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

Tag Results for "agreement" (55 articles)

A general view of a camp for displaced Palestinians at the Islamic University during the resumption of classes Tuesday.
Qatar

Gaza truce holding as Qatar pushes toward next phase

The ceasefire in Gaza is holding as Qatar continues intensive efforts to advance to the second phase of the Gaza agreement, Foreign Ministry spokesperson Dr Majid bin Mohammed al-Ansari said during the weekly media briefing Tuesday.Dr al-Ansari, Advisor to the Prime Minister and official spokesperson for the Ministry of Foreign Affairs, reaffirmed Qatar’s commitment to strengthening its global partnerships while sustaining its role as a key mediator in the Gaza negotiations. He cautioned, however, that ongoing Israeli violations were “alarming".Qatar, alongside the United States and Egypt secured a long-elusive truce in Gaza, which came into effect on October 10 and has mostly halted two years of fighting between Israel and Palestinian resistance movement Hamas.“Efforts are continuing through the monitoring room in Cairo to follow up on Israeli violations, and we have confidence in the plan of US President Donald Trump, his role, and the role of the mediators,” he said. Qatar believes the parties “should be pushing to stage two very, very soon,” he added.Highlighting Doha’s diplomatic role, the spokesperson stressed that Qatar is urging all sides to stay engaged in negotiations. “This is the longest-standing truce, and we are playing our part in implementing the agreement, monitoring violations, and trying to prevent its collapse,” he said.Under the second phase of the deal, which gained UN backing in November, Israel is to withdraw from its positions in the territory, an interim authority is to govern Gaza and an international stabilisation force is to be deployed.Dr al-Ansari also condemned Israel’s continued killing of Palestinian journalists, saying such actions aim to silence reporting on the reality in Gaza.On Qatar's efforts regarding the Russia-Ukraine crisis, al- Ansari stated that Qatar engaged from day one in exploring possible mediation efforts and supported all global initiatives aimed at resolving the conflict.He highlighted Qatar's success in reuniting over 115 children affected by the war with their families from both sides, underlining the Qatari message to all parties is that conflicts are ultimately resolved through peaceful means, and the dialogue table remains the path to crisis resolution.Turning to domestic developments, he announced that the 23rd Doha Forum will be held on December 6–7, 2025, under the theme “Establishing Justice: From Promises to Tangible Reality.” The event will bring together world leaders, policymakers, and experts from more than 150 countries, reflecting Qatar’s growing role as a hub for dialogue, cooperation, and shared progress. 

A gas flare in Canada. Global climate negotiations eked out an agreement that manages to nudge forward efforts to curb planet-warming emissions. But the final result — in avoiding explicit reference to fossil fuels — will leave big questions hanging over the efficacy of international climate politics.
Business

