Business

Sunday, June 28, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Business

Abdullah Zeini Jefri, IFC’s division director for the Gulf Cooperation Council (GCC) Countries.

Emerging markets offer Qatar dual gains in food security, investment returns

Emerging markets provide Qatari investors with opportunities to achieve food security goals while generating commercially viable returns, the International Finance Corporation (IFC) has emphasised.Abdullah Zeini Jefri, IFC’s division director for the Gulf Cooperation Council (GCC) Countries, said emerging markets offer stronger alignment between national priorities and investment outcomes compared to developed economies.“There are more commercially feasible opportunities in emerging markets that Qatari investors can capitalise on,” Jefri told Gulf Times.He explained that IFC’s role extends beyond identifying opportunities to structuring and executing them. “We believe that we can help Qatari investors identify those opportunities, structure them, and make them successful,” Jefri pointed out.At the same time, Jefri acknowledged two barriers that often inhibit Qatari capital from entering these markets: a lack of reliable information and difficulty in connecting with credible local partners.“One is a lack of information. A lot of these markets don’t have that much research or knowledge. The other is linking Qatari investors with local investors in these destination markets. Again, this is what IFC excels at,” he explained.He stressed that IFC’s global reach is a key differentiator in bridging these gaps. “We are a global institution, but we have a presence in almost all the countries globally. And we have local teams based in all of those countries that we can help connect Qatari investors with the investors in those markets and capitalise on those opportunities,” Jefri explained.He stated that IFC’s recently opened World Bank Group office in Doha, with a resident team focused on food security systems, is intended to convert pipeline opportunities into concrete investments.According to Jefri, the US-Qatar Business Council – Doha (USQBC Doha) complements this effort by leveraging its institutional relationships within Qatar. “USQBC Doha brings deep relationships with Qatar institutions, and we bring global expertise in investments in the American markets. Through this combination, we help to unlock the full potential of Qatar’s private sector,” Jefri explained.The IFC and USQBC Doha recently launched the study ‘Building Resilient Food Systems: A Roadmap for Qatar’s South-South Agrifood Investments in Emerging and Developing Markets’, said Jefri, who added that the report aims to shed light on markets where information gaps have discouraged Qatari investors from pursuing opportunities.“By thoroughly analysing these markets is what this report hopes to achieve by shedding a lot of light on some of these markets where lack of information inhibits potential investments from Qatari investors,” he pointed out.

A general view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia. Saudi Aramco resumed crude loadings Friday at its Ras Tanura terminal after a near four-month halt, shipping data showed, as the world's biggest oil exporter joined a ⁠rush to move cargoes amid industry hopes of a return to normal.

Saudi Aramco resumes oil loading at Ras Tanura in boost to supply

Saudi Aramco resumed crude loadings on ​Friday at its Ras Tanura terminal ‌in the Gulf after a near four-month halt, shipping data showed, as the world's biggest oil ‌exporter joined a ⁠rush to move cargoes amid ‌industry hopes of a return to normal.The Saudi ‌oil loadings come even though a ship belonging to Taiwan's Evergreen Marine was hit by an unknown object in the ⁠Strait of Hormuz on Thursday.Middle Eastern producers had been ramping up oil and gas output and exports in the lead-up to the interim deal between the United States and Iran to halt the war and reopen the strait where a fifth of the world's oil and liquefied natural gas supplies used to pass.Two Very Large Crude Carriers controlled by Saudi's shipping arm Bahri were seen loading crude at Ras Tanura, the world's biggest oil port, while another waited nearby, the data showed. Each VLCC is capable of loading 2mn ​barrels of oil.Saudi Aramco, among the last of major Gulf producers to resume exports from inside the Gulf, could not be immediately reached for comment outside office hours.British navy agency UKMTO paused its operation to escort ships through the strait after the ‌attack on the cargo ship, reigniting concerns ⁠about whether the preliminary ​deal to end the Iran war will hold.Two US officials told Reuters that Iran had ​fired on the ship, while Iran's Gulf Strait Authority, which Tehran established to manage requests for ships to travel through the strait, said vessels outside routes it has set will not be guaranteed safe passage.Ras Tanura sits on Saudi Arabia's eastern coast on the Gulf and is west of the Strait of Hormuz. It used to export more than 5mn bpd of crude before the conflict. The country's largest domestic 550,000 bpd refinery is also located at Ras Tanura, which was shut during the war as a precautionary measure.Aramco last loaded a cargo from Ras Tanura port for China on March 8, LSEG data showed, and had to divert its exports to the Red Sea port of Yanbu after the Iranian blockade ‌of the strait during its war with the ‌US and Israel prevented ships from entering the ⁠Gulf.The war has caused Saudi crude exports to slump to about 4mn bpd in the past three months, ⁠the data showed, from more than 7mn ⁠bpd in February.Global oil prices fell more than $1 a barrel on Friday after edging up on the reports of the attack on the cargo ship. Supply pressure is increasing after crude shipments through the strait rose this week to their highest level since the conflict broke out.Saudi Aramco may cut August prices sharply next week as competition among producers intensify.Iraq's SOMO and Qatar issued tenders offering crude following similar moves by Kuwait and the ​United Arab Emirates. Iran is also rushing its exports after Washington temporarily lifted sanctions. Two empty VLCCs - Natsumi and Halti - entered the Gulf on Friday to load Iranian oil, shipping data showed.Tankers ferrying UAE oil continued transiting the strait on Friday, with two laden VLCCs exiting and one heading to Zirku port, the data showed."Two million barrels a day came back online in three weeks, and the recovery is spread across the region," Rystad Energy's Mena research director Aditya Saraswat said in a note, adding that the supply picture is clearly improving.The consultancy now estimates that shut-in production across the Gulf has fallen to 9.6mn barrels per day (bpd) in mid-June, down from 11.7mn ‌bpd just three weeks ago, ​and expects a full supply recovery in the region by the end of the year.