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Souq Waqif in Qatar. The country's tourism plans including shopping festivals as part of plans to reach increase visitor numbers to 6 million by 2030

Qatar visitors increase by half in February

Qatar reported a 53 percent increase in international visitors in February, according to official figures from the country’s tourism authority. It follows a 106 percent rise in international arrivals in January as Qatar builds towards its ambitious target to welcome six million visitors in 2030. Last year Qatar’s visitor numbers passed four million. In February […]

Qatar hopes to lure skilled individuals and wealthy entrepreneurs

Qatar woos foreign talent with 5-year residency permit

Qatar has launched a residency permit aimed at attracting talented individuals and entrepreneurs.  The permit programme, which is expected to open in the next few months, offers five-year renewable residencies to people with expertise in specific fields including the arts and scientific research. Applicants must either have a job offer in Qatar or demonstrate financial […]

Pakistan aims to raise foreign exchange by selling PIA and outsourcing three airports to avoid a balance of payment crisis

UAE and Qatar in race for Pakistan’s privatisation deals  

Investors from the UAE, Qatar and Turkey have shown interest in Pakistan’s national airline and airports as the South Asian nation accelerates its privatisation programme. Other investors are from Germany, France, Netherlands, Malaysia and local groups, ARY News, a Pakistani news channel, reported.  Defence and aviation minister Khawaja Muhammad Asif has discussed outsourcing airports and […]

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Saudi giga-project designs to merge tradition and futurism

Saudi Arabia wants to ensure that the futurism of its giga-projects does not smother the diversity of its local architecture, according to the head of the government’s Architecture and Design Commission.  One of the most striking features of the kingdom’s transformation plan launched in 2016 has been its design – from otherworldly resorts planned for […]

In this photo illustration, the MSCI Inc. logo is displayed on a smartphone screen. (Photo by Rafael Henrique / SOPA Images/Sipa USA) No Use Germany.

Gulf weightings increase on MSCI Emerging Markets

The MSCI Emerging Markets Index has increased the weightings of Gulf countries since their inclusion on the benchmark, as regulators loosened rules and companies ease foreign ownership restrictions to make it easier to invest. According to MSCI, more than $1.3 trillion in assets under management (AuM) was benchmarked against its emerging markets indexes as of […]

A worker at Shell's Pearl GTL facility in Doha, Qatar. The country has yet to set a net zero target

Qatar’s gas expansion plans to drive budget surplus until 2030

Qatar is expected to retain budget surpluses until 2030, driven by an increase in gas production at the North Field Expansion (NFE) project, Fitch Ratings has said. The budget surplus is forecast at 8.6 percent of GDP in 2024, compared to 9.3 percent percent in 2023, the rating agency said in a report. “Oil and […]

Gulf wealth funds put investing in US well ahead of China

Most sovereign wealth funds in the Gulf remain heavily invested in the US, while China represents a much smaller part of their portfolios, data from the consultancy Global SWF shows.  The data also shows that the portfolios of Gulf sovereign wealth funds vary widely in terms of their geographical distribution. This is partly a result […]

Souq Waqif in Doha. Qatar's total business activity increased at the fastest rate in three months in February

Qatar’s non-oil companies optimistic despite higher costs

Higher output and strong demand for goods and services helped Qatar’s non-oil private sector to record a faster improvement in business conditions in February than in the previous month, a survey shows. The latest Purchasing Managers’ Index (PMI) survey by Qatar Financial Centre and S&P Global registered 51 in February, up from 50.4 in January.   […]

Qatar Airways says the entire fleet of Airbus A350 jetliners is now back in service

Qatar Airways’ A350 fleet returns to the skies

State-backed Qatar Airways has put its entire fleet of A350 jetliners back into service, a year after settling a dispute with European planemaker Airbus over flaking paint, a media report said. The A350 fleet is now completely repaired and back in air, chief commercial officer Thierry Antinori told Reuters. “You know we had this little […]

French president Emmanuel Macron greets Qatar's Emir Sheikh Tamim bin Hamad Al Thani in Paris

Qatar commits $11bn for French startups and funds

Qatar will invest €10 billion ($10.9 billion) in French startups and investment funds as part of a new strategic partnership. The announcement was made in a French-Qatari joint communique released during Qatar Emir Sheikh Tamim Bin Hamad Al Thani’s state visit to Paris. The investments will focus on energy transition, semiconductors, aerospace, artificial intelligence, health, […]

An Ooredoo shop in Tunis. Tunisia is one of the countries where the company intends to improve connectivity

