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The assets of Islamic banks in the country grew by 3.9% to QR585.5bn in 2024, according to Bait Al-Mashura Finance.Quoting figures from the Qatar Central Bank (QCB), Bait Al-Mashura said in 2023 Islamic bank assets in the country totalled QR563.7bn.Islamic banks accounted for 28% of the total assets of Qatar’s banking sector, the researcher said.Domestic assets of Islamic banks increased by 4% in 2024 to QR529.7bn, while their reserves rose by 6.3% to QR20.6bn.Foreign assets amounted to QR35.2bn, a 0.4% decrease year-on-year compared to 2023.The compound annual growth rate (CAGR) of assets for Qatar’s Islamic banks over the five-year period (2020-2024) reached 5.4%, compared to 3.5% for traditional commercial banks in the country during the same period.In 2024, Islamic banks in Qatar recorded revenues of QR29.5bn, representing a growth rate of 12.6% compared to 2023.Financing and investment activities accounted for 91% of these total revenues. This growth was driven by a 13.8% increase in financing and investment revenues, along with an 8.4% decrease in the provision for credit losses compared to 2023.Over the period 2020-2024, the revenue of Islamic banks grew at a CAGR of 9%.In 2024, the four Islamic banks in Qatar achieved total net profits of QR8.7bn for their shareholders, compared to QR8.2bn in 2023, representing a 6% growth.Data from the QCB showed that total deposits in the Qatari banking system grew by 4.1% in 2024.Islamic bank deposits in Qatar increased by 8.2% during the same period, compared to a 2.2% increase in deposits at conventional commercial banks.Islamic bank deposits accounted for approximately 34% of the total deposits in the Qatari banking system, reaching a total of QR339.1bn, compared to QR313.4bn in 2023.Over the period 2020-2024, the compound annual growth rate for deposits in Islamic banks was 5%, compared to 1.5% for conventional banks.The private sector held the largest share of deposits in Islamic banks, at 57%, followed by the public sector with 38%. Non-resident deposits constituted only 5% of total deposits in Islamic banks.During 2024, the most significant growth rate was observed in public sector deposits, which increased by 20%. Private sector deposits also grew by 4%, while non-resident deposits declined by 16% compared to 2023.According to quarterly data from the QCB, financing provided by Islamic banks (in 2024) reached QR401.5bn, an increase of 4.9% compared to 2023.Credit facilities extended by traditional commercial banks also increased by 4.4%.The most significant growth in Islamic bank financing in 2024 was observed in the real estate and general trade sectors, increasing by 16% and 12.7% respectively.Financing for the services and consumer sectors also increased by 4.5% and 2.9% respectively.Conversely, financing for the industrial and construction sectors declined by 14.2% and 11.3% respectively.Islamic bank financing represented 30% of total banking sector financing in 2024.During the period 2020-2024, the CAGR for total financing by Islamic banks was 5.2%, compared to 3% for traditional commercial banks.