Six big takeaways from COP30 climate talks

Global climate negotiations eked out an agreement that manages to nudge forward efforts to curb planet-warming emissions. But the final result — in avoiding explicit reference to fossil fuels — will leave big questions hanging over the efficacy of international climate politics.Two weeks of talks in the rainforest city of Belem, Brazil, served as a rebuttal of sorts to the idea that climate multilateralism is no longer viable. In the end, nearly 200 countries agreed to an eight-page document that calls for stronger efforts on national goals on emissions and boosting financial support to poor countries that need help defending against intensifying heat, storms and droughts.But the outcome of COP30 revealed deep fractures, particularly around which countries should pay for adaptation and how to get the world off fossil fuels. The Global Mutirao decision, a title using the Brazilian hosts' term for collective action, left out key provisions about winding down fossil fuel use that had been the benchmark for success by dozens of more ambitious countries.The two largest economies and historical emitters, the US and China, were conspicuous in their lack of impact. President Donald Trump declined to send representatives as the US exits from global climate accords; China focused more on its own interests in trade rather than stepping into a stronger leadership role.For some diplomats and experts, the outcome at best prevents a backslide on previous deals while doing little more to curb the oil, gas and coal that remain the primary source of greenhouse gas emissions. “This COP was the manifestation of a new geopolitical reality,” said Linda Kalcher, executive director at Strategic perspectives.**media[386956]**Brazil, host of the UN summit on the edge of the Amazon, announced it would work on two initiatives to combat deforestation and transition away from fossil fuels that will take shape over the next year and could inform COP31 talks in Turkiye. To understand what happened and where it leaves the world, we’ve compiled six key takeaways.The fossil fuel gap is still too wideA proposed road map for the transition away from oil, gas and coal was a focal point of this year’s COP, with backing from roughly 80 countries, including Colombia, the UK, Germany and Kenya. So when the draft that Brazil released on Friday didn’t mention it, many delegates were disappointed and angry.Ultimately, COP30 President André Corrêa do Lago pledged to create a road map focused on a just transition away from fossil fuels, which will continue over the next year. While that measure won robust applause Saturday, it’s not the full plan incorporated in formal COP processes that supporters wanted.“Staying silent on fossil fuels” isn’t sufficient, said Harjeet Singh, a founding director of the Satat Sampada Climate Foundation.Nearly 200 countries agreed in Dubai in 2023 to phase out fossil fuels. But that belies a deep, persistent divide on the issue. Some nations insisted that COP30 spur concrete action to help economies make the shift. For others, such as China and oil producers such as Russia and Saudi Arabia, any new obligation relating to the phaseout was a red line.Adaptation has jumped up the agendaIn climate policy, adaptation — learning to live with the effects of a warmer world — has long taken a back seat to emission-cutting work of mitigation. But adaptation was elevated at this year’s COP, a recognition that climate damage is happening now and the need to adapt is here. Worsening storms, floods, droughts and fires pose a huge burden, especially on developing countries and small island states.COP30 adopted a call to triple adaptation finance by 2035. That timeline is five years longer than what developing nations were pushing for, though. “In the Marshalls, our adaptation needs are overwhelming,” Kalani Kaneko, foreign minister of the Marshall Islands, said at the summit.The 2035 timeline is hard but achievable, according to experts. “Tripling the adaptation goal is possible,” climate finance specialists at the World Resources Institute wrote in an analysis earlier this month. “But every relevant source of finance will need to step up, and the system will need to work better as a whole.”Trade and critical minerals are climate issues, tooTrade is a flashpoint in global politics right now, and it created tension in Belém as well. China and other countries voiced displeasure with the European Union’s carbon levy. The measure is designed to prevent carbon “leakage” when heavy-emitting industries relocate offshore, but critics say it penalises other countries' exports to the bloc.Those frustrations made it into the final agreement, which includes a swipe at such unilateral trade actions. The document reaffirms that measures taken to combat climate change “should not constitute a means of arbitrary or unjustifiable discrimination or a disguised restriction on international trade.” It also sets up a dialogue and a high-level event in 2028 to consider the role of trade policy.And for the first time at a COP, delegates included language on critical minerals such as lithium and cobalt in a draft negotiating text that highlighted the risks associated with their extraction and processing. Although it was left out of the final decision, the proposal underscored mounting concerns that the shift away from polluting fossil fuels could leave the world more reliant on minerals tied to environmental and social ills.Political freedom makes a COP comebackTens of thousands of people took to the streets of Belém on November 15 to call for a stronger response to climate change. The previous day, Indigenous activists blocked the entrance to the Blue Zone of the COP30 venue, staying put until they could have a dialogue with the Brazilian officials leading the summit. And before that, a small group of protesters forced their way into the Blue Zone after being denied access.Such scenes in democratic Brazil were a far cry from the past three COPs, held in countries where political expression is heavily restricted. While many activists said the summit did not adequately include or listen to them, civil society was a bigger part of these talks than it had been for years.With COP31 set to be held in Turkiye, protests may once again recede. The country has seen one of the sharpest pullbacks on freedom of expression over the past decade, according to Freedom House.Forests got money — but not make-or-break supportBrazil went into COP30 with a signature initiative: the Tropical Forests Forever Facility, a fund to support rainforest conservation worldwide. The country hoped for tens of billions in pledges, but the fund fell far short.Norway, Germany and Indonesia and others have committed more than $6bn so far. Norway’s pledge came with conditions that include raising more investment from others, meaning much work remains to be done.The Global Mutirão decision also recognises the critical role of forests in storing carbon and maintaining a liveable climate. However, a proposed road map to stop deforestation did not make it into the final text, with Corrêa do Lago instead propping up a second initiative akin to the fossil fuel one. It’s an omission that some found galling given the setting of the talks.“If we cannot agree on ending deforestation here in the Amazon, the question is, ‘then where?’” asked Juan Carlos Monterrey Gómez, the special representative for climate change from Panama.The US makes its absence feltThis was the first COP without American attendance since President Donald Trump returned to the White House — and that absence was felt, for both good and bad.Developed country negotiators, like those in the EU, missed the presence of the US to act as a driver of ambition, using its diplomatic heft during critical moments with countries like China and Saudi Arabia. There was little sign of others being willing to step up into the vacuum. Beijing submitted an underwhelming climate pledge ahead of the summit and kept a low profile at the talks. Europe remained on the defensive against accusations of not providing enough finance and unfair trade measures.Yet there was also relief that the US didn’t disrupt talks. In the weeks before COP30, the US played the role of spoiler in negotiations at the International Maritime Organisation, which had been working for years to adopt a new global charge on the shipping industry’s enormous emissions. 

