Business

GWC Group Chairman Sheikh Mohammed bin Hamad bin Jassim bin Jaber al-Thani.

GWC recognised among Forbes Middle East’s Sustainability Leaders

Monday, October 19, 2026

Gulf Warehousing Company (GWC Group) has been recognised among Forbes Middle East’s Sustainability Leaders for the fourth consecutive year, ranking among the top 10 in the Transport and Logistics category for 2026.GWC Group Chairman Sheikh Mohammed bin Hamad bin Jassim bin Jaber al-Thani said, “Logistics plays a fundamental role in economic development, and our responsibility extends to the environmental impact of the supply chains we enable. We see sustainability as essential to GWC’s competitiveness and its ability to support resilient economies. Our ambition is to help businesses grow through logistics services that use resources more efficiently and reduce their environmental footprint.”GWC is advancing a rooftop solar project through a power purchase agreement (PPA), enabling it to adopt renewable energy and lower electricity costs without upfront capital investment. Spanning Logistics Village Qatar, Bu Sulba Warehousing Park, and Al Wukair Logistics Park, the project has a planned combined capacity of 34.9 megawatts and is scheduled for completion in 2027. Once operational, it is expected to meet 30% of GWC’s electricity needs and reduce emissions associated with purchased electricity.GWC managing director Sheikh Abdulla bin Fahad bin Jassim bin Jaber al-Thani said, “Sustainability shapes how we govern our business, direct our investments and create long-term value. This recognition is a credit to our teams, who put that commitment into practice every day. As we expand across the region, we will continue building the infrastructure and capabilities that support responsible growth and contribute to Qatar National Vision 2030.”**media[506242]**In 2025, GWC Group reduced direct fleet greenhouse gas emissions by 2.4% compared with 2024, supported by fleet upgrades, driver training and route optimisation. The group also diverted more than 2,100 metric tonnes of waste from landfill through reuse and recycling, while its Bu Sulba wastewater treatment facility produced 150,810 cubic meters of treated water for irrigation.Through its Biobin programme, the group converted 77 metric tonnes of food waste into 30 metric tonnes of organic compost for local farms, landscaping companies and beautification projects across Qatar.Beyond infrastructure and environmental performance, GWC continues to strengthen employee engagement in sustainability through training and awareness programmes focused on energy conservation, water efficiency and responsible resource use.GWC’s commitment to the UN Global Compact and its annual sustainability reporting reinforce its focus on transparency, accountability and responsible business practices. GWC operates 20 strategic locations with more than 4mn sq m of logistics infrastructure.The group moves more than 2mn metric tonnes of freight annually, connecting customers through a global freight network spanning more than 120 countries and over 550 freight partners.

The initiative reflects the bank’s commitment to delivering tailored financial services that create value for corporate and small and medium-sized enterprise customers while strengthening long-term banking relationships.

Doha Bank launches ‘Ashghaly Bundles’ to enhance corporate banking experience, reward business growth

Monday, October 19, 2026

The collaboration with Microsoft strengthens that mandate by embedding enterprise-grade technology enablement directly into QSTP’s incubation pathway.

QSTP, Microsoft launch ‘Microsoft for Startups’ collaboration to accelerate Qatar’s startup ecosystem

Monday, October 19, 2026

The Qatar Financial Centre (QFC) has welcomed Barzah Capital as the latest participant in its Digital Assets Lab, where the Qatar-based company will develop and test its real estate tokenisation model within the QFC’s Digital Assets Framework.

Barzah Capital joins QFC Digital Assets Lab to advance real estate tokenisation model

Monday, October 19, 2026

QNB Financial Services strengthens market leadership with dual Euromoney awards

Monday, October 19, 2026

Al-Kaabi meets Iran’s acting minister of petroleum

Monday, October 19, 2026

Rafeeq CEO Abdullah Thamer al-Humaidi (right) and Startup Grind Doha chapter director Indica Amarasinghe during the signing ceremony.

Qatari super app links with global founder network to aid tech startups

Monday, October 19, 2026

Commercial Bank was represented at the meetings by board members Sheikh Jabor bin Abdulla bin Ali al-Thani and Hussain Omar Alfardan; Group CEO Stephen Moss; EGM, Chief Wholesale and International Banking officer Fahad Badar; EGM, Treasury and Investments Omran al-Sherawi; EGM and Chief Communications and Marketing officer Eiman Mohamed al-Naemi; and AGM, head of Financial Institutions Mansoor Salem.

