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The total assets of commercial banks in Qatar scaled up 6.5% to QR2.12tn in July this year compared to the same period in 2024, according to latest data issued by the Qatar Central Bank (QCB).Total domestic deposits with local banks rose 2.3% to QR852.3bn in July compared to the same period last year. Total credit disbursed by the local banks totalled QR1.34tn in July, up 5.5% on the same period in 2024. Broad money supply (M2) increased by 1.7% to QR739.5bn in July, compared to the same period in 2024, the QCB noted. M2 is an estimate of liquid assets, including cash on hand, money deposited in checking accounts, savings accounts, and other short-term saving vehicles such as money market funds and certificates of deposit.An increase in the country's bank assets, deposits, and credit indicates a growing banking sector, which clearly suggests an expansion of the money supply and increased economic activity. A healthy banking sector with growing assets and credit improve access to capital for businesses and households, facilitating their growth and development.

The total assets of commercial banks in Qatar scale up 6.5% to QR2.12 trillion in July this year compared to the same period in 2024, latest data issued by Qatar Central Bank (QCB) reveal.Total domestic deposits with local banks rose 2.3% to QR852.3 billion in July compared to to the same period last year.Total credit disbursed by the local banks totalled QR1.34 trillion in July, up 5.5% on the same period in 2024.Broad money supply (M2) increased by 1.7% to QR739.5 billion in July, compared to the same period in 2024, QCB noted.M2 is an estimate of liquid assets, including cash on hand, money deposited in checking accounts, savings accounts, and other short-term saving vehicles such as money market funds and certificates of deposit.

QatarEnergy continues to grow its LNG portfolio by expanding production capacity while reducing carbon intensity.Putting sustainability into practice, QatarEnergy continues to invest in advanced LNG vessels. The energy major has already ordered a fleet of 128 new LNG vessels, designed with the latest technologies, QatarEnergy noted in its 2024 Sustainability Report.“We aim to achieve a capacity of 160 MTPY post-2030, solidifying our role as a major provider of cleaner energy solutions globally. This capacity target includes the North Field West Expansion Project announced by QatarEnergy in 2024,” QatarEnergy noted.Advanced energy-efficient technologies and carbon capture systems are being integrated into new LNG facilities, alongside ongoing improvements in existing operations to reduce emissions and flaring.As part of QatarEnergy’s ongoing commitment to sustainability and reducing the environmental impact of its operations, it has taken a significant step forward by ordering a fleet of 128 new LNG vessels, designed with the latest technologies that will enhance operational efficiency while minimising environmental impacts.The new fleet will be equipped with highly efficient dual-fuel engines, advanced hull designs, and underwater coatings to reduce resistance, optimise fuel consumption, and significantly decrease emissions.The new LNG vessels will feature dual-fuel engines, enabling them to operate on both LNG and conventional marine fuels. This flexibility allows for a significant reduction in GHG emissions compared to traditional fuel sources. LNG, being a cleaner alternative, helps lower CO2 emissions, while the vessels’ efficient engine systems minimise NOx and SOx emissions.Additionally, the advanced hull design and underwater coatings will reduce drag and resistance, enabling smoother voyages with less fuel consumption and, consequently, fewer emissions.Another standout feature of these vessels is the air lubrication system. This technology creates a thin layer of bubbles beneath the hull, effectively reducing friction between the vessel and the water, which in turn lowers fuel consumption and further reduces emissions.“By optimising fuel efficiency through this cutting-edge technology, the new LNG vessels will not only help to reduce the operational carbon footprint but also enhance fuel savings,” QatarEnergy noted.

QatarEnergy continues to grow its LNG portfolio by expanding production capacity while reducing carbon intensity.Putting sustainability into practice, QatarEnergy continues to invest in advanced LNG vessels. The energy major has already ordered a fleet of 128 new LNG vessels, designed with the latest technologies, QatarEnergy noted in its 2024 Sustainability Report.“We aim to achieve a capacity of 160 MTPY post-2030, solidifying our role as a major provider of cleaner energy solutions globally. This capacity target includes the North Field West Expansion Project announced by QatarEnergy in 2024,” QatarEnergy noted.Advanced energy-efficient technologies and carbon capture systems are being integrated into new LNG facilities, alongside ongoing improvements in existing operations to reduce emissions and flaring.As part of QatarEnergy’s ongoing commitment to sustainability and reducing the environmental impact of its operations, it has taken a significant step forward by ordering a fleet of 128 new LNG vessels, designed with the latest technologies that will enhance operational efficiency while minimising environmental impacts.The new fleet will be equipped with highly efficient dual-fuel engines, advanced hull designs, and underwater coatings to reduce resistance, optimise fuel consumption, and significantly decrease emissions.The new LNG vessels will feature dual-fuel engines, enabling them to operate on both LNG and conventional marine fuels. This flexibility allows for a significant reduction in GHG emissions compared to traditional fuel sources. LNG, being a cleaner alternative, helps lower CO2 emissions, while the vessels’ efficient engine systems minimise NOx and SOx emissions.Additionally, the advanced hull design and underwater coatings will reduce drag and resistance, enabling smoother voyages with less fuel consumption and, consequently, fewer emissions.Another standout feature of these vessels is the air lubrication system. This technology creates a thin layer of bubbles beneath the hull, effectively reducing friction between the vessel and the water, which in turn lowers fuel consumption and further reduces emissions.“By optimising fuel efficiency through this cutting-edge technology, the new LNG vessels will not only help to reduce the operational carbon footprint but also enhance fuel savings,” QatarEnergy noted.

