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Qatar in race to run operations at three airports in Pakistan

Pakistan on Thursday kicked off outsourcing of operations and land assets at three major airports to be run through a public private partnership (PPP), a finance ministry statement said, a move to generate foreign exchange reserves for its ailing economy. The government has been in talks with Qatar to jointly run terminals at Islamabad, Karachi […]

QatarEnergy acquires stakes from Exxon in Canadian offshore blocks

State-owned QatarEnergy has signed an agreement with US-based ExxonMobil to acquire stakes in two Canadian offshore exploration blocks. The farm-in agreement, signed on Wednesday, gives QatarEnergy a 28 percent interest in licence EL 1167, with ExxonMobil Canada holding 50 percent and Cenovus Energy 22 percent.  In addition, QatarEnergy will hold 40 percent of licence EL […]

Qatar set to launch derivatives exchange after new rules issued

Qatar Stock Exchange (QSE) will move ahead with the plans to establish a derivatives exchange and central clearing counterparty after the country’s financial regulator issued a new regulatory framework for listed derivatives. The Qatar Financial Centre Regulatory Authority (QFCRA) issued the derivatives markets and exchanges rules (DMEX) 2023 after a three-month consultation with investors and […]

Hawa Cissoko of West Ham slides in on Alessia Russo of Manchester United, giving away a penalty during the Womens Super League game at Old Trafford on March 25

Qatari sheikh files second bid in tussle for Manchester United

Sheikh Jassim bin Hamad Al Thani has submitted an improved bid to buy Manchester United FC. The Qatari businessman made his first offer for the Premier League club in February, when his spokesperson said the bid was completely debt free. Qatari bid for Manchester United ‘acid test of post-Brexit Britain’ Middle East continues to dominate […]

Qatar tourism

Qatar tourists surge 347% in first two months of 2023

Qatar received nearly 730,000 visitors in January and February this year, a year-on-year increase of 347 percent. January saw 340,000 international visitors, up 295 percent year-on-year, while February reported 389,000 visitors, a 406 percent year-on-year rise, Qatar Tourism said in a statement. Except for the months of the Fifa World Cup Qatar 2022, February marked […]

women, air hostesses

VistaJet continues to fly high from Qatar World Cup

Private jet operator VistaJet has seen enduring business benefits from the Qatar World Cup, staged at the end of 2022. It witnessed a 146 percent year-on-year increase in its Qatar flights in 2022, driven by a 561 percent rise in December compared to the same month in 2021. Demand at the Dubai-based company has continued […]

UBS Credit Suisse

SNB plans growth despite Credit Suisse losses

Saudi National Bank has said its growth strategy will not be impacted by the UBS takeover of beleaguered rival Credit Suisse, despite analysts predicting “heavy losses” for Gulf backers. SNB is joined by Qatar Investment Authority and Saudi Arabian conglomerate Olayan Group, who all have varying levels of interest in the 167-year-old Swiss bank. Rohit […]

Alison Milton, Ambassador of Ireland to the UAE, would reverse Vladimir Putin's decision to invade Ukraine if she could

Alison Milton, Ambassador of Ireland to the UAE

Alison Milton has been the Ambassador of Ireland to the UAE, Qatar and Kuwait since August. Before then she worked as the British-Irish director, in Ireland’s Department of Foreign Affairs. What does your company do? I work for the Embassy of Ireland in Abu Dhabi covering the UAE, Kuwait and Qatar. I also have responsibility […]

Qatar Airways planes

New UK tourist visa set to boost GCC trade corridor

Visitors from Qatar will be the first to benefit from the new UK tourist visa scheme, ahead of a worldwide expansion of the scheme throughout 2024.  Qatari visitors will be the first to be able to apply for an electronic travel authorisation (ETA) in October. The rest of the GCC and Jordan can apply for […]

QatarEnergy begins construction of $8.5bn polymers plant in US

State-owned QatarEnergy and Chevron Phillips Chemical Company have broken ground on the $8.5 billion Golden Triangle polymers plant in Orange County, Texas, US. Located about 180 km east of Houston, the plant will include an ethylene cracker unit with a capacity of 2.08 million tons per annum and two high-density polyethylene units with a combined […]

Airbus reinstates Qatar Airways’ order for 73 A350 aircraft

European planemaker Airbus has reinstated orders for 73 aircraft from Qatar Airways after revoking them during a dispute over damage to the surface of grounded A350s. Airbus and Qatar Airways settled the dispute at the end of January, averting a rare and potentially damaging UK court trial in the jet sector. Speaking in Berlin, Qatar […]