Qatar Chamber first vice-chairman Mohamed bin Towar al-Kuwari and Qatar Chamber board member Dr Mohamed bin Jawhar al-Mohamed are joined by Turkmenistan Chamber of Commerce and Industry chairman Mergen Gurdov and his accompanying delegation during a meeting held in Lusail Wednesday.
Business

Qatar, Turkmenistan chambers discuss activation of joint business council agreement

 Qatar Chamber first vice-chairman Mohamed bin Towar al-Kuwari held a meeting with Turkmenistan Chamber of Commerce and Industry chairman Mergen Gurdov and his accompanying delegation in Lusail Wednesday.The meeting, held in the presence of Qatar Chamber board member Dr Mohamed bin Jawhar al-Mohamed, discussed bilateral economic and trade relations and ways to enhance them. Both officials also reviewed co-operation between both chambers, as well as efforts to activate an agreement signed in 2010 to establish the Qatari-Turkmen Joint Business Council.The council aims to strengthen ties between the business communities in both countries and to empower the Qatari and Turkmen private sectors to play a greater role in advancing economic co-operation.Al-Kuwari lauded the strong relations between the two countries, expressing the Qatari side’s keenness to learn about the investment climate and opportunities available in Turkmenistan, as well as the promising sectors suitable for Qatari investors.He affirmed that Qatar Chamber supports strengthening co-operation between the private sectors of both countries and encourages Qatari businessmen to forge trade partnerships with their Turkmen counterparts.Gurdov expressed hope that co-operation between the two chambers will further develop and have a positive impact on co-operation between the business communities in both countries. He also invited Qatari businessmen to visit Turkmenistan and explore investment opportunities available there.Al-Mohamed stressed that the private sector always encounters challenges that may hinder its work, but joint business councils play a critical role in addressing such obstacles whenever they arise. He stressed that establishing the joint business council will bring business communities closer, enable the study of available investment opportunities, and contribute to building stronger economic integration between the two nations. 

Gulf Times
Business

Qatar's Film Committee, Company 3 sign landmark agreement to establish post-production, VFX hub in Doha

