The annual expansion of more than 100 fuel stations in the Gulf countries add around US$500,000 per day to companies' revenues in each country in the region, say experts.

London, United Kingdom - A consortium led by a Qatari banker announced it had submitted an offer to take full control of Manchester United, with British billionaire Jim Ratcliffe also reported to have lodged a bid. Sheikh Jassim Bin Hamad Al Thani "confirmed his submission of a bid for 100 percent...

The merger was settled with Vision Insurance Company’s existing shareholders by Oman Qatar Insurance Company.

London, United Kingdom--Saudi Arabia has joined the race to buy Manchester United ahead of Friday's bid deadline, according to a report in Britain's Daily Telegraph, raising the stakes in what could be the most lucrative deal in sports history. The American Glazer family, who completed their takeover of the 20-times English...

The company's net profit in 2022 jumped to $278 million.

Experts say the deals could be a win-win for all sides, but unlike old Gulf largesse of unconditional aid, the new deals will require reforms. Cairo hopes the cash injection will plug what the IMF warns is "a financing gap of about $17 billion over the next four years".

The earnings per share amounted to QR 0.26.

To house millions of people who lost homes in the devastating earthquake, Qatar will send some 10,000 cabins and caravans used during the World Cup to Turkey and Syria. The UN estimates that many millions may be in need of help after the 7.8-magnitude quake killed some 33,000 and flattened...

The company saw a 9 percent increase in its net profit.

Established in 1999, UDC was first listed on the Qatar Exchange in June 2003.

Earlier in the last week of January, Bahrain's crown prince and Qatar's emir spoke by telephone. in a sign that the two Gulf countries are making effort to improve ties.

The UAE and few other countries figure at the top of the Transparency Index in the region, but this doesn't mean that they have an excellent performance globally, says an expert.

The bank’s earnings per share amounted to QR 0.25.

Kabul, Afghanistan-- Qatar has renewed its pledge to Afghanistan to help the war-ravaged country in fields of education, development, politics, and economy. This was reiterated in a meeting between the visiting Special Envoy of the Minister of Foreign Affairs for Counterterrorism and Mediation in Conflict Resolution Dr. Mutlaq bin Majed...

The airport recorded 39.5 million passengers in 2019 before the coronavirus pandemic struck, and last week announced that with the World Cup in November and December, numbers had recovered to 35.7 million in 2022.

Doha, Qatar-- Qatar has received more than 614,000 visitors during the month of December 2022, a monthly increase of 3.7 percent as against November 2022. The highest number of visitors were from the Gulf Cooperation Council at 40 percent. As for visitors by type of port, the visitors via air...

The Paris gathering is to be attended by representatives from France, the United States, Saudi Arabia, Qatar and Egypt. Lebanon is being run by a caretaker government and is also without a president as lawmakers have repeatedly failed to elect a successor to Michel Aoun, whose mandate expired at the...

Hours after the US Federal Reserve upped its target interest rate by a quarter of a percentage point, many central banks in the GCC region followed suit, raising their respective interest rates. Saudi Arabia, the UAE and Bahrain hiked it by 25 basis points while the central bank of Qatar...

In the coming years the Saudis, who watched as neighbors Qatar hosted the World Cup in November and December, will hold the women's Asian Cup, the Olympic-sized Asian Games and even the Asian Winter Games on artificial snow.

Saudi Arabia has won a seat on FIFA’s ruling Council before being set to be confirmed as host of the 2027 Asian Cup. The election win at the Asian Football Confederation’s annual meeting proves growing Saudi influence in global football.

MEEZA is a leading provider of end-to-end IT services in Qatar.

In 2021, the company's profit was $0.46 billion.

"This very important commitment gives us the opportunity to support Lebanon’s economic development, at this critical juncture. And I want to assure our brothers in Lebanon that Qatar will always be there in support of a better future for Lebanon and its people," he adds.

The deal will see the state-run QatarEnergy receive a minority 30 percent stake in two blocks of Lebanon's exclusive economic zone, according to Lebanese caretaker PM Najib Mikati. French company TotalEnergies and Italy's Eni will both retain 35 percent shares in the blocks.

Doha, Qatar-- Qatar's Planning and Statistics Authority (PSA) and Microsoft have signed an MoU to support the digital transformation in the emirate. The MoU will enable the Authority to implement projects, disseminate data and statistics, and support sustainability in line with Qatar National Vision 2030. Microsoft shall provide PSA with...

The second round is a continuation of the first round negotiations, which were organized in Rabat, Morocco, in November 2022

The American Glazer family, United's owners, began looking for new investment with British billionaire Jim Ratcliffe's company INEOS entering the bidding process.

The company made a profit of $62 million in Q4 2021.

