Exchange Rates in Qatar -1

Currency Buying Selling Korean Won N/A 0.00310 Moroccan Dirham N/A 0.39180 Malayasian Ringgit 0.73140 0.79000 Norwegian Krona 0.31910 0.37660 New Zealand Dollar 2.19350 2.32230 Philippine Peso 0.05800 0.06410 Pakistani Rupee N/A 0.01360 Swedish Krona …


Currency Buying Selling Korean Won N/A 0.00310 Moroccan Dirham N/A 0.39180 Malayasian Ringgit 0.73140 0.79000 Norwegian Krona 0.31910 0.37660 New Zealand Dollar 2.19350 2.32230 Philippine Peso 0.05800 0.06410 Pakistani Rupee N/A 0.01360 Swedish Krona 0.32640 0.38390 Singapore Dollar 2.66070 2.77930 Tunisian Dinar N/A 1.25530 Turkish Lira 0.10210 0.12210 U.S. Dollar 3.63000 3.65000 South African Rand N/A 0.21760

Source: Qatar News Agency

Qatar Makes Significant Progress in Establishing Green Economy

Doha: Within its tireless endeavors to develop a diversified economy and achieve sustainable development in the country, the State of Qatar has made significant progress as well as huge and rapid steps towards establishing a green economy capable of k…


Doha: Within its tireless endeavors to develop a diversified economy and achieve sustainable development in the country, the State of Qatar has made significant progress as well as huge and rapid steps towards establishing a green economy capable of keeping pace with global changes by launching a set of strategies and initiatives covering all components of the national economy.

The State of Qatar places environmental and sustainability issues on the list of key priorities within its National Vision 2030 and in its development strategies to preserve the use of resources in a way that ensures their existence for future generations. This includes the use of renewable energy sources, reducing water and energy consumption, improving energy efficiency in industrial processes, and focusing on achieving balance between human needs and preserving the environment, which enhances green economy trends.

The Ministry of Finance’s recent announcement of the issuance of green bonds totaling USD 2.5 billion, the first of it
s kind in the region, marks the entry of the State of Qatar into a new phase of funding environmentally friendly projects aimed at combating the negative effects of climate change and protecting the environment through sustainable development.

This initiative and other projects and initiatives in the field of sustainability and environmentally friendly solutions confirm that the State of Qatar is moving forward rapidly and steadily on the path to becoming an exceptional center in the region for the green economy model, in line with its international commitments and with the perspective set by its National Vision 2030 to achieve a sustainable balance between economic and social development and environmental conservation.

Qatar’s issuance of green bonds was preceded by many other strategies and initiatives, including the energy sector as one of the fundamental pillars of the national economy. QatarEnergy launched its updated Sustainability Strategy, which outlines multiple initiatives to reduce Greenhouse Gas
es emissions, including flagship projects such as the further deployment of carbon capture and storage (CCS) technology to capture over 11 million tons per annum of CO2 in Qatar by 2035.

The strategy will further reduce the carbon intensity of Qatar’s LNG facilities by 35 percent, and of its upstream facilities by at least 25 percent (compared to previous targets of 25 percent and 15 percent, respectively) bolstering Qatar’s commitment to responsibly supply cleaner LNG at scale in support of the energy transition.

Furthermore, QatarEnergy will continue pursuing efforts to advance the midterm targets of increasing solar capacity to over 5 GW and eliminating routine flaring and limiting fugitive methane emissions along the gas value chain.

Source: Qatar News Agency

QSE Index Rises to 9,696 Points at Start of Trading

Doha: The general index of Qatar Stock Exchange (QSE) rose 29 points, or 0.30 percent, at the beginning of trading on Wednesday, reaching 9,696 points, compared to Thursday’s closing.

The QSE general index showed a positive performance in all sectors…


Doha: The general index of Qatar Stock Exchange (QSE) rose 29 points, or 0.30 percent, at the beginning of trading on Wednesday, reaching 9,696 points, compared to Thursday’s closing.

The QSE general index showed a positive performance in all sectors: Telecoms by 1.52 percent; Transport by 0.71 percent, Insurance by 0.45 percent; Real Estate by 0.40 percent; Industrials by 0.19 percent, Banks and Financial Services by 0.07 percent, and Consumer Goods and Services sectors by 0.02 percent.

At 10:00 am, QSE registered trading of 17.476 shares in 2,133 transactions valued QR 53.382 million.