The Film Committee at Media City Qatar has signed a landmark agreement with Company 3, the award-winning global post-production and visual effects powerhouse, to establish a dedicated post-production and VFX studio in Doha.This agreement - signed during the Doha Film Festival 2025, marks a pivotal milestone in Qatar's creative industries development and underscores Qatar's growing reputation as the Middle East's emerging media capital, offering state-of-the-art infrastructure, world-class talent, and a progressive creative ecosystem.HE Managing Director of the Supreme Committee for Delivery and Legacy (SC) and Chairman of Qatar Film Committee, Hassan Al Thawadi, said that "this partnership embodies Qatar's vision to support the very best creators in Qatar, the region and the Global South.""With Company 3's world-renowned expertise in visual storytelling and our commitment to building advanced creative infrastructure, Doha is poised to become a destination for world-class post-production and visual effects," His Excellency added.As part of the agreement, the Film Committee and Company 3 will jointly research, explore, and evaluate the development of a post-production and visual effects studio operated by Company 3 in Qatar. This will be the first phase of a long-term partnership.Company 3 will provide technical, creative, and operational guidance to shape the foundation for a high-end post-production environment in the region. The Film Committee will support the collaboration through a structured funding and facilitation framework, reflecting Qatar's ambition to become the production and post-production hub for the Middle East and Africa.For his part, CEO of Company 3, Stefan Sonnenfeld, expressed his anticipation for cooperation, saying, "The Film Committee's forward-thinking approach to developing a sustainable creative ecosystem aligns perfectly with our mission to empower storytellers through technology and artistry.""This partnership represents the foundation for a new era of post-production excellence in the Middle East," Sonnenfeld added.Through this collaboration, the company will bring its global expertise and technical excellence to the region, helping to design creative workflows, develop local and regional talent, and provide access to world-leading infrastructure and tools.The Film Committee will coordinate with local stakeholders and government partners to ensure the project contributes to the nation's broader creative economy goals. Responsibilities include logistical coordination, operational support, and a funding framework for the exploration phase - ensuring that the partnership between QFC and Company 3 delivers meaningful outcomes across creative, technological, and training dimensions.The collaboration also includes consultation on the creation of a local production and post-production rebate scheme, part of Qatar's broader ambition to attract leading studios, streamers, and filmmakers to the country.

Gulf Times
Qatar

Qatar showcases efforts for climate action at COP30

Qatar's pavilion at the Conference of the Parties to the UN Framework Convention on Climate Change (COP30), held in Belem, Brazil, has organised a panel discussion entitled "National Communications in Support of Climate Action."The discussion featured a number of international experts and specialists in climate reporting and transparency systems. The session aimed to highlight the vital role of national communications and climate reports in enhancing transparency and improving countries' readiness to develop effective policies for mitigating and adapting to climate change, as well as aligning national efforts with the commitments of the Paris Agreement.The Ministry of Environment and Climate Change presented an overview of Qatar's efforts in updating its national reports and enhancing its readiness to comply with the requirements of the enhanced transparency framework under the Paris Agreement.The ministry emphasised the importance of exchanging experiences among countries to improve the quality of climate reports and support global climate action. During the session, participants discussed the importance of preparing national communications and periodic reports for States Parties, the role of accurate data in supporting decision-making, and highlighted the relationship between national communications, nationally determined contributions and national adaptation plans.They also reviewed the challenges related to capacity building and strengthening transparency systems in developing countries, and international cooperation mechanisms for developing climate reporting capacities.

Greece's Prime Minister Kyriakos Mitsotakis (right) and Ukraine's President Volodymyr Zelensky shake hands after attending a joint press conference following their meeting in Athens, Sunday. (AFP)
International

