Qatar Financial News

Tata Sons, the group holding company, invested an estimated ₹13,000 crore in Air India in FY23 through wholly owned subsidiary Talace, they added. This excludes the investment committed for 470 new aircraft ordered in June from Airbus and Boeing as the new owner embarks on the national carrier's transformation, which includes fleet renewal, a design refresh and upgraded services to compete with the likes of Emirates and Qatar Airways. Tata took over Air India in January 2022 after it was privatised.

Petronet LNG hopes to extend its long-term gas import deal with Qatar at lower prices than those offered by the world's top liquefied natural gas (LNG) exporter in recent deals with China and Bangladesh. Indications are that the deals have been done at a slope of 12-13% to Brent, said A. K.

General Pension and Social Security Authority (GPSSA) of the UAE has launched a unified campaign aimed at raising awareness on the insurance protection extension system for registered GCC or Gulf Cooperation Council nationals employed in the UAE. GCC is an economic alliance of six Gulf countries — Saudi Arabia, Bahrain, Kuwait, Oman, Qatar, and UAE.

Quran in front of foreign embassies in Denmark, the country's Foreign Minister Lars Lokke Rasmussen said as quoted by AL Jazeera. In an official statement, Rasmussen condemned the burnings, saying that they are deeply offensive and reckless acts committed by a few individuals.

Saudi Arabia has made the first big deal in a push to deploy its vast wealth into the global mining industry, agreeing to buy a stake in Vale’s base metals unit.

Qatar Airways says it earned a profit of $1.2 billion over the last fiscal year, boosted in part by the small Arabian Peninsula country's hosting of the 2022 FIFA World Cup

Gulf central banks increased their key interest rates on Wednesday after the Federal Reserve raised rates by an expected quarter of a percentage point, citing still-elevated inflation as a rationale for the latest hike. The Fed raised its rate by 25 basis points (bps) on Wednesday and left the door open to another increase.

GAIL is planning to tie up 7-8 million tonnes per annum of long-term liquefied natural gas (LNG) from diverse sources as it bets big on domestic gas demand and aims to play a leading role in India’s transformation into a gas-based economy, its chairman has said. “GAIL is committed to ensuring that the domestic demand is well supplied and protected from price shocks. To do the same, GAIL is looking to grow its long-term volumes by at least 50% or 7-8 million metric tonnes per annum in a staggered manner till 2030,” GAIL chairman and managing director Sandeep Kumar Gupta told ET in an interview. The company is in talks with suppliers in several countries including the US, Qatar, the UAE, and other countries east of India, he added. Gupta, the former finance chief of Indian Oil Corp, took over as the chairman and managing director of GAIL last October in the middle of a global energy crisis that had cut off afifth of its LNG supplies after a former German unit of Russia’s Gazprom stopped supplying. “We managed well. The supply cut to our customers was much smaller as we brought in our US volumes to meet their demand,” said Gupta. After the global markets cooled off this year, the supplies resumed but GAIL has learnt its lessons.

The pan-Arab news network Al Jazeera has condemned a recent decision by Egyptian authorities to brand some of its journalists as terrorists

Reliance Industries (RIL) on Wednesday jumped 2% amid a report that billionaire Mukesh Ambani may rope in Qatar Investment Authority (QIA) to pick up a minority stake in Reliance Retail. Qatar’s sovereign wealth fund is in talks to buy stake in Reliance Retail and is said to be considering a $1 billionn investment giving it a stake of about 1% and valuing the business at around $100 billion, the Financial Times reported today. Following the news, RIL shares rallied 2% to hit day's high at Rs 2,533.45 on BSE.

Qatar Investment Authority (QIA) is looking to get a minority stake in Indian billionaire Mukesh Ambani's Reliance Retail Ventures, the Financial Times reported on Wednesday, citing sources. The QIA may consider picking a minority stake in RRVL, the FT report said, with a $1 billion investment giving it a stake of about 1 per cent and valuing the business at around $100 billion.

Former productivity commission chairman Peter Harris has dismissed suggestions that Australia can only sustain two airlines as the “height of absurdity”, declaring that resetting slots at Sydney Airport will boost competition and lead to better consumer outcomes.

COVID pandemic, but the virus continues to infect people in different parts of the world. A new case of MERS-CoV has been reported by the WHO in Abu Dhabi on Monday. According to the World Health Organisation, an adult in his twenties was diagnosed with potentially fatal Middle East Respidatory Syndrome Coronavirus (MERS-CoV) after he was admitted in hospital last month.

Following this, L'Equipe in France reported that PSG's owners from Qatar are open to accepting the proposal, which would shatter the current world transfer record for a football player. However, for the deal to materialize, they must convince Mbappe to switch teams. It is speculated that Al-Hilal is prepared to offer Mbappe an astounding €700 million ($776 million) for a single season, after which he would be free to join Real Madrid. This extraordinary sum would amount to a staggering €1 billion ($1.1 billion) in total, surpassing Lionel Messi's previous record for the highest-paid sports contract, Forbes reported citing CBS Sports' James Benge. Apart from Real Madrid and Al-Hilal, Spanish giant Barcelona, top English clubs like Manchester United, Chelsea, Tottenham and Italian side Inter Milan have shown keen interest in signing the French world cup winner, as per reports. Back in 2017, PSG set the current world transfer record when they activated Neymar's release clause at FC Barcelona, paying an eye-watering €222 million ($246 million). Mbappe's move to PSG in the same year had to be managed through a loan due to Financial Fair Play restrictions, as the club had already expended an enormous fee to secure Neymar's services. Subsequently, in the following year, Mbappe joined PSG permanently from Monaco for a total arrangement of €145 million ($160 million), with an additional €35 million ($39 million) in add-ons, making him the most expensive teenager in football history.

Transport Minister Catherine King says she will review whether Turkish Airlines can add more flights to Australia, blaming the carrier for failing to submit a formal request before it was set to announced expanded services.

Astra Air’ to air missile on the combat aircraft. The move, if implemented could prove to be a big step for the ‘Make in India’ initiative, wherein indigenously made weapons would be integrated into the globally popular fighter jet.  The French made Rafale Fighter jets are used by many countries including India, France, Egypt, Qatar and many others along with Greece, Croatia, UAE and Indonesia, have placed orders for these planes.

One of the world’s biggest airlines, Turkish Airlines, has been forced to put its plans of expanding services into Australia indefinitely on hold after it failed to win government approval in time for an expected launch of highly sought after capacity to Europe from Melbourne and Sydney.

Barbie' has been ruling at theatres across the world, but there is trouble brewing for the film in Pakistan, as Islamabad has taken a ban into consideration due to the film's LGBTQ+ themes. But the answer is not a definitive one because the movie is all the rage right now and something that has the audience's interest, but with many extremists opposing it, Pakistan's Punjab Censor Board has put a temporary ban on it due to what they consider «objectionable content.» According to Daily Pakistan, the ban on the movie will eventually be removed once the «objectionable content» is cut out of the movie.

Turkish Finance Minister Mehmet Simsek says Turkey and the United Arab Emirates have signed deals worth $50.7 billion, as President Recep Tayyip Erdogan rounds off a three-country tour of the Gulf

Australian tourism and airport operators say a decision to block Qatar Airways from expanding services into east coast cities will hurt consumers and businesses, rubbishing suggestions that the state-backed airline would distort the market for carriers trying to restore international capacity.

India has significantly improved its passport ranking by rising 5 spots from last years and is now ranked 80th in the latest Henley Passport Index. Owning to this, Indians can travel to 57 destinations completely visa free or visas on arrival arrangements.  However, it is to be noted here that India has scored poorly in mobility.