Qatar

QatarEnergy to build 6 new QC-Max LNG vessels at China’s Hudong-Zhonghua Shipyard

The QC-Max vessels are the largest LNG carriers, each with a 271,000 cubic meter capacity 

Qatar introduces flexible remote work for government sector effective September 9, 2024

This initiative helps employees balance work and family, supporting vulnerable groups like working mothers and those with disabilities

GCC banks well positioned to continue strong run in 2024: Report

The report stated that high interest rates kept profit margins at 2.7 percent, with strong bank profitability in H1

Qatar cultural events in September: New attractions, events, performances and concerts

Qatar recorded 2.6 million visitors, with a notable 43 percent coming from GCC countries during the first six months of 2024

QatarEnergy to double urea production to 12.4 million tons by 2030

QatarEnergy plans to build a large urea production complex to boost global food and energy security

UAE oil imports to Japan reach 31.07 million barrels in July 2024, 49.1 percent of total

Arab oil made up 97.8 percent of Japan's imports, totaling 61.92 million barrels

Qatar Central Bank releases $1.23 billion in T-bills, attracts $3.58 billion in bids

The bills included QAR300 million for a 7-day term (Tap Issuance) at an interest rate of 5.7815 percent

Qatar achieves $5.51 billion in trade surplus in July 2024, total exports reach $8.28 billion

Import levels rose by 6.8 percent year-on-year, reaching $2.77 billion

GCC listed banks post record $14.8 billion net profit in Q2 2024

Year-over-year, the growth was robust at 9.2 percent compared to Q2 2023

QatarEnergy, KPC ink 15-year deal to supply up to 3 MTPA of LNG to Kuwait

The contracted LNG volumes will be delivered ex-ship to Kuwait's Al-Zour LNG Terminal using QatarEnergy's LNG vessels starting in January 2025.

Qatar’s economy to double by 2031 fueled by LNG boom, diversification: Report

Qatar's gas production will stay steady for 140 years before a major boom

Abu Dhabi Chamber sees 23.8 percent year-on-year growth in certificates of origin

This growth underscores the chamber's efforts to boost trade opportunities and enhance the UAE's international trade footprint

Qatar’s Hamad International Airport sets new record high in July with 4.73 million passengers

The airport set a previous record for the busiest month in January 2024, when it served 4.5 million passengers

Qatar Airways acquires 25 percent stake in Airlink, expanding African reach

Qatar Airways will expand its reach to 45 destinations across 15 African countries

505 new firms join Qatar Financial Center’s platform in the H1 2024, tech sector contributes largest share

Largest contributor to center's growth was the tech sector with around 38 percent of total registrations during the first half of 2024

GCC’s aviation sector soars as a key economic driver 

Robust infrastructure, strategic location vital to the growth of the industry and the region’s economy

Growth of IPO market: Increasing contributions from reputed public and private sector entities 

Technology, healthcare, and real estate companies are keen to explore IPO opportunities  

Qatar’s computing market revenues to reach $65.5 million in 2024: Report

User penetration to reach 13.4 percent in 2024 and rise to 18.9 percent by 2029

Qatar’s banking sector assets rise 1.2 percent to $546 billion in June 2024

Qatar's banking sector assets grew by an average of 6.8 percent over the past five years

Qatar’s tourism sector booms with visitor numbers up 28 percent in H1 2024

Qatar’s travel and tourism sector is set to contribute $25 billion to the country’s economy this year