Qatar Financial News

Transport Minister Catherine King acted against the advice of her department in refusing to open negotiations with Qatar over expanding a bilateral air rights agreement before abruptly blocking the request nearly a year after it was first tabled.

A senior Qatar Airways executive has told an Australian Senate inquiry that there will be no repeat of an incident at Doha’s international airport in 2020 in which female passengers were subjected to invasive gynecological examinations

The competition watchdog’s former chief Rod Sims says it is “outrageous” that Qantas and Virgin Australia have substantial shareholdings in the company that ultimately polices which airlines take off and land at Sydney Airport.

Anant Jeet Singh added another medal to India's tally at the Asian Games, securing a silver medal in the men's skeet individual final on Wednesday. He got 58 points. The gold medal was bagged by Kuwait's Abdullah Alrashidi, who scored 60 points to level with the world record held by India's Angad Vir Singh.

₹5,512.50 crore in October 2020. Earlier this week, RIL's retail arm received the full subscription amount of ₹2,069.50 crore from the global investment firm KKR and has allotted 1.71 crore equity shares. Also read: Reliance Retail in talks with Gulf, Singapore funds on $1.5 billion investment: Report Following the share allotment, KKR's shareholding in RRVL has increased to 1.42% from 1.17%.

Mukesh Ambani’s sprawling retail empire. ADIA is seeking to invest $600 million into the organized retailing business of Asia's richest person, people aware of the developments told ET, at valuations that significantly exceed those during an earlier concluded round three years ago. ADIA is already an investor in Reliance Retail Ventures (RRVL), having bought a 1.2% stake for Rs 5,512.50 crore ($751 million) in October 2020, when the company raised Rs Rs 47,265 crore by selling 10.09% stake to a clutch of bulge-bracket investors that included Saudi PIF, Mubadala, GIC of Singapore, Silverlake, TPG and GA. From the previous bunch of investors, KKR has already made a follow-on investment of Rs 2,069.50 crore at a pre-money equity value of Rs 8.361 lakh crore ($100 billion), making RRVL among the top four companies by implied market capitalization in the country. Thus far, Qatar's $1-billion infusion has been the only fresh investment in the current round of fund raise. The current valuation is almost at a 60% premium to the last financing round three years ago, but is much lower than what most equity analysts perceive the value of the privately held retail business to be.

Qatar Airways says it was “surprised and shocked” that an application to lift services to Australia was rejected by the Albanese government, and told a senate inquiry it did not believe it had been given good reasons the decision.

FIFA is moving more than 100 jobs from its Swiss headquarters to Florida where a growing workforce is already working on organizing the 2026 World Cup

Qantas chairman Richard Goyder and new chief executive Vanessa Hudson will front up at a Senate inquiry into aviation landing rights on Wednesday but former boss Alan Joyce will not appear until he returns from overseas.

BEIRUT (Reuters) — Lebanon risks being «ostracised» by the international community if its nearly year-long presidential vacuum drags on further, France's special envoy Jean-Yves Le Drian told a local Lebanese newspaper in an interview published on Tuesday.

Qantas shares fell on Tuesday after brokers began downgrading the stock, concerned higher spending on repairing its relationship with customers and higher fuel expenses will end a run of higher profits.

SYDNEY (Reuters) — A union for pilots employed by Australia's Qantas Airways called for the company's chairman to resign following a host of scandals that have drawn fierce criticism from travellers, regulators, lawmakers and its own employees.

Virgin Australia says the federal government’s “hard to understand” decision not to allow Qatar Airways to fly more services into Australia has undermined its ability to compete with Qantas.

Reliance Retail Ventures Ltd, the retail arm of Reliance Industries, has received the full subscription amount of Rs 2,069.50 crore from the global investment firm KKR and has allotted 1.71 crore equity shares. Following the share allotment, KKR's shareholding in Reliance Retail Ventures Ltd (RRVL) has increased to 1.42 per cent, from 1.17 per cent. «Reliance Retail Ventures Ltd today received the subscription amount of Rs 2,069.50 crore from Alyssum Asia Holdings II Pte.

Max Verstappen helped Red Bull clinch the Formula One constructors' championship and took a giant step towards his third straight drivers' title by winning the Japanese Grand Prix on Sunday. Runaway championship leader Verstappen finished ahead of McLaren pair Lando Norris and Oscar Piastri and can lift the title at next month's Qatar Grand Prix. Verstappen's win helped Red Bull clinch their second straight constructors' title even though teammate Sergio Perez retired from the race. «You have built a rocket ship of a car,» he told his team over the radio after crossing the line. Nearest challengers Mercedes were unable to stay in contention, with Lewis Hamilton finishing fifth and George Russell placing seventh.Ferrari's Charles Leclerc was fourth, while teammate Carlos Sainz was sixth. Verstappen was back to his breathtaking best after a disappointing fifth-place finish at last week's Singapore Grand Prix. He held off a double challenge from McLaren to take the lead ahead off Norris at the first turn. First the Dutchman veered right to squeeze out Piastri, who was starting from second on the grid, then moved left to stop Norris from darting through the gap. The safety car came out soon after, with Alfa Romeo's Valtteri Bottas and Zhou Guanyu taking damage at the start of the race. Perez got into trouble when he picked up a five-second penalty for a safety car infringement. The Mexican retired from the race a few laps later, telling his team «the car doesn't feel right». He later came back out, ensuring that he would not have to serve his time penalty at the next race. Russell and Hamilton tried to chase Leclerc but Sainz got himself in the mix by going past Russell late on. Bottas, Aston Martin's Lance Stroll and

Canberra Airport’s chief has blasted Qantas, accusing it of mistreating its staff and customers, and breaching contract conditions as he called for heavier regulation to finally bring the national carrier “to heel”.

New Delhi: India’s largest airline IndiGo has signed a codeshare partnership with UK flag carrier British Airways InterGlobe Aviation-promoted IndiGo currently has codeshare partnerships with Turkish Airlines, Qatar Airways, Qantas, Virgin Atlantic, KLM, American Airlines, and Air France. Under a codeshare agreement, airlines agree to sell seats in each other's flights in order to provide their respective customers a wider network. With this codeshare partnership with IndiGo, British Airways will now be able to add three additional routes to their existing network, including Rajkot to London Heathrow via Mumbai, Vadodara to London Heathrow via Mumbai and Thiruvananthapuram to London Heathrow via Mumbai.

aviation ministry, a person aware of the matter said. “According to the DGCA, Akasa Air is eligible to apply for international scheduled air transport services," the ministry informed the airline. “However, it is also informed that based on traffic rights to be allocated to Akasa Air, scrutiny of country-specific preparedness will be carried out by the DGCA before permitting Akasa Air to operate international operations." Since 2019, Indian airlines have shown strong interest in expanding their presence in the international market due to the potential for higher yields.

Alan Joyce could be paid $23.6 million for his last year at Qantas, but the airline says some $10 million in bonuses for its former chief executive are up in the air as it grapples with shareholder anger and allegations it wrongly sold thousands of tickets on flights it had already decided to cancel.

prisoners sought by the U.S. in a swap with Iran were freed Monday and headed home as part of a deal that saw nearly $6 billion in Iranian assets unfrozen. Despite the deal, tensions are almost certain to remain high between the U.S.

Iran and the United States will exchange prisoners on Monday after some USD 6 billion once frozen in South Korea reached Qatar, a key element of the planned swap, officials said. The planned exchange comes just ahead of the United Nations General Assembly in New York, where Iran's hard-line President Ebrahim Raisi will speak.