Qatar

Non-hydrocarbon sectors poised to drive strong GCC economic growth this year: Report

Deal-making in the region remained active, with 214 transactions recorded in H1 2024

Qatar Airways launches four additional flights from Amsterdam to meet winter demand

New flights will enable 40,000 additional passengers to travel between Amsterdam and Doha

World Bank, Qatar in global education partnership

The World Bank will work with Qatar and Education Above All in the development of new, innovative financial tools for education

Qatar’s CPI sees 1.15 percent increase in August 2024

Five categories experienced increases, four saw declines, and three remained stable

Qatar’s private sector credit to grow on large-scale project momentum, says Moody’s

Qatari banks will likely shift toward a longer-term funding structure in a lower interest rate environment

Qatar Airways resumes flights to Saudi Arabia’s Abha, expands NEOM services

The airline will launch two weekly flights to Abha International Airport starting January 2, 2025

Qatar, Armenia formalize agreement to strengthen labor sector cooperation

This agreement aims to attract skilled workers, boost their local presence 

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