#Qatar

QatarEnergy buys 50% stake in TotalEnergies solar project in Iraq

QatarEnergy buys 50% stake in TotalEnergies solar project in Iraq

The solar project, which will be developed in phases, will generate up to 1.25 GW at peak using 2 million bifacial solar panels

Qatar’s QNB reports 5.4% jump in third-quarter net profit

Qatar’s QNB reports 5.4% jump in third-quarter net profit

The lender reported a nine-month net profit of QAR12.7bn to September 30, up 7 per cent from the previous year

QatarEnergy expands fleet with six new QC-Max LNG vessels

QatarEnergy expands fleet with six new QC-Max LNG vessels

The ships, which will be built at China’s Hudong-Zhonghua shipyard, are the largest LNG vessels ever built, with a capacity of 271,000 cubic metres each

Qatar inks another 15-year LNG supply deal with Kuwait

Qatar strikes another 15-year LNG supply deal with Kuwait

The Gulf states agreed in 2020 to a 15-year deal for the supply of 3 mtpa of LNG from 2022, which will overlap with the new deal

Qatar on track to double economy by 2031: Here's what's driving growth

Qatar on track to double economy by 2031: Here’s what’s driving growth

Key growth sectors include real estate, construction, financial services, trade, manufacturing, logistics and tourism, the Standard Chartered report shared

How Msheireb Properties is redefining urban living in Qatar

How Msheireb Properties is redefining urban living in Qatar

Msheireb Properties’ CEO Ali Al Kuwari delves into the inspiration behind Msheireb Downtown Doha, its impact on the community, and the future of real estate in Qatar

Antony-Blinken-Israel

Middle East tensions: US State Secretary Antony Blinken dials GCC counterparts

Blinken has spoken to his counterparts in Saudi Arabia, the UAE and Qatar as tensions have ratched up in the region, in recent days

Qatari lender QNB’s net profit rises by 7% in H1 2024

GCC’s biggest bank QNB reports 7% rise in half-year net profit

The banking group had QAR1.3tn in total assets in the six months ending June 30, a 5 per cent increase compared to the same period a year ago

Qatar

Simaisma Project: Qatar announces mega-entertainment district

The Simaisma Project will incorporate cutting-edge construction technologies and utilise eco-friendly, locally sourced materials

Manhattan Beekman Place Qatar

Qatar lists its Beekman Place townhouse in Manhattan for $32m

Built around 1910, the 7,300-square-foot property boasts five bedrooms, two terraces, and a rooftop garden

UAE raises $1.5bn from 10-year bonds

UAE returns to bond market, raising $1.5bn in 10-year bonds

The debt is rated Aa2, the third-highest investment grade, by Moody’s and one step lower at AA- by Fitch Ratings

QatarEnergy 2023 profit drops 32% as gas prices cool

Qatar Energy 2023 profit drops 32% as gas prices cool

The energy firm’s profit was roughly in line with that of oil major Shell

GCC’s non-oil sector sees robust growth despite production cuts

GCC’s non-oil sector sees robust growth despite production cuts, ICAEW says

The overall GCC budget position is projected to remain somewhat in surplus this year, driven by robust financial standings and favourable credit ratings

How the GCC region is powering into the future

How the GCC is fueling the transition to clean energy

The energy transition presents the GCC region with opportunities for climate change mitigation and adaptation as well as economic diversification

Saudi Arabia, Qatar - GCC

Qatar-Saudi relations flourish with surge in business activity

For Qatar, a top liquefied natural gas exporter, it is a chance to strengthen ties with its Arab neighbour, as well as try to diversify its economy

QATAR VC firm Rasmal ventures launches debut fund GettyImages-520283407-e1714712344221

Qatar’s Rasmal Ventures launches $100m debut VC fund

While sector-agnostic, the fund will have a strategic focus on climate and energy tech, fintech, supply chain logistics, B2B SaaS and AI

Qatar’s QIA to buy 10% stake in China asset manager

Qatar sovereign fund agrees to buy 10% stake in China asset manager

The potential deal would make the fund the third-biggest shareholder in ChinaAMC, which manages more than $248m (RMB1.8tn) in assets

Saudi Arabia reportedly sells $5bn sukuk to plug deficit

Saudi Arabia issues $5bn in dollar-denominated sukuk, says report

The kingdom is turning to the debt market to find alternative funding sources to cover an anticipated fiscal shortfall of about $21bn this year

Qatar Airways sharjah

12 injured as Qatar Airways Dublin flight hits turbulence

A dozen passengers and crew sustained minor injuries during the flight and were receiving medical attention

hamad international airport crosses milestone 50 million passengers mark

Hamad Intl Airport surpasses milestone 50-million passenger mark

In April, Hamad International Airport was also named the world’s best airport, according to Skytrax, the world airline and airport rating programme

Qatar

Qatar’s economy grew 1.2% year-on-year in Q3 2023

The Gulf state posted a budget surplus of QAR1.4bn in the final quarter of 2023, which was used to reduce public debt

GCC weather rain

GCC-wide weather alert: Saudi Arabia, Bahrain, Oman, Qatar issue advisories

Saudi Arabia’s General Directorate of Civil Defence said that most parts of the kingdom will experience moderate-to-torrential thundershowers this week

UAE

Iraq, Turkey, Qatar, UAE sign preliminary deal for $17bn Development Road project

The project will establish a vital connection between Iraq’s Grand Faw Port in the south, renowned for its oil resources, and Turkey in the north

QatarEnergy acquires 23% of offshore Egypt block from Chevron

Amid massive LNG expansion, QatarEnergy bulks up shipping fleet

QatarEnergy has finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels

Saudi Arabia, Qatar - GCC

Lower GCC growth amid oil cuts, says Oxford Economics

GDP growth for Saudi Arabia in 2024 is expected to top 2.1 per cent, while growth in the UAE is set to reach 4.4 per cent

LNG expansion plans to squeeze out competitors

Qatar’s new LNG expansion plans to squeeze out competitors

The Gulf state plans an 85 per cent expansion in LNG output from its North Field’s current 77 million metric tons per year to 142 mtpa by 2030

Qatar investment authority launches $1bn VC fund image courtesy- Qatar news agency

Qatar Investment Authority’s new $1bn VC fund to boost startup ecosystem

The fund aims to close the current funding gap that exists for local and regional entrepreneurs

Qatar unveils new plan to further boost LNG production

Qatar plans new gas output boost amid global price collapse

The expansion may not be the last for Qatar as appraisals of the Gulf state’s gas reservoirs would continue and production might be expanded further

clean growth -sustainability

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

iLNG 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