Doha, Qatar – The Qatari economy has reported a growth rate of 2.7 percent during the first quarter of 2023 compared to the same period in 2022, according to data released by the country's Planning and Statistics Authority. The quarterly Gross Domestic Product (GDP) estimates at constant prices reached approximately...

DOHA, QATAR - The Ministry of Finance announced that the budget of Qatar for the second quarter of the year 2023 recorded a surplus of US$2.7 billion (QR 10 billion). In its briefing on the actual data of Qatar's budget in the second quarter (Q2) of 2023, the ministry said...

DOHA, QATAR - Qatar Credit Bureau signed a memorandum of understanding (MoU) with the Supreme Judicial Council (SJC) pertaining to sharing credit and judicial data and information. The MoU was signed by CEO of Qatar Credit Bureau Sheikha Maryam bint Khalifa Al-Thani and SJC's Enforcement Department director Judge Nabil Abdullah...

Doha, Qatar - Ooredoo Group has announced new partnerships with Tech Mahindra and Google Cloud that will see the company accelerate its digital transformation in six operating companies across its global footprint. Powered by Google Clouds API Management Platform (Apigee), with Tech Mahindra as implementation partner, Ooredoo's IT operations will...

Its net profit jumped to US$77.19m as against US$37.63m.

Doha, Qatar - The residential property market in Qatar is grappling with a dual challenge of decreased demand and increased supply, a result of the construction boom surrounding the FIFA World Cup 2022, says Knight Frank, a global real estate consultancy, in its latest report. Faisal Durrani, Partner and Head...

Doha, Qatar - Qatar Finance and Business Academy (QFBA) has signed a cooperation agreement with Education Above All Foundation to provide educational opportunities for underprivileged students of both genders. This will enable them to continue their higher education at QAFB in collaboration with Northumbria University, for both bachelor's and master's...

Roni Tohme, the Acting CEO, has been confirmed as the CEO.

The closed-door meeting was one of the highest-level known gatherings of US and Afghan government officials in months, with the Washington team headed by Special Representative Thomas West and Kabul's by Foreign Minister Amir Khan Muttaqi. The US statement did not, however, identify the Afghan representatives -- describing them only...

A jump of 28 percent in net profit vis-a- -vis H1 2022.

The first half 2023 profit of $9.64m was 25% less than that of H1 2022.

Doha, Qatar -Qatar Airways, British Airways, and Iberia have come together to form a new joint venture In a move to expand international travel options.. The partnership aims to provide seamless connectivity for global travelers through major hubs in Doha, London, and Madrid, covering over 60 countries. With the addition...

Doha, UAE - The Commercial Bank, a Qatari public shareholding company, experienced an 8.5 percent upswing in net profit, reaching $421.38 billion in the first half of 2023, compared to a net profit of QR 1,432 billion ($388.32 billion) for the same period last year. The figures issued by the...

QNB set aside $1.3 billion as provision for loan losses.

DOHA, QATAR -  New data from Qatar Tourism (QT) revealed that the country welcomed 253,191 cruise visitors during its 2022-23 season (Dec. 2022 March 2023), an increase of 151 percent compared to the previous season (100,500 visitors). This sharp uptake in visitor figures is particularly impressive given that this year's...

Doha, Qatar - Qatar Chamber and Tajikistan Chamber of Commerce and Industry signed Sunday an agreement to establish a Joint Business Council (JBC) between the two chambers. The Joint Business Council aims to facilitate communication between the two parties to increase trade and economic cooperation between the two countries. It...

The two firms will offer AI Digital Contact Centre Platform.

ran said last week it had been engaged in indirect negotiations with the United States through Oman, with nuclear issues, US sanctions and detainees on the agenda. The following day, Iran's nuclear negotiator said he had met with diplomats from three European countries in Abu Dhabi to discuss a number...

It is expected to propel Qatar as an investment hub.

The agreement, to supply four million tons annually to the China National Petroleum Corporation (CNPC), matches the terms of a November deal with China's Sinopec as the longest ever seen in the industry.