Qatar Chamber held a meeting Monday with a business delegation from India to discuss trade and economic relations and ways to enhance them, as well as opportunities for private sector collaboration and partnerships and promising sectors for Qatari investment in India.The delegation was led by Sanjay Beswal, co-chair of the International Affairs Committee at PHDCCI India, while Qatar Chamber board member Mohamed bin Mahdi al-Ahbabi headed the Qatari side.Addressing the meeting, al-Ahbabi highlighted the strong co-operation between Qatar and India at all levels, particularly in trade and economic relations. He noted that India is one of Qatar’s most important trading partners, with bilateral trade reaching QR48bn last year. He added that the Indian business community plays an active role in supporting Qatar’s economic development through the presence of numerous Indian companies operating across various sectors in the Qatari market.Al-Ahbabi also emphasised Qatar Chamber’s commitment to strengthening partnerships and co-operation between Qatari and Indian companies through joint investments and projects across diverse sectors, including energy, infrastructure, technology, healthcare, and food security.He invited Indian companies to explore the investment opportunities available in Qatar, highlighting the country’s advanced infrastructure and progressive legislation, which pave the way for deeper collaboration between the Qatari and Indian business communities.For his part, Beswal noted that PHDCCI is one of India’s oldest chambers, established over 128 years ago, and includes a wide range of leading companies, including SMEs across all sectors.He expressed his keenness to enhance co-operation with Qatar Chamber to develop stronger partnerships between the business sectors of both countries, especially given the shared desire to expand trade and economic co-operation. He highlighted the strong economic and commercial ties between the two countries, noting that India is one of Qatar’s leading exporters.Beswal said many Indian companies are keen to invest in Qatar and collaborate with Qatari counterparts across all sectors, inviting Qatari investors to explore India’s promising investment opportunities in infrastructure, education, healthcare, services, renewable energy, technology, and innovation, supported by legislative reforms, incentives, and a pro-business environment.He also invited Qatari businessmen and investors to visit India to explore available opportunities and meet their Indian counterparts to discuss co-operation and joint ventures.The meeting also included a presentation highlighting investment opportunities in India across sectors, such as energy, infrastructure, transport, smart cities, technology and innovation, food security, agriculture, healthcare and pharmaceuticals, renewable energy, and fintech.Also present at the meeting were Deepak Pundir, commercial attaché at the Indian Embassy in Qatar, along with a number of Qatari businessmen and their Indian counterparts.

German Foreign Minister Johann Wadephul advocated for the immediate start of efforts to reach a two-state solution in the Middle East, while criticizing the Israeli offensive in Gaza City as completely misguided."For Germany, the recognition of a Palestinian state is more likely to come at the end of the process," the minister said. "But this process must begin now."On Monday afternoon, on the eve of the UN General Assembly, Wadephul plans to attend a conference organized by France and Saudi Arabia that aims to boost support for a two-state solution that envisions Israel and an independent, democratic Palestinian state living peacefully side by side."What the region needs now is an immediate ceasefire, significantly more humanitarian aid for the people in Gaza and the immediate, unconditional release of the hostages," Wadephul said.The Israeli offensive on Gaza City is completely the wrong approach, he added. "Any steps towards annexing occupied territories in violation of international law also undermine the chance of a lasting solution to the conflict." "As far as it may seem at the moment, a negotiated two-state solution is the way to enable Israelis and Palestinians to live in peace, security and dignity," Wadephul continued.

Qatar beat Yemen 1-0 in the AGCFF U-17 Gulf Cup match played at the Grand Hamad Stadium on Sunday.Faisal Saeed scored the winner for the hosts. Qatar will next play Oman on Wednesday before meeting the UAE on September 27th.

The United States finished the world championships in style as Noah Lyles and Melissa Jefferson-Wooden completed memorable individual weeks by helping their country to emphatic golds in both 4x100m relays in driving rain Sunday.Jefferson-Wooden became the second woman to sweep all three sprint titles at one World Athletics Championships.The 24-year-old, who won the 100-200m double in Tokyo, helped the United States to a lead at the last exchange and Sha'Carri Richardson brought the baton home in 41.75 seconds."I did what I wanted to do individually, and then came back together with my girls, my training partners, and we were all able to walk away with the gold," said Jefferson-Wooden."It's crazy to be going home with three gold medals. I added my name to the history books once again. I am right where I want to be."Jamaica finished second in 41.79 to send sprint queen Shelly-Ann Fraser-Pryce, whose 2013 sweep Jefferson-Wooden emulated, into retirement with a 17th world championship medal."I'm grateful for the opportunity that I got once more to represent my country and to walk away with a silver medal," said the 38-year-old, who won 10 world and three Olympic sprint titles over her glittering career."I'm excited to have done it with a young team that is coming up, and I'm hoping that I would have done my part to just add some inspiration or some outlook for them."Germany came third in 41.87 for bronze on the back of a blistering final leg from Gina Lueckenkemper to see off Britain, who finished fourth in 42.07.In the men's race, the final track event of what has been a fantastic nine days of action, the U.S. were slick in their handovers despite the testing conditions.Kenny Bednarek got a gold to cheer him up after yet another silver in the 200m, but it was Lyles taking the spotlight again as he brought them home in 37.29 for his second gold after he won a fourth successive 200 following his bronze in the 100."We all know we are the fastest. We just had to get the baton from start to finish," Lyles said."I saw the lead we had and it was a kind of a relief as everybody did such a great job. I just had to finish the race. They made it easy for me. I could not have asked for a better relay."Fast-finishing Canada took silver in 37.55, with the Netherlands delighted to take bronze in a national record 37.81.With the men's discus outstanding, due to rain delays, the U.S. sit top of the medal table with 16 gold, five silver and five bronze. Kenya are second with seven golds, while a record 50 countries have won a medal.