QatarEnergy’s existing facilities have already captured and successfully stored around 7.5mn tonnes of CO2 since 2019, according to HE the Minister of State for Energy Affairs, Saad bin Sherida al-Kaabi.“All our LNG expansion projects will deploy carbon capture and storage (CCS) technologies, aiming to capture over 11MTPY of CO2 by 2035,” noted HE al-Kaabi, also the President and CEO, QatarEnergy.“LNG remains at the core of our strategy, with ongoing projects to increase our LNG production from the current 77mn tonnes per year (MTPY) to 160 MTPY. This reinforces our position as a reliable provider of affordable lower-carbon energy,” HE al-Kaabi said in a message in the latest edition of QatarEnergy Sustainability Report.The minister noted, “Our investments span the entire LNG value chain, including a historic shipbuilding programme encompassing 128 ultra-modern, environmentally advanced ships. The fleet will enhance QatarEnergy’s capacity to meet the growing global LNG demand while reinforcing its dedication to operational excellence and sustainability.“Sustainability is central to our business strategy. We take a holistic approach that seeks to integrate environmental management, safety, social responsibility, and governance excellence across our local and global operations.”In 2024, QatarEnergy continued to advance clean energy and emission reduction projects. In November, QatarEnergy celebrated the ground breaking of the first world-scale blue ammonia project, which will produce 1.2mn tons of lower-carbon ammonia annually.Furthermore, he said, QatarEnergy aims to more than double Qatar’s urea production to over 12 MTPY, positioning the country as a leading global exporter and contributing to global food security.QatarEnergy is prioritising solar energy aiming to reach 4,000 megawatts (MW) of solar power capacity by 2030.In 2024, QatarEnergy announced the Dukhan solar power project with 2,000MW of capacity and joined a 1,250MW solar project in Iraq.In 2025, the Ras Laffan and Mesaieed solar power plants will add a combined 875MW to Qatar’s solar power generation capacity, joining Al-Kharsaah’s 800MW.As part of its ongoing commitment to reduce its environmental impact, QatarEnergy is setting new sector-specific targets to reduce GHG emissions intensity of our downstream assets – petrochemicals, metals, and fertiliser facilities – by 10 to 15% by 2035.These targets build on QatarEnergy’s sustainability strategy and complement its previously announced upstream and LNG facilities intensity targets.QatarEnergy emphasises collaboration for progress through the Tawteen program, aiming to strengthen the local supply chain and foster sustainability-driven innovation and economic development.Since its creation in 2018, this unique programme has generated more than 100 investment opportunities.In 2024 alone, 29 opportunities were awarded, including four related to sustainability.Safety remains a foundational top priority for QatarEnergy, the minister emphasised. In 2024, QatarEnergy maintained zero fatalities for the third consecutive year and continued to focus on empowering its workforce.Creating lasting value through corporate social responsibility programmes, QatarEnergy continues to address social and environmental challenges, reducing its environmental footprint, and fostering inclusive growth.“These achievements were made possible by the dedication of our employees, the trust of our stakeholders, and the support of our partners, for which we are grateful. I look forward to working together to build a more sustainable future for all.“I would like to express our deepest gratitude to His Highness Sheikh Tamim bin Hamad al-Thani, the Amir of the State of Qatar, for his vision, guidance, and unlimited support,” the minister noted.

Qatar is one of the largest investors in Germany, with investments exceeding €25bn across key sectors such as the automotive industry, telecommunications, hospitality, and banking, noted Qatar Chamber Chairman Sheikh Khalifa bin Jassim al-Thani.Bilateral trade between the two countries, he said, exceeded QR6bn last year, compared to QR 7.1bn in 2023, Sheikh Khalifa said while addressing the Qatar-German Business Meet yesterday.“Germany is not only a global economic powerhouse but also a highly valued partner of Qatar,” he said.Sheikh Khalifa emphasised the pivotal role of German companies operating in Qatar in supporting the country’s path toward industrial development and technological advancement.The Qatar-German Business Meet, which was held at the Chamber’s headquarters was attended among others by Silvio Conrad, CEO, TUV NORD Group, Hans-Udo Muzel, German Ambassador.Sheikh Khalifa stressed that Qatar continues to move forward in building a diversified and sustainable economy rooted in knowledge and innovation, thereby reinforcing its position as a global investment destination in line with Qatar National Vision 2030.He also underscored the private sector’s role as a key driver of this transformation and a vital partner in achieving comprehensive development.The QC Chairman pointed out that Qatar has become a preferred global investment destination thanks to the directives of HH the Amir, Sheikh Tamim bin Hamad al-Thani and the government’s clear vision to expand the industrial base.This is supported by an enabling legislative framework, advanced infrastructure, designated industrial zones, and a sophisticated transport network.He further highlighted the promising prospects for cooperation in numerous sectors, including energy and renewable resources, sustainable infrastructure, logistics, education, smart technologies, pharmaceuticals, and others.Conrad said Germany and Qatar are bound by strong and long-term relations. He noted that the German Near and Middle East Association (NUMOV) has many partners across the Middle East, including in Qatar, which opens the door for further cooperation, particularly in the technology sector.The delegation included a number of leading German companies in IT, AI, telecommunications, energy, and resources.He affirmed that German companies are eager to explore new areas to expand their relations in the region and to strengthen economic ties with the Qatari private sector.Muzel underscored the depth of German-Qatari relations and noted that Qatar is one of the largest investors in Germany, a fact that opens wider horizons for cooperation and partnerships between the business communities of both countries.The German Near and Middle East Association (NUMOV) is Germany’s oldest and leading organization dedicated to fostering economic relations between Germany and the countries of the Near and Middle East.Since its foundation more than 90 years ago, NUMOV works to strengthen trade and investment ties by organizing business forums, conferences, and delegations, while providing valuable economic insights and market information.The association brings together a wide network of German companies across diverse sectors, including energy, technology, infrastructure, finance, and transport, thereby serving as a vital platform for enhancing German-Middle Eastern economic cooperation.

