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Friday, June 26, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "economic" (186 articles)

Saudi Crown Prince and Prime Minister Mohammed bin Salman and US House Speaker Mike Johnson (R-LA) walk through Statuary Hall at the US Capitol, on their way to a meeting with members of Congress, on Capitol Hill in Washington, DC, US, Wednesday.
Region

Saudi crown prince hosted at US Congress

Members of Congress hosted Saudi Crown Prince Mohammed bin Salman at the US Capitol Wednesday, on the second day of a visit to Washington that has aimed to tout stronger-than-ever economic and security ties.President Donald Trump gave bin Salman a lavish welcome at the White House on Tuesday. A handful of Republican members of Congress, including House of Representatives Speaker Mike Johnson, Senate Foreign Relations Committee Chairman Jim Risch, and House Foreign Affairs Committee Chairman Brian Mast, attended a black-tie gala dinner at the White House for bin Salman on Tuesday.Secretary of State Marco Rubio, sat near him during Tuesday's Oval Office meeting. Trump repeatedly said it was "an honour" to be friends with the Saudi leader, and the two men held hands. The crown prince arrived at Congress for a reception hosted by Johnson and attended by some Democrats as well as some of Trump's fellow Republicans.The meeting was not announced and the speaker's office did not respond to a request for comment. No similar meeting was held in the Senate. Neither Johnson nor Republican Senate Leader John Thune had the type of press opportunity, with photos and remarks, that is often held when world leaders visit the Capitol. Leaving the hour-long session with bin Salman, Mast said it had been a "fantastic" meeting that covered topics from Saudi Arabia's future internally, to Israel and Gaza, technology transfers, and efforts to thwart Chinese espionage."We covered just a lot of ground and covered a lot of ground with his royal highness at the White House last night as well," Mast told Reuters. Bin Salman, who agreed in the meeting with Trump to increase the kingdom's planned investments in the US to $1tn from $600bn, also attended an investment conference in Washington Wednesday that included CEOs from major US companies.The two sides also announced new agreements on arms sales, civil nuclear cooperation and artificial intelligence. Representative Gregory Meeks of New York, the top Democrat on the Foreign Affairs Committee, attended the House reception. Afterward, he called on the Trump administration to brief Congress on the agreements and questioned whether Trump's family businesses would benefit.Trump on Tuesday vehemently denied any conflict of interest with his family's Saudi investment interests.

Gulf Times
Qatar

Qatar Charity signs pact with Gambia ministry to enhance social protection

Qatar Charity (QC) signed a memorandum of understanding (MoU) with Gambia’s Ministry of Gender, Children, and Social Welfare to strengthen co-operation in social protection, economic empowerment, and improving the quality of life for vulnerable groups. **media[382657]** The signing ceremony was attended by Fatou Sanyang Kinteh, Minister of Gender, Children, and Social Welfare of Gambia; His Excellency Abdullah Jassim al-Kuwari, acting Charge d’Affaires at the Embassy of Qatar in Gambia; and Mustafa Essatte, director of QC’s office in Gambia, alongside senior officials and civil society representatives. The MoU was signed by Ilo Jallow, Permanent Secretary at the Ministry, and Mustafa Essatte, director of QC’s office in Gambia. **media[382658]** Speaking at the event, Kinteh stressed the importance of this partnership, saying, “This co-operation represents a pivotal step in achieving the ministry’s goals of strengthening social protection for vulnerable groups, empowering women economically and socially, improving care services for children and the elderly, and supporting social inclusion programmes to raise living standards in rural communities. **media[382659]** “We believe that working hand-in-hand with QC will deliver a tangible and sustainable impact on the ground,” the Minister said, thanking the Embassy of Qatar, QC, and the people of Qatar for their continued support. **media[382660]** Al-Kuwari lauded the initiative, noting its role in advancing social development and economic empowerment in Gambia. Essatte said the MoU reflects a shared commitment to supporting vulnerable groups, empowering women, and improving living standards. He stressed the importance of joint efforts for sustainable impact and thanked the Minister, the Qatari envoy, and the people of Qatar for their continued support. **media[382661]** The ceremony also marked the distribution of essential aid, including 200 kitchen sets, 320 solar-powered lamps, 69 blood pressure monitors, 19 sewing machines, 14 vegetable stalls, and four electric wheelchairs for persons with disabilities. Over the past three months, QC’s office in Gambia completed 28 solar-powered wells in 28 villages, benefiting about 8,400 people. The office also launched six sheep-farming projects and five poultry projects, distributed 62 sewing machines, set up 26 fruit and vegetable stalls, and provided three motorbikes, supporting 102 low-income families. Social and educational efforts included distributing 90 blood sugar monitors, 11 school bag and uniform provision projects, 15 bicycles for orphans, building a home for a mother of orphaned children, and constructing a mosque covering 80 sqm.

