Page 6 - Qatar

Qatar sovereign fund in talks for $1 billion stake in Reliance Retail

Qatar's sovereign wealth fund is in early discussions to buy a minority stake in billionaire Mukesh Ambani's rapidly expanding retail unit for about USD 1 billion (Rs 8,200 crore), sources said. The Qatar Investment Authority is keen on tapping the fast-growing Indian market and has entered into a discussion to buy about 1 per cent stake in Reliance Retail Ventures, sources with knowledge of the matter said. Talks, sources said, are at a preliminary stage and being led by an executive director on the board of parent Reliance Industries Ltd. If successful, QIA would follow the footsteps of sovereign wealth funds of other oil-rich Gulf nations which picked up stake in Reliance Retail Ventures in 2020. While Saudi Arabia's Public Investment Fund (PIF) invested USD 1.3 billion for a 2.04 per cent stake in Reliance Retail Ventures, Abu Dhabi Investment Authority (ADIA) put in Rs 5,513 crore for a 1.2 per cent stake. The UAE's Mubadala invested Rs 6,248 crore for a 1.4 per cent stake. T

Qatar sovereign fund in talks for minority stake in Reliance Retail

RRVL valued at $100 bn by JM Financial; Reliance group looking to unlock potential of its telecom unit too

Legal process for former Indian Navy sailors in Qatar started: MEA

India has been given consular access to the eight men on a couple of occasions, and some of their relatives were allowed to meet them

State-run QatarEnergy to acquire 25% stake in major gas project in Iraq

QatarEnergy, the Gulf country's state-run petroleum firm, said Wednesday it has agreed to buy a 25 per cent stake in a massive gas project in Iraq, marking the rare entry of a major producer into a market that Western firms have pulled back from in recent years. The Gas Growth Integrated Project, launched by French oil giant Total in 2021, aims to develop facilities to recover natural gas from several oil fields in southern Iraq. That's where it is currently being flared when the natural gas released through oil production is burned and released into the atmosphere. The project also aims to treat seawater for injection into oil reservoirs to boost production. Total maintains a 45 per cent share of the project, while Iraq's Basra Oil Company owns 30 per cent. QatarEnergies said the total investment in the project would be around USD 10 billion. We are pleased to be part of this significant development, which is important for Iraq's energy sector, Saad Sherida Al-Kaabi, the Minister

Efforts on to secure release of former Navy personnel from Qatar: MEA

India on Thursday said it attaches "high priority" to secure early release of eight former Indian Navy personnel who are in detention in Qatar for over six months. The Qatari authorities have not yet publicly made any charges against the Indians who were working for private firm Dahra Global Technologies and Consultancy Services. "We attach high priority to the matter. There are continuous efforts by our embassy for resolution of the matter so that early return and repatriation can take place of the detained Indian nationals," External Affairs Ministry spokesperson Arindam Bagchi said at his weekly media briefing. He was responding to a question on the matter. "Our embassy has been seeking consular access. I think one more request is pending so that they can ascertain the welfare and well-being of our nationals and the family meetings and family visits are continued to be facilitated," Bagchi said. Indian officials have been given consular access to the eight men on a number of ..

Singapore's Changi snatches back 'World's Best Airport' crown from Qatar

The Asian hub edged Doha's Hamad International Airport into second place, with Tokyo's Haneda Airport bagging third, in the Skytrax World Airport Awards 2023

Qatar lifts temporary ban on import of frozen seafood from India

The ban was imposed last year in November just ahead of the FIFA World Cup following the alleged detection of Vibrio cholera from a few consignments from India

FIFA reserves at $4 billion after World Cup success; more to come in 2026

FIFA had reserves of almost USD 4 billion after a financially successful 2022 World Cup in Qatar, and booming hospitality and ticket sales at the 2026 tournament in North America are expected to add billions to the income of soccer's international governing body. FIFA detailed "exceptionally robust" finances in its 2022 annual report late Tuesday that saw the annual bonus of President Gianni Infantino rise by 620,000 Swiss francs (USD 673,000). His pre-tax base salary and bonus package totalled 3.6 million Swiss francs (USD 3.9 million) plus more FIFA-paid expenses and benefits. At the World Cup in November, FIFA announced record revenue of almost USD 7.6 billion for the four-year commercial cycle through 2022 that is mostly earned by the men's World Cup. FIFA said its reserves stood at USD 3.97 billion at year's end compared with USD 1.6 billion through 2021. "FIFA's financial position remains exceptionally robust and sustainable with a substantial cash base and sufficient reserve

Qatari investors set to make an offer for Manchester United in coming days

The Qatari consortium is preparing to submit an initial bid for the English Premier League football club by the end of the week, the people said

Petronet seeks additional LNG of 0.75 to 1 mn tonnes from Qatar, says CEO

India's top gas importer Petronet LNG is seeking additional Liquified Natural Gas (LNG) of 0.75 to one million tonnes per annum (mtpa) from Qatar, the company's Chief Executive A.K. Singh said

Qatar announces $25 mn aid to help Pakistan deal with flood crisis

"It was sad to see the scale of this devastating disaster, the loss of lives, and the painful scenes of destruction caused by the floods in Pakistan," said Qatar's Minister of State for Foreign Affair

Landmark gas deal with Qatar gives China unprecedented control over energy

The conclusion of this accord is generally seen as a significant coup for China, which managed to beat other EU countries - like Germany - in the race to secure natural gas

David Beckham tripled revenues to $40.9 million in 2021 before Qatar deal

After the reporting period closed, the retired footballer faced public criticism for agreeing to promote Qatar despite concerns around the treatment of migrant workers

South Asian migrant workers wary of life after FIFA World Cup in Qatar

Workers from India, Bangladesh, Pakistan, Nepal and Sri Lanka helped build many of Qatar's eight stadiums, and to fill them for the matches

Messi-Ronaldo GOAT tale comes to an end: Game over, football is complete

FIFA World Cup final was about the man who has inspired a new category to describe brilliance: "Apart from Messi"

Argentina lifts WC and Qatar's building frenzy reaches its day of reckoning

As Qatar returns to its sleepier pace after Argentina triumphed in Sunday's final of a controversial, yet often breathtaking football World Cup, the next challenge is already upon the nation

More questions than answers as EU-Qatar corruption scandal unfolds

No one answers the door or the phone at the offices of the two campaign groups linked to a cash-for-favours corruption scandal at the European Union's parliament, allegedly involving Qatar. No light is visible inside. No Peace Without Justice (NPWJ), a pro-human rights and democracy organisation, and Fight Impunity, which seeks to bring rights abusers to book, share the same address, on prime real estate in the governmental quarter of the Belgian capital. The heads of the two organizations are among four people charged since December 9 with corruption, participation in a criminal group and money laundering. Prosecutors said in a statement that they suspect certain European lawmakers and aides were paid large sums of money or offered substantial gifts to influence parliament's decisions. Qatar rejects allegations that it's involved. The Gulf country that's hosting the soccer World Cup has gone to considerable trouble to boost its public image and defend itself against extensive ...

Qatar's $300 bn Fifa World Cup 2022 headed for an epic culmination

The inevitable question is whether the extravaganza was all worth it - even for a host with a seemingly bottomless pit of money

Hard truths about soft power

The sub-optimal outcomes of Qatar's image management project hold salutary lessons for India

Fifa WC Highlights: Morocoo beat Spain on penalties, enter last 8 1st time

Fifa World Cup Round of 16, Morocco vs Spain Highlights: Morocco created history as they became the fourth African nation to qualify for World Cup quarterfinals after they beat Spain 3-0 in shoot-out