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Monday, July 13, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "global" (316 articles)

Gulf Times
Qatar

Sheikh Faisal's book on falconry to be released at S’hail Exhibition

Al Faisal Global Foundation for Culture and Knowledge, in collaboration with Al Faisal Publishing, will launch a new book by H.E. Sheikh Faisal bin Qassim Al Thani entitled “Memories of Falconry: From Survival Necessity to Hobbyist Pleasure.” The launch will take place during the Katara International Hunting and Falcons Exhibition (S’hail 2025), held at Katara Cultural Village from September 10 to 14. The book presents Sheikh Faisal bin Qassim’s rich personal and cultural journey across more than 100 falconry expeditions in Qatar and abroad. It documents the historic transformation of falconry—from a vital means of survival in the past, when people relied on trained falcons and Saluki dogs to hunt houbara, rabbits, and gazelles, to today’s pursuit of sport, leisure, and tradition cherished by falconers and enthusiasts across Qatar and the wider Gulf region. “I sought in this book to record what I have witnessed, heard, and lived through in over a hundred falconry journeys within and beyond Qatar, with the aim of preserving this authentic heritage for future generations, as well as for all those interested in the culture of Qatar, the Gulf, and the Arabian Peninsula,” said Sheikh Faisal bin Qassim. He praised the efforts of the State, under the guidance of its wise leadership, in safeguarding national heritage through numerous institutions, initiatives, and exhibitions. “Launching the book during S’hail aligns perfectly with the exhibition’s mission and its status as a leading regional and international destination for falconry and hunting enthusiasts,” he added, commending the organizers for elevating S’hail into a “global platform that brings together falconers, hobbyists, and experts from around the world under one roof.” Sheikh Faisal further emphasized that the strong turnout and enthusiasm S’hail receives from all generations, especially young people, inspired the creation of this book. “Falconry has always been, and continues to be, a school of patience, responsibility, and self-reliance—an enduring pillar of Qatari and Gulf identity,” he noted. The 446-page volume is structured into eight main chapters, each rich with real-life stories and vivid recollections. These include “A Day in the recent Falconry Expedition,” “Men and Falcons – Sons of Nature,” “Falconry of the Old Days,” “The Sport of Kings and Princes,” “Falconry: A School of Manhood,” “Perilous Expeditions,” and “Hunting to the Rhythm of Shellfire.” Alongside its storytelling, the book is illustrated with a rare archival collection of photographs capturing adventures, challenges, humorous encounters, and unique moments, making it both a visual and written chronicle of falconry life. Sheikh Faisal bin Qassim expressed his hope that the book will serve as a lasting reference for future generations. He added that he aspires for it to contribute, even in a modest way, to enriching human knowledge of the balance that Qatar—through its leadership and people—has achieved between embracing modernity and global openness while preserving its cultural heritage, particularly through the living tradition of falconry handed down across generations.

Gulf Times
Business

Oil prices climb as OPEC+ agrees to slower output increase from October

Oil prices climbed in early trade on Monday, trimming some of last week's losses, after OPEC+ agreed to slow the pace of output increases from October amid expectations of weaker global demand. Brent Crude gained 34 cents, or 0.5%, to $65.84 a barrel, while US West Texas Intermediate (WTI) crude rose 30 cents, or 0.5%, to $62.17 a barrel. Both benchmarks fell more than 2% on Friday as a weak US jobs report dimmed the outlook for energy demand. They lost more than 3% last week. Under the new OPEC+ decision, eight member countries will lift production by 137,000 barrels per day (bpd) starting in October, far below the monthly increases of about 555,000 bpd for September and August, and 411,000 bpd in July and June.

