Washington DC, 29 Aug. 2022 (IMF) The Executive Board of the International Monetary Fund (IMF) completed today the combined seventh and eighth reviews of the Extended Arrangement under the Extended Fund Facility (EFF) for Pakistan. The Board’s decision allows for an immediate disbursement of SDR 894 million (about US$1.1 billion), bringing total purchases for budget...

Doha, 24 Aug. 2022 Saad bin Sherida Al Kaabi, Minister of State for Energy Affairs met visiting Turkish Minister of Energy and Natural Resources, Fatih Donmez on Wednesday in Doha. Both sides discussed developments in the field of renewable energy and hydrocarbon exploration. Donmez was accompanied during the meeting by Ankara’s ambassador to Doha, Mehmet...

19 Aug. 2022, Daily Observer (Oman) By Sudeep Sonawane Is the world’s energy crisis tottering towards a bad-to-worse position? Oil market experts say this based on recent data. They point to the exodus of investors and hedge fund managers from crude oil markets over the last few months. Oil price volatility petrifies investors, even speculators...

Tokyo, 04 August 2022 The Gas Exporting Countries Forum (GECF), the global platform of the leading gas producing countries recently participated in the annual International Association for Energy Economics (IAEE) Conference, which brought together energy economists, policymakers, and business executives from across the world. 2022 IAEE conference was organized by Institute of Energy Economics, Japan...

Doha, 07 July 2022 (QT) By Ashraf Siddiqui As a well-developed and well experienced city, Busan is well placed to host World Expo 2030 and the Republic of Korea is keen and anxious to organise the event there, the country’s ambassador to Qatar Lee Joon-Ho, has said. The more than 1,500 year-old port city of...

Doha, 05 July 2022 QatarEnergy announced the selection of Shell plc. as partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. The partnership agreement was signed today in a ceremony at QatarEnergy’s headquarters in Doha, by Saad Sherida Al-Kaabi, Minister of State for Energy...

Schloss Elmau, Germany G7 leaders have pledged to raise US$ 600 billion under The Partnership for Global Infrastructure and Investment (PGII) to counter China's ambitious Belt and Road Initiative of 2013. The infrastructure plan was first unveiled at the 2021 G7 summit in Britain. Called the Build Back Better World at the time, the US-driven...

Doha, 23 June 2022 Jassim Saif Ahmed al-Sulaiti, Minister of Transport, State of Qatar has said that Transportation Master Plan  (TMPQ) for Qatar 2050 is expected to have significant economic returns of around QR 300 bn while bringing down the fuel consumption and carbon emission, and enhancing traffic safety and security. Talking to media on the...

Doha, 16 June 2022 Qatar Airways Group celebrates its milestone 25th Anniversary year of operation with its strongest financial performance reflected in its published annual report for 2021/22, 200 per cent above its highest annual historical profit. Qatar Airways Group reported a record net profit of QAR 5.6 billion (US$ 1.54 billion) during the fiscal year...

Doha, 16 June 2022 Qatar National Bank (QNB) has announced launching of Open Banking platform for a wider audience including the Bank’s customers, partners and emerging FinTechs in Qatar. QNB is the first bank in Qatar and one of the first in the region for launching Open Banking services.  With this enhanced API infrastructure, the...