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Baladna Q.P.S.C. signed today a Framework Agreement with the Algerian Ministry of Agriculture and Rural Development for the world’s largest integrated dairy farming and production project aimed at producing powdered milk in southern Algeria. The agreement that outlines a total investment of $3.5 billion was signed by Ms. Souad Assous, Director General of Agricultural Investment and Land at the Ministry of Agriculture and Rural Development, and Mr. Mohamad Moutaz Al-Khayyat, Chairman of Baladna. The signing ceremony was attended by HE Mr. Youcef Cherfa, Minister of Agriculture and Rural Development in Algeria; HE Mr. Laaziz Fayed Fayed, Minister of Finance in Algeria; and His Excellency Mr. Abdelaziz Ali Al-Nama, the Qatari Ambassador to Algeria, among other dignitaries.This venture, held 51% by Baladna and 49% by the Algerian State through the National Investment Fund, will develop large scale vertically integrated dairy operation in Algeria. This groundbreaking project will cover 117,000 hectares and will be segregated into three hubs, each comprising of an arable farming operation, a dairy and beef farming operation, and a powdered milk manufacturing facility.Mr. Mohamad Moutaz Al-Khayyat, Chairman of Baladna, commented on this agreement, saying: "We are delighted to formalize this partnership between Baladna and the Algerian Ministry of Agriculture and Rural Development. This strategic project is a cornerstone in fostering the growth of Algeria's agricultural sector, driving the nation toward self-sufficiency , and bolstering food security—a critical global challenge that commands concerted efforts from countries and international entities alike.“Baladna has a proven track-record of rapid and significant achievements in Qatar, having attained self-sufficiency within a mere 12 months, courtesy of employing foremost international technologies and leveraging a wealth of expertise in the agriculture industry. It is with great anticipation that we aim to replicate this success in Algeria, encapsulating these valuable experiences and technologies to implement exemplary, sustainable practices on an international scale.”Mr. Malcolm Jordan, CEO of Baladna added: “We are looking forward to working together with our Algerian partners to build one of the world’s largest vertically integrated dairy companies. This strategic partnership not only aligns with our ambitious growth objectives but also promises significant returns and long-term value for our shareholders.”The project aims to meet 50% of Algeria’s national demand for powdered milk, supplement the local market with red meat, create 5,000 direct local jobs, and contribute to the growth of the national cattle stock. It will also leverage modern technology and best management practices to enhance dairy farming efficiency, reduce production costs through economies of scale, and improve control over the entire value chain.The "Baladna" project for powdered milk production is part of the Algerian state's strategy to produce widely consumed products in line with the national food security strategy.

Aamal Company has posted a first-quarter net profit of QR94mn, up 7.5% on the same period in 2023.Aamal vice-chairman and managing director Sheikh Mohamed bin Faisal al-Thani commented: “Building on these positive first quarter results, we look ahead to the remainder of 2024 with confidence and optimism, fuelled by our ongoing evaluation and pursuit of new opportunities and by the continued enhancement of our existing operations.“Aamal's diversified business model remains highly resilient, positioning us favourably to capitalise on opportunities as they arise and to drive sustained growth, benefiting our shareholders and wider stakeholder community.”Chief executive officer Rashid bin Ali al-Mansoori added, “I am pleased to report that Aamal has made a solid start to 2024, showing robust year-on-on year growth with revenue up by 6.2% and total net profit up by 8.2%, results which underline our ongoing commitment and ability to deliver value for all our stakeholders while navigating through dynamic market conditions.“Our Trading and Distribution segment saw strong revenue growth, driven in particular by the excellent performance of Ebn Sina Medical. Furthermore, Aamal Medical's recently signed strategic partnerships and representation agreements with leading healthcare suppliers - such as Austco Healthcare, Gleamer, and Healthometer Professional Scales - underscore our commitment to meeting evolving market demands and to expanding our product portfolio to serve the growth and development of Qatar’s healthcare sector.“Industrial manufacturing performed well, led by Elsewedy Cables' significant QR1.2bn contract win from Kahramaa. Our diversified industrial activities, including Aamal Readymix, Aamal Cement Industries, Senyar Industries, and Frijns Industrial Steel, also all contributed positively to our overall growth.“Our property segment saw a marginal increase in rental levels due to higher occupancy rates. At City Center Doha, our initiatives to maintain its market leadership included the recent inauguration of the ‘Gold Souk’ and infrastructure enhancements such as the direct bridge, which will shortly link the metro station to the mall's second floor, further enhancing accessibility and the customer experience.“Our Managed Services segment saw a significant increase in revenue due to the contribution of the newly-added Maintenance Management Solutions ‘MMS’ subsidiary. As expected, our Aamal Services and Aamal Travel subsidiaries faced a slight slowdown in their activities. We remain committed to optimising our operations and seizing new opportunities across this sector.”

