tag

Sunday, February 08, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "Economic" (117 articles)

Gulf Times
Qatar

QND 2025 theme 'keeps people at its centre'

The theme for this year’s Qatar National Day (QND) celebrations, With You It Rises, From You It Awaits, keeps people at its centre, which resonates with the focus and success of Qatar in achieving unprecedented progress in the realms of socio-economic and human development, Indian ambassador Vipul said in a message Monday. "On behalf of India, and the entire Indian community in Qatar, I wish to extend hearty congratulations to the leadership and people of the State of Qatar on the auspicious occasion of National Day of Qatar 2025,” he stated. "Today, Qatar is well-known all over the world not only for its energy production and world class infrastructure, but equally for being a thriving hub of culture, education, learning and sports,” the envoy said. “It has built some of the best known institutions in the fields of education and culture, such as Qatar Foundation, Qatar National Library and Qatar Museums,” Vipul pointed out. “In sports, we all fondly remember the success of FIFA 2022, as we also witness the excellent organisation of the FIFA Arab Cup this year.” "The forward thinking and inclusive approach of Qatar’s leadership, focusing on technology, innovation and sustainability as part of Qatar National Development Strategy, is opening up new vistas for development and co-operation,” the envoy continued. “The year 2025 has been important in this context, with Doha hosting prolific events like the Web Summit, Mobile World Congress, and AI Summit,” he said. "Qatar’s role in promoting regional peace and stability, including its mediation efforts in Gaza to achieve ceasefire and release of all hostages, is widely acknowledged and appreciated by all,” the envoy stated. “India stands firmly in support of peace and stability in the region and deeply values the important role played by Qatar in this regard.” “The Second World Summit for Social Development held recently in Doha demonstrated Qatar’s commitment to ensuring that no one is left behind in our global sustainable development journey,” he added. "On Qatar’s National Day, I am delighted to recall that this year has been a special one for India-Qatar friendship, which dates back several centuries,” Vipul said. “We were honoured with the State Visit of His Highness the Amir Sheikh Tamim bin Hamad al-Thani to India in February 2025, during which both sides elevated their relations to ‘strategic partnership’.” "The Indian community takes great pride in being a part of the incredible journey of Qatar over the past more than five decades,” the envoy said.“I am grateful to the entire leadership and people of Qatar for the warmth and support extended to the Indian community living in Qatar,” he concluded. “As we look ahead, we wish continued success to Qatar, and look forward to being a continuing partner for peace, progress and prosperity for all humanity." 

Qatar Chamber board member Mohamed bin Ahmed al-Obaidli during the ‘Private Sector Forum 2025’ held in Doha Monday.
Business

Qatar Chamber highlights business integrity as key to sustainable, competitive economy

Qatar Chamber board member Mohamed bin Ahmed al-Obaidli has emphasised that business integrity has become a strategic pillar for strengthening trust, enhancing competitiveness, and ensuring the long-term sustainability of the private sector.Speaking at the ‘Private Sector Forum 2025’ held Monday in Doha under the theme ‘Future-Proofing Business Integrity: AI, Innovation and Global Collaboration’, al-Obaidli emphasised that integrity is no longer limited to regulatory compliance, but is a national necessity and a core driver of responsible governance and sustainable economic development.He pointed out that business integrity is built on ethical values, transparency, responsible decision-making, and effective governance frameworks, including adherence to laws and international standards, anti-corruption measures, transparent reporting, and fair dealings with partners and suppliers.Al-Obaidli also highlighted Qatar’s leading role in promoting transparency and combating corruption in line with Qatar National Vision 2030, noting that the country has established a strong legislative and institutional framework following its ratification of the UN Convention against Corruption (UNCAC) in 2007.He also commended the pivotal role of the Administrative Control and Transparency Authority (ACTA) in leading national initiatives that promote ethical conduct and accountability.Al-Obaidli further pointed to the launch of the National Strategy to Promote Integrity, Transparency, and Combat Corruption 2025–2030, which introduced more than 78 national projects implemented in partnership with government entities, the private sector, and civil society organisations.Addressing future challenges, al-Obaidli noted that while artificial intelligence (AI) offers significant opportunities to enhance business performance, compliance, and transparency, it also raises ethical and governance considerations that require clear regulatory frameworks. With proper oversight, AI can serve as an effective tool for risk detection, financial monitoring, and transparency across supply chains, particularly benefiting small and medium-sized enterprises.He also highlighted Qatar’s progress in innovation and AI, positioning the country as a regional hub for emerging technologies through continued investment in research, talent development, and digital infrastructure across sectors such as healthcare, education, transportation, and cybersecurity.Al-Obaidli reaffirmed Qatar Chamber’s commitment to supporting innovation, digital transformation, and the responsible adoption of AI across industries. He noted that Qatar Chamber joined the UN Global Compact in 2020, underscoring its dedication to responsible business practices, sustainability, and anti-corruption principles. 