Qatar’s GDP growth will more than double in 2026-2027, with both the energy and non-energy sectors contributing positively this year and beyond, according to Oxford Economics.The researcher’s 2025 GDP growth forecast is unchanged at 2.4%, similar to the pace of expansion last year. However, trade-related uncertainty will remain a headwind to global demand, it said in a country report.Oxford Economics thinks growth in Qatar’s energy sector will remain modest this year, following a 0.6% expansion in 2024, before picking up strongly in 2026-2027.According to Oxford Economics, Qatar isn't involved in the OPEC+ pact on production quotas and its oil output has been relatively flat in recent years, at around 600,000 barrels per day.Last year, the authorities doubled down on the North Field gas expansion project, which will have a positive medium-term impact. Qatar raised its liquefied natural gas capacity target to 142mn tonnes per year by end-2030.This is up nearly 85% from the current 77mtpy, and up 13% on the intermediate target of 126mtpy by 2027. The first production boost will come from the North Field East project by mid-2026, followed by the North Field South phase of the expansion.The North Field West phase is in its early stages, with construction likely to begin in 2027.Qatar is also making progress in contracting future gas output. The government has signed long-term supply contracts with India, China, France, Germany, Hungary, Kuwait, and Taiwan, and is negotiating a deal with Japan.Output data (reported in April this year) showed the non-energy economy expanded by 3.4% last year, and the researcher projects the same pace of growth in 2025.The 2025 budget targets a deficit of QR13.2bn (1.6% of projected GDP). The authorities plan to raise spending by 4.6% relative to last year's budget and 1.2% relative to realised expenditure, with a strong focus on development in education and healthcare. The bill assumes an average oil price of $60/barrel.It projects a surplus of QR23bn (2.8% of GDP), larger than the surplus of QAR5.6bn (0.7% of GDP) realised in 2024. The researcher sees the balance improving to 5.7% of GDP next year amid the LNG production boost.Oxford Economics also noted tourism has provided significant support to non- energy growth and will remain a driver of future activity and employment.Qatar welcomed 5.1mn overnight arrivals in 2024, a 25% increase on 2023 and 138% higher than 2019 levels. The launch of the pan-GCC visa will likely help extend the positive performance and we forecast arrivals to increase to 5.3mn this year, it said.

National Cyber Security Agency (NCSA) announced that QIIB has become the first bank in Qatar to be awarded the National Information Assurance (NIA) certificate.The bank successfully achieved the electronic compliance certificate for NIA certification number 10023.QIIB is now officially listed as a certified entity on the NCSA's website.QIIB Chief Executive Officer Dr Abdulbasit Ahmad al-Shaibei stated, “Receiving the first NIA certification in the banking sector in Qatar marks a pivotal milestone in the journey of our institution and reaffirms our position as a pioneer in adopting the highest standards of cybersecurity.“This achievement was made possible through the constructive collaboration with the National Cyber Security Agency (NCSA) and the supervisory authorities, most notably the Qatar Central Bank.”“This certification is a clear testament to our strict adherence to advanced information security practices and reflects our alignment with the national cybersecurity strategy of the State of Qatar. It further strengthens our clients’ confidence in the security and reliability of our digital banking services.”He further noted: “We extend our sincere gratitude and appreciation to the National Cyber Security Agency (NCSA) for its continuous support and valuable guidance throughout this certification process. Their role has been instrumental in helping us reach this remarkable milestone.”“With this certification, we reaffirm our commitment to investing in the latest cybersecurity solutions and technologies to ensure highly secure and resilient digital banking services. This reflects our dedication to meeting our clients’ expectations while contributing to the national efforts of building a safe and integrated digital ecosystem in Qatar,” al-Shaibei added.NCSA emphasised the importance of compliance with the National Information Assurance (NIA) Standard as it contributes to the protection of national information assets and strengthens the cybersecurity posture across sectors.NCSA said it looks forward to other banks and financial institutions, government entities and organisations within critical sectors obtaining the National Information Assurance (NIA) Certification, which will fundamentally enhance and contribute to raising the level of cyber resilience across the nation.