Greece to supply winter gas to war battered Ukraine

Greece signed a deal with Ukraine Sunday to supply US-origin liquefied natural gas (LNG) to the war-battered country whose energy infrastructure has been crippled by Russian strikes.The agreement came as Ukrainian President Volodymyr Zelensky visited Athens at the start of a European tour aimed at shoring up his country's defences and energy supply, as it enters another gruelling winter nearly four years into Russia's invasion.Exhausted and outnumbered Ukrainian troops are struggling to fend off Russian forces, and both sides have been attacking each other's energy infrastructure power stations and oil refineries as the war drags on with no sign of peace talks.Greece's national gas company DEPA Commercial and its Ukrainian counterpart Naftogaz announced the deal, which will run from December 2025 until March 2026, following a meeting between Zelensky and Greek Prime Minister Kyriakos Mitsotakis.The agreement "marks an essential step in strengthening regional energy cooperation and European energy security", according to a joint statement.The deal, signed at a ceremony attended by US ambassador to Greece Kimberly Guilfoyle, will make it possible to "support Ukraine in the midst of a difficult winter", Mitsotakis and Zelensky said.Guilfoyle visited Zelensky at the Ukrainian embassy in Athens Sunday, the state-run ERTNEWS tv channel reported."Relations between our countries are taking on a crucial new dimension: that of a new secure energy artery, stretching from south to north, from Greece to Ukraine," Mitsotakis said.He called the deal a "decisive step toward definitive energy independence from Russian gas" — a key goal for Europe, which has struggled to wean itself off imports.Most European Union countries recently approved a ban on imports of Russian natural gas by the end of 2027, a decision aimed at hitting Russia's funding for the war.Mitsotakis also pledged Greek support for Ukraine's postwar reconstruction and to deepening defence cooperation, according to a joint declaration.They plan on "enhancing security in the maritime domain, including cooperation on the development and deployment of maritime (sea) UAVs, joint exercises and training related to unmanned maritime systems, and enhanced information-sharing on maritime threats."The Ukrainian president expressed gratitude to US President Donald Trump "for the fact that we will be able to receive natural gas not only from Greece, but also (US gas) via Greece".Zelensky, who is to visit France and Spain on his tour, called the agreement a "significant part of the comprehensive energy package we have prepared for this winter".The approaching winter poses "a huge challenge... for the Ukrainian people", he said."Practically every night now, the Russians are striking our infrastructure, especially our energy infrastructure," he said."Most of Ukraine's power plants, our gas production facilities and our thermal power plants have become targets."Zelensky's first visit to Greece since 2023 follows the recent announcement of major energy projects in Greece, supported by the United States.Greek authorities plan to cooperate with US companies to increase the flow of American liquefied natural gas to Greek terminals.Greece is "the natural gateway for American liquefied natural gas to replace Russian gas in the region," Mitsotakis said at a conference this month in Athens hosted by the United States.The recent launch of a Trans-Adriatic pipeline connecting Greece and Bulgaria has enabled the country to contribute to a "vertical" corridor delivering gas towards Bulgaria, Romania, Moldova, Ukraine, Hungary and Slovakia.The opening of storage infrastructure at the port of Alexandroupolis, near the Greek-Turkish border and where American LNG arrives, has also helped undermine Russia's market in the region.

PICTURE: Shaji Kayamkulam
Qatar

DR Congo, M23 ink roadmap to peace in Doha

In a significant step forward for the peace process, the Doha Framework Agreement for Peace between the Government of the Democratic Republic of the Congo (DRC) and the Congo River Alliance (AFC/M23) was signed Saturday during a special ceremony at the Sheraton Doha.The signing took place in the presence of His Excellency Dr Mohammed bin Abdulaziz bin Saleh al-Khulaifi, Minister of State at the Ministry of Foreign Affairs. His Excellency Dr al-Khulaifi affirmed that the framework agreement represents an important milestone in efforts to consolidate peace and stability in eastern DRC.**media[381877]**He reiterated Qatar’s commitment to supporting the peace process until a comprehensive and lasting settlement is achieved for the Congolese people. Speaking at a press conference alongside Massad Boulos, US Senior Adviser for Arab and African Affairs, His Excellency the Minister highlighted the genuine political will and responsible engagement demonstrated by both parties, noting that these qualities made the agreement possible.**media[381882]**He also expressed appreciation for their confidence in Qatar’s role in facilitating and advancing the peace efforts. His Excellency Dr al-Khulaifi recalled that Qatar’s mediation efforts began when His Highness the Amir Sheikh Tamim bin Hamad al-Thani hosted President Félix Tshisekedi of the DRC and President Paul Kagame of Rwanda in Doha, and when President Tshisekedi subsequently opened the door for dialogue with the AFC/M23 movement.This latest agreement marks a new and important milestone in the ongoing peace process led by Qatar, building on the progress made with the Doha Declaration of Principles signed on 19 July. The Framework reaffirms the parties’ shared commitment to addressing the root causes of the conflict through structured dialogue, confidence-building measures, and a phased approach to de-escalation and stabilisation.**media[381878]**It emphasises the protection of civilians, respect for human rights, the safe and dignified return of displaced persons, and the promotion of national reconciliation and unity.Serving as the foundational reference document for the broader peace process, the Doha Framework sets the stage for a series of forthcoming protocols, annexes, and technical arrangements that the parties have agreed to develop.**media[381880]**These instruments will address operational details such as ceasefire consolidation and verification, troop disengagement modalities, humanitarian access, reintegration mechanisms, and support for national dialogue.Once adopted, these protocols and annexes will form an integrated and harmonised part of the Doha Framework for Peace, ensuring coherence, clarity, and phased implementation. Qatar commended the constructive engagement of both parties and expressed appreciation for the cooperation of regional and international partners supporting the process.**media[381881]**In particular, Qatar acknowledged the contributions of the US, Togo, and the African Union Commission, whose sustained support has played a key role in advancing the peace efforts.

