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...

Doha, Qatar--Qatar's bourse intends to open a new derivatives market that will allow investors to trade options and futures on local stocks and its equity index, the country's financial regulator said on Monday. The Qatar Financial Centre Regulatory Authority (QFCRA) issued a new regulatory framework for listed derivatives after a...

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 -- Qatar Chamber has established a committee for gold and jewelry to address issues facing this sector and work to develop it within the next five years as one of the country's important sector. QC board member and Chairman of the Committee Naser bin Suleiman Al Haider, who...

"To support productive Qatari farms in marketing their products directly and to ensure that consumers obtain their needs for fresh local vegetables, the agricultural product yards will continue to operate during Ramadan. The agricultural product yards programs was launched by the Ministry of Municipality," he adds.

Manchester United have received a second Qatari bid to buy the English football giants, British media reported. The reports said that Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber AI Thani, the chairman of Qatar Islamic Bank, had placed a second round offer. British billionaire Jim Ratcliffe made a revised...

Doha, Qatar--Qatar's General Tax Authority (GTA) has extended the deadline for submitting the tax return for 2022 for all entities subject to the income tax law for one additional month to end on May 31, 2023. Excluded from this extension are companies operating in the field of petroleum operations and...

Mohammed bin Salman has also worked to mend rifts with regional rivals like Qatar and Turkey, and even offered up the Gulf kingdom as a possible mediator for the war in Ukraine.

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-- Qatar has recorded $660 million worth real estate trading in sale contracts during the month of February. The data of the real estate analytical bulletin issued by the Ministry of Justice revealed that (382) real estate transactions were recorded during the month. Compared to January 2023, the real...

The central banks of Saudi Arabia, Bahrain and Qatar raised their benchmark borrowing rates after the US Federal Reserve raised its key interest rate by 25 basis points last night.

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-- Qatar’s Communications Regulatory Authority (CRA) released the National Blockchain Blueprint prepared in partnership with Hamad Bin Khalifa University (HBKU) and Qatar University (QU). The objective of the blockchain initiative is to identify and construct an effective legislative basis for blockchain, establishing a strong foundation for the government’s strategy...

The rival bidders, Qatari businessman Sheikh Jassim Bin Hamad Al Thani and British billionaire Jim Ratcliffe were invited to visit United this week although Sheikh Jassim did not travel to Manchester on Thursday, he sent a delegation. Sheikh Jassim and Ratcliffe are the only interested parties to publicly announce their...

Doha, Qatar -- Qatar's Industrial Production Index (IPI) hit 103 points in Jan 2023, rising by 3.5 percent compared to Dec. 2022, but decreased by 2.1 percent when compared to the corresponding month in 2022. Issued by the Planning and Statistics Authority, the IPI is a short-term quantitative index that...

The firm's revenue rose 14 percent to nearly US$2.4 billion.

The small and medium enterprises are an important component of the Qatari private sector, as they account for over 90 percent of private sector establishments and are a great source of employment, in addition to their role in promoting innovation and creativity in business activities, he adds.

Morocco has joined the bid by Spain and Portugal to host the centenary World Cup in 2030, according to its ruler, King Mohammed VI. The king said in a message delivered as he was named the winner of the African Football Confederation 2022 Award of Excellence in Kigali, where FIFA...

The expansion of infrastructure investment and medical insurance coverage will continue to drive premiums in 2023, albeit at a slower pace than in 2022, reports suggest.

The 2022 Corruption Perception Index says corruption is undermining democratic processes and fueling violence in the Middle East and North Africa region.

Doha, Qatar -- Qatar Central Bank (QCB) has issued treasury bills worth QR 3 billion ($832 million), attracting a total of QR 4.5 billion. QCB said in a tweet that one of bills, valued QR 1 billion had a tenor of one week and a yield of 5.005 percent. Another...

DOHA, QATAR - Just US$1.4 billion in new loans and grants were promised at a UN summit devoted to the world's poorest nations where UN leader Antonio Guterres had appealed for massive aid, officials said Thursday. A top UN envoy warned at the end of the five-day Least Developed Countries meeting...

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...

Sheikh Mohammed Bin Abdulrahman al-Thani takes charge at a time when Qatar’s economy is booming, posting a surplus of $24 billion in its 2022 budget, nearly a 55-fold surge from the 2021 figure of $439 million.

Doha, Qatar-- Qatar's Prime Minister Sheikh Khalid bin Khalifa bin Abdul Aziz Al Thani has resigned from his job, according to Qatar News Agency. And in the wake of the resignation, the country's Emir Sheikh Tamim bin Hamad Al Thani has appointed Sheikh Mohammed Bin Abdul Rahman Al Thani in...

The opening day of general debate at the once-in-a-decade summit saw no major announcement of desperately needed cash - apart from $60 million that host Qatar said it would give to United Nations programmes. Leaders of the world's major economies have been markedly absent from debate, which will last five...