Ooredoo and Qatar Airways have announced a strategic partnership to enhance Artificial Intelligence (AI), Cloud, and Cybersecurity capabilities in Qatar.The signing of the “landmark” Memorandum of Understanding (MoU) reaffirms a partnership that has spanned 15 years of co-innovation.The latest collaboration aims to leverage the combined expertise of the two industry leaders to drive innovation and accelerate digital transformation at national and regional levels.This partnership will facilitate the creation of a national AI hub, delivering state-of-the-art infrastructure, advanced tools, and robust data security frameworks.By aligning with Qatar’s long-term vision for technological leadership and economic diversification, Ooredoo and Qatar Airways are laying the foundation for an intelligent, AI-driven future.A key aspect of this collaboration is the investment in local talent. Through targeted training and upskilling programmes, the partnership will nurture the next generation of AI, Cloud, and Cybersecurity professionals, support sustainable development, and reinforce Qatar’s leadership in technological excellence.Further underscoring its commitment, Ooredoo’s investment in the NVIDIA GPU platform, a cutting-edge solution, was operationalised in July 2025. This platform will provide businesses, government entities, and developers with unprecedented high-performance processing capabilities, enabling them to innovate with greater speed and effectiveness.Sheikh Ali Bin Jabor al-Thani, Chief Executive Officer, at Ooredoo, said, “At Ooredoo, we are committed to unleashing AI's transformative power to enhance human potential and redefine what's achievable. This strategic alliance with Qatar Airways merges our respective expertise to position Qatar as a global leader in AI advancement and digital innovation.“We take pride in spearheading this visionary initiative toward a comprehensively digitally empowered future where advanced technology drives growth.”Qatar Airways Group Chief Executive Officer Badr Mohammed al-Meer, said, “Leveraging technology to drive innovation has been a cornerstone of Qatar Airways digital strategy. We have already implemented a wide-range of AI applications across our operations, with additional opportunities in the pipeline to elevate the customer experience, empower our workforce and improve operational efficiencies.”“Through this partnership, we are proud to advance Qatar Airways role as a national AI champion by sharing our practical experience of such implementation at scale. This collaboration supports the wider national ambition to accelerate AI adoption across various sectors and together we are setting new benchmarks for excellence across multiple industries.”By integrating Ooredoo’s AI infrastructure with Qatar Airways’ operational and technology expertise, this partnership will enable the delivery of more innovative and connected experiences across telecommunications, aviation, and beyond.It reflects a shared commitment to building a knowledge-based, technology-driven economy and reaffirms Qatar’s position as a regional leader in digital innovation.

Africa’s projected 2050 population implies that the continent’s energy supply needs will have to increase more than fourfold from current levels to meet minimum development standards, according to GECF.In a recent report, the Doha-headquartered Gas Exporting Countries Forum said that despite a threefold increase in Africa’s primary energy demand since 1982, per capita energy consumption has remained essentially stagnant.This stagnation, it said, is largely a demographic result of population growth, which has seen the continent’s population expand by nearly one billion people over the same period.As demographic pressures intensified, energy supply struggled to keep pace, resulting in a widening structural imbalance between available energy and societal demand.Today, Africa’s average per capita energy consumption stands at just one-third of the global average, reinforcing the continent’s persistent energy access deficit and highlighting the growing divergence in global energy equity.This imbalance is mirrored in poverty trends. According to World Bank estimates using the international poverty line of $2.15 per day (2017 PPP), Africa’s poverty headcount ratio was around 41% in 1982 and remained stubbornly high at a similar level by 2019.In stark contrast, China provides a compelling illustration of how expanding energy access can catalyse poverty reduction: from 1982 to 2015, China’s poverty headcount fell dramatically from 88% to 0.7%, driven in part by a six fold increase in per capita energy consumption.Looking ahead, Africa is poised to experience one of the most profound demographic shifts globally, with its population projected to grow by nearly one billion people by 2050.Reputable forecasts from leading energy institutions anticipate a sharp rise in energy demand across the continent, GECF noted.However, given current trajectories and systemic constraints, energy supply growth is unlikely to keep pace with population expansion.As a result, per capita energy consumption is commonly used as a proxy for energy access. It is not predicted to experience any meaningful increase by mid-century, and the absolute number of people living in energy poverty may rise further under these scenarios, exacerbating socioeconomic vulnerabilities of the continent and beyond.These concerning scenarios raise a fundamental question as to the level of energy demand necessary to address energy poverty and support human development in Africa effectively.Two complementary approaches help frame this question. First, examining international best practices, such as China’s integration of energy expansion with rapid industrialisation, job creation and poverty eradication, offers important lessons.Second, from a human development needs and economic empowerment perspective, multiple studies converge around a minimum per capita energy threshold of 50 to 100 GJ/year, below which human development is severely constrained.A widely cited benchmark is 70 GJ/person/year, which is aligned with an HDI greater than 0.8, deemed sufficient to meet essential needs such as nutrition, housing, mobility, education, and health.Applying this threshold to Africa’s projected 2050 population implies that energy supply would need to increase more than fourfold from current levels to meet minimum development standards.While Africa possesses a diverse endowment of energy and mineral resources, including natural gas and renewable energy, achieving this scale of supply expansion constitutes a monumental undertaking, one that will require massive infrastructure investment, scaled-up access to innovative and affordable finance, adoption of context-specific technological solutions, and predictable, efficient and coherent policy and regulatory frameworks.GECF noted the continent has already embarked on significant initiatives to address persistent energy access challenges. The African Union’s Agenda 2063—Africa’s “blueprint and master plan for transforming the continent into a global powerhouse of the future”—sets out a vision of inclusive and sustainable development, fostering unity, self-determination, and collective prosperity.Similarly, Mission 300, spearheaded by the World Bank Group and the African Development Bank (AfDB), commits to providing electricity access to 300mn people in Sub-Saharan Africa by 2030, a transformative step towards achieving universal energy access.