Masraf Al Rayan has reported a 5.5% year-on-year increase in net profit to QR406mn in the first quarter (Q1) of this year.“We have delivered a solid performance across our operations in Qatar and overseas. Our total income (net of finance expenses) and net operating income rose by 24%, and 5% respectively compared to Q1-2023. During this quarter, we have finalised our new medium-term strategy, that aims to improve our banking services and maximise shareholders’ value," said HE Sheikh Mohamed bin Hamad bin Qassim al-Thani, its chairman.The banks total income stood at QR2.15bn in January-March 2024 compared to QR1.74bn the previous year period."Our overall key financial indicators remain strong; the bank’s financing portfolio stood at QR107bn, total assets at QR159bn, and capital adequacy robust at 23.6%. Our efficiency ratio is healthy at 26.26%, and we continue to improve it across all functions of the business," said Fahad bin Abdulla al-Khalifa, group chief executive officer.The bank's non-performing loans ratio stood at 5.86% at the end of March 31, 2024 compared to 6.17% in the comparable period of 2023."Our primary focus is delivering an increased value to our shareholders, by improving our technological services and providing seamless customer experience, while preserving prudent risk management,” he added.

A higher than average selling pressure in five of the seven sectors on Thursday led the Qatar Stock Exchange to knock off more than 28 points in key index and as much as QR1.63bn in.text-box { float:left; width:250px; padding:1px; border:1pt white; margin-top: 10px; margin-right: 15px; margin-bottom: 5px; margin-left: 20px;}@media only screen and (max-width: 767px) {.text-box {width: 30%;}}**media[165545]**capitalisation.Geopolitical tension continued to weigh on sentiments as the 20-stock Qatar Index shed 0.29% to 9,637.59 points, although it touched an intraday high of 9,696 points.The Arab individuals were seen net profit takers in the main market, whose year-to-date losses widened further to 11.02%.About 73% of the traded constituents were in the red in the main bourse, whose capitalisation lost 0.28% to QR560.83bn on account of microcap segments.The local retail investors’ substantially weakened net buying had its influence on the main market, which saw as many as 500 exchange traded funds (sponsored by Masraf Al Rayan) valued at QR0.01mn trade across one deal.The foreign individuals were seen net sellers in the main bourse, which saw no trading of sovereign bonds.The foreign institutions continued to be bearish but with lesser intensity in the main market, which saw no trading of treasury bills.The Islamic index was seen declining faster than the main barometer in the main bourse, whose trade turnover and volumes were on the decline.The Total Return Index shrank 0.29%, the All Share Index by 0.29% and the All Islamic Index by 0.35% in the main market.The realty sector index tanked 1.4%, consumer goods and services (0.94%), telecom (0.84%), transport (0.49%), industrials (0.48%) and insurance (0.21%); while banks and financial services were up 0.06%.Major losers in the main market included Al Faleh Educational Holding, Qatar Electricity and Water, QLM, Milaha, Woqod, Commercial Bank, Dlala, Qatar German Medical Devices, Mekdam Holding, Meeza, Industries Qatar, United Development Company, Barwa, Mazaya Qatar, Ooredoo and Gulf Warehousing.Nevertheless, Baladna, Mesaieed Petrochemical Holding, Estithmar Holding, Qatar Islamic Bank, Lesha Bank and Nakilat were among the gainers in the main bourse.In the venture market, Al Mahhar Holding saw its shares appreciate in value.The Arab retail investors turned net sellers to the tune of QR3.52mn compared with net buyers of QR1.45mn on April 24.The foreign individuals were net profit takers to the extent of QR0.6mn against net buyers of QR0.36mn on Wednesday.The Qatari individual investors net buying weakened drastically to QR12mn compared to QR78.49mn the previous day.However, the domestic institutions’ net buying strengthened substantially to QR14.59mn against QR0.68mn on April 24.The Gulf retail investors turned net buyers to the tune of QR0.32mn compared with net sellers of QR0.31mn on Wednesday.The foreign institutions’ net profit booking declined considerably to QR0.01mn against QR41.3mn the previous day.The Gulf institutions’ net selling shrank noticeably to QR22.8mn compared to QR39.4mn on April 24.The Arab institutions had no major net exposure for the third straight session.Trade volumes in the main market eased 14% to 147.03mn shares, value by 27% to QR431.57mn and deals by 12% to 15,137.The venture market witnessed flat trade volumes at 0.04mn equities but value shrank 20% to QR0.05mn amidst flat transactions at 5.

