Category: Industry

Tawteen Partners with Microsoft for Innovation in Energy Sector

Tawteen and Microsoft have forged a strategic partnership with the aim of accelerating digital transformation in Qatar’s energy sector and achieving the objectives of Tawteen program. Tawteen, the supply chain localization program for the energy sector led by QatarEnergy, aims to support the growth and diversification of Qatar’s economy, attract companies operating in the areas of knowledge and technology, and

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Qatar Airways Wins the “Airline of the Year” Award by Skytrax for Seventh Time

Qatar Airways has been named “Airline of the Year” for the seventh time, during the international Skytrax awarding ceremony in the UK capital London.   With this winning that is coinciding with Qatar Airways celebrating its 25th anniversary, the airline has continued to lead the international airlines after this awarding for the unprecedented seventh time (in 2011, 2012, 2015, 2017,

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UAE President and German Chancellor witness signing of new Energy Security and Industry Accelerator Agreement

UAE President, His Highness Sheikh Mohamed bin Zayed, and German Chancellor, Olaf Scholz, have witnessed the signing of a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the UAE and Germany in energy security, decarbonization and climate action.   The agreement was signed by Dr. Sultan Ahmed Al Jaber, UAE Minister of

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UK tax cuts deepen selloff, dollar soars and bonds plunge

London, Stocks hit two-year lows on Friday, the dollar scaled a two-decade high and bonds sold off again as investors feared bigger interest rate rises are on their way to tame inflation, while UK assets plunged after huge debt-financed tax cuts were announced.   UK assets were already weaker but extended their fall after Britain’s new finance minister unveiled an

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Saudi Arabia first trade partner of Bahrain, Nass

Manama, Trade ties binding the Kingdom of Bahrain and the Kingdom of Saudi Arabia are growing steadily despite the fallout of COVID-19. “The volume of trade exchanges grew by 19% in 2021 to top $3.43 billion, up from $2.88 bn in 2020”, said Bahrain Chamber of Commerce and Industry (BCCI) Chairman Samir Abdulla Nass. He noted fast-growing economic relations, supported

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PSA Organizes Regional Workshop on Changing Role of Official Statistics System in the State of Qatar

The Planning and Statistics Authority (PSA), with international, regional and national participation, organized yesterday a two-day regional workshop on “the changing role of the official statistics system in the State of Qatar.”   The workshop aims to upgrade the national statistical system in line with the data revolution and relevant sciences and technologies, such as artificial intelligence in statistical applications

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Investors mixed as Porsche seeks price tag of up to $75 billion

Berlin, Volkswagen (VOWG_p.DE) shares hovered around breakeven on Monday, reflecting a mixed response from investors to the automaker’s listing plans for sports car brand Porsche AG in what could be Europe’s third biggest initial public offering.   Volkswagen said on Sunday it was aiming for a valuation of 70 billion-75 billion euros ($70-75 billion) for Porsche AG, slightly below some

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H.H. Sheikh Abdullah bin Zayed meets with Israeli Finance Minister

H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with the Minister of Finance of Israel, Avigdor Lieberman, during his current official visit to Tel Aviv to review cooperation relations between the two countries in several fields, including areas of economy, finance and investment.   Sheikh Abdullah said that the UAE and Israel, since

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