Qafco CEO Abdulrahman al-Suwaidi will address the 15th edition of its Agri-Nutrients Conference in Abu Dhabi from September 29 to October 1.Hosted by Fertiglobe, the conference will convene global leaders and stakeholders to explore the future of agri-nutrients and chart a path toward sustainable growth.Held under the theme ‘Sustainable Growth: Turning Challenges into Opportunities’, the event will open with a welcome address by Abdulrahman al-Suwaidi, CEO, Qafco and Chairman of GPCA Agri-Nutrients Committee, who will outline the conference’s focus on innovation and sustainability in the agri-nutrient sector.Delivering the keynote address ‘Advancing agri-nutrients to meet tomorrow’s challenges’ will be Svein Tore Holsether, President and CEO, Yara International, whose remarks will highlight the critical role of agri-nutrients in ensuring global food security amid shifting landscapes.A high-level panel ‘Accelerating Growth: Harnessing Innovation, Sustainability, and Scalability’ will feature Naser Al-Omaira, Acting CEO, Fertil; Fahad al-Battar, CEO, SABIC Agri-Nutrients, N. Suresh Krishnan, Board of Directors, Fertiliser Association of India (FAI) and MD & CEO, Paradeep Phosphates; and Rakesh Kapur, Joint MD, IFFCO, to explore strategic priorities for driving sustainable growth in the agri-nutrient sector.An executive panel ‘How nutrients innovation drives sustainability and quality for food brands” will feature Dr. Rania Abou Samra, VP of Innovation and Research, Nestlé MENA, and Tom Harvey, GM, Commercial, Spinneys, to explore how innovation in agri-nutrients can enhance food quality, sustainability, and consumer trust.The opening address on the second day will be made by Fahad al-Battar, CEO, SABIC Agri-Nutrients, and Vice-Chair, GPCA Agri-Nutrients Committee.“We look forward to welcoming delegates to one of the region’s most influential industry gatherings,” said Dr. Abdulwahab al-Sadoun, Secretary General, GPCA.“This conference is a catalyst for networking and collaboration across the global and regional agri-nutrient value chain, and we anticipate strong participation and engagement.”A special workshop on ‘Operational excellence’ will take place on September 29, allowing delegates to immerse themselves in practical insights and case studies about driving operational efficiency.

Hamad International Airport has facilitated a “smooth and efficient journey” for returning travelers as the summer holiday season concludes and the new school year commences.Using the car park for pick-ups: For picking up arriving passengers at the airport, HIA said it is advisable to use the parking facilities to ensure smooth traffic flow, enhance safety and convenience, and avoid penalties for parking at the curbside.Flexible travel options to the city: Upon entering the Arrivals Hall, several reliable transportation options are available to reach Doha.Ride-hailing services: Uber and Badrgo are available at the designated pick-up zone in the parking facility opposite the Arrivals Hall.Doha Metro: A short indoor walk leads directly to the Metro station, connecting travellers to key destinations across the city.Taxis and buses: Authorized taxis and buses are available at the dedicated pavilions on each corner of the Arrivals Hall, ensuring service quality, safety, and reliable lost-and-found support.Other Options: Car rental, limousine, and valet services are available at both Departures and Arrivals.Baggage collection: Collecting bags at the airport has been designed to ensure a smooth and convenient experience. Oversized items such as strollers and wheelchairs are delivered on dedicated baggage belts A and B.It is recommended that fragile belongings be packed in hard-shell luggage to prevent damage. Passengers should verify their baggage tags before leaving the airport. For assistance, the Baggage Services Office is in the Arrivals Hall.Immigration processes: E-gates provide a convenient method for completing immigration procedures swiftly. Eligible travellers arriving in Doha, including families with children taller than 130cm, can utilise the service for a more efficient arrival experience.Hamad International Airport is dedicated to ensuring that the final step of the journey for returning travellers to Doha is simple, safe, and stress-free. This commitment allows passengers to focus on settling back in and preparing for the season ahead.

