Search Result for : Qatar

The Dollar Business Bureau  Oman has finished preparations for becoming a regional hub for exports and imports, after billions of rials of investment for the development of ports along the country’s coast line, according to a report. The Sultanate has also finished the technical and legislative systems that would facilitate the work of exporters and importers and attract domestic as well as foreign investments, said a report by Oman News Agency. Oman was one of the nations that is going to benefit from the restrictions put on Qatar by four gulf countries during a regional crises. One of the steps taken by the Arab nations is blockading the access of Qatar to their ports.  However, Doha has mitigated the blockade effect by deciding ...

The Dollar Business Bureau Iran will witness a sharp increase in its natural gas production and exports after easing of Western sanctions last year, Deputy Oil Minister of Iran, Amir Hossein Zamaninia said on Tuesday. The latest deals with global companies show that they believe the sanctions are not coming back, he added. Iran's gas output would increase to 1 billion cubic metres per day by this year end from the present 800 million cubic metres a day, said Zamaninia. The Minister further said the volumes currently available for exports with the country should rise to 365 million cubic metres per day by 2021, which is more than the exports of Qatar - the largest producer of liquefied natural gas in the world. Earlier this ...

The Dollar Business Bureau With the recent crisis in Qatar of boycotting Doha by four Arab nations, liquefied natural gas (LNG) exports from the country to the Asian countries including India, China, Japan and South Korea, have not to be impacted, said a Qatari official. “Exports of liquefied natural gas (LNG) to India, Japan, China and South Korea have not been affected by the boycott of Qatar by four Arab states, said Qatar’s Energy Minister Mohammed al-Sada on Monday. The Minister said that the exports from Qatar to the four Asian nations make up for around three-fourth of the country's overall exports. Qatar’s exports to the Bahrain, Saudi Arabia and the United Arab Emirates account for only 8%, al-Sada said in a statement. “Qatar remains committed to all its agreements with its partners and is determined to ...

The Dollar Business Bureau Due to adverse weather conditions, the production of mangoes declined around 70% and mango cultivators have suffered huge losses in Uttar Pradesh this year. Therefore, the exports of ‘king of fruits’ would likely to go down from the state. “This year mango production will be between 10 lakh tonnes to 15 lakh tonnes only. There is 70% drop in mango production as compared to previous year,” Insram Ali, President of All India Mango Growers Association (AIMGA) told PTI. Due to low output, the exports of mango from Uttar Pradesh are also negligible as the growers are unable to export it, Ali said. “Though some growers are exporting it, but overall exports of the fruit will be quite less, he added. “There ...

The Dollar Business Bureau The livestock farmers in India have prodded the Government to initiate measures in order to resume the exports of eggs to Qatar, which is now buying the commodity from EU and US at higher prices after the Gulf nation was isolated by its neighbours.  Before 2008, India was meeting 80% of Qatar’s requirements for table eggs. However, after the outbreak of bird flu (avian influenza) in 2006 and 2008 in the northern region of the country, Qatar banned poultry products from India including eggs, according to the Livestock & Agri Farmers Trade Association. Despite norms set by the World Organisation of Animal Health (OIE) to remove the ban after a surveillance of 90 days and to allow imports from ...

The Dollar Business Bureau  Qatar’s exports grew 18.4% to QR20.2 billion (about $5.49 billion) in May, on account of higher shipments of petroleum gases and other gaseous hydrocarbons such as LNG, propane, butane, etc.  “The overall value of exports of goods that include shipments of domestic origin as well as re-exporting of goods in May 2017, reached at around QR20.2 billion, witnessing a sharp increase of 18.4% (year-on-year) as compared to May last year, according to the latest data by the Qatar’s Ministry of Development Planning and Statistics.  On monthly basis, the country’s exports grew by 7.6% last month as compared to April, the data showed.  The increase in overall exports from Qatar was mainly backed by higher shipments of petroleum gases and other ...

Sheela Mamidenna Engineering exports from India to Qatar have been impacted after sanctions were imposed on Doha by some Arab countries, said Engineering Export Promotion Council (EEPC) India on Wednesday. Bahrain, Saudi Arabia, UAE and Egypt had last week announced the suspension of all relations with Qatar over the country’s alleged support for terrorist groups and its political closeness to the Shi’ite majority nation of Iran. Qatar denies these allegations. “Inputs from our engineering exporters indicate that shipping lines operating between India and Doha are keeping the containers on hold. A few such incidents have been reported from Jebel Ali and Krishnapatnam ports,” EEPC India said. Suranjan Gupta - Addl. Executive Director, International Trade Facilitation Centre, speaking to the Dollar Business confirmed that "some ...

The Dollar Business Bureau Credit rating agency S&P Global Ratings on Wednesday lowered the credit rating of Qatar by one level to AA- and put the country on a watch on concerns of further downgrading after four Gulf Arab nations severed ties with Doha.   “We believe this will exacerbate Qatar's external vulnerabilities and could put pressure on economic growth and fiscal metrics,” S&P Global said.  Saudi Arabia, Bahrain, Egypt and the UAE on Monday announced that they were severing diplomatic relations and closing air, land and sea links with Doha.   Saudi Arabia and its allies alleged that Qatar is providing support to extremist groups and serving the interests of Riyadh’s regional rival Iran, claims which Doha has strongly declined.   “At this ...