QFFD Signs a $1 Million Grant Agreement with ITF Enhancing Human Security to Support Palestine Hospital in Harmalah 2
Region

Qatar offers $1mn to Palestine hospital in Harmalah

Qatar Fund for Development (QFFD) signed $1mn grant agreement with the ITF Enhancing Human Security (ITF) to support the Palestine Hospital in Harmalah - Bethlehem, with the aim of strengthening the healthcare system in the sisterly State of Palestine.The signing ceremony was witnessed by His Excellency Chairperson of QFFD Sheikh Thani bin Hamad al-Thani, and signed by Director General of QFFD Fahad bin Hamad al-Sulaiti, and Director of ITF Ambassador Tomaz Lovrencic.This contribution will enable ITF to strengthen the hospital’s capacity to respond to emergency medical needs by covering the procurement of raw materials and improving access to essential healthcare and rehabilitation services for populations affected by conflict, including those from Gaza. On this occasion, Fahad bin Hamad al-Sulaiti, stated: "Access to quality medical care is a fundamental right and a cornerstone of sustainable development.Through this partnership with ITF, we aim to strengthen hospitals as pillars of resilience, capable of responding to crises, safeguarding lives, and restoring the well-being of communities affected by conflict.This agreement embodies Qatar’s steadfast solidarity with the brotherly Palestinian people and reaffirms our shared commitment to addressing their urgent needs amid humanitarian circumstances.” Ambassador Tomaz Lovrencic, Director of ITF, stated: "The needs of Palestinian victims of explosive remnants of war require an urgent action. Vulnerable groups, especially women and children, need appropriate medical attention, including prosthetic care and psychosocial support." The partnership between QFFD and ITF underscores a joint commitment to advancing equitable healthcare, enhancing resilience, and promoting human security in conflict zones.It also comes as part of Qatar's steadfast support for the brotherly Palestinian people, aimed at securing essential services and building a foundation for a peaceful, prosperous, and stable future.

Gulf Times
Qatar

QICCA, QU's Community Service & Continuing Education Center sign agreement to enhance collaboration