HE the Minister of Finance Ali bin Ahmed al-Kuwari met top executives of several major US companies in the United States recently. Al-Kuwari held a bilateral meeting with Stephen A Schwarzman, chairman, CEO and co-founder of Blackstone. The minister also met Laurence Douglas Fink, chairman and CEO of BlackRock; John Dugan, chairman of Citigroup; Mike Bloomberg, Founder of Bloomberg LP and Robin Vince, president and CEO of BNY MELLON. The meetings focused on a diverse range of topics related to shared interests, with strong emphasis on finance and economy, the Ministry of Finance said.

HE Minister of State for International Cooperation at the Ministry of Foreign Affairs Lolwah bint Rashid Al Khater met on Thursday with HE Minister of Foreign Affairs of the Hellenic Republic George Gerapetritis, who is currently visiting the country. During the meeting, the two sides discussed cooperation relations between the two countries and ways to support and develop them. They also discussed the latest developments in the Gaza Strip and the occupied Palestinian territories, in addition to international developments. The meeting was attended by HE Ambassador of the State of Qatar to the Hellenic Republic Ali bin Khalfan Al Mansouri, HE Director of the European Affairs Department at the Ministry of Foreign Affairs Saoud bin Abdullah Al Mahmoud, and HE Ambassador of the Hellenic Republic to the State of Qatar Ioannis Ioannidis. (QNA)

HRH Crown Princess of the Kingdom of Sweden Princess Victoria Ingrid Alice Desiree met with HE Minister of Social Development and Family Maryam bint Ali bin Nasser Al Misnad, who is currently visiting the Kingdom of Sweden as part of an official working visit aimed at deepening means of bilateral cooperation between the two friendly countries in the field of social and development work.HE Maryam bint Ali bin Nasser Al Misnad emphasised the importance of the visit in light of the distinguished relations between the two countries, expressing hope that its outcomes would contribute to strengthening bilateral cooperation in the humanitarian, social, and developmental sectors, for the benefit of both nations and their friendly peoples.HE Minister of Social Development and Family also discussed with her Swedish counterpart HE Minister for Social Services Camilla Waltersson Gronvall, in the presence of HE State Secretary to the Minister for Social Services Minna Ljunggren and HE Ambassador of the State of Qatar to the Kingdom of Sweden Nadia bint Ahmed Al Sheebi, avenues of mutual cooperation and exchange of expertise regarding the development of social work mechanisms, as well as consulting on the latest developments in science and scientific research that serve those benefiting from security and social services programs.HE Minister Maryam Al Misnad visited the headquarters of the National Board of Health and Welfare to learn about the mechanisms of social services and child protection provided by the Board, discussing ways to exchange scientific and practical experiences in this regard. HE was accompanied by Her Excellency Minna Ljunggren, the Swedish State Secretary to the Minister for Social Services.HE also invited her Swedish counterpart Camilla Waltersson Gronvall and HE Minister for Older People and Social Security Anna Tenje to visit the State of Qatar to deepen discussion of ways and mechanisms for exchanging experiences.The Qatari and Swedish sides discussed areas of cooperation between the two friendly countries, as well as ways to enhance and develop them. They also addressed the most prominent social issues of mutual interest, including social security, child and women protection, family preservation, support for persons with special needs, the elderly, and persons with disabilities in conflict and war zones.HE Minister of Social Development and Family Maryam Al Misnad and her Swedish counterpart exchanged a declaration of intent to deepen bilateral relations and joint work, paving the way for the exchange of technical and legal expertise in the field of social work, which would lead to future agreements to enhance cooperation between the two countries in this field.Her Excellency hailed the remarkable development of relations between the State of Qatar and the Kingdom of Sweden, especially with the annual political consultations since 2019, which reflects the similarity of visions regarding bilateral issues. (QNA)