A woman votes at a polling station during the referendum in Petrillo Sunday. (Reuters)
International

Ecuador votes on hosting foreign bases as Noboa eyes more powers

Ecuadorans went to the polls Sunday to vote on whether to allow the return of foreign military bases and on starting a constitutional overhaul that could give Trump-friendly President Daniel Noboa more power.Nearly 14mn Ecuadorans are eligible to cast ballots on four questions that will decide how the country tackles rampant drug violence and addresses economic reforms.The South American nation banned foreign military bases on its soil in 2008.But with a "Yes" vote Sunday, which pre-election polling showed as likely, the US military could potentially return to the Manta airbase on the Pacific coast — once a hub for Washington's anti-drug operations."It is the only way to toughen the laws a bit and put an end to the insecurity our country is experiencing," Teresa Jacome, 60, told AFP in the crime-ridden largest city of Guayaquil.Other questions posed to voters concern ending public funding for political parties, reducing the number of lawmakers, and creating an elected body that would draft a new constitution.Polls will close at 5pm.The vote is taking place amid unprecedented violence sparked by turf wars and side hustles of drug trafficking gangs, a scourge which Noboa has vowed to tackle with a firm hand.It also comes as the US military conducts a series of airstrikes against alleged drug smuggling boats, a divisive policy from President Donald Trump that Noboa has backed.In office since November 2023, Noboa has deployed soldiers on the streets and in prisons, launched dramatic raids on drug strongholds, and declared frequent states of emergency — criticized by human rights groups.The 37-year-old millionaire has also posted images of hundreds of inmates, their head shaves, in orange uniforms being moved to a new mega-prison, echoing moves by El Salvador's Nayib Bukele.Still, in the first half of this year, there were 4,619 murders — the "highest in recent history," according to Ecuador's Organised Crime Observatory.Just as voting began, Noboa announced that the leader of the country's most notorious gang, Los Lobos, had been captured.The most-wanted drug kingpin known as "Pipo" had "faked his death, changed his identity and hid in Europe," Noboa said on X.Interior Minister John Reimberg later said "Pipo" had been detained in Spain in a joint operation between Ecuadoran and Spanish police.Once much safer, Ecuador now has one of the highest homicide rates in Latin America, and many would like to give Noboa freer rein.The prospect of aiding Trump's deadly air campaign against alleged drug trafficking boats will be on some voters' minds.Many Latin American governments are opposed, but Ecuador has become one of Washington's top champions in the region.Noboa has asked for Trump's help in tackling cartels and floated the idea of US bases returning to Ecuadoran soil.Regarding the other questions on the ballot, Noboa says the current constitution, at 400-plus articles, is too long and has "many errors."But he has been coy about what parts of the constitution he would like to change, leading to allegations he wants to consolidate power and curb rights.The body to draft a new constitution would likely be dominated by Noboa's allies, given his approval rating of around 56%.Noboa, the Porsche-driving son of a banana tycoon, also aims to reshape the state and economic model to give more space to the private sector.

Gulf Times
Business

Minister of State for Foreign Trade Affairs meets senior US officials during Washington visit

His Excellency Dr Ahmed bin Mohammed al-Sayed, Minister of State for Foreign Trade Affairs, met with a number of senior US officials during his visit to Washington, DC, to discuss strengthening economic and trade ties between Qatar and the US.His Excellency al-Sayed met with David O Sacks, the White House ‘AI & Crypto Czar’ and co-chair of the President’s Council of Advisors on Science and Technology; Jacob Helberg, Undersecretary of State for Economic Growth, Energy and the Environment; Jeffrey I Kessler, Undersecretary of Commerce for Industry and Security; David L Fogel, Assistant Secretary of Commerce and Director General of the US & Foreign Commercial Service (Global Markets); and Ben Black, CEO of the US International Development Finance Corporation.**media[382148]**The programme also included a meeting with Jeffrey Goettman, candidate for the position of US Deputy Trade Representative. During the discussions, the Minister of State underscored that economic relations between Qatar and the US are defined by strong trade flows, mutual investment, and active private-sector collaboration.His Excellency al-Sayed emphasised the importance of the partnership across key areas, particularly trade and investment, and expressed confidence that mutual relations will continue to grow and deepen in the years ahead.