Gulf Times
Business

Global economic outlook remains resilient against trade turbulence: QNB

Despite the challenges posed by higher US tariff rates, the global economy will remain largely resilient against the uncertainty and the disruptions in global trade flows, according to QNB.At the beginning of the year, the global outlook pointed to steady economic growth, against a backdrop of cautious optimism. Tailwinds included the policy rate cutting cycles by major central banks, resilient growth of the US economy, cyclical recoveries in China and the Euro Area, and constructive overall investor sentiment, QNB noted in an economic commentary.Growth in both Advanced Economies (AE) and Developing Economies (DE) was initially expected to remain unchanged compared to last year, adding up to a world economic expansion rate of 3.3%.But the optimistic tone began to shift as the new US administration embarked on an aggressive agenda of policy change, with sweeping implications for the global macroeconomic landscape.On April 2, a day that came to be known as “Liberation Day,” President Trump announced sweeping tariffs, including a 10% baseline levy on all imports, and higher rates on selected countries.Financial markets reacted sharply to the announcements, with global stocks tumbling on fears of broader and deeper trade wars, as well as tainted policy credibility.The outlook narrative then debated the odds of a world recession. At its worst moment, growth expectations for the global economy dropped from the recent peak by 0.5 percentage point (p.p.) to 2.8%, a significant downgrade in a very short period of time.Since then, asset prices have recovered, with key indices reaching new highs, as the more negative trade-war scenarios were ruled out, AI-driven growth tailwinds regained the spotlight, and corporate profits remained robust.According to QNB, growth expectations have stabilised and even slightly recovered. The group of AE, which represents 40% of the world economy, is now expected to grow 1.5% this year, from a low of 1.4%.More significantly, after falling 0.5 p.p. to 3.7%, expectations for growth in the Developing Economies (DE) climbed to 4.1%, re-gaining most of the previous losses.Thus, recovering growth projections across the AE and DE groups are contributing to improving the outlook for global economic growth, which is expected to reach 3%.In QNB’s view, despite the challenges posed by higher US tariff rates, the global economy will remain largely resilient against the uncertainty and the disruptions in global trade flows.QNB has discussed two key factors that support its view of an improving global economic outlook.First, the US administration has concluded a first set of negotiations, which helped moderate uncertainty and discard the most extreme negative scenarios. The initially unyielding position of President Trump shifted towards pragmatism as deals were reached with the UK, Japan, Indonesia, Vietnam, the Philippines, and the EU, among others, narrowing the range of potential tariff rates for the rest of the world. Furthermore, even as the US has become more protectionist, the rest of the world is largely continuing to move in the opposite direction.From the European Union (EU) to Asia and Latin America, most major economies continue to view trade as essential to their growth models, and are actively pursuing deeper integration via new or deeper trade agreements. Even as the world adjusts to a more protectionist US, the outlook on global trade has improved, contributing to a less pessimistic growth scenario.Second, monetary policy easing cycles by major central banks will contribute to improve overall financial conditions and the stability of the global economy. Bringing inflation under control has allowed the US Federal Reserve and the European Central Bank (ECB), the two most important central banks in the AE, to start their interest rate cutting cycles.In the US, the Federal Reserve is set to cut its policy interest rate by 125 basis points over the next year, while the ECB could implement one more cut, bringing its benchmark rate to 1.75%. Stock markets have staged a notable recovery backed by resilient corporate earnings, while corporate credit spreads are narrowing, signalling improved market sentiment and easier credit for firms.The Financial Conditions Index (FCI) provides an informative summary of the overall state of markets, and is signalling that improving conditions are reducing borrowing costs for households and business, adding support to consumption and investment.“All in all, the global outlook initially deteriorated sharply after the US tariff announcements, but pessimism has gradually subsided on the back of improving prospects for international trade and better financial conditions supporting consumption and investment, leading to a broad based upgrade of performance expected across the AE and the DE,” QNB added.

As part of this partnership, QNB has reaffirmed its commitment to empowering innovation and fostering sustainable growth by supporting startups that drive digital transformation and technological progress in Qatar.
Business