QBA chairman HE Sheikh Faisal bin Qassim al-Thani joins a delegation from Syria during a meeting held in Doha Sunday.
Business

QBA explores investment opportunities with Syrian Supreme Council for Development

The Qatari Businessmen Association (QBA) held a meeting with a delegation from Syria as a follow-up to QBA’s meeting with Syrian President Ahmed al-Sharaa, who was in Qatar for the recently concluded Doha Forum 2025.The delegation was headed by Dr Hazem al-Sharaa, vice-president of the Syrian Supreme Council for Economic Development. He was accompanied by Talal al-Hilali, director general of Syria’s Investment Authority, and Safwat Raslan, director general of the Syrian Development Fund.Sunday’s meeting comes as a continuation of QBA’s meeting last week with President al-Sharaa, aimed at discussing potential investment opportunities in Syria, even as a number of QBA members have already launched concrete economic projects there in the fields of energy, electricity, and real estate.The Syrian delegation was received by QBA chairman His Excellency Sheikh Faisal bin Qassim al-Thani, in the presence of board member Sheikh Nawaf bin Nasser al-Thani, and QBA members Sheikh Mansour bin Jassim al-Thani, Khaled al-Mannai, Mohammed Moataz al-Khayyat, Ramez al-Khayyat, Nabil Abu Issa, Faisal al-Mana, Yousuf al-Mahmoud, and Ihsan al-Khaimi, as well as representatives of Abdulrahman Al Mana Companies, Sheikh Mohammed bin Hamad al-Thani, Mekdam Holding Group, and other member companies, in addition to QBA general manager Sarah Abdallah.At the beginning of the meeting, Dr Hazem al-Sharaa stated that Qatar was among the first countries to invest in Syria, following the directives of His Highness the Amir Sheikh Tamim bin Hamad al-Thani and the Qatari Government, to place Syria on the international investment map by strengthening international relations and attracting major companies to participate in the reconstruction of Syria.Al-Sharaa noted that the Supreme Council for Economic Development aims to achieve economic stability in the country, revitalise and develop the economy, and establish a comprehensive economic map covering the entire Syrian geography.He said this will be achieved through full supervision of several economic authorities, organisations, and institutions operating within the framework of the state’s economic plan. He also confirmed that Syria will launch a completely new currency in the market at the beginning of the new year, in line with the requirements of the current phase.The council, chaired by the President of the Republic, is responsible for approving general strategies and plans related to investment. Its membership includes the ministers of economy and industry, energy, finance, tourism, communications and information technology, public works and housing, and agriculture, in addition to the head of the General Authority for Land and Sea Ports, among others. Several economic entities are affiliated with the council, most notably the Syrian Investment Authority, the Sovereign Fund, and the Development Fund.During the meeting, al-Sharaa focused on current economic projects in Syria that contribute to reconstruction and the development of infrastructure and vital sectors, with particular emphasis on energy, transport, tourism, real estate, health, education, and key industrial sectors such as pharmaceuticals and construction materials.He also praised the significant investments by Qatari and Saudi companies in the development of power generation stations, as well as the signing of memoranda of understanding to modernise the electricity sector in general. This is in addition to the development of Damascus International Airport and the Damascus Metro project, in cooperation with Qatari and Turkish companies.For his part, al-Hilali spoke about the development of the legislative framework to attract and guarantee direct investments through the adoption of the best international laws, allowing foreign investors to own 100% of their projects.He explained that, in this new phase, the state has adopted measures to fully exempt investors from taxes in the health sector and agricultural projects related to food security, in addition to full tax exemptions for factories that export more than 50% of their production.Meanwhile, Sheikh Faisal stated that Syria represents an investment bank of projects and golden opportunities for investors. He stressed the need to develop joint Qatari–Syrian projects through the establishment of institutions specialised across various sectors, such as industrial, health, tourism, and real estate, among others, given that the state’s objective is to create job opportunities and stimulate economic growth. He emphasised that the private sector in both countries can play a prominent role in this direction.Qatari businessmen affirmed that Syria is currently witnessing a major economic transformation across various sectors, noting that most of them have already begun working on productive projects in Syria. They also announced that a delegation of Qatari businessmen will visit Syria at the invitation of the Supreme Council for Development, following an official invitation from President al-Sharaa to Damascus to explore investment opportunities. 

