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July 26, 2017

Qatar Airways has reaffirmed its status as one of the world's safest airlines, acing its 2017 International Air Transport Association (IATA) Operational Safety Audit (IOSA).

The Doha-based carrier announced Monday that it once again achieved 100 percent compliance.

Qatar"...

 

'No Serious Impact From Qatar Ban on Container Volumes,' Says DP World
July 27, 2017

DP World gross container volumes jumped in the second quarter as its regional operations shrugged off the impact of disruption to cargo shipments to Qatar.

The Dubai state-owned ports operator said second-quarter gross container volumes gained 10.7 percent year-on-year on a reported basis and 10.4 percent on a like-for-like basis.

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Qatar banks see foreign deposits fall most in two years amid diplomatic row
July 27, 2017

Foreign deposits at Qatar’s banks fell the most in almost two years last month as customers withdrew funds following a diplomatic row with four Arab nations led by Saudi Arabia.
Non-resident deposits with the 18 lenders in the world’s biggest liquefied natural gas exporting nation dropped 7.6 per cent to 170.6 billion Qatari riyals (Dh172.63bn) in June from a month earlier, according to data"...

 
 
* Qatar Airways boosts Colombo service to four daily non-stop flights from 1 August
July 27, 2017

Qatar Airways has announced it will introduce a fourth daily non-stop service from Doha to Colombo from 1 August, 2017. In addition, two of the four daily flights will be serviced by the B777-300ER aircraft to accommodate the increased travel demand to and from Sri Lanka.

The increased frequency and aircraft upgauge will boost overall"...

 
July 27, 2017

The United Arab Emirates will import the country's first oil cargo from the United States, two sources familiar with the matter said, as the OPEC producer sought substitutes to replace Qatari condensate supplies after a diplomatic row.

The UAE halted condensate imports from Qatar after it, along with Saudi Arabia, Egypt and Bahrain, severed diplomatic and transport ties with Qatar after accusing it of destabilizing regional security, a claim denied"...

 
 
July 27, 2017
Muhibbah Engineering (M) Bhd has received full payment for a previous completed project in Qatar, says its group finance director Shirleen Lee. Speaking after Muhibbah's presentation at Invest Malaysia 2017 yesterday, Lee said that despite the diplomatic embargo by Saudi, Bahrain, Egypt and UAE on Qatar early last month, 'business is as usual in Qatar.' 'Qatar sovereign rating is one of the highest, being a nation with the highest income per capita in the world. “Hence, we are confident that there will be no issues on payment collection for our Qatar-based projects,' she said. The payment made was regarding the variation orders and claims for the construction of a catering facility for the Hamad International Airport in Qatar, formerly known as the New Doha International Airport. Going forward, as an established contractor with more than 10 years track......