Source: Qatar News Agency

Qatar Makes Significant Progress in Establishing Green Economy -1

The State of Qatar’s interest in the green economy is also evident through its efforts to establish a culture of sustainability and environmental preservation by working to increase the recycling process, reduce the use of natural resources and carbon…


The State of Qatar’s interest in the green economy is also evident through its efforts to establish a culture of sustainability and environmental preservation by working to increase the recycling process, reduce the use of natural resources and carbon emissions, and preserve biodiversity, which contribute to reducing negative impacts on the climate, achieving a balance between human needs and preserving environment for future generations.

The Ministry of Municipality has reached advanced stages in the process of recycling, waste treatment and utilization as it manages the solid waste treatment plant and its transfer stations and sanitary landfills for waste and recycling in accordance with international specifications and standards, in addition to developing the necessary plans and strategies for handling solid waste to ensure public health and safety.

In the context of the successes achieved by the State of Qatar with regard to recycling, Qatar managed to recycle all waste generated during the FIFA World C
up Qatar 2022 by achieving a 100 percent recycling rate, marking the first time this rate was achieved in the history of previous World Cup events.

According to data from the National Planning Council, the total number of new projects subject to environmental impact assessment increased from 2,428 projects in 2021 to 2,676 projects in 2022, reflecting a growing environmental focus alongside developmental progress.

These projects subjected to assessment in the past year included 572 large projects, 1,433 small and medium-sized projects, and 671 industrial projects.

Statistics also indicate that 99.8% of treated wastewater in 2022 met environmental standards. Treated wastewater was utilized for agricultural irrigation, with a total of 76.13 million cubic meters used annually. Additionally, 113.34 million cubic meters of treated wastewater were used for landscaping irrigation, while around 50.60 million cubic meters were injected into underground reservoirs annually.

The environment is a vital issue for the
state’s economic growth direction and perspective. Qatar’s National Vision 2030 focuses on achieving true sustainability in the areas of environment, economy, and society. Within this context, the pillars of sustainability are part of the Expo 2023 Doha’s theme, encompassing the following: Economic Pillar: Investing in innovative agricultural technologies, Social Pillar: Strengthening the connection between humans and nature to increase awareness, and Environmental Pillar: Transforming dry and barren lands into agricultural and forested areas.

Model projects and sustainable cities, such as Lusail City, Msheireb Downtown Doha, and Pearl Island, highlight the efforts of the State of Qatar in this field as a model for sustainable cities. Qatar has pumped huge investments into these cities and regions to provide green infrastructure and smart technologies to control energy consumption. In this context, Lusail seamlessly integrates smart technologies with energy-efficient buildings to intelligent transportation s
olutions, while Msheireb Downtown Doha weaves smart infrastructure into its fabric to establish a connected and environmentally conscious urban center.

Source: Qatar News Agency

Omani Oil Price Up USD 1.09 PB

The official price of Oman oil for delivery next August, on Wednesday rose USD 1.09 to reach USD 84.46 per barrel (PB).

The average monthly price of Omani crude oil for June delivery reached USD 89.30 per barrel, an increase of USD 10.81 compared to …


The official price of Oman oil for delivery next August, on Wednesday rose USD 1.09 to reach USD 84.46 per barrel (PB).

The average monthly price of Omani crude oil for June delivery reached USD 89.30 per barrel, an increase of USD 10.81 compared to the price for delivery in May. 2024.

Source: Qatar News Agency

Kuwait Oil Price Up USD 1.21 to USD 85.71 PB

The price of Kuwaiti oil went up by USD 1.21 to USD 85.71 per barrel on Tuesday as opposed to USD 84.50 pb last Friday, said Kuwait Petroleum Corporation (KPC) on Wednesday, according to Kuwait news agency (KUNA).

Meanwhile, the prices of the Brent C…


The price of Kuwaiti oil went up by USD 1.21 to USD 85.71 per barrel on Tuesday as opposed to USD 84.50 pb last Friday, said Kuwait Petroleum Corporation (KPC) on Wednesday, according to Kuwait news agency (KUNA).

Meanwhile, the prices of the Brent Crude and West Texas Intermediate globally went up by USD 1.08 and USD 1.24 each to settle at USD 85.33 per barrel and USD 81.57 pb respectively.

Source: Qatar News Agency