QNB partners with MCIT to support Tasmu Accelerator initiative

QNB announced a significant partnership with the Ministry of Communications and Information Technology (MCIT) to support the Tasmu Accelerator, an annual initiative launched to support global startups in introducing innovative solutions that contribute to Qatar’s transformation into a smart nation.The initiative focuses on strategic sectors such as healthcare, transportation and logistics, environment, financial services, and smart cities, aligning with Qatar’s long-term development objectives.As part of this partnership, QNB has reaffirmed its commitment to empowering innovation and fostering sustainable growth by supporting startups that drive digital transformation and technological progress in Qatar.Khalid Ahmed al-Sada, Senior Executive Vice-President, QNB Group Corporate and Institutional Banking, said:“Our sponsorship of the Tasmu Accelerator reflects QNB’s strong belief in the power of innovation and technology as key drivers of Qatar’s sustainable future. By supporting startups and entrepreneurs through this programme, we are contributing to Qatar’s Vision of becoming a Smart Nation and reinforcing our role as a trusted partner in the country’s digital transformation journey.”Commenting on the partnership, Eman al-Kuwari, Director of Digital Innovation at the Ministry of Communications and Information Technology, stated: “Our partnership with QNB reflects our mutual commitment to building a more diversified and sustainable economy by supporting innovation and entrepreneurship.“Through this co-operation, we aim to empower startups and emerging companies with the tools and opportunities needed to grow, while enhancing Qatar’s position as a regional hub for innovation and entrepreneurship. This also aligns with the Qatar National Vision 2030 and supports the country’s transformation into a knowledge-based economy.This initiative comes as part of QNB’s broader strategy to support the nation’s economic diversification and digital innovation goals in line with Qatar National Vision 2030.

Gulf Times
Qatar

Director of GCO meets Meta delegation

HE Director of the Government Communications Office (GCO) Sheikh Jassim bin Mansour bin Jabor al-Thani met with a delegation from Meta led by Head of Service Industries for the Middle East and Africa Joachim Marciano.Discussions during the meeting focused on strengthening co-operation to develop national talent, on the sidelines of a training programme organised by the GCO on digital advertising strategies in collaboration with leading global digital platforms.

Gulf Times
International

Fashion icon Giorgio Armani dies at 91

Designer Giorgio Armani, who helped to put Italy at the forefront of global fashion and dressed Hollywood stars, has died at the age of 91, the company that he founded and led for five decades said Thursday. Armani combined the flair of a designer with business acumen as he directed a company generating some €2.3bn ($2.7bn) in annual turnover.The designer had been unwell for some time and was forced to drop out of his group's shows at Milan's Men's Fashion Week in June, the first time he had missed one of his catwalk events.

Gulf Times
Business

QCB governor meets Global Finance & Technology Network Group CEO

HE the Governor of the Qatar Central Bank, Sheikh Bandar bin Mohammed bin Saoud al-Thani met Global Finance & Technology Network Group Chief Executive Officer Sopnendu Mohanty in Doha Thursday. During the meeting, they discussed the latest developments in global finance and investment.

Gulf Times
Qatar

Director of Government Communications Office Meets Meta Delegation

HE Director of the Government Communications Office (GCO) Sheikh Jassim bin Mansour bin Jabor Al-Thani met with a delegation from Meta led by Head of Service Industries for the Middle East and Africa Joachim Marciano.Discussions during the meeting focused on strengthening cooperation to develop national talent, on the sidelines of a training program organised by the GCO on digital advertising strategies in collaboration with leading global digital platforms.

An airplane prepares to land at Cointrin airport in Geneva, Switzerland. Industry analysts see increased passenger and cargo activity in July reflecting restored international mobility, expansion of route networks, and better global connectivity between markets.
Business

Dual rise in passengers and cargo confirms airline industry on path of resilience, long-term growth