Nestled within the vibrant pulse of Doha's West Bay district rests The Four Seasons Doha, a lavish sanctuary where the gentle whispers of the sea mingle with the dreams painted by the towering skyline. Stepping into its opulent lobby, is always overwhelming. You’re instantly enveloped in a world of elegance and tranquility, a sanctuary from the chaos of city life. Although the hotel is very well located within the bustling city of Doha, but it’s far from the chaos. The sound of the sea waves across its beach is perhaps one of the reasons why it feels so relaxing. That's the vibe. There are two major reasons why I opted for FS Doha in a hoopla of other hospitality options in Doha, firstly because of its pet friendly policy and secondly because I had recently seen Bollywood superstar Kareena Kapoor Khan’s photoshoot happening there. It oozes luxury and also I wanted my feline Bonnie to experience the world as well, outside my two bedroom apartment which is pretty constant with its interior. At The Four Seasons Doha, their pet-friendly policy extends a warm welcome to all members of the family, creating an atmosphere of warmth and comfort that truly sets the hotel apart. From the moment I arrived with my beloved cat, Bonnie, I was greeted with open arms and genuine hospitality, ensuring that our stay was nothing short of extraordinary. The thoughtful amenities and personalised touches provided for my furry companion made me feel right at home, adding an extra layer of warmth and coziness to the experience. Whether it was the specially prepared meals or the plush bedding provided, (whoops! There was a scratching tower too), every detail was carefully curated to ensure that both of us felt valued and cherished. Where I had my own itinerary laid out, Bonnie had his own thing going on. Mornings at The Four Seasons Doha were a symphony of delight, with the tantalizing aroma of freshly brewed coffee and the promise of a new day awaiting. Breakfast at Elements was a culinary journey through flavours and textures, from fluffy pancakes to exotic fruit platters, each dish meticulously crafted to delight the senses. Since the weather is still bearable outside, to really get the last bit of wind before the blazing sun takes over Doha, I relaxed by the pool and beach and right before sunset went for a jet ski adventure. With the golden rays of the afternoon sun caressing my skin and the gentle rhythm of the waves lulling me into a state of relaxation, I surrendered to the beauty of the moment, grateful for the opportunity to escape the hustle and bustle of everyday life. It was the thrill of watersports that truly stole my heart at The Four Seasons Doha. Jet skiing against the backdrop of the Doha skyline during the sunset hour was a rush of adrenaline and excitement, a moment of freedom and exhilaration that left me breathless and invigorated. Dinner soirée was a celebration of Arabian flavors at Laya Cafe, where the Shawarma platter and mixed grill stole the show. With tender meat and bold spices, each bite was a tantalizing taste of the rich culinary heritage of the region, a feast fit for royalty. My staycation at The Four Seasons Doha was more than just a getaway—it was a journey of self-discovery and rejuvenation, a retreat into a world of luxury and indulgence. From the warmth of the staff to the beauty of the surroundings, every moment was a reminder of the joy that comes from embracing life's simple pleasures. As I bid farewell to this oasis by the sea, I carried with me a renewed sense of peace and gratitude, eager to return again soon. The Four Seasons Doha had captured my heart, and more than my mine: Bonnie’s! Thanks to their pet-friendly approach, our stay at The Four Seasons Doha was not just a vacation, but a truly unforgettable experience filled with love and companionship.

