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GCC markets update

GCC markets update: QE, DFM and Tadawul

Follow our live blog below to stay abreast of news and updates across the GCC markets

Green Economy Partnership headquarters set up in Doha GettyImages-1478734145

Green Economy Partnership headquarters set up in Doha, Qatar

The organisation aims to amplify its impact on global climate initiatives, emphasising collaboration with governments and the implementation of CO2 removal projects that fall under Article 6 of the Paris Agreement

italy LNG supply

Qatari LNG tankers resume course through Red Sea

Several of Qatar’s LNG tankers have resumed sailing through the Red Sea after having been stopped since January 13

QNB Group’s full-year net profit jumps 8%

QNB Group posts QAR15.5bn in full-year profit

The banking group had QAR1.23tn in total assets at the end of December, a 4 per cent increase, driven by growth in loans and advances

Football fever: Qatar gears up for AFC Asian Cup, other key events in Q1 2024 image Getty Imges

Football fever: Qatar gears up for AFC Asian Cup, other key events in Q1 2024

Qatar will welcome football fans from around the region for the AFC Asian Cup being held from January 12 – February 10 this year

The 12 cheapest tax-free countries for expats to relocate

For expats looking for the cheapest tax-free destinations to live in, this list from an insurance company might be an interesting guide

Qatar sets up a $275m market-maker fund

US exported more LNG than Qatar in 2023, say analysts

Liquefied natural gas exports from the US outpaced those from Qatar and Australia, according to latest tanker tracking data

Qatar sets up a $275m market-maker fund

Qatar to supply crude oil to Shell in five-year deal

Gulf state Qatar is set to supply Shell in Singapore with up to 18 million barrels of oil a year for five years

Masdar

Top marks for GCC nations in digital connectivity index

Countries in the GCC are ranking among the highest in the world when it comes to the state of their digital connectivity in 2023

QATAR AIRWAYS - NEOM

Watch: Qatar Airways lands its first flight at NEOM Bay airport

Qatar Airways announced two weekly flights to NEOM Bay with Airbus A320 aircraft starting December 9

Qatar growth ‘normalising’ after World Cup boom — IMF

Economic expansion in Qatar is starting to normalise after the 2022 World Cup, according to a team from the International Monetary Fund.

Sinopec, QatarEnergy sign 27-year LNG supply deal

Sinopec signs new 27-year LNG supply deal with QatarEnergy

The deal, signed at the China International Import Expo in Shanghai, is the third long-term supply deal between the two entities

Marriott launches its first co-branded credit card in Qatar (Image: Supplied by Marriott International)

Marriott launches its first co-branded credit card in Qatar

Cardholders can earn Marriott Bonvoy points on local and international spends as well as on their stays at more than 8,000 hotels around the world

Most GCC central banks hold interest rates unchanged

UAE, Qatar central banks hold interest rates, tracking US Fed move

GCC central banks normally change their interest rates in lockstep with the US Fed as Gulf states’ currencies are pegged to the dollar

italy LNG supply

Italy’s LNG deal with Qatar shows how hard it is to quit gas

Key to natural gas’ staying power in Italy’s generation mix is the country’s high level of industrial energy demand

Qatar

Qatar Airways CEO Akbar Al Baker to step down, successor to be named soon: Report

Reports said that Qatar’s Emir Sheikh Tamim bin Hamid Al Thani had replaced Al Baker as the country’s top tourism official

QNB Group’s nine-month net profit surges by 8%

QNB Group’s nine-month net profit surges by 8%

The bank’s deposit base rose by 4 per cent between January and September to reach $226bn

Qatar Airways expands network in Saudi Arabia (Image: Sourced from Qatar Airways Media Newsroom)

Qatar Airways expands network in Saudi Arabia

The airline will launch services to AlUla and Tabuk, and resume flights to Yanbu

Qatar foundation stone laid for North Field Expansion Project Image courtesy QatarEnergy

Qatar begins work on major gas field expansion project

Along with LNG, the North Field expansion project will produce 6,500 tonnes per day of ethane gas, which will be used as feedstock in petrochemical industries

expo 2023 doha

Doha Expo 2023: All you need to know about the International Horticultural exhibition

Doha Expo 2023 will draw international visitors and organisers from 80 countries who will showcase their respective flora and fauna

Hilton takes over management of The Plaza Doha (Image: Supplied by Hilton)

Hilton signs management agreement for The Plaza Doha

The hotel is included within its LXR Hotels and Resorts portfolio

World Padel Tour

Qatar Sports Investments acquires World Padel Tour

The agreement will consolidate the sport’s two biggest professional tours into one under the name Premier Padel

Reliance Retail gets QIA backing

Qatar to invest $1bn in Mukesh Ambani’s Reliance Retail

Reliance Retail is India’s largest retail house with 26 brands that range from grocery, consumer electronics, fashion to pharma

Manchester United get fifth bid from Qatar

Qatar’s Sheikh Jassim wins Manchester United takeover bid: Reports

The sale of Manchester United has been a long-drawn process with the current owners the Glazers reportedly weighing their options

Qatar Airways to increases frequency to New York (Image: Sourced from Qatar Airways Newsroom)

Qatar Airways to increase frequency to New York

The airline will operate thrice-daily services from Doha to New York starting October 30

Abesq Doha Hotel and Residences opens in Qatar (Image: Supplied by Abesq Doha Hotel and Residences)

Abesq Doha Hotel and Residences opens in Qatar

Located in the city centre, it features 283 rooms, suites and serviced apartments

Hamad International Airport

Hamad International Airport rolls out digital wayfinding solution

Distributed across the airport, wayfinding and directory devices with QR codes will allow passengers to get from one point to another

Element West Bay by Westin (Image: Supplied by Element by Westin)

Marriott opens Element West Bay by Westin in Doha

The hotel has 180 studio, one-, two-, three- and four-bedroom apartments

ENOC Qatarenergy sign agreement Image Dubai Media Office_Enoc

UAE’s ENOC Group, QatarEnergy ink 10-year condensate supply deal

The agreement allows the companies to further raise the condensate volumes

QNB Group’s H1 net profit jumps 8% to $2.1bn

QNB Group’s H1 2023 net profit jumps 8% to $2.1bn

The bank’s operating income jumped 14 per cent year-on-year to QAR18.5bn compared to the same period a year earlier