Gulf Times
Business

Economic Outlook for ASEAN-6 Countries during 2026 remains positive: QNB

Qatar National Bank (QNB) discussed the key factors that will support economic growth in the ASEAN-6 economies during 2026 and contribute to a positive growth outlook, including the stabilization of the global trade environment and the decline in the severity of risks associated with trade protectionism, along with the easing of monetary conditions in advanced economies as well as within the ASEAN-6 countries.In recent decades, Southeast Asia has been the most dynamic region in the world, showcasing the brightest economic growth performance, QNB added in its weekly economic commentary.Within this region, the six largest countries of the Association of Southeast Asian Nations (ASEAN-6), which includes Indonesia, Thailand, Singapore, Malaysia, Vietnam, and the Philippines, have been among the fastest growing economies, with Singapore already reaching the status of an advanced economy.Trade is a major pillar of the economic growth model for the ASEAN-6 countries, and significant disruptions in international commerce can have a large impact on their performance.Trade and growth forecasts initially deteriorated sharply on fears of the impact of supply-chain disruptions, rocketing uncertainty, and potentially escalating trade wars. But despite a still-uncertain environment, the growth outlook for the ASEAN-6 group has been stable, with real GDP growth rates in 2026 expected to remain overall strong, similar to those of 2025.First, the global trade environment has begun to stabilize, as the U.S. reached agreements with an increasing number of trade partners, and there is no evidence of a negative impact of trade in the ASEAN-6 countries. The initially unyielding protectionism of the U.S. administration shifted towards pragmatism as agreements were reached with the U.K., Japan, and the E.U., among many others.Importantly, for the ASEAN-6, agreements were reached with Vietnam, Malaysia, Thailand, Indonesia, and Philippines, establishing a general tariff of 19% and lower rates for selected goods, while for Singapore the levy stands at 10%. Although these rates are higher than before Liberation Day, the end of the negotiations largely reduced the levels of uncertainty discarding the more extreme negative scenarios, and are still within a manageable range, especially as other competitors are also affected by new U.S. tariffs.Even as the U.S. has become more protectionist, the rest of the world is pursuing further integration via new or deeper trade agreements. In October, the ASEAN member states signed two major agreements: one improving cross-border flows within the group, and an upgrade of the ASEAN-China Free Trade framework. At the same time, negotiations began for an ASEAN-South Korea agreement. Furthermore, some ASEAN-6 countries appear to be benefiting from trade diversion as firms shift supply chains away from China.The impact of tariffs after Liberation Day on the ASEAN-6 economies has so far been negligible, with exports continuing to show monthly growth rates in the range of 10 to 20% in USD in annual terms. Even as the world adjusts to a more protectionist U.S., the outlook on global trade is improving, contributing to a more supportive growth scenario for the ASEAN-6 economies.Second, lower policy interest rates in the major advanced economies (AE), as well as in the ASEAN-6 countries, provide a better global environment for economic growth. Since 2024, the U.S. Federal Reserve has already lowered its policy rate by 175 basis points (bp) to 3.75% and is likely to bring it further down to a neutral level of 3.5%. In a similar period, the European Central Bank has lowered its benchmark policy rate by 200 bp to 2% and is likely to keep it unchanged during next year. Thus, policy interest rates in major AE are set to stabilize at lower levels than in recent years, providing better financial conditions for emerging economies.Similarly, central banks in the ASEAN-6 countries have implemented their own monetary easing cycles after inflation was brought under control following the post Covid-pandemic recovery. In these economies, the average increase in policy rates was 260 basis points (bps), to levels above those at the onset of the Covid-pandemic. As tight monetary policy brought inflation rates down to their target ranges, central banks reached a turning point and began to cut policy interest rates, reducing the cost of credit and boosting credit growth. Overall, looser monetary conditions in the AE as well as from the ASEAN-6 central banks provide better credit conditions for growth in the region.All in all, the growth outlook for the ASEAN-6 economies remains stable on the back of an improvement in the trade environment and more supportive monetary.