HE Sheikh Hassan bin Jabor al-Thani Sunday announced a dramatic return to international power boat racing after an 11-year lay-off from the sport.The former Qatari offshore racer was a regular front-runner in the UIM Class One World Powerboat Championship and the American racing scene until he stopped competing at the end of 2014.His former British throttleman Steve Curtis MBE has continued to compete in the highest echelons of the American offshore racing scene and the duo will join forces for the 44th Annual Offshore World Championship at Key West in Florida on November 2nd-9th.With support from Qatar’s Ministry of Sport and Youth, the duo will revive the legendary Spirit of Qatar 96 racing hull name with a new boat and compete in the Extreme class.“Our last race together was in 2014 but we will be testing during the third week of October before heading to Key West,” enthused Sheikh Hassan.“The goal, of course, will be the podium and to set plans in motion for the 2026 season. It will be a new boat for us to run together but I am sure that Steve and I will settle in quickly.”One of many highlights for the duo during their former association with the Spirit of Qatar Team was obliterating the water speed record with a stunning second run of 244mph at the 26th Annual Lake of the Ozarks Shootout in central Missouri in 2014.The iconic Key West racing festival is fought out over three races.After the customary parade through the streets of Key West on Sunday, November 2nd, technical checks and registration is scheduled for Monday, November 3rd.Official testing will take place on Tuesday, November 4th with the first of the Extreme races for the Truman Waterfront Cup and the on-water fireworks taking centre stage on Wednesday, November 5th.Further testing is permitted on Thursday, November 6th before the second race for the Southernmost Continental Championship on Friday, November 7th.Numerous spectator-friendly events are planned in Truman Waterfront Park on Saturday, November 8th, before the final race for the Conch Republic Championship rounds off the action on Sunday, November 9th.

Britain, Australia, Canada and Portugal on Sunday recognised a Palestinian state in a coordinated, historic shift in decades of Western foreign policy, triggering swift anger from Israel.Other countries, including France, are due to follow Monday at the annual UN General Assembly opening in New York.Israel has come under huge international pressure over its war against Hamas in Gaza, which has sparked a dire humanitarian crisis in the Palestinian territory.Israeli leader Benjamin Netanyahu denounced the statehood moves, later vowing to expand Jewish settlements in the Israeli-occupied West Bank.Netanyahu spoke after UK Prime Minister Keir Starmer said Britain was formally recognising the State of Palestine "to revive the hope of peace for the Palestinians and Israelis, and a two-state solution".The UK and Canada became the first members of the Group of Seven advanced economies to take the step, with Australia following suit.Portugal said Sunday it recognises a Palestinian state, making it the latest Western nation to make the symbolic move as the war in Gaza shows no sign of ending."Recognizing the State of Palestine is therefore the fulfilment of a fundamental, consistent, and widely agreed policy," Portuguese Foreign Minister Paulo Rangel told reporters in New York."Portugal advocates the two-state solution as the only path to a just and lasting peace, one that promotes coexistence and peaceful relations between Israel and Palestine," he added.Three-quarters of UN members now recognise Palestinian statehood, with at least 144 of the 193 member countries having taken the step.Canada "offers our partnership in building the promise of a peaceful future", Canadian Prime Minister Mark Carney wrote on X.Australia's Prime Minister Anthony Albanese said the move "recognises the legitimate and long held aspirations of the people of Palestine to a state of their own".Palestinian president Mahmud Abbas hailed the recognitions as "an important and necessary step toward achieving a just and lasting peace".French President Emmanuel Macron insisted in an interview with a US television network that releasing the hostages captured in 2023 would be "a requirement very clearly before opening, for instance, an embassy in Palestine".It is a watershed moment for Palestinians and their ambitions for statehood, with the most powerful Western nations having long argued it should only come as part of a negotiated peace deal with Israel.Although a largely symbolic move, it puts those countries at odds with the US and Israel.US President Donald Trump said last week after talks with Starmer during a state visit to the UK that "one of our few disagreements" was over Palestinian statehood.A growing number of longtime Israeli allies have shifted their long-held positions as Israel has intensified its Gaza offensive.The Gaza Strip has suffered vast destruction, with a growing international outcry over the besieged coastal territory's spiralling death toll and a UN-declared famine.The UK government has come under increasing public pressure to act, with thousands of people rallying every month on the streets. A poll released by YouGov on Friday showed two-thirds of British people aged 18-25 supported Palestinian statehood.