The Qatar Investment Authority (QIA) is “positioning” Qatar not just as an energy powerhouse but as a strategic player in the global minerals market, noted Michael Finch, Head of Strategic Initiatives at Benchmark Mineral Intelligence.“This is a long-term strategy that underpins economic diversification and supply chain security,” Finch noted at Al-Attiyah Foundation podcast, which was hosted by Stephen Cole.QIA, which is Qatar’s sovereign wealth fund, has become a leading international investor in the sector.It is the largest institutional shareholder in commodities giant Glencore, holding an 8%-9% stake, and has recently invested in companies like TechMet and Rainbow Rare Earths, strengthening ties with supply chains vital for the energy transitionIn a world racing toward decarbonisation, the Middle East and North Africa (Mena) are standing at the precipice of historic transformation. Long defined by oil and gas wealth, the region is now seeking to secure its place in a post-hydrocarbon future.Finch emphasised that Mena nations are not merely reacting to global change but actively reshaping their economies for the decades ahead.Still, hydrocarbons represent around 40% of Saudi Arabia’s GDP (Gulf International Forum, 2024), over 60% of Qatar’s GDP (World Bank, 2023), and roughly a quarter of the UAE’s GDP (Reuters/IMF, 2024).That dependence underscores the urgency of diversification. “There’s a real economic imperative,” Finch explained. “This is not simply about risk management — it’s a lucrative opportunity.”Across the region, sovereign wealth funds hold an estimated $5tn in assets under management, increasingly channelled into mining, refining, and clean energy infrastructure. Saudi Arabia’s Public Investment Fund and other state-backed vehicles are similarly making bold bets, including downstream ventures in electric vehicles and overseas acquisitions of mineral assets.The strategy is characterised by patience and foresight, with funds pursuing multi-decade returns tied to energy transition industries rather than short-term profit.While Mena is unlikely to rival South America or Australia in sheer geological endowment, the region holds valuable reserves. Morocco stands out as a global leader in phosphate resources, critical for lithium iron phosphate battery cathodes, while Saudi Arabia is advancing rapidly in copper, gold, and rare earth elements. New extraction technologies, such as Direct Lithium Extraction, could also unlock value from the region’s oilfield brines — leveraging existing hydrocarbon infrastructure for future supply chains.The conversation also touched on electric vehicle adoption in Mena, which remains at an early stage with penetration generally under 1% across the region, though the UAE leads at around 3% new car sales (Bain & Company, 2024).Still, growth targets are ambitious: Morocco aims to expand EV production capacity to 100,000 vehicles by 2025 (CleanTechnica, 2024), while Saudi Arabia has set a goal of producing 500,000 EVs annually by 2030 (Construction Week Saudi, 2024).Finch concluded: “The energy transition is not a threat to the region — it is an opportunity. With resources, capital, and expertise, Mena can become a cornerstone of the future global energy system”.“For Qatar, and for the wider region, the era of critical minerals is not just a hedge against the decline of oil — it is the foundation of a new energy economy,” he added.

Beyond the TarmacThe Asia-Pacific region’s aviation industry is back on the growth trajectory.The International Air Transport Association (IATA), the global body of airlines, predicts 9% growth for Asia-Pacific in 2025.Which means, a region that has struggled to shrug off the strictures of Covid-19 is once again posting the highest growth rate in the world.Aviation in Asia-Pacific supports $890bn in GDP and 42mn jobs, with the potential to increase to $2.3tn in GDP and 62mn jobs by 2043.Analysts say rising middle-class populations, particularly in China, India, Indonesia, Vietnam, and the Philippines, are fuelling demand for both domestic and international travel.Asia is the epicentre of global e-commerce (China and Southeast Asia leading), driving robust demand for air cargo and integrated logistics.Asia-Pacific is home to some of the world’s most dynamic tourism markets. Countries like Thailand, Japan, Vietnam, and Australia continue to record strong inbound flows. Analysts believe regional tourism agreements and visa liberalisation policies are expected to boost connectivity.The UNWTO and IATA forecast Asia-Pacific to contribute more than half of global passenger growth over the next two decades.“Most countries have crossed the line of pre-COVID figures and are experiencing increasing air travel demand,” says Sheldon Hee, IATA’s Regional Vice President for Asia-Pacific.“Four of the most populous countries in the world are in our region and all are young, emerging economies with a fast-growing middle class. We are even seeing some significant visa relaxation policies.“But the resumption of growth comes with challenges,” he adds. “The profit margin for 2025 is expected to be just 1.9%, or $2.60 per passenger. Aviation in Asia-Pacific must become more economically robust to meet demand with a high level of customer service delivered cost-efficiently.”Airport and airspace capacity are naturally the main considerations. On the positive side, there are at least 90 new airports under construction or in the planning stage, including significant gateways in Australia, India, and Vietnam. Each is a sign that the relevant government has aviation development on its agenda.“But there is more room for collaboration,” says Hee. “Airlines don’t need over-investment in facilities that would require deeper cost recovery. Development must be calibrated correctly, and airlines must be part of the conversation so that investments are correctly staged.”To assist passenger throughput — especially amid narrow margins — digitalisation in both passenger and cargo operations is essential. Every efficiency will count.Digitalisation and contactless travel centred on IATA’s ‘One ID’ will also be key enablers in enhancing the customer experience.India’s ‘Digi Yatra’, a facial recognition system for verified domestic customers, is leading the way but interoperability will be critical.Meanwhile, airspace is also being upgraded across the region but there is a notable bottleneck in the Bay of Bengal where aircraft get bunched for a variety of factors.The different levels of maturity in this diverse region mean there are also plenty of areas still reliant on older equipment, which leads to inefficiencies on a broader scale.Air cargo is an important part of needed capacity as Asia-Pacific is a major origin point for the booming e-commerce trade. Cargo revenues are often critical to the profitability of a flight, and this is certainly the case in Asia-Pacific.Trade barriers and tariffs could change traditional flows but demographic conditions and the desire to trade more within the region mean there are multiple opportunities for air cargo ahead.Although the outlook remains positive for this sector, there are inefficiencies to address. Paper is still commonplace in the region and optimisation based on the ONE Record has plenty of room for growth.“The industry is also doing a lot of work to make the carriage of dangerous goods (DG), and particularly lithium batteries, safer,” says Hee. “Good progress is being made but this work is especially pertinent to Asia-Pacific given the manufacturing in the region. We must educate the upstream shippers about the need for correct DG packaging and documentation.”IATA said it continues to work with governments and aviation authorities to promote the benefits of aviation and the business case for unlocking capacity.Undoubtedly, Asia-Pacific will remain the fastest-growing aviation region globally, led by China and India. Regional connectivity, tourism, and cargo are estimated to expand strongly.That said, the region’s air traffic management systems need modernisation to handle rising volumes efficiently and safely. Despite expansion, congestion at major airports in the region remains a major concern.