QNB Chart 1
Business

Asean-6 economies growth outlook remains stable: QNB

The growth outlook for the Asean-6 economies remains stable on the back of an improvement in the trade environment and more supportive monetary policy, according to QNB.In recent decades, Southeast Asia has been the most dynamic region in the world, showcasing the brightest economic growth performance.Within this region, the six largest countries of the Association of Southeast Asian Nations (Asean-6), which includes Indonesia, Thailand, Singapore, Malaysia, Vietnam, and the Philippines, have been among the fastest growing economies, with Singapore already reaching the status of an advanced economy.Trade is a major pillar of the economic growth model for the Asean-6 countries, and significant disruptions in international commerce can have a large impact on their performance, QNB said.On April 2, which came to be known as “Liberation Day,” President Trump announced sweeping tariffs on all US trade partners, and a period of much tighter protectionism emerged as a potential threat to growth.Trade and growth forecasts initially deteriorated sharply on fears of the impact of supply-chain disruptions, rocketing uncertainty, and potentially escalating trade wars. But despite a still-uncertain environment, the growth outlook for the Asean-6 group has been stable, with real GDP growth rates in 2026 expected to remain overall strong, similar to those of 2025.First, the global trade environment has begun to stabilise, as the US reached agreements with an increasing number of trade partners, and there is no evidence of a negative impact of trade in the Asean-6 countries.The initially unyielding protectionism of the US administration shifted towards pragmatism as agreements were reached with the UK, Japan, and the EU among many others.Importantly, for the Asean-6, agreements were reached with Vietnam, Malaysia, Thailand, Indonesia, and Philippines, establishing a general tariff of 19% and lower rates for selected goods, while for Singapore the levy stands at 10%.Although these rates are higher than before Liberation Day, the end of the negotiations largely reduced the levels of uncertainty discarding the more extreme negative scenarios, and are still within a manageable range, especially as other competitors are also affected by new US tariffs.Even as the US has become more protectionist, the rest of the world is pursuing further integration via new or deeper trade agreements. In October, the Asean member states signed two major agreements: one improving cross-border flows within the group, and an upgrade of the Asean-China Free Trade framework.At the same time, negotiations began for an Asean-South Korea agreement. Furthermore, some Asean-6 countries appear to be benefiting from trade diversion as firms shift supply chains away from China.The impact of tariffs after Liberation Day on the Asean-6 economies has so far been negligible, with exports continuing to show monthly growth rates in the range of 10 to 20% in USD in annual terms. Even as the world adjusts to a more protectionist US, the outlook on global trade is improving, contributing to a more supportive growth scenario for the Asean-6 economies.**media[393199]**Second, lower policy interest rates in the major advanced economies (AE), as well as in the Asean-6 countries, provide a better global environment for economic growth. Since 2024, the US Federal Reserve has already lowered its policy rate by 175 basis points (bps) to 3.75% and is likely to bring it further down to a neutral level of 3.5%.In a similar period, the European Central Bank has lowered its benchmark policy rate by 200bp to 2% and is likely to keep it unchanged during next year.**media[393200]**Thus, policy interest rates in major AE are set to stabilise at lower levels than in recent years, providing better financial conditions for emerging economies.Similarly, central banks in the Asean-6 countries have implemented their own monetary easing cycles after inflation was brought under control following the post Covid-pandemic recovery. In these economies, the average increase in policy rates was 260 basis points, to levels above those at the onset of the Covid-pandemic.As tight monetary policy brought inflation rates down to their target ranges, central banks reached a turning point and began to cut policy interest rates, reducing the cost of credit and boosting credit growth. Overall, looser monetary conditions in the AE as well as from the Asean-6 central banks provide better credit conditions for growth in the region, QNB noted. 