Ooredoo to spend $1bn upgrading overseas networks

Qatari telecoms group Ooredoo is to spend $1.1 billion upgrading its mobile coverage and quality of servies in a number of key overseas markets. Over the period 2024-26, the company will allocate substantial sums to improve connectivity in Algeria, Tunisia, Gaza and the West Bank, Iraq and the Maldives.  Ooredoo’s operations in Gaza have been […]

Fintech businesses have seen strong growth in the Mena e-payments sector

Qatar’s new $1bn fund to propel global tech growth

State-backed Qatar Investment Authority (QIA) will launch the country’s first venture capital (VC) fund to invest more than $1 billion in international and regional VC funds. The “Fund of Funds” seeks to attract international VC funds and entrepreneurs to the Gulf state and the wider Gulf Cooperation Council (GCC) region, focusing on the finance, education […]

Qatar’s new LNG discovery to expand output by 85%

State-run QatarEnergy will start work on a new liquefied natural gas (LNG) expansion initiative to expand the Gulf state’s LNG production capacity to 142 million tonnes per annum (mtpa) by the decade’s close. The North Field West project will see an 85 percent increase from current production levels, said Saad Al-Kaabi, president and CEO of […]

QatarEnergy ethylene Emir Sheikh Tamim bin Hamad Al Thani

QatarEnergy breaks ground on $6bn ethylene complex

QatarEnergy has broken ground on the $6 billion Ras Laffan petrochemical complex as part of its downstream expansion strategy. The state-owned Qatari energy firm had signed a final investment decision on the complex with its partner Chevron Phillips Chemical in January last year. The complex will house an ethane cracker with a capacity of 2.1 […]

The Ooredoo board will recommend a cash dividend of QAR0.55 per share at the annual general meeting in March

Ooredoo’s 2023 profit reaches all-time high of $824m

Qatari telecom major Ooredoo reported an all-time high net profit of QAR3 billion ($824 million) in 2023, up 28 percent year on year thanks to solid performances in Iraq, Kuwait, Algeria and the Maldives. Revenue increased by two percent year on year to QAR23.2 billion, the company, which trades on the Qatar stock exchange, said […]

Turkey's stall at the India International Trade Fair in New Delhi: trade and investment opportunities between India and the region are increasing, says HSBC

$112bn of trade with India ‘ready to be tapped’

Untapped trade opportunities between India and the Middle East, North Africa and Turkey could be worth more than $112 billion, research has found. An HSBC report, which analyses data from the UN/WTO International Trade Centre, estimates that there is a $61 billion export gap for Indian companies in the key markets of the UAE, Saudi […]

A listing ceremony at Qatar Stock Exchange. 'You need more than [IPOs] to improve stock exchange liquidity,' said one market observer

Qatar sets up $200m fund to drive trade in Doha stocks

Qatar Investment Authority has launched a $200 million fund for Doha-listed stocks as part of plans to reinvigorate trading on the country’s bourse. Trading turnover on the Qatar Stock Exchange has dropped from QAR160.4 billion ($44.1 billion) in 2022, when Russia’s invasion of Ukraine boosted the prices of Gulf hydrocarbon exports, spurring local, regional and […]

Saad Sherida Al Kaabi, Qatar's energy minister and CEO of QatarEnergy, which has extended its India supply contract to 2048

QatarEnergy to sell cheaper LNG to India’s Petronet

QatarEnergy has renewed its contract to supply 7.5 million tonnes per year of liquefied natural gas to Indian importer Petronet LNG. The 20-year contract, which will begin in May 2028, is reportedly valued at $78 billion – significantly less than the agreement it will replace.  Petronet could save around $6 billion over the contract term, […]

QatarEnergy CEO and Qatari minister of energy Saad Sherida al-Kaabi. Qatar wants to increase Al Shaheen’s production capacity by 100,000 bpd

Qatar awards contracts for oilfield expansion

QatarEnergy has awarded contracts worth $6 billion for the third development phase at its largest oilfield, Al Shaheen. The deals are part of the Ru’ya project, designed to increase Al Shaheen’s production capacity by about 100,000 barrels per day. The third phase is intended to produce 550 million barrels of oil over five years, with […]

Adult, Female, Person Personalised precision medicine has the potential to transform treatment of chronic and genetic diseases scientist personalised healthcare lab science

Gulf embraces a personalised approach to healthcare

The Gulf is shifting towards a more personalised approach to healthcare, but the growth of the sector faces challenges in terms of talent and data management according to experts.  Traditional medicine tends to address only the initial health issues without tailoring solutions to the unique requirements of each patient, says Vadim Fedotov, CEO of Bioniq, […]