His Excellency the Minister of State for Energy Affairs, Saad Sherida al-Kaabi met in Doha today Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas) of Nigeria. Discussions during the meeting dealt with energy relations and cooperation between Qatar and Nigeria and means to enhance them.

GCC will need to invest an estimated $12bn to $25bn in recycling infrastructure by 2045 to position itself as a circular plastics hub, according to industry assessments.A new report from KAPSARC and Strategy& Middle East, part of the PwC network, finds that the Gulf Co-operation Council could play a critical role in closing the global gap in recycled plastics — with demand projected to outstrip supply by up to 35mn tonnes by 2030.Although demand for recycled plastics is rising by 8% annually — outpacing the 2% annual growth in virgin plastics — supply continues to lag behind.Despite growing momentum, less than 70% of global demand for recycled materials is being met. The shortfall is expected to reach 35mn tonnes by 2030.Today, GCC countries generate around 10mn tonnes of plastic waste annually but only 10% is recycled, reused or recovered. This ratio is on par with the global average, yet behind leaders like China and other OECD countries.In Saudi Arabia, the plastics and chemical sectors contribute 6%–9% of GDP, underscoring the region’s economic exposure to global shifts in plastics demand and the opportunity to lead in circularity.Devesh Katiyar, Partner, at Strategy& Middle East, said, “With global mechanical recycling still under 10% and pressure mounting from ESG mandates, carbon regulations, and shifting consumer preferences, there is a growing mismatch between supply and demand.“Unless addressed, this imbalance could delay climate progress and reinforce reliance on virgin plastics. The GCC is uniquely positioned to bridge this gap by leveraging its petrochemical strengths for circular solutions.”Globally, chemical recycling — especially pyrolysis — is gaining momentum, but its commercial viability depends on feedstock availability, energy prices, and plant efficiency.Modelling by KAPSARC and Strategy& shows that chemical recycling plants in the GCC that are embedded in petrochemical clusters can break even at plastic waste feedstock prices of $240 to $280 per metric tonne. Even at higher prices of $450 to $500 per tonne, profitability is still achievable, provided recycled plastics continue to command a market premium over virgin materials.Jayanth Mantri, Principal, at Strategy& Middle East, commented, “The economics of chemical recycling are compelling for the GCC, especially when integrated into existing systems and supported by the region’s competitive energy costs. Unlike traditional petrochemicals, chemical recycling is knowledge-intensive and offers potentially higher economic multipliers and innovation-driven growth.”Low-cost energy and existing infrastructure make the GCC well-positioned to lead. According to the report, success requires progress on three fronts: feedstock access, regulatory certainty, as well as innovation and consumer awareness.To ensure stable feedstock supply and global market access, the GCC must establish formal plastic waste trade corridors with Asia, Africa, and Europe.This includes upgrading ports, customs systems, and cross-border traceability infrastructure in line with international standards — securing inbound waste streams and enabling outbound exports of certified recycled resins.To reduce reliance on foreign policy shifts, the region must also accelerate domestic regulatory reform. Key priorities include extended producer responsibility (EPR) schemes, recycled content mandates, pricing reform for virgin polymers, and harmonised quality and safety standards across the GCC.Scaling circularity will also depend on investment in chemical recycling, smart sorting systems, and blockchain traceability tools. Government co-funding can support R&D in partnership with industry, while consumer incentives and awareness campaigns will help drive demand and improve waste segregation.The report also calls for blended financing to help build a modern circular plastics ecosystem, noting that GCC nations should leverage sovereign wealth funds, PPPs, and de-risking mechanisms to mobilise capital and attract global players.

