Economy

FECF Leadership Anticipates Resounding Success

29/05/2023

28 May 2023 The Secretary General of the Gas Exporting Countries Forum (GECF), Eng. Mohamed Hamel, held a virtual meeting today with Ahmed Mohamed Alkaabi, Assistant Undersecretary for Electricity, Water, and Future Energy at the Ministry of Energy and Infrastructure of the United Arab Emirates. They discussed the current state of energy markets and their...

GECF: The Role Of Natural Gas In Powering Africa’s Future

21/05/2023

Doha, 21 May 2023 Introduction Africa is projected to experience significant population growth, rising from around 1.4 billion to close to 2.5 billion by 2050, according to the 7th edition of the GECF Global Gas Outlook 2050. This, along with rural-urban migration, primarily by the youth population in search of better career opportunities in cities...

QatarEnergy Announces Awarding the EPC Contract For The North Field South Project

16/05/2023

Doha, 16 May 2023 QatarEnergy announces the award of the engineering, procurement, and construction (EPC) contract for the North Field South (NFS) project, which comprises two LNG mega trains with a combined capacity of 16 million tons per annum (MTPA). NFS, together with the North Field East (NFE) project, will increase Qatar’s LNG production capacity...

Global Sales Of Electric Cars Set To Grow 35% This Year, Reaching 14 million

26/04/2023

London, 26 April 2023 (Anadolu News) Strong support programs in major economies, a new report from the International Energy Agency (IEA) said Wednesday. The IEA's annual Global Electric Vehicle Outlook report showed that more than 10 million electric cars were sold worldwide in 2022, a record increase of 55% compared to the previous year. The...

Qatar: Imposing Income Tax Is Not One Of Our Current Plans, PM

13/04/2023

Doha, 13 April 2023 (QT) Prime Minister and Minister of Foreign Affairs of State of Qatar, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani has said that economic initiatives will come one after the other so that there will be an incentive for citizens to find opportunities in the private sector and there will be...

QatarEnergy Selects Sinopec As NFE Expansion Partner

12/04/2023

Doha, 12 April QatarEnergy has announced the signing of a definitive partnership agreement with China Petrochemical Corporation (Sinopec) for the North Field East (NFE) expansion project, the largest project in the history of the LNG industry. The agreement was signed by Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO...

Qatar: QFC And ILO Collaborate To Promote Decent Labour Standards In The Supply Chain

06/04/2023

Doha, 06 April 2023 The Employment Standards Office (ESO) of theQatar Financial Centre (QFC), a leading onshore financial and business centre in the region, partnered with the International Labour Organization (ILO) Project Office in Qatar to organise a roundtable on promoting decent labour standards in the supply chain through prudent procurement practices. The roundtable featured...

Pak-China Trade Resumes After Three Years; Khunjerab Pass Opened Today

02/04/2023

Beijing / Islamabad, 02 April 2023 (APP) The Khunjerab Pass, a major trade route between Pakistan and China was opened after a closure of almost three years in wake of Covid-19 pandemic. The pass that connects Gilgit-Baltistan with China’s Xinjiang Uyghur Autonomous region was closed in the year 2020 after spread of Covid-19 outbreak. According...

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