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    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

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    Egypt’s food industries contribute 24.5% of GDP

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      What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

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          Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Egypt’s food industries contribute 24.5% of GDP

          Egypt’s food industries contribute 24.5% of GDP

          $36mln contract for construction of Duqm fisheries complex

          $36mln contract for construction of Duqm fisheries complex

          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

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            Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

            Profits at top Saudi banks jump 17.6% in Q1

            Profits at top Saudi banks jump 17.6% in Q1

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            GCC can create 600,000 tech jobs and add US$255 billion to GDP by 2030

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            New study reveals that UAE is most competitive economy in the Arab world

            New study reveals that UAE is most competitive economy in the Arab world

            Top 10 listed companies in the Middle East

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            Oman Construction Equipment Industry to 2028

            Oman Construction Equipment Industry to 2028

            $36mln contract for construction of Duqm fisheries complex

            $36mln contract for construction of Duqm fisheries complex

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            Madayn working on major Oman industrial city projects

            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

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              Suez Canal expects US$3.5 billion in revenues in H1

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

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                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                UAE sends medical aid to Iraq to fight COVID-19

                UAE sends medical aid to Iraq to fight COVID-19

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                COVID-19 vaccine could be available by autumn: Oxford University

              • Hospitality

                Food Africa and pacprocess MEA attract over 25,000 trade visitors to the trade fair duo in Egypt

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

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              Qatar-UK trade volume reaches $9bn in 2019: Ambassador

              September 11, 2020
              in Trade
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              Qatar-UK trade volume reaches $9bn in 2019: Ambassador

              The volume of bilateral trade between Qatar and the UK has reached over $9bn in 2019, with Qatar being the UK’s third-largest trading partner in the GCC, British Ambassador to Doha, Jon Wilks said yesterday. Speaking at the Doha Bank hosted a webinar on ‘Bilateral & Synergistic Opportunities Between Qatar and the United Kingdom’, the envoy added that a number of VIP visitors from the UK are due to arrive in Qatar soon.

              “Aside from the great political relationship and growing trade and investment relationship, we also have an increasing defense and security cooperation. And part of that will be delivered in our partnership for the World Cup,” he said.

              The Ambassador added that Qatari investments in the UK stood at £40bn. He said Qatar is also already investing in projects outside London, particularly in the South East of England. “Qatar Airways started its direct flights a couple of years ago in Cardiff. There is also major import for LNG outside London and Qatar is also looking for further investments there,” he added.

              According to data presented during the event, trade volume between Qatar and the UK stood at £7bn from March 2019 to March 2020. To date, there are over 700 British companies registered in Qatar.

              UK officials who spoke during the webinar also highlighted the growing number of British companies now exploring the Qatari market as an alternative to the EU market.

              Speaking about post-Brexit relations between Qatar and the UK, the Ambassador added: “A result of Brexit will mean we can negotiate trade deals with markets beyond Europe. One of those deals could be with the GCC as a whole. We’re actually starting work on trade investment review between the UK and all the Gulf markets to see what would work best for both sides”.

              He went on to reiterate the UK’s plan to work on the green carbon-neutral agenda with Qatar, as the UK hosts the international conference on climate change next year.

              Speaking about global efforts to bounce back from the pandemic, he said: “Resilience and making sure all countries around the world are prepared to absorb a possible second wave of COVID, future pandemics, as well as other shocks to the international system. This is going to become a theme of international politics on the global economy. And with all attention around the US, China, and with the international institutions that have regulated global trade, it’s important for the UK that we stand up as supporters of a free and open global economy, and that we work with Qatar and others with that aim in mind”.

              Also speaking during the event, Doha Bank CEO Dr. R Seetharaman highlighted Qatar’s resilience amid the pandemic. “We are focusing on revenue enhancement by looking at multilateral options. When it comes to easing the debt servicing capacity of the borrowers by fiscal and multilateral policy around the world, Qatar has stepped in so well, with the QR75bn government package for the private sector. In the process, we have seen a positive reflection. Trade expansion for the last eight months is about nearly 4 percent and deposit expansion is around 5.2 percent,” he added.

              Other speakers during the event included Jinoos Shariati, First Secretary and Director of Trade and Investment at the Department for International Trade at the British Embassy in Qatar, Bandar Reda, CEO and Secretary-General of the Arab-British Chamber of Commerce in the UK, Eng Nasser Al Ansari, Chairman of Just Real Estate, and Richard Whiting, Chief Representative of Doha Bank UK Representative Office.

              The Peninsula
              10/09/2020

              Tags: investmentQatartradeUK
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