Beyond the TarmacAn improvement in both passenger and cargo volumes in the global air transport industry during July suggests renewed economic momentum, stronger global trade, and growing travel demand clear signs of resilience and confidence in the global air transport sector.Data released by the International Air Transport Association (IATA) revealed global passenger demand measured in revenue passenger kilometres (RPKs), was up 4% in July compared to the same period in 2024.Similarly, total demand in global air cargo, measured in cargo tonne-kilometres (CTKs), rose by 5.5% in July compared to July 2024 levels.Industry analysts see increased passenger and cargo activity in July reflecting restored international mobility, expansion of route networks, and better global connectivity between markets.In the passenger segment, the July load factor was 85.5% (-0.4 ppt compared to July 2024).International demand rose 5.3% in July compared to July, 2024. Capacity was up 5.8% year-on-year, and the load factor was 85.6% (-0.4 ppt compared to July 2024).Domestic demand increased 1.8% in July compared to the same month in 2024. Capacity was up 2.3% year-on-year. The load factor was 85.2% (-0.4 ppt compared to July 2024).In the global air cargo segment, capacity, measured in available cargo tonne-kilometres (ACTK), increased by 3.9% compared to July 2024 (+4.5% for international operations).IATA Director General Willie Walsh noted, “Air cargo demand grew 5.5% in July, a strong result. Most major trade lanes reported growth, with one significant exception: Asia–North America, where demand was down 1.0% year-on-year.“A sharp decline in e-commerce, as the US 'de minimis' exemptions on small shipments expired, was likely offset by shippers frontloading goods in advance of rising tariffs for imports to the US. August will likely reveal more clearly the impact of shifting US trade policies.“While much attention is rightly being focused on developments in markets connected to the US, it is important to keep a broad perspective on the global network. A fifth of air cargo travels on the Europe–Asia trade lane, which marked 29 months of consecutive expansion with 13.5% year-on-year growth in July.”According to IATA, several factors in the operating environment should be noted.First, the global goods trade grew by 3.1% year-on-year in June.The July jet fuel price was 9.1% lower year-on-year and has remained below 2024 levels so far this year, easing airlines’ operating costs. However, it was 4.3% higher than in June.Global manufacturing contracted in July with the PMI falling to 49.66, the second dip below the 50-mark growth threshold since January.Also, new export orders also remained negative at 48.2 for the fourth month, reflecting waning confidence amid US trade policy uncertainty.“It has been a good northern summer season for airlines. Momentum has grown over the peak season with July demand reaching 4% growth. That trend appears across all regions and is particularly evident for international travel, which strengthened from 3.9% growth in June to 5.3% in July. Moreover, with flight volumes showing a 2% year-on-year increase for September after five months of decelerating growth, airlines are positioned to take advantage of this market momentum into the coming months,” Walsh noted.Rising cargo volumes typically reflect growth in international trade, manufacturing, and supply chain demand. Passenger growth points to higher consumer confidence, business travel recovery, and robust tourism.July is usually a peak travel season in the Northern Hemisphere, but stronger-than-usual growth suggests that the industry may be moving beyond past slowdowns triggered by pandemic aftereffects, geopolitical disruptions, or supply chain constraints.Sustained improvements in both segments signal that stakeholders (governments, investors, airports, and logistics firms) see the industry on a stable growth trajectory, supporting investment and fleet expansion.Clearly, the improvement in passenger and cargo volumes in July highlights a rebound in the global air transport industry. Higher passenger traffic reflects strong travel demand, while increased cargo volumes point to healthy global trade flows.The dual rise in passengers and cargo confirms that the industry is on a path of resilience and long-term growth, supported by both consumer demand and global economic activity.Together, they indicate renewed economic momentum, rising consumer and business confidence, and a continued recovery in international connectivity.

FILE PHOTO: Algerian boxer Imane Khelif attends the ChangeNOW 2025 summit at the Grand Palais in Paris, France, April 25, 2025. REUTERS
Sport

Olympic champion boxer Khelif challenges gender test at Court of Arbitration for Sport

Algerian boxer Imane Khelif, at the centre of a row at the 2024 Paris Olympics, has turned to sport’s top court to attempt to overturn the introduction of a gender test, the court said Monday.The Court of Arbitration for Sport said in a statement that Khelif was challenging the global boxing federation’s decision “that disallows the athlete’s participation in upcoming World Boxing events without a preliminary genetic test”.Khelif was one of two boxers who sparked a gender eligibility furore at the Paris Games. The other was Taiwanese fighter Lin Yu-ting, who has been entered to compete at the world championships that start this week in Liverpool.Both fighters won Olympic gold medals, but Khelif’s opening bout, when she left her Italian opponent in tears, sparked criticism from a range of commentators including now-US Vice-President J D Vance and “Harry Potter” author JK Rowling.Khelif last month denied claims made by her former manager that she was putting her career on hold. “I would like to make it clear to the public that the reports of my retirement from boxing are false,” the 26-year-old wrote on Facebook.She accused her former manager, Nasser Yesfah, of “betraying (her) trust and (her) country with his false and malicious statements”. “This person no longer represents me in any way,” she said.Former heavyweight Bugner, who fought Ali twice, dies at 75Three-time European heavyweight champion boxer Joe Bugner, who fought Muhammad Ali in a world title bout, has died at the age of 75, the British Boxing Board of Control (BBBoC) said Monday.Bugner, who won the British and Commonwealth heavyweight titles twice, fought Ali and Joe Frazier in back-to-back fights in 1973, and faced Ali again for his WBA and WBC world championships in 1975.“Joe Bugner has passed away at his care home in Brisbane, Australia,” the BBBoC said in a statement. “The British Boxing Board of Control passes on its condolences to Joe’s family.”Bugner’s professional boxing career spanned 32 years and 83 bouts, of which he won 69, including 41 by knockout. He turned professional in 1967, and won the European, British and Commonwealth titles by beating Henry Cooper in 1971.Hungary-born Bugner lost his titles six months later but won eight fights straight in 1972 before facing Ali and Frazier the next year, who both won decisions against him.Ali again beat him by unanimous decision in their rematch for the world championship in Malaysia.Bugner moved to Australia in the 1980s and won the Australian heavyweight title in 1995, before retiring in 1999.