The Qatar International Center for Conciliation and Arbitration (QICCA) at Qatar Chamber and the Community Service and Continuing Education Center at Qatar University (QU) have signed a cooperation agreement aimed at establishing a framework for institutional collaboration between the two parties in implementing specialised training programs in arbitration, conciliation, and mediation.This partnership seeks to enhance the efficiency of arbitrators and promote professional awareness of alternative dispute resolution mechanisms.The agreement was signed at the QICCA headquarters by QICCA Vice Chairman, HE Sheikh Dr. Thani bin Ali Al-Thani and Head of Strategy and Development at QU, Dr. Muna Al Marzouqi.On this occasion, HE Sheikh Dr. Thani bin Ali Al-Thani affirmed that the signing of this agreement marks an important milestone in QICCA's journey, emphasizing that it aims to promote and strengthen the culture of arbitration and alternative dispute resolution in Qatar.He also noted that this partnership aligns with QICCA's strategy to enhance academic cooperation with leading educational institutions, both locally and internationally, based on the belief that such collaboration is a key pillar in developing and advancing the arbitration environment in the State of Qatar.For her part, Dr. Muna Al Marzouqi said that the agreement with QICCA aims to enhance the legal capabilities of companies and institutions, enabling them to manage their contractual relationships effectively and safeguard their rights in line with best legal practices.Al Marzouqi noted that, under this agreement, a series of joint training courses will be implemented in coordination between the two parties, covering areas such as commercial law, local and international arbitration, conciliation and mediation, and dispute management.She added that the agreement also includes a programme for the preparation and qualification of arbitrators.The 'Qualification and Preparation of Arbitrators Programme' is a comprehensive professional training designed to prepare national and Arab professionals to serve as certified arbitrators. It enables participants to gain an in-depth understanding of the legislative and institutional frameworks governing arbitration, as well as the procedures for forming arbitration panels and issuing and enforcing arbitration awards.The programme comprises five sequential training stages, combining theoretical and practical components in various aspects of commercial arbitration.These include drafting arbitration agreements, managing arbitration hearings, and preparing rulings and legal memoranda.Since its launch in 2016, in partnership with QU, the programme has graduated more than 320 participants, most of whom are Qatari professionals working in the field of arbitration, who have significantly contributed to enriching the arbitration landscape in the State of Qatar.

Gulf Times
Business

Qatar, Egypt sign deal to implement $29.7bn urban development project

Qatari Diar Real Estate Investment Company signed an investment partnership agreement with Egypt's New Urban Communities Authority to implement an integrated urban tourism project according to the highest international standards, in the Alam El Roum area on the North Coast of Matrouh Governorate.The project extends over an area of ​​around 4,900 acres and along 7.2km of Mediterranean beaches, with total investments estimated at more than $29.7bn.The signing ceremony was attended on the Egyptian side by Prime Minister Dr Mostafa Madbouly, Minister of Finance Dr Ahmed Kouchouk, and Minister of Housing, Utilities, and Urban Communities Sherif El Sherbini.On the Qatari side, it was attended by His Excellency Minister of Municipality and Chairman of the Board of Directors of Qatari Diar Abdullah bin Hamad bin Abdullah al- Attiyah, CEO of Qatari Diar Ali Mohammed al-Ali, and Chief Development and Project Delivery Officer — Asia and Africa at Qatari Diar, Sheikh Hamad bin Talal al-Thani.The project aims to transform Alam al-Roum into a comprehensive tourism and investment destination, encompassing residential, tourist, commercial, and service areas. It will feature upscale residential complexes and neighbourhoods, tourism and entertainment projects, open artificial lakes, golf courses, and a marina for yachts, including one international and two inland local marinas. The project will also include a complete infrastructure, such as a service free zone, electricity distribution and water desalination and treatment plants, hospitals, schools, universities, and several government offices.Stretching along a 7.2 km waterfront, the project is expected to be one of the largest development projects in the region and is anticipated to attract investments, boost economic growth, and create both direct and indirect job opportunities.The agreement includes a cash price of $3.5bn and an in-kind consideration of 396,000 square meters of built-up area, the sale of which is expected to generate revenues of at least $1.8 bn. In addition, 15 % of the project's profits will be allocated to the New Urban Communities Authority after the company recovers its full investment costs. These profits include the output of the company and its subsidiaries.The land use within the project is distributed as follows: residential land constitutes approximately 60 % of the total area, 15 % is allocated to service areas, and 25 % to roads, squares, and open green spaces. The project land will be delivered free of any encumbrances in two main phases and several sub-phases.In this context, Dr Mostafa Madbouly emphasised that this agreement represents a major investment partnership reflecting the depth of the fraternal relations between Egypt and Qatar. He said that it is an important step in strengthening economic and investment cooperation between the two countries, given the distinguished relationship between President Abdel Fattah al-Sisi and His Highness the Amir Sheikh Tamim bin Hamad al-Thani. He added that the partnership embodies the vision of both leaderships for integrated economic cooperation that contributes to supporting sustainable development and attracting high-quality investments to the Egyptian market.He noted the government's commitment to removing any obstacles facing investors and its keen interest in partnering with Qatar on this project, which is one of the largest Arab investments in the real estate and tourism development sector and reflects investor confidence in the Egyptian economy.For his part, HE Abdullah bin Hamad bin Abdullah al- Attiyah said that the project represents a strategic step toward enhancing the status of Egypt's North Coast as a comprehensive global destination, and embodies Qatar's commitment as a partner in supporting the Egyptian government's efforts to achieve sustainable development and year-round operation of coastal areas.The project represents one of the most prominent investment ventures in the region, with a total investment of approximately $29.7 bn, he said, noting that this is expected to provide more than 250,000 direct and indirect job opportunities.HE Minister of Municipality and Chairman of the Board of Directors of Qatari Diar added that the project also reflects Qatari Diar's confidence in the strength of the Egyptian economy and its belief in the value of investing in Egypt's unique geographical location.Speaking to Qatar News Agency following the signing of the deal, CEO of Qatari Diar Ali Mohammed al-Ali emphasized that the "Alam al-Roum" project represents a new step in developing luxury destinations in Egypt, as part of a series of strategic investments targeting high-value tourist destinations. He added that the project will be a landmark in the development of the North Coast and a global destination that will redefine tourism standards on the Mediterranean through development spanning more than 20mn square meters and boasting over 4,500 hotel rooms.He indicated that the project will be implemented by a special-purpose project company wholly owned by Qatari Diar, in coordination with the New Urban Communities Authority to ensure the design adheres to the highest international standards.

