar’s government will levy a new airport tax on passengers from Tuesday, according to a circular to travel agents, as the country seeks new revenue streams amid falling oil prices. Every passenger leaving Qatar from Doha’s Hamad International Airport, including transit passengers, will be charged 35 riyals ($9.61) for using airport facilities, Qatar Airways advised local travel agents in ... Read More »

Qatar calls for ‘dialogue’ to resolve Gulf crisis

QAYTAR

DOHA: Qatar’s foreign minister called for “dialogue” on Wednesday to resolve the Gulf diplomatic crisis, accusing Arab states that have cut ties with Qatar of trying to undermine the nation’s sovereignty. “Qatar continues to call for dialogue,” Sheikh Mohammed bin Abdulrahman Al-Thani told the Chatham House think tank in London, as the Arab states held talks in Egypt to discuss ... Read More »

Feds seize $90,000 from family bound for Qatar

QATARRRRRR

DOHA: A Michigan family flying to the Middle East learned a hard lesson about honesty last week at Philadelphia International Airport. Officials with U.S. Customs and Border Protection said they found and confiscated $93,393 from a man, his wife, and their five children while they went through customs Wednesday to board a flight to Qatar. They could have kept it ... Read More »

OTC, GAC sign MoU for customs clearance services

QATAR

DOHA: The Ministry of Transport and Communications (MOTC) in its capacity as head of the e-Government Steering Committee and the General Authority of Customs (GAC) inked a memorandum of understating (MoU) with a view of further developing customs clearance services in Qatar. The MoUwas signed by Ahmed bin Abdullah Al Jamal, Chairman of GAC, and Hassan Jassim Al Sayed, the ... Read More »

Qatar Airways off laptop ban 

QATAR

DOHA: Qatar Airways joined two other major long-haul Gulf carriers on Thursday in getting off a US ban on laptops and large electronics in airplane cabins, despite facing logistical challenges amid the country’s diplomatic dispute with several Arab nations. Doha-based #Qatar Airways, Abu Dhabi-based Etihad, Dubai-based Emirates and Istanbul-based Turkish Airlines all have put security procedures in place to satisfy ... Read More »

Qatar Airways gets out from under US laptop ban on Middle East carriers

QATAR

DOHA: Qatar Airways joined two other major long-haul Gulf carriers on Thursday in getting off a US ban on laptops and large electronics in airplane cabins, despite facing logistical challenges amid a diplomatic dispute with several Arab nations. The Doha-based Qatar Airways, the Abu Dhabi-based Etihad, the Dubai-based Emirates and the Istanbul-based Turkish Airlines all have put security procedures in ... Read More »

Under-pressure Qatar says to boost gas production 30%

QATAR

DOHA: Energy-rich Qatar said Tuesday it plans to increase natural gas production by 30 percent over the next several years, as it faces pressure from its neighbours in a diplomatic crisis. Saad Sherida Al-Kaabi, the head of Qatar Petroleum, told a press conference that the emirate intends to raise production to 100 million tonnes of natural gas a year by ... Read More »

Qatar blockade underscores America’s world opportunity in natural gas

QATAR

DOHA: In recent weeks, geopolitical uncertainties have sent tremors through international energy markets, underscoring just how fragile countries’ access to critical resources are. With Saudi Arabia and its allies cutting diplomatic ties with Qatar, global access to the country’s bounty of natural gas supplies has come into question – and as the Washington Post recently indicated, “Qatar wields a potential ... Read More »

Qatar seen fastest growing in GCC despite blockade

QATAR

DOHA: The economic blockade by some Gulf neighbours may have only a short-lived impact on Qatar, which is still expected to be the fastest growing economy within the Gulf Cooperation Council (GCC) in 2017, according to Kamco Research. “We expect the current diplomatic uncertainties to have only a temporary impact (on Qatar), as a resolution seems imminent,” Kamco, which is ... Read More »

Qatar sees ‘decline in job opportunities’ amid GCC row

QATAR

DOHA: The number of jobs being advertised in Qatar has plummeted by an average of 20 percent each month since the start of 2017, according to a recruitment agency. Monster.com reported that its Monster Middle East Employment Index (MEI) indicated a steady decline in employment opportunities being advertised in Qatar since January. The month-on-month drop between January and June has ... Read More »

Qatar wealth fund said to inject dollar deposits in local banks

QATAR

DOHA: Qatar’s sovereign wealth fund has injected deposits into local banks to shore up liquidity as an ongoing Saudi-led campaign to isolate the gas-rich Arab state hurts lenders, according to people familiar with the matter. Qatar Investment Authority has placed billions of dollars of cash with Qatari lenders after some banks in Saudi Arabia, the UAE and Bahrain started withdrawing ... Read More »

Qatar wealth fund said to inject dollar deposits in local banks

QATAR

DOHA: Qatar’s sovereign wealth fund has injected deposits into local banks to shore up liquidity as an ongoing Saudi-led campaign to isolate the gas-rich Arab state hurts lenders, according to people familiar with the matter. Qatar Investment Authority has placed billions of dollars of cash with Qatari lenders after some banks in Saudi Arabia, the UAE and Bahrain started withdrawing ... Read More »

UAE follows Saudi Arabia, Bahrain by banning Qatari broadcaster

QATAR

DOHA: The UAE on Wednesday banned the sale of receivers and cards relating to Qatar-based broadcaster bein Sports. According to state news agency WAM, UAE authorities have warned that any shop found selling or renewing subscriptions for the sports network will be fined. It did not say whether existing subscriptions would be affected in any way. The move comes a ... Read More »