Commercial Bank participates in 2026 IMF Annual Meetings

Monday, October 19, 2026

Media

News Update! (19-10-2026)

Monday, October 19, 2026

Quick update on the top stories... QCF launches fourth edition of ‘Chess in Schools’ project, ‘Niqla’. MOCI bolsters anti-money laundering awareness among trust and company service providers. (This video features an AI avatar of the real presenter)

Media

News Update! (18-10-2026)

Sunday, October 18, 2026

Quick update on the top stories... Qatar Charity launches ‘Winter Heroes’ Campaign for vulnerable communities worldwide. Qatar to be guest of honor at 58th Cairo international book fair. (This video features an AI avatar of the real presenter)

Media

News Update! (17-10-2026)

Saturday, October 17, 2026

Quick update on the top stories... MoPH intensifies programs and initiatives to promote mental health. Qatari business delegation explores investment cooperation with France’s Provence-Alpes-Côte d’Azur region. (This video features an AI avatar of the real presenter)

Workers operate a silk textile production line at Anhui Jingjiu Silk in Fuyang. China's economic growth bounced off three-year lows in the third quarter, as roaring exports offset consumers' tight grip on their wallets, though analysts warn the growing reliance on external drivers is deepening structural imbalances.

China's economic growth picks up as exports boom, consumers balk

Monday, October 19, 2026

China's economic growth bounced off three-year lows in the third quarter, as roaring exports offset consumers' tight grip on their wallets, though analysts warn the growing reliance on external drivers is deepening structural imbalances.The 4.5% pace beat consensus forecasts and analysts expect Beijing to reach its 2026 target of 4.5%-5.0% without resorting to additional stimulus, helped by a strong start to the year and some recent modest fiscal and monetary support.Monday's data showed retail sales again lagging industrial output, while the property market was still in a downturn, having significantly eroded household wealth for the past five years.Together with last week's releases showing soft consumer inflation and exports soaring by more than a third, a picture emerges of an economy increasingly dominant in global markets but struggling to generate prosperity at home.Weak domestic demand has pushed Zhang Chao's motorbike headlights company to all but abandon selling in China to focus on export markets, where orders have doubled this year."It's too competitive and there's no profit," Zhang, who manages Southeast Asia operations for his firm, said of China. "The barrier to entry is a bit lower overseas."Weak consumer demand has intensified price wars, forcing companies to slash costs, including on payroll.Having lost her sales job in June, Laura Shi still road-tripped through China's week-long national holidays in October, but slept in her car on most nights to save on hotels."The downside was that I couldn't shower, and there was noise outside," she said.China's increasingly lopsided growth is prompting the rest of the world to react.The European Union and China have agreed to limit hybrid car exports to the bloc, but Brussels is planning further curbs as data last week showed September's trade surpluses with Germany and France each jumping more than 200% year-on-year."This year’s growth figures highlight a deeper rebalancing challenge for the medium term," ANZ analysts said in a note on Monday's data."Rising trade tensions, protectionist measures and geopolitical frictions pose significant risks to future growth," they said, adding "the economy is exposed to changes in the external environment to a greater extent than policymakers would prefer."The yuan firmed to its strongest level since July 2022 on Monday.China is on track to top last year's $1.2tn trade surplus despite rising global tensions.Exports ranging from chicken meat and beauty products to electric cars and prefabricated homes have surged.Some manufacturers that moved production abroad are coming back, as US tariffs on Chinese goods are now closer to those on rivals such as Vietnam."High-tech manufacturing, chip output, new energy vehicles, and export delivery values reflect a competitive industrial upgrading that is real and accelerating," said ITC Markets analyst Andy Ji."However, the growth composition remains deeply unbalanced... Growth is export- and state-led. Domestic demand is not yet self-sustaining, and the property sector shows no floor."Industrial output rose 5.5% in September.Statistics bureau official Mao Shengyong said the 4.6% growth in the first nine months of the year was "hard won," acknowledging "unbalanced and inadequate development." High-end manufacturing, "the digital economy" and "modern services" contributed more than 40% of the growth over the period.Even so, Beijing has rolled out fresh support measures, underscoring concerns over lingering weakness beyond the factory sector.Measures since late September include cheaper credit for infrastructure and tech, modest mortgage subsidies, and more funds for local governments, whose tight finances contributed to a 7.2% fall in fixed-asset investment in January-September.Economists say the measures are enough to dispel fears of missing the growth target, but remain tilted to the supply side."China's export expansion is not without limits," Societe Generale economist Michelle Lam said."Without a decisive policy shift toward supporting household incomes and consumption, China is likely to remain trapped in a prolonged period of low inflation and sub-par growth."On the demand side of the ledger, October's holiday saw average spending per trip fall to four-year lows, while social media flare-ups over gruelling work schedules, low pay and weak labour protections are becoming more frequent.Retail sales were up 1.1% in September, marking the quickest growth in six months, though off a low base.In the eastern city of Ningbo, a restaurant owner surnamed Dai said many diners now bring their own wine rather than ordering from the menu."Everyone is cutting jobs these days," Dai said. "Sometimes I wonder whether I should let one or two staff members go and do more work myself."Unemployment inched lower to 5.2% in September, but economists say the figures are flattered by a growing gig economy. Anyone working even one hour a week is considered employed.In Hangzhou, 26-year-old accountant Carol Huang is angry that her employer almost halved her bonus. But she says similar jobs in the city offer 3,000-6,000 yuan ($449-$897) per month, much less than she earns, so she is staying put."What on earth happened to the job market?" Huang said.