Egyptian President Abdel Fattah al-Sisi and French President Emmanuel Macron discussed via phone the outcomes of a virtual summit convened by Macron on September 15, focused on regional developments, including the Israeli war on Gaza and the blatant Israeli aggression against the State of Qatar. According to a statement from the Egyptian presidency, al-Sisi expressed appreciation for Macron's initiative to host the summit, which aimed to explore ways to de-escalate tensions across the region.During the call, al-Sisi also briefed Macron on the key outcomes of the emergency Arab-Islamic summit held in Doha. The two leaders discussed preparations for the upcoming "Two-State Solution" conference, scheduled for Sept 22 on the sidelines of the UN General Assembly's high-level session in New York. Both sides underscored the importance of the conference as a pivotal step toward recognizing the State of Palestine, in line with the two-state framework and the establishment of an independent Palestinian state based on the June 4, 1967 borders, with East Jerusalem as its capital.Al-Sisi welcomed France's recent announcement of its intention to recognize the State of Palestine, calling it a positive contribution to achieving a just and comprehensive peace in the Middle East. He also urged countries that have yet to recognize Palestine to take similar steps in support of international efforts to end the conflict and promote regional stability.

Salman Mohammed al-Emadi, riding Higoletta van de Kapel, delivered two flawless rounds with times of 32.69 and 32.28 seconds to claim the top prize in the Gold Tour (140cm) as the opening round of the Longines Hathab Season 9 concluded at the Qatar Equestrian Federation’s indoor arena Saturday. Ghanim Nasser al-Qadi came second on Isis, also completing clear rounds in 32.95 and 32.73 seconds. Rounding off the podium, Mohammed Saeed Haidan partnered with Quick Bill for another perfect record in 33.87 and 33.28 seconds in the feature event of the day, limited for 10 riders. In the team competition of the same class, Wathnan team claimed first place with a combined time of 66.56 seconds, followed by Lekhwiya (70.34 seconds) and Al Fardan (74.51 seconds). Earlier, Haidan, riding D Saucedo, clinched the Silver Tour (130cm) title. Haidan clocked 22.90 seconds to prevail over Saudi rider Bader Alfard, who finished second aboard Kimberly in 26.00 seconds. Khalid Mohammed al-Emadi secured third place with a time of 25.51 seconds on Qapella Di Lino. In the Future Riders 90cm round, rider Al Reem Hamza al-Kuwari took first place with a time of 54.05 seconds aboard Jani. Khalifa bin Joaan bin Hamad al-Thani finished second and third with times of 56.48 and 57.11 seconds aboard Zion Wardfree. In dressage events, Abdulla Khalid al-Julandani (D3), Hamyan al-Kowari (D2), and Sara Almahasneh (D1) topped their respective categories.