Fitch and Capital Intelligence agencies also continued to rate Qatar's sovereign rating at the level of AA with a stable outlook, which reflects Qatar's strong creditworthiness.

The two ministers to explore cooperation in the fields of science and technology, agriculture, and education.

Doha, Qatar-- Qatar and European Union have discussed means to enhance economic and commercial relations in a meeting between Qatar Chamber First Vice-Chairman Mohamed bin Twar Al Kuwari and Thomas Jurgensen, Minister Counselor and the new head of Trade and Economic Affairs Section at the European Union During their meeting...

It will target Qatar-based small and medium enterprises.

BAGHDAD, IRAQ - The Civil Aviation Authority announced the work to conclude new air agreements with the Gulf states. A spokesman for the Civil Aviation Authority, Jihad Al-Diwan, told local media agency: "We have agreements with all Gulf countries and all Gulf national carriers that land in Iraqi airports, except for...

DOHA, QATAR -  Qatar Chamber First Vice-Chairman Mohamed bin Ahmed bin Twar Al Kuwari met with President of the Republic of Cuba Eng. Antonio Rodriguez and his accompanying delegation. The meeting touched on economic and commercial relations between both countries and ways to enhance cooperation between the Qatari private sector...

Hundreds of millions of euros worth of footballers were on view for the exhibition game in the Saudi capital, which comes just weeks after neighbouring Qatar spent lavishly on the first World Cup on Arab soil, won by Messi's Argentina. Among the packed crowd at the 69,000-seat King Fahd Stadium...

The firm's profit jumped to $294 million at the end of last year.

"It is unfair that many developing countries are demanded not to develop their special resources and to be independent in the field of energy, while they are still in need of development. Many countries see that rich nations are requesting them to stop developing their oil resources," he adds.

Doha, Qatar-- Qatar and Saint Lucia have signed an air services agreement allowing the Gulf country's airline to expand its network of destinations. The agreement was signed on behalf of the Qatari side by Minister of Transport Jassim bin Saif bin Ahmed Al Sulaiti, and on behalf of the State...

Doha, Qatar-- Qatar's Consumer Price Index (CPI) rose by 5.93 percent in December 2022 to reach 108.20 points, driven primarily by an increase in prices in the recreation and culture sectors. On monthly basis, the CPI increased by 1.24 percent when compared to CPI of November 2022. The CPI annual...

Doha, Qatar-- As a windfall of the FIFA World Cup, banks in Qatar are expected to build profits and shore up their capital base and liquidity position in 2023, according to media report citing analysts. Qatari lenders had immense tournament-linked lending opportunities that began years ago, and it will help...

The parliament has been the focus of intense scrutiny since the scandal broke open a month ago with the arrest of one of Metsola's 14 vice-presidents after Belgian police raided homes and offices of several MEPs, former MEPs, parliamentary aides and heads of NGOs that dealt with lawmakers.

Doha, Qatar--Doha Port has received the Italian cruise ship Costa Toscana of Costa Cruises, as part of the cruise's first tour in the Arabian Gulf region. The cruise ship has a capacity of about 6,500 visitors, and features a water park, 13 swimming pools and hot tubs, 13 restaurants and...

ABU DHABI, UAE - European countries will eventually resume higher imports of Russian gas, Qatar's energy minister and gas company CEO predicted on Saturday, warning that market volatility could last for years. Russian gas exports to Europe plunged after Moscow's invasion of Ukraine but Saad Sherida al-Kaabi, head of QatarEnergy,...

Hoekstra expressed his country's desire to continue working with Qatar on issues of common concern and to expand cooperation.

Doha, Qatar-- The number of building permits issued in Qatar in December 2022 decreased by 18 percent (527 permits), compared to (645 permits) issued in November 2022, the Planning and Statistics Authority said. The decrease was noted the most in the municipalities of Al Rayyan (47 percent), Al Khor (37...

The year 2022 witnessed several deals involving Gulf nations and leading natural gas consumer countries that seek to secure their LNG supplies in both near and distant future.

Doha, Qatar-- Qatar's quarterly gross domestic product (GDP) at constant prices increased by 4.3 percent year on year in the third quarter of 2022. According to data released today by the Planning and Statistics Authority, the quarterly GDP at constant prices is estimated at QR 175.028 billion ($47.78 billion) in...

Some investment trends that emerged at the tail end of 2022 — clean energy, consumer staples, retail, and infrastructure — will gain further impetus in 2023, says an expert.

The oil-rich kingdom, along with Egypt and Greece, is considering a bid to host world football's 2030 showpiece tournament, and Ronaldo's ambassadorial role will bring his reported earnings in the country to over $428 million. Ronaldo is expected to make his Al Nassr debut on Jan. 22.

both firms will establish a joint venture company, in which QatarEnergy will own a 70% equity share, and CPChem will own a 30%.