QLBusiness

Qatar Airways' CEO Akbar Al Baker has revealed that the company was offered a 25% stake in a US startup airline, providing it a second chance to enter the US market.

The Second edition of ‘Shop Qatar’ kicked off with a colourful opening ceremony at the Al Hazm Mall. Here are some reasons why you should see it.

After a brief lull, money exchange houses in Qatar witnessed a year-on-year growth in remittance outflow.

The merger of Qatargas and RasGas, announced in December 2016, is now complete. The resultant gas giant is set to save QR2bn a year.

Rents are likely to go down by the end of 2018 as newer properties become available, taking the total number of residential units in the country to around 293,000.

The system of Value Added Tax has been implemented in the UAE and Saudi Arabia. However, Qatar is unlikely to follow suit soon.

From January 1, the cost of petrol and diesel in the country will be at the highest-ever levels.

Qatar’s economy has shown great signs of recovery from the illegal siege, registering a growth spurt of 5.5% year-on-year.

In a sign that things are not slowing down, Ashghal has allocated a total of QR21.8b for next year’s projects.

Qatar has managed to import 97% of strategic goods into the country directly in November, says the General Authority of Customs.

The Oxford Business Group, in a report, has said that the illegal siege can generate some long-term positives for Qatar.

The country has actually witnessed a jump in the number of businesses after the start of the illegal blockade, says Qatar Financial Centre.

The Qatar Central Bank announced it has hired a prominent US firm to investigate an illegal, hostile Riyal manipulation bid.

In a positive development, Moody’s Investor Services have rated Qatar’s 2018 budget as ‘credit positive’ and less likely to be risky.

Baladna, a Qatari company, is poised to own around 14,000 cows by February and is also looking forward to go public soon after.

Qatar Airways has put forth an ambitious plan to buy almost 50 hotels around the world in the next five years.

It is good news for everyone as Qatar's 2018 budget, based on $45 oil price, is set to take capital spending to new levels.

The Qatari Cabinet has approved the draft state budget for the year 2018.

The Qatar government has stopped pumping money into local banks after rate of outflow of money slows down to a trickle.

A well-respected Qatari banker explains why the financial war on the Riyal has failed and why it could backfire on the region in the long run.