The roundtable took place during His Excellency the Minister of Finance Ali bin Ahmed al-Kuwari's official visit to the UK. It focused on strengthening economic relations and exploring investment opportunities between the two countries.
Business

Qatar and UK explore investment opportunities at London roundtable

His Excellency the Minister of Finance Ali bin Ahmed al-Kuwari participated in a roundtable discussion between Qatar and the United Kingdom in London, attended by leading executives from the financial and professional services sectors.The roundtable took place during the Minister's official visit to the UK. It focused on strengthening economic relations and exploring investment opportunities between the two countries.Discussions highlighted ways to mobilise Qatari capital to support growth initiatives in the UK, as well as opportunities for British investment in projects aligned with Qatar National Vision 2030, promoting sustainable development and economic growth.Participants also emphasised the importance of long-term institutional partnerships designed to mitigate risks and maximise returns, enhancing economic integration between Qatar and the UK while supporting innovative projects in the financial and services sectors.

Mohammed bin Hassan al-Malki, Undersecretary of the Ministry of Commerce and Industry of Qatar, with Rakan bin Waddah Tarabzoni, Undersecretary of the Ministry of Economy and Planning for International Economic Affairs of Saudi Arabia.
Business

Qatari-Saudi co-ordination council committee on economy, trade and industry holds meeting in Riyadh

The Working Group of the Qatari-Saudi Committee on Economy, Trade and Industry, part of the Qatari-Saudi Co-ordination Council, held their meeting recently in Riyadh, Saudi Arabia.The meeting was co-chaired by Mohammed bin Hassan al-Malki, Undersecretary of the Ministry of Commerce and Industry of Qatar, and Rakan bin Waddah Tarabzoni, Undersecretary of the Ministry of Economy and Planning for International Economic Affairs of Saudi Arabia. Senior officials from both countries also participated.During the meeting, the two sides reviewed the strong relations between Qatar and Saudi Arabia and discussed ways to enhance economic, trade, and industrial co-operation to serve shared interests.Discussions focused on mechanisms to facilitate import and export procedures, promote bilateral trade, and strengthen co-operation in key sectors.The parties reviewed progress on joint initiatives, addressed existing challenges, and explored potential solutions.In addition, the committee examined its strategic objectives and pathways to deepen economic integration and bilateral co-ordination, in line with the national visions of both countries.

Faisal Rashid al-Sahouti, QICDRC chief executive officer at the SIFoCC meeting in India.
Business

QICDRC attends 6th full meeting of SIFoCC in New Delhi

The Qatar International Court and Dispute Resolution Centre (QICDRC) has participated in the recent 6th full meeting of the Standing International Forum of Commercial Courts (SIFoCC), held in New Delhi, India.The gathering brought together high-level delegations representing about 68 commercial courts from around the world, including chief justices, presidents of judicial councils, and senior judges.This strong international presence reflects the increasingly important role of commercial courts in strengthening confidence in the rule of law and building stable, attractive legal and economic environments that support global investment.Faisal Rashid al-Sahouti, QICDRC chief executive officer highlighted the key role played by it in supporting international judicial co-operation and advancing commercial justice systems.SIFoCC serves as a leading platform for the exchange of expertise and best practices, and for strengthening collaboration among commercial courts worldwide — an effort that facilitates cross-border trade and enhances the efficiency and integrity of international judicial processes, according to him.The meeting’s sessions covered a wide range of pressing topics, including advancing international judicial convergence through the development of shared standards and practices to support the recognition and enforcement of commercial judgments across borders.Discussions also explored the implementation of arbitration and mediation awards, as well as practical mechanisms for document exchange and witness hearings between different judicial systems.Participants examined issues relating to corporate legal responsibility in light of global challenges such as climate change, digital transformation, and the expansion of private finance, and the implications of these developments for commercial law.In addition, the sessions addressed the use of artificial intelligence within judicial systems, underlining the importance of establishing clear ethical frameworks to safeguard judicial independence and uphold the principles of fair trial.QICDRC had hosted the 5th full meeting of SIFoCC in Doha in April 2024, continuing Qatar’s efforts to strengthen international judicial co-operation and promote professional dialogue among commercial courts.That meeting underscored Qatar’s position as a leading centre for commercial justice and a hub for the resolution of international business disputes.Established in 2017 as a global judicial initiative, SIFoCC provides a unique platform for collaboration between commercial courts from diverse legal systems.With 68 member courts worldwide, the forum works to promote professional cooperation, exchange judicial expertise, and develop practical mechanisms for resolving cross-border commercial disputes — contributing to greater stability in global commerce and enhancing confidence in the legal frameworks that underpin the world economy.

