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World Cup host Qatar demurs on VAT, will wait for ‘right time’

“We will look to the right time to apply such taxes” – Finance Minister Ali Al Kuwari

UK launches negotiations for free trade deal with GCC

The deal would add at least £1.6bn a year to the UK economy and support new jobs across key industries

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QatarEnergy selects ExxonMobil as 4th partner in gas project

ExxonMobil will own 25 per cent of a joint venture with QatarEnergy, with the venture in turn holding 25 per cent of the North Field East project

Qatar project

Eni wins stake in $29bn Qatari project as gas prices surge

The Italian company will take a 3.1 per cent a stake in the project

Qatar Airways

Qatar Airways Group reports highest net profit in 25-year history

The group recorded a net profit of $1.54bn during the fiscal year 2021/22

TotalEnergies Qatar

TotalEnergies wins stake in $29bn Qatari gas project

TotalEnergies will own 25 per cent of a joint venture with QatarEnergy, with the venture in turn holding 25 per cent of North Field East

Qatar expansion

Julius Baer to expand into Qatar to drive regional expansion

Julius Baer has hired Slim Bouker, Doha Bank’s head of private banking, to oversee the expansion

Toufic Kreidieh, Co-founder and CEO of Brands For Less Group

Brands For Less’ Toufic Kreidieh on the company’s recent expansion

The co-founder and CEO spoke to Gulf Business about the company’s recent expansion to Qatar and other key retail trends in the region

Qatar exports surge as demand for gas climbs on Ukraine crisis

China was the top destination of Qatar’s exports in April with close to QR6.6bn riyals

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Saudia to operate hundreds of extra flights during FIFA World Cup Qatar 2022

From November 21, the airline will operate 60 special daily flights for fans which will run from both Riyadh and Jeddah to Doha

Qatar

Qatar world cup shuttle flights set to buoy Gulf tourism

The shuttle service will initially connect Doha with Dubai, Muscat, Riyadh, Jeddah and Kuwait City

Oil exporters bagging $818bn windfall are cautioned by IMF

The IMF said it expects the bonanza “to improve fiscal and external balances” in a region that includes 13 exporters in total

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Mannai surges after plan to sell Inetum at $2bn valuation

The shares jumped 10 per cent in Doha to the highest level since 2016, taking their gains this year to 114 per cent

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Hayya Card mandatory for all visitors to Qatar during the 2022 FIFA World Cup

At the moment, the card is only being issued to those who have a ticket for the tournament

Joe & The Juice enters Middle East market ahead of IPO, CEO says

The Copenhagen-based chain will open its first stores in Qatar and Dubai next quarter before setting up shop in Saudi Arabia, Kuwait, Bahrain and Oman by the end of the year

German auto giant Volkswagen inaugurates regional HQ in Doha

The newly-established Volkswagen Group Middle-East Group will lead and support the company’s activities in all markets in the region

Qatar airways

Qatar Airways to resume flights to London Gatwick in June

The airline will operate a daily service from Gatwick to Doha using its Boeing 787 Dreamliner

Dar Al Arkan Elie Saab

Dar Al Arkan teams up with Elie Saab for new residential project in Qatar

Les Vagues will feature 70 one-, two- and three-bedroom sea-front residences

Uber’s Careem is latest investor in Egyptian food delivery scene

Egypt’s food delivery market is worth an estimated $2.8bn

Tourism airport

Special report: The power of the GCC as a source market for global tourism

The size and monetary value of the outbound GCC tourism market were never in question – but what are its challenges, opportunities and key growth drivers in the foreseeable future?

Special report: How the GCC is poised to develop as a major destination market for global tourism

The region is building its infrastructure and programmes to transform into a major tourist destination over the next few decades

Qatar

Qatar updates Covid-19 PCR testing rules for inbound citizens and residents

Vaccinated citizens and residents are not required to conduct a pre-departure PCR test before travelling to Qatar, provided that the country they are departing from is not on the red list

Air pollution costs wider Mideast $141bn, World Bank says

The findings will likely add to growing interest in green and sustainability-linked bonds and loans in the region

Qatar considers refinancing $10bn debt due next year

No final decision has been made

HSBC reclaims bond crown in Mideast

Following $122bn in debt sales in 2021, governments and companies will probably front-load much of their funding needs this year

Kitopi launches its first kitchens in Bahrain and Qatar

The company, which turns four this month, will set up operations in Malaysia and Singapore next

Mideast’s biggest bank raised provisions and remains on alert

Qatar National Bank’s 2021 net income rose to QR13.2bn from QR12bn a year ago

Qatar Airways moves financial planning to Oracle cloud

Oracle Cloud EPM enables Qatar Airways to better connect financial data across HR, finance and enhance the company’s business modelling and planning

Rolls-Royce to get Qatari funding for small nuclear reactors

Qatar will invest $112m in Rolls-Royce SMR, the separate unit created for the project

Urban farming startup Infarm gets funding from Qatar wealth fund

The investment will be used to expand to more fruits and vegetables and open its first centre in Qatar in 2023