Gulf Times
Region

Egypt, Austria discuss Gaza developments, bilateral relations

Egyptian Minister of Foreign Affairs Badr Abdelatty held talks in Cairo with his Austrian counterpart Beate Meinl-Reisinger, focusing on regional developments — particularly the situation in the Gaza Strip — as well as ways to strengthen bilateral relations between the two countries.During the discussions, Minister Abdelatty emphasized the importance of fully implementing the agreement to end the war in Gaza and of initiating early recovery and reconstruction efforts.He also stressed the need to ensure the unimpeded delivery of sufficient humanitarian aid to the Gaza Strip to meet the urgent needs of its population.In this context, Abdelatty expressed hope that Austria would actively participate in the upcoming international conference on early recovery, reconstruction, and development in Gaza, to be hosted by Egypt later this month, in a way that meaningfully supports the Palestinian people.Regarding bilateral relations, the Egyptian Foreign Minister reaffirmed Egypt’s commitment to enhancing all aspects of cooperation with Austria and to strengthening coordination on regional and international issues of mutual concern.

Gulf Times
Region

Israeli Army escalates attacks in ongoing violation of Gaza ceasefire

The Israeli occupation army has continued to violate the ceasefire agreement in the Gaza Strip, launching new bombardments and artillery shelling on multiple areas across the enclave on Sunday.Palestinian sources reported ongoing artillery shelling targeting the eastern areas of Rafah and Khan Younis in the southern Gaza Strip, accompanied by intense gunfire from armored vehicles and tanks positioned along the eastern border, striking Palestinian homes and agricultural lands.In the north, Israeli occupation vehicles stationed east of Tuffah, Shujaiyya, and the Jabalia refugee camp opened heavy fire, while artillery units bombarded the eastern parts of Deir al-Balah in central Gaza.Field sources also confirmed that Israeli forces continue to carry out large-scale demolitions in eastern Gaza, causing loud explosions as they destroy residential neighborhoods and homes located within the so-called “yellow line” along the separation barrier between Gaza and the Israeli-occupied territories.The violations also include the continued targeting and killing of civilians, renewed shelling across several areas of Gaza, and the ongoing closure of the Rafah border crossing, which prevents the evacuation of the wounded and sick for treatment and hinders the entry of humanitarian aid in the agreed-upon quantities and mechanisms.The ceasefire agreement between Hamas and Israel came into effect on October 10, as part of the first phase of US President Donald Trump’s initiative aimed at ending the war on Gaza.