Faisal Rashid al-Sahouti, QICDRC chief executive officer at the SIFoCC meeting in India.
Business

QICDRC attends 6th full meeting of SIFoCC in New Delhi

The Qatar International Court and Dispute Resolution Centre (QICDRC) has participated in the recent 6th full meeting of the Standing International Forum of Commercial Courts (SIFoCC), held in New Delhi, India.The gathering brought together high-level delegations representing about 68 commercial courts from around the world, including chief justices, presidents of judicial councils, and senior judges.This strong international presence reflects the increasingly important role of commercial courts in strengthening confidence in the rule of law and building stable, attractive legal and economic environments that support global investment.Faisal Rashid al-Sahouti, QICDRC chief executive officer highlighted the key role played by it in supporting international judicial co-operation and advancing commercial justice systems.SIFoCC serves as a leading platform for the exchange of expertise and best practices, and for strengthening collaboration among commercial courts worldwide — an effort that facilitates cross-border trade and enhances the efficiency and integrity of international judicial processes, according to him.The meeting’s sessions covered a wide range of pressing topics, including advancing international judicial convergence through the development of shared standards and practices to support the recognition and enforcement of commercial judgments across borders.Discussions also explored the implementation of arbitration and mediation awards, as well as practical mechanisms for document exchange and witness hearings between different judicial systems.Participants examined issues relating to corporate legal responsibility in light of global challenges such as climate change, digital transformation, and the expansion of private finance, and the implications of these developments for commercial law.In addition, the sessions addressed the use of artificial intelligence within judicial systems, underlining the importance of establishing clear ethical frameworks to safeguard judicial independence and uphold the principles of fair trial.QICDRC had hosted the 5th full meeting of SIFoCC in Doha in April 2024, continuing Qatar’s efforts to strengthen international judicial co-operation and promote professional dialogue among commercial courts.That meeting underscored Qatar’s position as a leading centre for commercial justice and a hub for the resolution of international business disputes.Established in 2017 as a global judicial initiative, SIFoCC provides a unique platform for collaboration between commercial courts from diverse legal systems.With 68 member courts worldwide, the forum works to promote professional cooperation, exchange judicial expertise, and develop practical mechanisms for resolving cross-border commercial disputes — contributing to greater stability in global commerce and enhancing confidence in the legal frameworks that underpin the world economy.

Qatar Chamber acting director general Ali Bu Sherbak al-Mansouri during a meeting with Linda Sultan, director general of the Tripoli and North Lebanon Chamber of Commerce, Industry, and Agriculture.
Business

Qatar, Tripoli chambers explore ways to enhance co-operation

Qatar Chamber acting director general Ali Bu Sherbak al-Mansouri held a meeting with Linda Sultan, director general of the Tripoli and North Lebanon Chamber of Commerce, Industry, and Agriculture, to review trade and economic co-operation relations and ways to enhance them.The meeting, held in the presence of Ali Hamad al-Marri, director of the Department of Committees and Business Councils Affairs at the chamber, also reviewed means to promote joint and mutual investments that contribute to increasing trade exchange between Qatar and Lebanon.Al-Mansouri emphasised the depth of fraternal relations between Qatar and Lebanon, saying Qatari businessmen are keen to expand their investments in Lebanon. He also cited the ongoing co-operation between the business sectors of both countries.He stressed the chamber’s commitment to encouraging Qatari businessmen to explore investment opportunities in Lebanon, noting the strong and long-standing relations between the Qatar Chamber and the chambers of commerce in Lebanon.Similarly, Sultan praised the distinguished relations between both countries, expressing her aspiration to strengthen co-operation between the Tripoli and North Lebanon Chamber and the Qatar Chamber in various fields that serve the business communities in both countries.

