Qatar Airways CEO Akbar Al Baker has rubbished claims made by European airlines that Gulf carriers are unfairly grabbing aviation market share thanks to generous government handouts. Al Baker said in an interview that the 'whinging tactics' adopted by European...
Qatar's energy minister on Monday affirmed oil production in the Middle East remains stable and denied rumours of supply shortage in the market. "Supply from the Middle East has been reliable despite perceived disturbances in the region...there is no shortage...
Online travel market  exceeded an estimated USD 944 million in 2012 Amadeus co-sponsors PhoCusWright report on ‘Assessing the Online Travel Opportunity: The Middle East’ Qatar’s travel market is expected to grow steadily from USD 5.4 billion in 2012 to USD 7.7...
The Qatar royal family plans to spend up to US$10 billion (S$12.9 billion) buying stakes in gold producers through their sovereign wealth fund. The fund is seeking to invest in a range of natural resources, but gaining access to physical...
Qatar's booming revenues from liquefied natural gas more than tripled budget surplus to 44.5 billion riyals ($12.2 billion) in the fiscal year ended in March, an Islamic bond issue prospectus showed on Monday. According to a Reuters calculation, the tiny Gulf nation is...
FIFA is forming an independent committee that will most probably examine the World Cup bids made by Russia and Qatar to host the prestigious events in 2018 and 2022 respectively, a former British attorney general advising FIFA on reform...
Siemens, the global powerhouse in electronics and electrical engineering operating in the energy, infrastructure and cities, industry and healthcare sectors, has signed a complete turnkey solution contract with Qatar Steel Company to build a high-voltage substation. The 220/66/33-kilovolt (kV) substation...
Reports coming from Qatar suggest the sheikhdom is planning to issue sukuk (Islamic bonds) for the first time in nearly a decade amid growing global demand for safe havens and sharia-compliant assets. Doha has mandated banks for investor meetings in...
Qatar's state budget surplus shrunk to 2.9% of quarterly economic output in the third quarter of its 2011/12 fiscal year, amid increased public spending and dropping revenues compared with the previous three months, official data showed on Thursday. Preliminary estimates...
Moody's Investors Service welcomed a recent decision by state-owned entities in the UAE to build a new liquefied natural gas import terminal that bypasses the strategic Strait of Hormuz and termed it as 'credit-positive'. Mubadala Development Company and the International Petroleum Investment...
Lagoona, a Darwish Malls development, is set to welcome its first visitors beginning August 2011. With 128,000 sq m of space, Lagoona is Qatar?s newest retail avenue offering Qatar residents and the region?s an assortment of lifestyle brands. With August...
 The Financial Times, one of London’s most prominent publications, has reported that Qatar is in talks with the government of UK to invest up to USD 15 billion in several key infrastructure projects. Sources close to the negotiations have revealed...
The Qatar Foundation has revealed that Qatar will soon open an astronomy and space centre to boost local interest in celestial bodies and promote research activities in the field. Speaking to the Gulf Times, Dr Khalid al-Subai, the director of...
Analysts and British energy companies said on Monday that Britain is in danger of suffering a long-term loss of liquefied natural gas (LNG) supply as top exporter Qatar sends only left-over short-term deliveries to the country while sending most of...
The Abu Dhabi-based Etihad Airways has entered into a strategic commercial partnership with Kenya Airways to expand rapidly across Africa. The code-sharing agreement will allow Etihad to place its EY code on Kenya Airways flights from Nairobi to 27 destinations...
  Qatar’s first lifestyle hotel honoured as the ‘World's Leading Hotel & Residences’ at the World Travel Awards 2012 Doha, Qatar (13 December 2012) – W Doha Hotel & Residences underlined its dominance within the hospitality market at the World Travel...
Qatar is one of the biggest countries in the world in terms of investment in environmental research and development, spending around 2.8% of GDP. The tiny gas-rich nation said it will be participating in the United Nations Conference on Sustainable...
FIFA named independent ethics investigators to look into allegations of wrongdoing including the selection of World Cup hosts, the association chief announced on Tuesday. former US attorney Michael J. Garcia has been named as head investigator for its ethics committee  and...
Qatargas said on Monday it has entered into a new long-term agreement with its largest Japanese LNG buyer, Tokyo Electric Power Company (TEPCO), to provide liquified natural gas (LNG). Under the first long-term bilateral agreement, signed by Dr Mohammed Bin Saleh...
Once one of the poorest Gulf nations, is now one of the richest in the region, given to the exploration of large oil and gas fields since the 1940?s. Wealth is not the only factor that has kept Qatar...
  A news report by London’s The Sun newspaper has revealed that Qatar’s sovereign wealth fund may be eyeing UK retail chain Marks & Spencer in deal worth estimated to be USD 12 billion. The retail giant boasts about 1000 global...
Amid rising concerns over Standard and Poor's downgrade of the US' credit rating from AAA to AA+ and its impact on Gulf currencies, which have hitherto been pegged against the US dollar, the UAE and Bahrain have dismissed speculations...
The future of U.A.E. in terms of world ranking seems to be getting brighter. Russell Investments, the global leader in fund management has classified the UAE? market under the emerging market status, while MSCI and S&P are delaying the market?s...
Qatari economy grew at a rate of 14% last year amid a boom in energy exports. The inflation-adjusted double digit figure means the country's economy expanded at one of the highest growth rates in the world, albeit on a slower...
Middle East Electricity shines spotlight on booming energy sector; UAE forges ahead with power, water, energy projects worth US$34.2 billion Dubai, UAE, 2 February 2012: New power, water, and energy projects valued at US$180 billion are underway or at the...
Press Release Dubai, UAE - 29 May:  Mr. Patrick Choffel, CEO, Oman Insurance Company (OIC) , the largest insurance company in UAE and second largest in the Middle East, offers his personal and the company’s deepest sympathies and condolences to...
According to an annual survey of 125 countries, Qatar has been named the most innovative economy in the Gulf region. Qatar has got ahead of the race beating China and India, the world?s two largest emerging economies, as shown...