HE Minister of Foreign Affairs of the Kingdom of Bahrain Dr. Abdullatif bin Rashid Al Zayani left Doha Thursday afternoon after an official visit to the State of Qatar.His excellency and the accompanying delegation were seen off at Doha International Airport by HE Director of Department of Protocol at the Ministry of Foreign Affairs, Ibrahim bin Yousef Fakhroo. (QNA)

HE Speaker of the Shura Council Hassan bin Abdullah Al Ghanim met Thursday with HE Member of the Foreign Affairs Commission and Vice-President of France-Qatar Friendship Group in the French National Assembly (Parliament) Amelia Lakrafi, who is visiting the country.During the meeting, they discussed the existing bilateral relations between Qatar and France, especially parliamentarian cooperation, and ways to enhance and develop them. They emphasized the importance of exchanging visits and meetings between the two friendship groups on both sides, which would contribute to strengthening cooperation relations and exchanging parliamentary experiences.The meeting was attended by HE Deputy Speaker of the Shura Council Dr. Hamda bint Hassan Al Sulaiti and HE Member of the Shura Council and Chairperson of the Internal and External Affairs Committee at the Council Yousef bin Ali Al Khater.The meeting was also attended by HE Ambassador of the French Republic to the State of Qatar Jean-Baptiste Faivre. (QNA)

His Highness the Amir Sheikh Tamim bin Hamad Al-Thani received at his office in Lusail Palace on Thursday HE Minister of Foreign Affairs of the Kingdom of Bahrain Dr. Abdullatif bin Rashid Al Zayani, and the accompanying delegation, on the occasion of their visit to the country.At the outset of the meeting, HE Dr. Abdullatif bin Rashid Al Zayani conveyed the greetings of HM King of the Kingdom of Bahrain Hamad bin Isa Al-Khalifa, wishing His Highness good health and happiness, and the Qatari people continued progress, development and prosperity.For his part, HH the Amir entrusted HE Bahraini Minister of Foreign Affairs to convey his greetings to HM King Hamad bin Isa Al-Khalifa, wishing His Majesty good health and happiness, and the Bahraini people further development and prosperity.During the meeting, the two sides discussed brotherly relations between the two countries, and ways to enhance and develop them.HE Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani attended the meeting. (QNA)

Nobu Doha at Four Seasons Hotel Doha announces the launch of its Saturday Lunch, providing patrons with another exceptional dining experience amid the sleek ambiance of one of the largest Nobu restaurants in the world. This new offering is set to redefine weekend dining in Doha, inviting guests to treat themselves to the rich flavours and impeccable service that Nobu is celebrated for, in the effortless atmosphere of a Saturday afternoon. Locals, residents, and international visitors can indulge in an array of delectable culinary creations curated by Nobu’s expert chefs, including dishes such as Salmon and Chicken Tacos, Seabass Jalapeno Shiso, and Black Cod Miso. With its prime location at Four Seasons Hotel Doha, Nobu Doha has consistently captivated diners with its fusion of traditional Japanese techniques and Peruvian ingredients, maintaining its name as one of Doha’s favourite restaurants. "We are all thrilled to introduce an exciting new Saturday Lunch offering at the iconic Nobu," says newly appointed Director of Food & Beverage at Four Seasons Hotel Doha Gonzalo Bueno. "Saturdays in Doha are known for cozy gatherings and relaxing afternoons among friends and family, and we just couldn't imagine them without a touch of Nobu! Saturdays at Nobu Doha now hold the promise of bringing the best of weekend dining to our guests. Nobu Doha's Saturday Lunch is the place to be." Guests can expect a delightful menu featuring signature dishes, with a choice of two starters and a main course with edamame to share and a side of truffle rice. Starters (choice of two), include Salmon Tiradito, White Fish Dry Miso, Spinach Salad Dry Miso, Ceasar Salad Dry Miso, Salmon Tacos Spicy Miso, Chicken Tacos Anticucho, Crispy Squid Shiso Aioli, Prawn Dumplings, Crispy Tofu Aji Amarillo Truffle, Shrimp Tempura, Salmon Avocado Maki, Spicy Tuna Maki, Vegetable Maki, and Seafood Ceviche. Main Course (choice of one), includes Grilled Chicken with Anticucho, Sea Bass Shiso Salsa, Eggplant Miso, Mushroom Toban Yaki, Grilled Salmon Aji Amarillo Salsa, Roasted Duck Orange Miso, Lamb Chops Rosemary Miso, Beef Tenderloin Amazu Tosazu and Black Cod Miso. Every Saturday, 1 to 3.30pm, QR 165 for two starters and one main course. Additional QAR 50 for selected signature main course items. For reservations and inquiries on the Saturday Lunch experience at Nobu Doha, call/WhatsApp +974 4494 8888.