Qatar has announced a significant $1.2 trillion economic pledge during a recent visit from former U.S. President Donald Trump, marking a strategic move in the realm of international finance. This announcement was made in Doha, where the two parties finalized several key agreements, including a remarkable $96 billion plan by Qatar Airways to acquire up...
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with Emir of Qatar Sheikh Tamim bin Hamad Al Thani in Abu Dhabi to discuss ways to enhance cooperation across various fields. The meeting emphasized the importance of fraternal relations between the two nations, as reported by the national news agency Wam. During their...
Qatar is making significant advancements in the sustainability of its desalination sector by integrating advanced technologies and renewable energy sources. Guillermo Hijós, the Desalination Director for the Middle East and Oceania at Acciona’s Water business, stated that these initiatives are designed to reduce energy consumption and minimize environmental impacts, ensuring a reliable and eco-friendly water...
ACCIONA has achieved a notable milestone by obtaining the ISO 50001 energy management system certification for its Umm Al Houl and Ras Abu Fontas 3 desalination plants in Qatar. This certification marks the first of its kind for ACCIONA on an international level and underscores the company’s dedication to energy efficiency and sustainability within its...
Qatar’s General Tax Authority has announced the launch of a 100 percent financial penalty exemption initiative aimed at supporting business growth and enhancing national economic policies. This initiative will be effective from March 1, 2025, and will last for six months, adhering to the relevant rules and regulations. Khalifa bin Jassim Al Jaham Al Kuwari,...
The State of Qatar has publicly commited to invest $10 billion in India. This is meant to improve relations between the two countries. During his two-day state visit to India, Sheikh Tamim bin Hamad Al-Thani, the Emir of Qatar, promised to make this investment. During the trip, the Emir met with Narendra Modi, the Prime...
Qatar, the United Arab Emirates (UAE), and Saudi Arabia are leading the way in the Middle East’s tourism sector, particularly in luxury wellness and sports tourism. This shift is significantly impacting global travel, as highlighted during the 51st session of the UN Tourism Regional Commission held in Doha last week During the conference, high-level delegations...
Generative AI is being recognized as both an opportunity and a challenge for business leaders in Qatar. According to Ahmed Ben Abdallah, Partner and Advisory Head of Digital and Innovation at KPMG in Qatar, the successful harnessing of generative AI’s potential will require strong ethical frameworks, investment in training, and the implementation of effective AI...
The Qatar Financial Centre (QFC) has announced a significant reduction in its application fee for licensing entities, slashing it from USD 5,000 to just USD 500. This new fee structure applies to all applicants aiming to conduct non-regulated activities within the QFC, with the exception of Single Family Offices. This decision is part of QFC’s...
Saudi Arabia is preparing to host a vibrant cultural festival in Qatar, set to take place from February 18 to 21 in Doha. This event aims to provide both Qataris and expatriates with an insight into the kingdom’s rich heritage, further strengthening the already robust bilateral ties between the two nations. The Saudi Ministry of...