News

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Outbound tourism spending from the Gulf is 6 times the global average

A new report from the World Tourism Organization (UNWTO) and the European Travel Commission (ETC) shows that outbound tourism from the Gulf Cooperation Council (GCC) – comprising six countries of...

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Qatar ranks 8th in visa openness according to the UNWTO

Qatar has become the most open country in the Middle East and the eighth most open country in the world in terms of visa facilitation. The World Tourism Organization (WTO)...

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UNWTO: 2017, new record year for world tourism

According to the last data compilation by the World Tourism Organization <<UNWTO Tourism Highlights 2018 Edition>>, international tourist arrivals saw a 7% increase in 2017, the biggest growth on record...

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100 Brazilian firms showcase latest products at Gulfood

More than 100 Brazilian organisations, along with the Arab Brazilian Chamber of Commerce (ABCC), showcased their latest products and services at the Gulfood 2018, held in Dubai from February 18 to...

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DP World completes acquisition of Brazil’s Embraport terminal

DP World has successfully completed the acquisition of Brazil’s Empresa Brasileira de Terminais Portuários (Embraport)  from Odebrecht Transport, DP World Group Group Chairman and CEO Sultan Ahmed Bin Sulayem announced...

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25 Cities commit to become Emissions Neutral by 2050

The mayors of 25 pioneering cities, representing 150 million citizens, have pledged to develop and begin implementing more ambitious climate action plans before the end of 2020 to deliver emissions...

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Louvre Abu Dhabi opens its doors

Abu Dhabi opens its Louvre museum on Saturday, positioning itself as a city of cultural tourism with a display of hundreds of works that it hopes will draw visitors from...

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Europe’s recovery gathers pace despite Brexit, Catalan crisis

Europe's economic recovery is gathering pace despite the Catalan crisis and uncertainty around Brexit, with figures released Tuesday showing eurozone growth beating forecasts and unemployment falling to its lowest level...

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Saudi Arabia to Seek Bidders for 1,000-Mile Red Sea-Gulf Railway

Saudi Arabia plans to seek bidders for the construction of a 1,000-mile (1,600-kilometer) railroad linking the Red Sea with the Persian Gulf as early as the end of this year,...

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Olympic Games: Paris and Los Angeles to host 2024 and 2028 respectively

Paris and Los Angeles have been named as hosts of the 2024 and 2028 summer Games respectively by the International Olympic Committee. Both cities had wanted to host the 2024...

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France plans to end oil and gas production by 2040

France plans to pass legislation this year to phase out all oil and gas exploration and production on its mainland and overseas territories by 2040, becoming the first country to...

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B2 International Consulting, proud partner of the Global Water Partnership

B2 International Consulting recently became a partner of the Global Water Partnership (GWP) with the aim of collaborating with other organizations that promote the sustainable utilization of water resources in order...

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India embarks on solar power future

With 2.5mn dazzling panels spread across 10 sq km, a giant solar plant in India’s southern state of Tamil Nadu began generating power last month. The 648-megawatt Kamuthi solar plant,...

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A $335bn global empire: Qatar regaining its appetite for deals

Qatar is regaining its appetite for deals. In the past two months alone, the world’s richest country per capita invested in Turkey’s biggest poultry producer, Russian oil giant Rosneft, and...

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QEWC and Nebras in deal with Masdar to develop renewable energy projects

Abu Dhabi’s renewable energy company Masdar has signed a cooperation agreement with Qatar Electricity & Water Company (QEWC) and Nebras Power at Abu Dhabi Sustainability Week to develop renewable and...

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PPP model seen key to GCC healthcare sector growth

The Gulf Cooperation Council (GCC) offers immense opportunities, especially under public private partnership (PPP) model, in the healthcare sector, which is slated to grow at a compound annual growth rate...

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BRICS cooperation to be strengthened during Chinese presidency

Indian banker and New Development Bank chief (NDB) K.V. Kamath has said that cooperation between the five BRICS countries will be strengthened during Chinese presidency over the bloc in 2017....