People stand on a boat on the day of the departure of the Global Sumud Flotilla, a humanitarian expedition to Gaza, from the port of Barcelona, Spain, on Sunday. REUTERS
International

Aid flotilla with Greta Thunberg sets sail for Gaza

A flotilla carrying humanitarian aid and activists, including Swedish climate campaigner Greta Thunberg, left Barcelona on Sunday vowing to try to "break the illegal siege of Gaza", organisers said.Some 20 vessels set off from the port city on Spain's east coast just after 3.30 pm (1330 GMT) pledging to "open a humanitarian corridor and end the ongoing genocide of the Palestinian people", said the Global Sumud Flotilla -- sumud being the Arabic term for "resilience".The group defines itself on its website as an independent organisation with no affiliation to any government or political party.The flotilla, flying Palestinian flags, has hundreds of people aboard, among them activists from dozens of countries including Irish actor Liam Cunningham and Spain's Eduard Fernandez.Also aboard were European lawmakers and public figures including former Barcelona mayor Ada Colau.The flotilla is expected to arrive at the war-ravaged coastal enclave in mid-September."The question here today is not why we are sailing. This story is not at all about the mission that we are about to embark upon," Thunberg told reporters."The story here is about Palestine. The story here is how people are being deliberately deprived of the very basic means to survive. The story here is how the world can be silent," she added.For Cunningham, "the fact that you guys are here, and the flotilla is happening, is an indication of the world's failure to uphold international law and humanitarian law, and it is a shameful, shameful period in the history of our world. And we should be collectively ashamed."Organisers said that dozens of other vessels are expected to leave Tunisian and other Mediterranean ports on September 4 to join the aid mission.Activists will also stage simultaneous demonstrations and other protests in 44 countries "in solidarity with the Palestinian people", Thunberg, part of the flotilla's steering committee, wrote on Instagram."This will be the largest solidarity mission in history, with more people and more boats than all previous attempts combined," Brazilian activist Thiago Avila told journalists in Barcelona last week."We understand that this is a legal mission under international law," Portuguese lawmaker Mariana Mortagua, who will join the mission, told journalists in Lisbon last week.Israel has already blocked two attempts by activists to deliver aid by ship to Gaza, in June and July.In June, 12 activists on board the sailboat Madleen, from France, Germany, Brazil, Turkey, Sweden, Spain and the Netherlands were intercepted by Israeli forces 185 kilometres west of Gaza.Its passengers, who included Thunberg, were detained and eventually expelled.In July, 21 activists from 10 countries were intercepted as they tried to approach Gaza in another vessel, the Handala.The Spanish government says it will "deploy all of its diplomatic and consular protection to protect our citizens" sailing with the flotilla, the country's Foreign Minister Jose Manuel Albares said Saturday.Madrid last year recognised Palestine as an independent state.The humanitarian situation in Gaza has worsened in recent weeks.The United Nations declared a state of famine in the territory this month, warning that 500,000 people face "catastrophic" conditions.

Gulf Times
Business

Qatar's fiscal balance to GDP may scale up to 5.4% in 2026: Researcher

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.