Gulf Times
Qatar

Minister of Finance meets Omani counterpart

His Excellency the Minister of Finance, Ali bin Ahmed al-Kuwari met with Minister of Finance of the Sultanate of Oman, Sultan bin Salim al-Habsi on the sidelines of the 24th session of the Qatar-Oman Joint Committee held in Muscat, reports QNA. The meeting focused on bilateral relations between the two countries in the economic, trade and investment fields and means to enhance them, in addition to discussing aspects of joint co-operation.

The Qatari-Omani Joint Committee held its 24th session meetings in Muscat, the Sultanate of Oman, over two days. The Qatari side was headed by His Excellency the Minister of Finance Ali bin Ahmed al-Kuwari, while the Omani side was headed by Minister of Finance Sultan bin Salim al-Habsi.
Business

Qatar-Oman Joint Committee meeting focuses on bolstering economic and investment co-operation

The Qatari-Omani Joint Committee held its 24th session meetings in Muscat, the Sultanate of Oman, over two days.The Qatari side was headed by His Excellency the Minister of Finance Ali bin Ahmed al-Kuwari, while the Omani side was headed by Minister of Finance Sultan bin Salim al-Habsi.During the meetings, the committee discussed the full spectrum of bilateral co-operation between the two fraternal countries, foremost among which were economic, commercial, investment, and development co-operation. The discussions also addressed ways to further strengthen the partnership in a manner that serves mutual interests and contributes to advancing joint Gulf co-operation.In this context, HE al-Kuwari emphasised the importance of these meetings and their role in advancing bilateral relations, saying: "The meetings of the Joint Committee reflect the depth of relations between our two countries and serve as an important platform to strengthen economic and investment co-operation, develop practical partnerships, support Gulf integration, and open broader horizons for sustainable development across various sectors."In turn, al-Habsi said: "This Joint Committee represents an exemplary model of bilateral co-operation, at a time when there is a growing need to enhance joint efforts to achieve progress, prosperity, and sustainable economic and social development for our two fraternal peoples."The committee also followed up on the progress of a number of joint projects and considered a set of initiatives and proposals aimed at enhancing co-operation in the sectors of agriculture, telecommunications, transport, tourism, banking services, and education, in addition to exploring investment opportunities available in both countries.The Qatari-Omani Joint Committee held its first meeting in Doha in April 1995, and its sessions have since continued alternately between the two countries, thereby reinforcing the path of joint co-operation and co-ordination. 

Qatar Chamber Chairman Sheikh Khalifa bin Jassim al-Thani and officials of the Arab-British Chamber of Commerce (ABCC) during the ABCC's anniversary celebrations.
Business

