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Friday, December 05, 2025 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "economic" (51 articles)

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

Gulf Times
Business

QNB expects further upside for gold over the medium and long term

Qatar National Bank (QNB) expects further upside for gold over the medium and long term, despite the sharp rally in recent months and the significant risks of short-term corrections.In its Weekly Economic Commentary, QNB stated that consensus among leading research houses suggests gold prices are likely to remain well supported at around USD 4,000 per troy ounce, with an estimated upside of 10–15% over the next twelve months.Gold has once again proven its value in providing robust returns during periods of global uncertainty. In fact, it has been one of the standout global asset classes in recent years, consistently demonstrating remarkable resilience. Since the post-pandemic normalization in 2022, gold prices have gained around 105%, significantly outperforming most global benchmarks, including equities, bonds, and commodities.This broad-based outperformance underscores gold’s unique position as both a store of value and a macro hedge in an era defined by three converging structural forces: strong global growth in money supply, geopolitical fragmentation, and central bank reserve diversification.Since the onset of the pandemic, an unprecedented expansion of fiscal and monetary policy has undermined confidence in the stability of currencies in major advanced economies. At the same time, a series of geopolitical shocks — from the U.S.-China strategic rivalry to conflicts in Eastern Europe — have fueled demand for safe and jurisdictionally neutral assets. Furthermore, the steady accumulation of gold by emerging market central banks, often as a deliberate strategy to reduce dependency on established reserve currencies, has added a new layer of sustained, price-insensitive demand.Gold appears “fairly” priced, if not undervalued, against USD money supply (M2). Since the Bretton Woods agreements of 1944, which established the post-Second World War economic order, the USD long-term price of gold has tended to move directionally in line with M2 growth. Much of the recent upward movement in gold prices could therefore be seen as a catch-up following a long period of undervaluation since 2010, combined with continued strong USD issuance. Current prices would still need to rise by approximately 34% to reach QNB’s modeled fair value. Importantly, M2 has been accelerating in recent years, growing at a compound annual rate of 7.5%. In other words, there are no clear signs of overvaluation, and one of the main drivers of prices — USD issuance — continues to expand rapidly.Positioning by both central banks and private investors in gold also suggests further potential for price appreciation. Geopolitical fragmentation continues to amplify gold’s appeal as a jurisdictionally neutral asset outside the reach of financial “weaponization.”According to the World Gold Council, following the outbreak of the Russia-Ukraine conflict in 2022, central banks’ additional demand for gold more than doubled — from around 450 tons per year to over 1,000 tons per year. Despite this increase in official demand, there remains considerable room for a longer-term accumulation trend. While large advanced economies tend to hold around 25% of their foreign exchange (FX) reserves in gold, major emerging-market central banks hold less than 12% of their FX reserves in the metal.

US President Donald Trump (L) and China's President Xi Jinping leave after their talks at the Gimhae Air Base. (AFP)
International

Xi says reached 'consensus' with Trump on trade

President Xi Jinping said China has reached a consensus with the United States on economic and trade issues, state media reported, after meeting Thursday with US leader Donald Trump. Trump and Xi met for the first time since 2019 in Busan, South Korea, engaging in closely-watched talks, as their two countries remain locked in a blistering trade war.The tussle between the world's top two economies, which encompasses everything from rare earths to soybeans and port fees, has rocked markets and gummed up supply chains for months. On Thursday, Xi told Trump that the two countries "should have positive interactions on the regional and international stage", Chinese state news agency Xinhua reported.Xi said that teams from both sides had "exchanged in-depth views on important economic and trade issues and reached a consensus on resolving them", according to the Xinhua readout which offered no details on specific agreements reached."Both teams should refine and finalise follow-up work as soon as possible, maintain and implement the consensus and provide tangible results to set minds at ease about the economies of China, the United States and the world," he added.

Gulf Times
Region

Saudi Arabia and Pakistan agree to launch economic cooperation framework

Saudi Arabia and Pakistan agreed to launch an Economic Cooperation Framework and affirmed mutual desire to strengthen trade and investment relations to serve their common interests.In a joint statement released today, the Saudi Crown Prince and Prime Minister Prince Mohammed bin Salman bin Abdulaziz Al Saud and Pakistani Prime Minister Muhammad Shehbaz Sharif agreed during their meeting held in Riyadh yesterday (Monday) to launch an Economic Cooperation Framework between the two countries.As part of the framework, the statement said, several strategic and high-impact projects will be discussed in the economic, trade, investment, and development fields that will contribute to strengthening cooperation between the two governments, enhancing the pivotal role of the private sector, and increasing trade exchange between the two countries.Priority sectors include energy, industry, mining, information technology, tourism, agriculture, and food security.Both sides are currently studying several joint economic projects, including signing a memorandum of understanding for the electricity interconnection project between the Kingdom and Pakistan, in addition to signing a memorandum of understanding for cooperation in the field of energy between the two nations.This framework reaffirms the two countries' shared vision toward building a sustainable partnership across various economic, trade, and investment fields.