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Japan’s Abe pushes Pacific trade deal in Australia

Japan and Australia will work together to ensure the Trans-Pacific Partnership free trade deal comes into force, Prime Minister Shinzo Abe said on Saturday, making no mention of strong US...

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Innovations in travel technology to transform global tourism industry

Innovations in travel technology will transform the tourism industry, with cloud passports, personalized travel, virtual reality and apps to reshape consumer habits and marketing strategies over the short to midterm,...

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Qatar seeks new LNG demand amid global supply glut

One of the world’s largest buyers of liquefied natural gas is considering diverting cargoes originally planned for domestic use in Japan to help the fuel’s biggest producer develop demand centres...

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Qatar to merge LNG producers Qatargas, RasGas

Qatar will merge state-owned liquefied natural gas producers Qatargas and RasGas Co Ltd, the chief executive of Qatar Petroleum (QP) said on Sunday. The more-than-two-year slump in oil prices has...

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Qatar MEC to issue licences for small businesses to run from homes

The Ministry of Economy and Commerce (MEC) has decided to issue licences for practising commercial activities at homes, as part of the ministry’s initiative to encourage small businesses and self-employment....

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Qatar energy minister sees LNG market facing growing uncertainty

The global LNG market is entering a period of uncertainty as the current low price environment deters investment in new supply projects, Qatar's energy minister said on Thursday, bringing tighter...

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Portugal’s Antonio Guterres elected UN secretary-general

Former Portuguese Prime Minister Antonio Guterrez has been officially appointed as the next UN Secretary-General. He will become the world's top diplomat on 1 January when Ban Ki-moon's second five-year...

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Brazil to Boost Funding for Solar, Cut Loans for Coal, Gas

BNDES will provide as much as 80% of funding for solar farms. Brazil’s development bank, the world’s biggest backer of renewable energy, will focus on clean energy while cutting support for...

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Qatari Investment Group Acquires Parisian Fashion House Balmain

Balmain, the Parisian fashion house beloved by Hollywood and the European jet set, has been bought by a private investment group linked to Qatar’s royal family and that has sought...

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Qatar’s investments in US to touch $35bn in five years

Qatar’s Ambassador to the United States, Mohammed bin Jaham Al Kuwari, said Qatar’s investments in US are expected to touch $35bn over the next five years. Qatar is a trading...

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Qatar buys stake in Empire State building

Affiliate of Qatar Investment Authority makes $622 million investment in Empire State Realty Trust. 23/08/2016 The Qataris are betting on the Empire State Building. An affiliate of the Qatar Investment...

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QIA buys $2.5bn Singapore tower from BlackRock

The Qatar Investment Authority has agreed to buy BlackRock Inc’s Asia Square Tower 1 for S$3.4bn ($2.5bn) in the biggest office transaction in Singapore. The QIA will purchase the office...

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Qatar wealth fund ‘to create $100bn unit in revamp’

Qatar's sovereign wealth fund is undergoing its biggest overhaul since 2014, grouping $100bn of investments in local companies into a new unit and abandoning the Qatar Holding name synonymous with...

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Telling the story of Swedish innovation

At the heart of Sweden’s triumph as one of the world’s innovation leaders is a self-devised ecosystem that is geared towards nurturing creativity. Be it investing heavily in research or...

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‘Today is an historic day,’ says Ban, as 175 countries sign Paris climate accord

As 175 world leaders signed the Paris Agreement at United Nations Headquarters today, Secretary-General Ban Ki-moon said the next critical step is to ensure that the landmark accord for global action on climate change...

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Muslim sovereign wealth funds strong drivers for Islamic economy

Sovereign wealth funds (SWFs) of Muslim countries, most of them managing the fiscal surpluses from oil and gas exports, are a key driver for Islamic finance and the halal economy,...