Qatar Chamber chairman emphasises strength of Arab-British economic ties

Qatar Chamber Chairman Sheikh Khalifa bin Jassim al-Thani has affirmed the strength of the historic relations between the Arab world and the UK, particularly in the commercial, economic, and investment fields.Sheikh Khalifa, who is also the first vice president of the Arab-British Chamber of Commerce (ABCC), was the guest of honour of the ABCC’s 50th anniversary, where he lauded the chamber as a “distinguished institution”.“For five decades, the Arab-British Chamber of Commerce has served as a cornerstone in strengthening commercial and economic ties between Great Britain and the Arab world,” said Sheikh Khalifa.He noted that the Arab-British partnership, “built on principles of trust, mutual respect, and shared interests”, has played a vital role in reinforcing bridges of communication and cooperation between the two sides.Sheikh Khalifa also underscored the significant role played by the private sector in deepening strategic partnerships and contributing to economic and social development that benefits future generations.“The vital role of Arab investments in the UK, alongside the contributions of British companies through their expertise in the development of projects in our region, reflects the strength and resilience of our trade and economic partnership,” he said.The celebration was attended by Qatar Chamber board member Rashid bin Nasser al-Kaabi and ABCC interim secretary general and CEO Rita Massoud, as well as heads of Arab chambers and Arab and British business leaders. 

A fruit vendor attends to a customer at an outdoor market in Beijing. China has signalled it will maintain economic support but refrain from ramping up stimulus next year, underscoring a shift from defending against US tariffs to securing growth in the longer term.
Business

China signals modest stimulus for 2026 after shaking off tariffs

China signalled it will maintain economic support but refrain from ramping up stimulus next year, underscoring a shift from defending against US tariffs to securing growth in the longer term.The leadership will “flexibly and efficiently” use interest rate and reserve requirement cuts to ensure sufficient liquidity, and maintain a “necessary” level of budget deficit and government spending in 2026, according to an official readout released Thursday following the conclusion of the Central Economic Work Conference.The language of the meeting suggests a desire to keep stimulus measured after China emerged from a trade war with the US largely unscathed, thanks to booming exports to the rest of the world. It shows policymakers are content with current policies, allowing them to stick to a manufacturing-led growth strategy even as they take steps to boost consumption.“Economic policy was in an emergency mode a year ago due to external uncertainties. This year, policies are focusing more on the longer term,” said Ding Shuang, chief economist for Greater China and North Asia for Standard Chartered Plc. “There’s no reason for policies to be more expansionary.”Attended by senior officials including President Xi Jinping, the conference sets economic policy priorities for the coming year. In a sign of greater recognition of several growth headwinds, officials vowed to stop the sharp slump in investment, steady the deteriorating housing market and stabilise the dwindling new births.The latest policy signals come as the world’s No 2 economy is set to conclude a surprisingly resilient year. The strength in exports propelled economic growth, with the annual goods trade surplus exceeding $1tn for the first time.Other headwinds are also growing. Fixed-asset investment saw an unprecedented collapse in the second half of 2025, deepening worries over languishing domestic demand. To counter that, officials pledged to increase central government’s budget spending on investment projects.China may find boosting infrastructure investment a more worthwhile endeavour, given the waning impact of consumer subsidies on retail sales. The conference mentioned the subsidy policy will be “optimised,” suggesting limited space for its expansion in size. Some economists predict the programme may be extended to cover services spending, as the sector receives increasing government attention.Meanwhile, officials promised to “pay due attention” to addressing local government fiscal strains and advance efforts to resolve local debt risks in an active but “orderly” way. Multiple measures will be taken to reduce the operational debt risks of local government financing vehicles, they added.Another major concern is growing troubles in the property market, after state-backed developer China Vanke Co shocked markets with a proposal to delay bond repayment.The conference laid out a clear destocking mandate for the sector, pledging to “control new supply.” Policymakers explicitly encouraged the acquisition of unsold commercial housing to be converted into affordable housing. Previously, Bloomberg reported that China was considering new measures such as providing new homebuyers mortgage subsidies for the first time nationwide.“The emphasis on property stabilisation is a pleasant surprise,” said Michelle Lam, Greater China economist at Societe Generale SA. “Of course we still need to know how forceful the property measures are but it shows policymakers are mindful about the downside risks. So that should help to alleviate the downtrend in property prices.”Policymakers reiterated a long-held pledge to maintain the basic stability of the yuan exchange rate. That signals an aversion for any sudden or significant moves, despite growing calls for China to strengthen the yuan to reduce its massive trade surplus and rebalance toward consumption.The latest reiteration of a “more proactive” fiscal policy comes after the augmented deficit expanded to 8.7% of gross domestic product in the first three quarters of this year — the highest level in data back to 2010.Many economists expect Beijing to set the official budget deficit at around 4% of GDP, the same as in 2025, which was the highest level in more than three decades.Monetary policy would target a “reasonable recovery in prices,” according the conference, acknowledging the drag caused by weak domestic demand and entrenched deflation.Despite the pledge on monetary easing, the People’s Bank of China has in fact turned more cautious with policy this year. Its policy interest rate cut has disappointed markets, and in a November report it downplayed the slowdown in loan growth and signalled a more patient approach with the economy’s transition.A year ago, the work conference also pledged to adopt rate cuts and RRR reductions — which lower the amount of cash banks must keep in reserves and free up money for lending — the first mention of the tools in such occasions in at least a decade. The PBoC ended up cutting rates and RRR about six months after the meeting.“The meeting did mention rate cuts, but in terms of the actual extent of it, markets don’t really have high expectations,” said Zhang Zhiwei, chief economist at Pinpoint Asset Management. “I don’t think this meeting will significantly boost people’s expectations for rate cuts next year.” 

