business Archives

2 min

GCC to study Iraq’s ‘ambitious’ $17 billion project connecting Middle East and Europe

If completed, the project would measure 1,200 kilometers and connect Grand Faw Port, south of Iraq, to the north of the Turkish border and Europe. The Gulf Cooperation Council (GCC)…

3 min

Qatar unbothered by oil prices as non-hydrocarbon sector grows: minister

The official also tapped into investments in Egypt and UBS. Qatar’s economy is unlikely to be impacted by changes in global oil prices due to growth from its non-hydrocarbon sector,…

2 min

Qatar pledges 20% of its IMF reserve asset to support low income countries

The international entity said it provided financing to 96 countries. Qatar has pledged 20% of its Special Drawing Rights (SDR) to the International Monetary Fund (IMF) in a bid to…

2 min

Ghana secured $3bn in funding from IMF: president

The country needs to diversify its economy further to be less reliant on cocoa exports and explore new markets. Ghana successfully secured a $3 billion funding package from the International…

3 min

GCC ‘outperforming’ advanced economies, says Qatari finance minister

Qatar’s FDI this year, the report said Doha’s FDI recorded a 70% annual growth between 2019 and 2022. The Gulf Cooperation Council (GCC) is “outperforming many advanced economies” due to…

3 min

Qatar Airways CEO says he is ‘sceptical’ about achieving net zero emissions by 2050

The CEO discussed the impact of supply constraints on the industry and advises competitors to focus on sustainability. However, it is still far ahead. Qatar Airways CEO Akbar Al Baker…

3 min

PM calls for ‘global cooperation’ as annual Qatar Economic Forum kicks off

Qatar achieved a 9.9% growth in non-oil profits and 4.8% in the oil sector in the first quarter of 2022 alone. International cooperation is key to addressing critical issues striking…

2 min

Demand for QEF signals Qatar’s role as ‘global platform for dialogue’

Last year, some 1,000 participants took part at QEF. This year’s Qatar Economic Forum (QEF) has proven to be in high demand from international officials, organisations and institutes due to…

2 min

UNWTO launches startup contest to support women entrepreneurs in Qatar and beyond

The competition aims to boost innovation and tourism development with seed funding, mentorship, and global exposure. The United Nations World Tourism Organization (UNWTO) has announced a new initiative aimed at…

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