Qatar’s defense minister signed a letter of intent on Sunday to purchase 24 Typhoon jets from British defense group BAE Systems in a deal likely to be worth more than £2bn.
Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA) has injected $38bn of its $340bn reserves to support the country’s slowing economy resulting from an ongoing dispute with other Arab states, according to a report published by rating agency Moody’s.
As the Qatar crisis continues and mediations are reported to be deadlocked, it is taking a toll on the region’s wealth markets.
Five Arabian states, including Bahrain, Saudi Arabia, and the United Arab Emirates (UAE) are all shunning neighbouring Qatar over its alleged financial links to terrorism groups last month.
Lloyds Bank, Bank of Scotland, Halifax and Tesco Bank have stopped trading in Qatari riyals amid diplomatic tensions in the Gulf.
Barclays and four former executives were charged with fraud on Tuesday over agreements struck with Qatar during the 2008 financial crisis.
News and sports websites have poor levels of security against hackers compared to non-media industries, according to a report published on Friday in the Journal of Cyber Security Technology.
Pakistan International Airlines (PIA) will operate special flights to bring Pakistani passengers back from Doha after Saudi Arabia and four other Arab countries cut diplomatic ties with Qatar.
Six Arab nations, led by Saudi Arabia, have cut diplomatic ties with Qatar in a move that suggests a deepening rift between the Gulf leaders.
Orange Business Services’ has landed a multimillion dollar consulting deal with Qatari services provider Meeza for smart cities software in Doha.
The world’s longest non-stop flight landed in New Zealand this morning.