QBA chairman His Excellency Sheikh Faisal bin Qassim al-Thani joins members and officials of the Turkish Industry and Business Association (TUSIAD) during a meeting in Doha.
Business

QBA explores investment opportunities with Turkish Industry and Business Association

The Qatari Businessmen Association (QBA) held a meeting with the Turkish Industry and Business Association (TUSIAD) to discuss commercial and economic relations.During the meeting, which reviewed key areas of co-operation between the Qatari and Turkish private sectors, TUSAID invited QBA to visit Istanbul to explore joint investment opportunities.Wednesday’s meeting was attended by QBA chairman His Excellency Sheikh Faisal bin Qassim al-Thani and members Khalid al-Mannai, Faisal al-Mana, Maqbool Habeeb Khalfan, and Yousef Ibrahim al-Mahmoud, as well as QBA general manager Sarah Abdallah and several executives from member companies.The Turkish delegation was headed by Cagatay Ozdoruk, board member of TUSIAD, which represents around 4,500 companies, accounting for 85% of Turkiye’s non-oil exports.Sheikh Faisal noted that the past years have witnessed rapid growth in bilateral co-operation between the Turkish business community and many QBA members through joint investments in both Turkiye and Qatar, as well as collaboration on regional and international projects.He emphasised that the exchange of high-level visits by leaders, officials, and business delegations reflects the mutual commitment to building strategic partnerships that serve the interests of both nations and open new horizons for the private sector.Sheikh Faisal highlighted that Turkiye is an important trade and investment partner for Qatar and for QBA members. He said Qatari businessmen invest in various sectors in Turkiye, including tourism, real estate development, residential and commercial complexes, banking, retail, and hospitality.He noted that hundreds of Turkish companies operate in Qatar, many of which are in partnership with QBA members, across sectors such as construction, infrastructure, industry, services, and logistics. He reaffirmed that Turkiye remains a key investment destination for Qatari investors, with expanding Qatari portfolios in real estate, food industries, manufacturing, and tourism.Ozdoruk said TUSIAD is the largest and most influential business organisation in Turkiye, representing major industrial and financial companies and family businesses. The association includes approximately 4,500 member companies; it's headquartered in Istanbul, with branches across Turkiye and abroad, including in the US, France, Germany, and Belgium.He invited the QBA to visit Istanbul to learn about potential investment opportunities, especially given the strong financing options provided by institutions operating under TUSIAD.Ozdoruk also added that there are many promising investment opportunities in the Qatari market that Turkish businessmen can tap into, noting that some members are preparing to open new outlets in the ready-to-wear retail sector, given the many incentives and advantages that Qatar offers to attract investments. 

Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani.
Business

Qatar Chamber welcomes Qatar-Saudi high-speed rail link agreement

Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani has stated that the high-speed electric rail link agreement signed between Qatar and Saudi Arabia represents a pivotal strategic step that strengthens the path of economic and developmental integration.Sheikh Khalifa said the project opens wider horizons for further Gulf and Arab co-operation in the fields of transport, trade, and tourism, making it one of the most important strategic initiatives that support regional development and reinforce connectivity and integration between Qatar and Saudi Arabia.He affirmed that the project, linking Doha with Riyadh through key stations, including Al-Hofuf and Dammam, in addition to connecting Hamad International Airport with King Salman International Airport, will bring about a qualitative transformation in the movement of goods and passengers.It will provide greater speed, efficiency, and cost-effectiveness in transportation and travel, thereby positively impacting the flow of bilateral trade, facilitating the movement of goods and services, and enhancing the competitiveness of the private sector in both countries, he also said.Sheikh Khalifa said the high-speed rail project, considered one of the largest transport initiatives in the region, constitutes a vital artery for the economies of both countries. It will enhance mobility and reduce travel time, contributing to sustainable development, strengthening commercial and tourism activity, improving quality of life, facilitating the movement of visitors, boosting tourism, easing travel for pilgrims and Umrah performers from Qatar, and reinforcing social and cultural ties between the two peoples.Additionally, the project is expected to generate thousands of direct and indirect jobs during construction and upon commencement of operations.Sheikh Khalifa said Qatar Chamber supports all initiatives that contribute to strengthening Gulf and Arab economic integration, assuring that the chamber will work with its private sector partners to capitalise on the significant opportunities the landmark project will create. He also expressed his hope that it will serve as a foundation for broader connectivity with other GCC countries and the wider Arab region in the future. 

Officials of Qatar Chamber and the Turkish Industry and Business Association (TUSIAD) during a meeting in Doha Monday.
Business

Qatar Chamber explores enhancing co-operation with Turkiye’s TUSIAD

Qatar Chamber hosted a delegation from the Turkish Industry and Business Association (TUSIAD) to discuss trade and economic relations in a meeting held in Doha Monday.The meeting was led by Qatar Chamber first vice-chairman Mohamed bin Towar al-Kuwari, alongside TUSAID board member Cagatay Ozdoru. Also in attendance were Qatar Chamber second vice-chairman Rashid bin Hamad al-Athba and board members Dr Mohamed bin Jawhar al-Mohamed and Shaheen bin Mohamed al-Mohannadi.Officials from both sides also reviewed key areas of co-operation between the Qatari and Turkish private sectors. The meeting also highlighted the investment climate and opportunities available in both countries.Al-Kuwari said Qatar and Turkiye witnessed rapid growth in bilateral ties, supported by high-level mutual visits and business delegations, as well as the shared commitment to building strategic partnerships and opening new horizons for the private sector.He said Turkiye is a key trading partner for Qatar, with the volume of trade exchange reaching around QR4.5bn last year. Al-Kuwari said hundreds of Turkish companies are operating in Qatar across various sectors, including construction, infrastructure, industry, services, and logistics.Al-Kuwari said Turkiye represents a key investment destination for Qatari business owners, with Qatari investments expanding in sectors like real estate, food, industry, and tourism.Ozdoru said TUSIAD is the largest and most influential organisation representing the business sector in Turkiye, encompassing major industrial and financial companies and business families.He highlighted the Turkish side’s interest in forming commercial alliances with Qatari companies to establish investments in Turkiye, stressing that TUSIAD can serve as a key reference for information required by Qatari investors seeking to invest in the Turkish market. He also called on Qatar Chamber to send a Qatari business delegation to Turkiye to explore the available investment opportunities.Al-Athba said many Qatari investors own significant investments in Turkiye and are looking forward to further expanding them. He added that there are numerous investment opportunities in the Qatari market for Turkish businesspeople, considering the many advantages and incentives offered by Qatar to attract foreign investments.