Qatar Airways eyes rapid growth as travel demand rebounds

Qatar Airways has announced plans for rapid growth, as the travel industry recovers from the pandemic. Announcing objectives at the ITB tourism fair in Berlin, the Gulf carrier said it would add seven destinations, restore 11 others and boost the frequency of flights to 35 markets – marking a 21 percent rise in flights by […]

Qatar's new prime minister Sheikh Mohammed, pictured in Doha last November, will inherit a rebounding private sector

New Qatari PM takes helm as business activity bounces back

Business activity in Qatar rebounded in February, recording its highest month-on-month growth since the country lifted its Covid lockdown.  The Qatar Financial Centre purchasing managers’ index (PMI) – released one day before the cabinet reshuffle that elevated Sheikh Mohammed bin Abdulrahman Al Thani to prime minister – hit 51.9 in February, up 6.2 points from […]

Field, pump, fire

QatarEnergy makes third oil discovery in Namibia

State-owned QatarEnergy has made a third oil discovery with its partners, Namibia’s oil major Namcor and Shell, in the Jonker-1X deepwater exploration well, in the Orange Basin offshore southern Namibia. New discoveries could make Namibia, the southern neighbour of Opec member Angola, another oil producer along the African Atlantic coast. “We are delighted to announce […]

Qatar's competition authority has vetoed Uber's acquisition of Middle Eastern rival Careem

Qatar vetoes Uber’s $3.1bn Careem deal

Qatar’s competition authority has vetoed Uber’s $3.1 billion acquisition of Middle East rival Careem, four years after it was announced. Careem confirmed this week it had ceased operations in the Gulf state from February 28, despite the company expanding its fleet of branded cars to help transport fans to and from football matches during last […]


Gulf airlines flying high again, but facing fresh headwinds

As global air travel continues to rebound from the coronavirus pandemic, the biggest airlines in the Arabian Gulf – Emirates, Qatar Airways and Etihad – are soaring back into clear skies. But can they maintain their rate of climb? Beyond economic and geopolitical pressures, there’s increasing competition from low-cost airlines, resurgent long-haul competitors and globally ambitious […]

Egypt and Qatar sign deal to avoid double taxation

Egypt and Qatar have signed an agreement to avoid double taxation and stop tax evasion, according to a local newspaper. The agreement specifies the regulations and conditions for imposing taxes to avoid double taxation on immovable property, business revenues, global, maritime and air transportation, joint projects, and stock revenues, Egypt Today reported. Egyptian cabinet spokesperson […]

Careem to cease ride-hailing operations in Qatar

Uber’s Middle Eastern business Careem will cease operations in Qatar on Tuesday, the company announced in a message sent to customers in the Gulf Arab state on Monday. The surprise announcement comes two months after the World Cup in Qatar, when Careem-branded vehicles were part of the tournament’s official plans to transport visiting fans, alongside […]

Qatar should make improvements in fight against financial crime

A global financial crime watchdog on Friday said Qatar’s technical compliance with its standards was very strong but the Gulf state needed to make improvements in its fight against money laundering, terrorism financing and other areas. The Financial Action Task Force (FATF) said Qatar needed to make it easier to get information on the ultimate […]

Qatar posts 2022 budget surplus of $24.34bn

Qatar had a budget surplus of QR89 billion ($24.34 billion) in 2022, the state news agency has reported, citing the finance ministry, a massive increase from 2021 as high oil and gas prices significantly boosted public revenue. In 2021 the budget surplus was QR1.59 billion, according to Moody’s citing finance ministry figures. For 2023, Qatar […]

Qatar Airways to become Formula One’s main airline sponsor

Qatar Airways will become the main airline sponsor of Formula One motor racing, the carrier said, replacing regional rival Emirates as the organisation’s official airline. The sponsorship announcement comes ahead of the 2023 season, which kicks off next month and will also see Qatar begin a 10-year run as host of a Grand Prix, to […]

Qatari deputy prime minister and foreign minister Sheikh Mohammed bin Abdulrahman Al Thani

UK and Qatar renew commitment to deepen collaboration

The UK and Qatar governments have renewed their commitment to deepen collaboration with investments in key sectors including clean technologies, life sciences, biotech, agtech and electric vehicles. Sheikh Mohammed bin Abdulrahman Al-Thani,Qatar’s deputy prime minister and minister of foreign affairs, and James Cleverly, the UK’s foreign secretary, signed a memorandum of understanding on Tuesday to […]