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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 »

Qatar has supplied less than half UK’s LNG so far in 2018


DOHA: The UK has been receiving fewer Qatari LNG deliveries while increased availability from other LNG-producing countries has allowed historically less- active UK terminals to ramp up regasification levels, an analysis by S&P Global Platts showed Wednesday. The UK has been heavily reliant on Qatari LNG supply in recent years. It received 87% of its LNG from the Middle Eastern ... Read More »

Enterprise Florida plans Qatar mission to explore investment


DOHA: Qatar to explore investment opportunities in the country, said CEO Peter Antonacci. He said this after meeting HE the Minister of Economy and Commerce Sheikh Ahmed bin Jassim bin Mohamed al-Thani on the sidelines of the “Economic Tour” in the US. During the meeting, they discussed the prospects of co-operation in many fields and highlighted the investment incentives provided ... Read More »

Qatar investments provide thousands of US jobs


DOHA: Qatar’s Minister of Economy and Commerce has revealed that the government has increased its investments in the United States over many years, creating thousands of jobs across the country. These investments include partnerships with several American companies, such as ExxonMobil, ConocoPhillips and Raytheon. Sheikh Ahmed Bin Jassim Bin Mohammed Al-Thani made his comments during the opening of the Qatar-US ... Read More »

Qatar’s economic roadshow begins in Miami


DOHA:  Government officials and over 200 businessmen and officials from Qatar gathered in Miami to launch a multi-city Qatar Roadshow to highlight economic and culture partnerships with key American cities. The roadshow features a high-level delegation from Qatar and includes representatives from the Ministry of Economy and Commerce, Ministry of Energy and Industry, Qatar Investment Authority (QIA), Qatar Chamber, Qatar ... Read More »

Qatar offers gas to UAE at very competitive terms


DOHA: Qatar, which is further “fortifying” its economy against the economic blockade that is entering 10th month today, yesterday said it had offered the UAE gas at very competitive terms, as it believed in the Gulf agreements and integration. “We are going to fortify our economy more through the second National Development Strategy (NDS) 2017-22,” Dr Ibrahim Ibrahim, economic adviser ... Read More »

Qatar VAT compliance driving digital transformation


DOHA: Tax authorities in the GCC are starting to use sophisticated digital platforms that require taxpayers to submit data in real time or near-real time prompting companies in the GCC to enhance their digital capabilities. This is changing the way businesses collect, format and report tax information, and accelerates reporting and filing obligations. Sherif El Kilany, MENA Tax Leader at ... Read More »

Qatar petroleum raises foreign ownership in its Subsidiaries to 49 Percent


DOHA: Qatar Petroleum (QP) has directed the companies concerned to initiate the necessary steps to implement this decision, while also increasing the shareholder ownership limits in these companies up to no more than 2 percent. As a result, Qatar Electricity and Water Company, WOQOD, Gulf International Services Company and Mesaieed Petrochemical Holding Company will take appropriate measures in the next few ... Read More »

Qatar Petroleum announces increase in non-Qatari ownership


DOHA: Qatar Petroleum has announced raising the non-Qatari ownership limit in the energy sector companies and in its subsidiaries listed on the Qatar Stock Exchange to 49%, and raising the shareholder ownership limits in these companies to no more than 2%. Qatar Petroleum has also asked the concerned companies to take the necessary measures and steps to implement this decision. ... Read More »

Qatar posts 2% real growth in non-hydrocarbons


DOHA: Qatar register an healthy about 2% year-on-year real growth in the fourth quarter (Q4) of 2017, according to the official figures. The country’s gross domestic product, or GDP, at constant prices (base year 2013) fell 2.3% compared to the third quarter of 2017 despite stronger non-hydrocarbons; said the figures released by the Ministry of Development Planning and Statistics (MDPS). ... Read More »

Qatar HBKU plans to launch Innovation Center


DOHA: To support industrial sector of the country by inventing scientific solutions for their problems, Hamad Bin Khalifa University (HBKU) will launch an Innovation Center. Talking to media persons on the event of launch of ‘Makerspace’ initiative, President of HBKU, Dr. Ahmad M Hasnah, said that among other initiatives to be launched by the university was the establishment of an ... Read More »