Commercial Bank has launched Visa Commercial Pay (VCP), a groundbreaking virtual payment platform designed to transform how small and medium-sized enterprises (SMEs) manage supplier payments and corporate expenses.Commercial Bank becomes the first bank in Qatar to offer Visa Commercial Pay to SMEs and leading the way in revolutionizing B2B paymentsThis exclusive offering for Commercial Bank’s SME Visa business credit cardholders ushers in a new era of secure, automated, and highly controlled B2B transactions.With Visa Commercial Pay, card payments can be made directly to suppliers’ accounts, demonstrating Commercial Bank’s continued commitment to pioneering digital payment solutions for businesses in Qatar.Building on its legacy of pioneering payment solutions, Commercial Bank’s introduction of Visa Commercial Pay addresses key business challenges through advanced virtual card technology. The solution generates unique virtual account numbers for each transaction, significantly reducing fraud risk and providing finance teams with enhanced control.SMEs can set customised payment parameters such as merchant categories, geographic restrictions, and spending limits, all managed through an intuitive digital portal.The platform’s seamless integration with existing systems and digital wallets like Apple Pay, enabling instant, traceable payments and comprehensive remittance information. Real-time dashboards further provide strategic spend analytics and policy compliance monitoring.Shahnawaz Rashid, EGM and Head of Retail Banking at Commercial Bank, said: "In Qatar’s rapidly growing economy, it is fundamental for businesses to optimise cash flow and operations. By replacing manual processes with intelligent automation through Visa Commercial Pay, we are empowering businesses to reallocate resources from administrative tasks to growth initiatives.”Shashank Singh, Visa’s Vice President and General Manager for Qatar and Kuwait, said: “The introduction of Visa Commercial Pay with Commercial Bank offers SMEs a more efficient and secure way to manage their payments and expenses. As we progress, we remain dedicated to working closely with Commercial Bank to further tailor our solutions to support the digital transformation of local businesses and growing needs of Qatar’s digital economy.”Visa Commercial Pay is now available to eligible SME clients, reinforcing Commercial Bank’s commitment to delivering future-ready financial tools. Businesses can activate the service through their relationship manager.

Qatar accounts for a significant share of GCC’s proven natural gas reserves, with 24.7tn cubic metres (tcm), making it the largest holder in the region and a global leader in liquefied natural gas (LNG) exports, according to a new report.The GCC collectively holds more than 40tcm of proven natural gas reserves, representing about 20% of the world’s total, Arthur D Little (ADL) said in a research note.Annual production volumes underscore the region’s strategic role: Qatar produces 211bn cubic metres (bcm), Saudi Arabia 124bcm, the UAE 56bcm, and Oman 54bcm, while Kuwait and Bahrain each produce 20bcm or less and rely heavily on imports to meet demand, the report noted.Historically, gas allocation decisions in the region have followed a straightforward logic: meet domestic power needs, support key industries, and fulfil export commitments.However, ADL’s research warns that without a more systematic approach, significant value could be left untapped. The Resource Utilisation Index (RUI) addresses this challenge by integrating five interlinked strategic dimensions into a single comparative score.It first considers EBITDA impact, measuring the true profitability generated per unit of gas and adjusting for opportunity cost to provide an accurate picture of financial value. It then evaluates GDP contribution, capturing the direct, indirect, and induced effects of gas use on national output, including multiplier effects across supply chains.Employment generation is assessed not only in terms of the number of jobs created, but also the quality of those jobs, their alignment with national workforce strategies, and their role in skills development.The economic complexity dimension examines how gas allocation supports diversification and industrial upgrading, favouring pathways that enable the production of more sophisticated, high-value exports. Finally, the framework factors in global market synergies, identifying sectors where gas utilisation can leverage trade partnerships, export readiness, and existing infrastructure to expand the region’s economic footprint.Energy-intensive industries illustrate the importance of this approach. In aluminium smelting, for example, energy can account for up to 40% of production costs, and overall energy usage can represent around 50% of total aluminium production costs.While access to affordable gas strengthens cost competitiveness, the RUI helps decision-makers weigh this against the potential value of redirecting the same gas to higher-return uses such as LNG exports or advanced petrochemicals.“The RUI is not about prescribing a single path for gas allocation. It’s about equipping decision-makers with the tools to make choices that align with national goals, economic diversification, and long-term resilience,” said Peter Kaznacheev, Principal at ADL Middle East. “By measuring profitability, economic impact, and strategic alignment in a single framework, we offer a holistic view of where gas delivers the greatest value.”The index can be tailored to national priorities by adjusting weightings across its five dimensions, and recalibrated as market conditions evolve or new industries emerge. Its applications range from helping governments set long-term planning objectives to enabling corporate planners and joint ventures to balance domestic requirements with export opportunities.Recent global trade turbulence – alongside regional industrial expansion – has reinforced the need for evidence-based allocation strategies.“With major producers like Qatar, Saudi Arabia, the UAE, and Oman facing rising internal demand, and import-reliant states such as Kuwait and Bahrain under increasing supply pressure, the framework offers a unified lens for strategic gas deployment,” the research noted.“In a time of shifting global alignments and economic recalibration, the RUI empowers GCC nations to view gas not just as an energy source, but as a strategic lever for sustainable growth,” added Ilya Epikhin, Principal at ADL Middle East.By quantifying the economic, social, and strategic value of each cubic meter of natural gas, ADL’s RUI equips GCC leaders with the means to make allocation decisions that reinforce diversification, competitiveness, and resilience in a rapidly evolving energy landscape.