09 May 2021 - 10:13
The Cwallet operations team posing for a group photo.
The Peninsula
Cwallet, the innovative financial services app created by Qatar fintech startup, C Wallet Services W.L.L., is now valued at $3.5m after a highly successful Pre-Series A investment round. Investors including MBK Holding WLL, 360 Nautica LLC and Snoonu Holding, pushed Cwallet’s valuation up after the Pre-Series A funding round.
The investment, says Cwallet Chief Executive Officer and founder, Michael Javier, will enable the company to push forward towards meeting its strategic and operational goals, including achieving regulatory compliance for the app’s remittance and payroll features.
02 May 2021 - 11:05
QNA
Moscow: Ambassador of the State of Qatar to the Russian Federation H E Sheikh Ahmed bin Nasser Al Thani (pictured) said that the visit of Amir H H Sheikh Tamim bin Hamad Al Thani to Moscow in March 2018, and the talks His Highness held with HE the Russian President Vladimir Putin was the most important factor in developing ties between Qatar and Russia, noting that the fact that the two countries are World Cup hosts helped enhance cooperation in more fields.
In an interview with Russian daily Kommersant, he said that Qatar relies in its foreign relations on the principle of respecting sovereignty and non-interference in internal affairs.
29 Apr 2021 - 11:30
The Peninsula
The overall monthly Producer Price Index (PPI) of Qatar’s industrial sector for March 2021 was estimated at 60.8 points, showing an increase of 3.6 percent compared to the previous month’s PPI (February 2021).
When compared on year-onyear (Y-o-Y) basis, the PPI of March 2021 showed an increase of 23.6 percent against PPI of the corresponding month last year (March 2020), official data released by the Planning and Statistics Authority (PSA) showed.
The Mining sector PPI registered an increase of 4.5 percent in March 2021 compared with the PPI of February 2021, primarily due to the price increase of “Crude petroleum and natural gas” by 4.5 percent, and “Stone, Sand and Clay” increased by 0.1 percent.
28 Apr 2021 - 10:20
The Peninsula
Qatar’s foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus of QR13.2bn in March 2021, preliminary figures from the Planning and Statistics Authority showed.
The trade surplus in March decreased by nearly QR40m, or 0.3 percent, compared to February 2021. When compared to the corresponding month the previous year, it has increased by QR5.5bn, or 72.7 percent compared to March 2020.
The total value of exports of goods, including exports of goods of domestic origin and reexports, in March 2021 reached QR22.1bn, showing an increase of 38.2 percent compared to the same month in 2020.
(MENAFN - Gulf Times) Qatar s announcement that it will join hands with four other countries to form a ‘unique co-operative forum shows its commitment to the Paris Agreement on climate change and the goal of achieving net-zero emissions by 2050.
Besides Qatar, the other members of the ‘net zero producers forum are the US, Saudi Arabia, Canada, and Norway, which collectively represent 40% of global oil and gas production.
The forum will devise strategies, which include methane abatement and advancing the circular carbon economy approach.
The strategies also include development and deployment of clean-energy and carbon capture and storage technologies, diversification from reliance on hydrocarbon revenues, and other measures in line with each country s national circumstances.