Gulf Times
Region

GCC Secretary General discusses ways to enhance economic relations with EU commissioner for trade and economic security

Secretary General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi met in Kuwait with European Union (EU) Commissioner for Trade and Economic Security Maros Sefcovic.The meeting took place on the sidelines of the 9th GCC-EU Economic Forum. During the meeting, several economic and commercial topics were discussed, along with ways to enhance GCC-European relations in areas and priorities of common interest. Both sides affirmed their aspiration to strengthen relations and build numerous partnerships in various fields between the Cooperation Council and the EU.

Gulf Times
Business

Qatar Exports concludes trade mission to Oman; clinches potential deals of QR223mn

Qatar Exports has concluded its 2025 trade mission to Oman, with participation from more than 45 Qatari firms, with the value of potential deals exceeding QR223mn.The mission represented a new milestone in advancing trade and investment cooperation between Qatar and Oman.It aligns with the joint statement issued earlier this year, which reaffirmed both countries’ commitment to supporting the private sector, intensifying efforts to increase trade exchange, and enhancing economic integration between the two countries."The strong coordination and joint efforts throughout this mission reflect the depth of economic relations between Qatar and Oman, and the real potential both countries share for building meaningful regional and international partnerships grounded in mutual interests," said Khalid Abdulla al-Mana, Qstar Development Bank (QDB) Vice President of Enterprise Development and Executive Director of Qatar Exports.Through Qatar Exports, QDB is committed to promoting Qatari products in Gulf and global markets, he said, adding "we will continue to support national exporters by building their capabilities and opening doors to new markets, helping them compete globally as part of our broader strategy to grow Qatar’s export ecosystem.”The mission brought together senior Qatari and Omani officials and featured in-depth bilateral discussions between the two sides, alongside a series of meetings and an exhibition for Qatari companies that highlighted the diversity and quality of Qatari products.In total, the program included 350 bilateral meetings, the mission’s activities attracted more than 450 visitors, and the value of potential deals exceeded QR223mn.

Gulf Times
Qatar

R. Tulsian & Co. Qatar branch approved as official ICV certifier

R.Tulsian and Co proudly announces its approval as an official In-Country Value (ICV) Certifier in Qatar. This milestone further strengthens the firm’s commitment to supporting Qatar’s economic diversification goals while reinforcing its position as one of the most trusted audit and advisory firms in the region.The ICV program is a cornerstone of Qatar’s efforts to enhance local economic participation, encourage private-sector growth, and increase the use of local services, suppliers, and workforce. As a recognized ICV Certifier, R.Tulsian and Co. will now be authorized to assess, verify, and issue ICV certificates for companies across industries, enabling them to participate more effectively in Qatar’s procurement ecosystem.A Landmark for the FirmWith more than six decades of professional heritage and a growing international footprint across India,US,UK,Saudi Arabia,Oman,UAE, Bahrain and now Qatar, R. Tulsian & Co. has consistently been at the forefront of innovation and client service. The Qatar Branch has quickly emerged as a trusted partner for corporates, SMEs, and associates in the region, particularly in the areas of audit, assurance, and compliance.“Becoming an ICV Certifier in Qatar is both an honor and a responsibility,” said Shashwat Tulsian, Partner. “This approval recognizes our technical strength, global best practices, and local expertise. More importantly, it allows us to play a direct role in advancing Qatar’s vision for sustainable economic development.”Supporting Businesses, Driving ImpactThe firm’s role as a certifier is to deliver fair, transparent, and independent assessments in line with ICV requirements. Through this role, R. Tulsian & Co. helps ensure consistency in certification and contributes to the smooth functioning of the ICV framework in Qatar.About R. Tulsian & Co. LLPEstablished over 60 years ago, R. Tulsian & Co. LLP is a leading audit, assurance, and advisory firm with offices across the US, UK, India, Saudi Arabia, UAE, Oman, Bahrain, and Qatar. Thefirm’s Qatar Branch focuses on audit, compliance, and advisory services for corporates and SMEs, bringing global expertise combined with deep local understanding. Its approval as an ICV Certifier marks another step in its journey to support regional growth and economic transformation.For media inquiries, please contact:Shashwat TulsianPartnerR. Tulsian & Co- Qatar Branch+974-33063032