UNCTAD’s Secretary-General Rebeca Grynspan and Deputy Secretary-General Pedro Manuel Moreno will lead the organization’s delegation to the fifth UN conference on LDCs (LDC5) taking place in Doha, Qatar from 5 to 9 March.

At the moment just 36 percent of the 1.25 billion people in the world's 46 poorest countries can plug into the internet, the International Telecommunication Union said. By comparison, more than 90 percent have access in the European Union. The ITU condemned the "staggering international connectivity gap".

Achim Steiner, head of the United Nations Development Programme, said that 25 of the 52 were spending more than a fifth of government revenues servicing external debt. "The situation right now for developing countries when it comes to national debt is indeed very, very serious," Steiner said.

Doha, Qatar - The Producer Price Index (PPI) of Qatar’s industrial sector declined by 1.75 percent in January 2023 when compared with the PPI of January 2022.  The PPI for January 2023 was 129.59 points, down 4.71 percent from December 2022. For mining and quarrying, the January PPI showed a...

Riyadh, Saudi Arabia--Saudi Arabia and Qatar on Friday condemned a call by an Israeli minister for a flashpoint Palestinian town to be "wiped out", with Riyadh describing it as "racist and irresponsible". Finance Minister Bezalel Smotrich, a far-right member of Israel's coalition government, made his comments on Wednesday, days after...

The GCC countries are likely to benefit from the relative stability in their financial covers due to high oil prices and strong energy exports in 2022, reports suggest.

Doha, Qatar-- Qatar is preparing to inaugurate the UN House in Doha, on the sidelines of the fifth UN Conference on Least Developed Countries (LDC5) which will be held in the capital from March 5-9. Sheikha Alya Ahmed bin Saif Al-Thani, Permanent Representative of Qatar to the United Nations Ambassador,...

Doha, Qatar-- The the SMEs sector grew by 2.6 per cent, as the number of operating factories in the state increased from 814 in 2021 to 835 last year, in addition to the presence of 430 new industrial licensed facilities, indicating that the volume of industrial investments amounts to $81...

The Gulf countries are also able to attract highly qualified and scientific expertise and skilled workers, and they possess the primary resources for the manufacture of chips and semiconductors, especially silicon extracted from sand, plastic and petroleum materials, he adds.

Profits soared 43 percent to 1.2 billion dirhams ($327 million) despite higher oil prices as the United Arab Emirates carrier bounced back strongly from a Covid-hit 2021. The year ended with a mass airlift of World Cup fans to and from Qatar, with 1,290 flights -- up to 30 a...

Doha, Qatar--Egypt and Qatar have signed an agreement to eliminate double taxation on income and prevent tax evasion and avoidance, according to a statement by the Cabinet on February 27. The agreement comes within the framework of bolstering bilateral economic relations and shoring up cooperation in several fields. It is...

Egypt is focused on rebuilding the state and infrastructure. The country has dropped unemployment levels from 18 percent to 7.2 percent in the current period as a result of launching of major projects in the past few years, which compensated for the decline in the private sector's contribution to growth...

In a show of solidarity with Iraq, UN head Antonio Guterres arrived in the country for the first time in six years, after a prolonged political crisis there. On arrival he said that he wanted to show solidarity with the people and the democratic institutions of Iraq, pledging support for...

The company did not offer any explanation for the decision.

The Social Insurance Law approved a number of amendments in the shares of those who are entitled, which resulted in an increase in the shares due, for the widow whose share in her deceased husbands pension was 75 percent if she was the only beneficiary to 100 percent, adds Khalifa...

Sports, social and marketing events, including various global activities and competitions, are likely to bring in more Saudi tourists, Qatar Tourism's data suggest.

Doha, Qatar-- Qatar Central Bank (QCB) issued treasury bills worth QR 1 billion ($274 million) for a one-week term in February, due on March 2, at an interest rate of 5.0050 percent. QCB had issued treasury bills worth QR 3 billion for a one-week term in February. The auction is...

Sales jumped 73 percent to 132.2 billion euros.

The surplus for Q4 2022 was 3.18 billion, compared to a deficit of $0.90 billion in the same quarter of 2021.

At the time of the approval, the budget was estimated to hit a deficit of QAR 8.3 billion. "The deficit estimate was a result of the expenses related to hosting the World Cup, including security and all events accompanying the FIFA World Cup Qatar 2022,”  said Qatar’s Finance Minister Ali...

Al Khater said that the total direct Qatari investments in the US amounted to about $69 billion, and that 856 US companies operate in the Qatari market.

Qatar-based Gulf International Service has successfully accomplished the merger.

Doha, Qatar—Logistics market in Qatar will outperform other Gulf Cooperation Council countries during the 2020-2026 period, a study says. The study by the Investment Promotion Agency in Qatar showed Qatar ranked among the first 20 percent of countries in the world and second in the Middle East based on performance...