The AGCFF U-17 Gulf Cup Qatar 2025 has kicked off at Grand Hamad Stadium, with Iraq and Kuwait ending in a 1-1 tie in the first match of the tournament. Meanwhile, Saudi Arabia beat Bahrain 4-0 at Suheim bin Hamad Stadium in the second match of the day.The tournament is taking place in Qatar from 20 September to 3 October, bringing together young football talents from the region to compete for the coveted trophy. This is the first time that the competition is being held under the auspices of the Arab Gulf Cup Football Federation (AGCFF).“This tournament showcases the high calibre of young players from the Arabian Gulf. Over the next two weeks, Qatar will play host to future stars in the making. We invite fans to be part of this exciting competition and support emerging football talents from the region, while celebrating our shared passion for football,” said Jassim Sultan Al Rumaihi, AGCFF Secretary General.Hosts Qatar will play their first match on 21 September at Grand Hamad Stadium, 6pm, against Yemen, while UAE will take on Oman at 20:00 at Suheim bin Hamad Stadium. Both venues are accessible, ensuring a barrier-free experience for disabled fans.Fans can purchase tickets online from tickets.qfa.qa , starting from QAR 10. All tickets are digital.Participating teams include the eight member associations of the federation and have been divided into two groups. Group A features hosts Qatar, who will play alongside United Arab Emirates, Oman, and Yemen. Group B includes Iraq, Saudi Arabia, Bahrain, and Kuwait.The AGCFF U-17 Gulf Cup Qatar 2025 is a precursor to a spectacular line-up of tournaments scheduled for this winter. Hosts Qatar, along with Saudi Arabia and the United Arab Emirates, have qualified for the FIFA U-17 World Cup Qatar 2025™, that will take place from 3-27 November at the state-of-the-art Competition Complex at Aspire Zone. This will be followed by the second edition of the FIFA Arab Cup Qatar 2025™ from 1-18 December.For inquiries regarding tickets, fans can email: [email protected] purchase accessibility tickets, fans can email: [email protected] all information related to the AGCFF U-17 Gulf Cup Qatar 2025, follow @AGCFF on all major social media platforms.

Qatar Youth Hostels (QYH) has concluded its "Your Game is My Idea" hackathon.Held in partnership with the Studio 5 Initiative, the five-day hackathon from September 14-18 targeted those aged 13-17, with the participation of 22 young men and women."We witnessed the conclusion of the 'Your Game is My Idea' hackathon for the 13-17 age group, in a successful and fruitful partnership with the Ministry of Communications and Information Technology (MCIT) through the Studio 5 Initiative,” the QYH said yesterday."The hackathon focused on video game design through programming and interactive design, with the aim of promoting Qatari culture and innovation,” it continued. “This exceptional edition witnessed diverse participation and creative ideas from participants to create innovative tourism and heritage games aimed at promoting tourism and technology culture."During the first three days, participating teams were engaged in understanding the process and environment of creating and designing games and characters.On the fourth day, they entered the programming phase of the approved game ideas.On the final day, the teams completed their game development and submitted them to the testing phase.Each team presented and explained their game to the judging panel headed by Nouf Abdulaziz al-Haddad, the chief of the Digital Competencies Department and director of Studio 5 at the MCIT.The *Peninsula game was selected as the programme's winning game.During her speech at the closing ceremony, al-Haddad emphasised that "Studio 5's participation in organising the 'Your Game is My Idea' hackathon falls within the MCIT’s efforts to develop digital skills among Qatari youth by providing an interactive learning environment that enhances their capabilities”.“The hackathon enables participants to gain practical experience in developing digital games that reflect Qatari identity, from concept design to implementation, strengthening their technical capabilities and preparing them for a promising digital future,” she said.The QYH concluded that "through these programmes, we aspire to encourage children to become more involved in the fields of tourism and technology, discover their talents, and harness them in projects that help develop their skills so they can become leaders in various areas of life”.

Qatar Media Corporation (QMC) has participated in the 62nd Assembly of the Asia-Pacific Broadcasting Union (ABU). QMC’s Director of International Co-operation Office Abdullah Ghanem al-Mohannadi led the Qatari delegation to the event held in Ulaanbaatar, Mongolia. The assembly addressed the role of media in preserving national and cultural heritage. Qatar’s participation reflects its commitment to introducing the country’s national efforts in the field of media, and opens new prospects for media cooperation between media institutions in the Asia-Pacific region and the State of Qatar.