According to Qatar's foreign ministry, Doha will reopen embassy in Abu Dhabi and its consulate in Dubai immediately. The UAE too will throw it embassy open in Doha. The UAE's Foreign Minister, Sheikh Abdullah bin Zayed, spoke to Sheikh Mohammed bin Abdulrahman Al-Thani, Qatar's Prime Minister and also its Foreign...

DOHA, QATAR- The Industrial Production index (IPI) of Qatar for April 2023 reached 106.4 points which is an increase of 2.8 percent compared to the previous month (March 2023), and increased by 2.1 percent, when compared to the corresponding month in 2022. The index of the mining sector showed an...

Tehran, Iran--Qatar and Iran are looking to boost monetary and banking cooperation that would propel all-round development of trade between the two countries. In this connection, the governors of the central banks of the Islamic Republic of Iran and Qatar held talks in Doha. Iranian central bank governor Mohammad Reza...

DOHA, QATAR -  The Communications Regulatory Authority (CRA) has announced the provision of maritime radio station licensing services for small ships in Al Khor and Al Ruwais cities, including the issuance, renewal, amendment and cancelling of the maritime radio station licenses. Through these services, CRA aims to process the requests...

Doha, UAE - Saudi Arabia and Qatar on Monday signed a memorandum of understanding (MoU) to enhance cultural cooperation in a move to strengthen bilateral ties.  The agreement was signed between the visiting Saudi Minister of Culture, Prince Badr Bin Abdullah Bin Farhan and his Qatari counterpart, Sheikh Abdulrahman bin...

The state-owned hydrocarbon giant will supply 1.5 million tons annually starting in January 2026, the Qatari firm said at the signing ceremony in Doha. "It can reach up to 1.8 million tons annually under the contractual arrangement," said Qatari Energy Minister Saad Sherida al-Kaabi, who is also head of QatarEnergy.

DOHA, QATAR- Thousands of cryptocurrency industry developers have left the United States because of its negative stance towards the sector, the head of one of the pioneer exchanges told an international forum on Thursday. Despite a "wild year" of scandal and failure in 2022 when the FTX exchange and a...

International markets have been unnerved by the battle between US President Joe Biden and opposition Republicans on US borrowing limits with an early June deadline looming. Some Republicans have questioned whether a quick agreement with the US administration is necessary to avert a painful default.

DOHA, QATAR -  Qatar Airways' chief executive on Tuesday doused hopes that the aviation industry can become carbon neutral by 2050, saying he was "very skeptical" about the target. Not enough sustainable aviation fuel is being produced, and technological hurdles remain to using hydrogen as a replacement, Akbar Al Baker told...

Air strikes and artillery exchanges shook the Sudanese capital and armed men ransacked the Qatari embassy as the country's warring generals kept up their struggle. Khartoum residents said that heavy fighting raged despite repeated global calls for a truce. The area around the state television building in Omdurman was also...

The Occupational Heat Stress conference in Qatar, which focused on climate change and how rising temperatures threaten workers' health, heard that tens of thousands of workers around the world have died from chronic kidney disease and other illnesses linked with extreme heat over recent decades.

Doha, Qatar-- Uzbekistan has called for establishing a joint forum for businessmen in Doha or Tashkent to review investment opportunities in both the countries. The appeal was made by the visiting Minister of Investment, Industry, and Trade, Laziz Kudratov. During his meeting with Qatar Chamber Chairman, Sheikh Khalifa bin Jassim...

Doha, Qatar - Fifty companies listed on Qatar Stock Exchange (QSE) have reported a combined net profit of $3.45 billion for the first quarter of 2023. This represents a decrease of 10.04 percent from the same period last year, where the net profit was $3.85 billion. The industries sector saw...

Doha, Qatar - Inbound visitors to Qatar surged by 183.5 percent YoY in March, according to the 111th issue of the Qatar Monthly Statistics bulletin by the Planning and Statistics Authority.  The total number of visitors reached 433,000 in the month, an increase of 11.3 percent compared to February 2023....

Doha, Qatar -- Qatar's private sector exports hit QR 9.1 billion ($2.49 billion) in the first quarter of 2023, representing a 17.5 percent growth year-on-year (YoY) compared to QR 7.73 billion in Q1 of 2022.According to Qatar Chamber's quarterly report issued Tuesday, exports through the General Model amounted to QR...

The company reported an increase in its EPS to QR 0.014.

Envoys from the United States, China and Russia as well as major European aid donors and key neighbors such as Pakistan are among representatives from about 25 countries and groups called to the two days of talks by UN Secretary-General Antonio Guterres. The Taliban government has not been invited.

Seeking a "durable way forward" for the war-scarred Afghanistan, the UN Secretary-General Antonio Guterres is convening an international meeting in May. The closed-door gathering will feature special envoys on Afghanistan from various countries who aim to "clarify expectation" on concerns including the Taliban authorities' restrictions on women.

DOHA, QATAR - Qatar expects more than five million people to visit the Gulf state in 2023 despite a post-World Cup lull, its tourism chief said on Sunday. Akbar Al-Baker, head of Qatar Airways and Qatar Tourism, admitted that hotels had fallen quiet after the World Cup final on December 19....

Most of the participants, in the poll from as far away as Egypt and Lebanon, picked up Dubai to celebrate the festival in, with Doha coming at a distant second.

Doha, Qatar - QatarEnergy has agreed to hold a 25 percent share in the Gas Growth Integrated Project (GGIP) - a multi-billion-dollar project aimed at monetizing and developing the natural gas resources of Iraq. The GGIP consortium will be composed of Basra Oil Company (30 percent), TotalEnergies (45 percent), and...

Doha, Qatar - The Producer Price Index (PPI) of the industrial sector in Qatar for February. 2023 declined 3.42 percent from the previous month and 7.23 percent year-over-year, official data showed Friday. Planning and Statistics Authority (PSA) has released the new monthly PPI of the Industrial sector for February 2023,...

Doha, Qatar - Qatar Gas Transport Company Ltd. (Nakilat), the largest LNG shipping fleet owner in the world, announced that it had obtained all the necessary approvals to raise the ceiling for non-Qatari ownership in the company’s capital to 100 percent. In a statement posted on the website of the...

Rusesabagina was released late Friday after 938 days in prison under an accord, mediated by Qatar, between the US government and Rwanda. Reportedly in fragile health, Rusesabagina stayed at the Qatar ambassador's residence in Kigali before flying to Doha. Qatar authorities did not immediately confirm his arrival in the Gulf...

Doha, Qatar--Doha port received on Thursday the cruise ship MSC World Europa carrying 5,613 tourists and a crew of 2,121. They will be joined later by 555 tourists from Doha to a new itinerary to a number of tourist stops in the region. The cruise sector in Qatar has contributed...

Doha, Qatar - The volume of trade exchange between Qatar and Russia reached QR 566 million ($143 million)  in 2022, Qatar Chamber board member Eng. Ali Abdullatif Al Misnad said during Qatari-Russian Business Council that was held on Wednesday via video conferencing with the participation of many representatives of a...

DOHA, QATAR -  Qatari prosecutors have charged former finance minister Ali Sharif Al-Emadi with bribery, money laundering and a range of corruption charges, the state news agency said Sunday. Al-Emadi, 54, was arrested in May 2021 when he was one of the most influential business executives in the Middle East. He...

Doha, Qatar--In a sign of growing business ties between Qatar and France, trade between the two countries has increased by 165 percent to $4.5 billion in 2022, compared with $1.70 billion in 2021. Qatar Chamber recently participated in the Arab French Economic Summit 2023 which was held in Paris under...

The Gulf kingdom is pursuing ambitious aviation goals as part of Crown Prince Mohammed bin Salman's wide-ranging "Vision 2030" reform agenda, including more than tripling annual traffic to 330 million passengers by the end of the decade. It also wants to move up to five million tons of cargo each...

Doha, Qatar-- In order to ensure education for children in the least developed countries of Asia and Africa, Qatar Fund for Development (QFFD) and the Education Above All Foundation (EAA) signed four Memorandum of Understandings (MoUs) with Senegal, Bangladesh, Liberia, and Burkina Faso. The four MoUs focus on opportunities to...