Three major champions and parade of LIV Golf stars in strong field for International Series Qatar
(Doha, Qatar, 19 November 2024) Major champions Patrick Reed, Louis Oosthuizen and Charl Schwartzel are among 18 LIV Golf stars in the field for International Series Qatar – the penultimate event of the season on both The International Series and the Asian Tour. The 2011 Masters champion Schwartzel and 2010 Open winner Oosthuizen, both from South Africa, will be joined by Stinger GC team-mates and compatriots Dean Burmester and Branden Grace for the second staging of the event, which takes place at Doha Golf Club from 27-30 November and this year has a $US2.5 million prize purse. One coveted spot on the LIV Golf roster is available to the rankings champion, while 32 places are also available on the season-ending LIV Golf Promotions event. International Series Macau presented by Wynn champion John Catlin from the United States leads the rankings, with in-form Richard T Lee – the recent BNI Indonesian Masters winner – sitting in second. Uihlein, New Zealand’s Ben Campbell, Chinese-Taipei’s Lee Chieh-po, and MJ Maguire from the United States all have a chance of catching Catlin over the closing stages. Catlin has a stronger lead on the Asian Tour Order of Merit but still has work to do if he is to secure the title for the first time. Hassan Nasser Al Naimi, Qatar Golf Association (QGA) President and Chairman of the Championship Organizing Committee, said: “With the tournament bringing elite-level golf and some of the biggest names in the sport for the second year in succession, we are witnessing another chapter in Qatar’s rich legacy in sports. This event aligns with Qatar National Vision 2030, showcasing our world-class facilities while inspiring future generations. The pathway to LIV Golf offers a unique opportunity for emerging talent in the region, further strengthening Doha’s position as the sports capital and a global hub for world-class events.” 4Aces GC star Reed from the United States, the 2018 Masters winner, is one of three former Ryder Cup players alongside fellow American Anthony Kim, a wild card this season, and Belgium’s Thomas Pieters of Range Goats GC. Other prominent LIV Golf stars include Range Goats GC’s American Peter Uihlein, the International Series England champion, talented Spanish youngsters David Puig and Eugenio Chacarra, both winners on The International Series in 2023, Crushers GC’s Indian star Anirban Lahiri and Caleb Surratt, the promising American from Jon Rahm’s Legion XIII. As the second event in a three-week run in between the US$2 million LINK Hong Kong Open and US$5 million season-ending PIF Saudi International powered by SoftBank Investment Advisers, the Qatar date will go a long way towards deciding The International Series Rankings. Rahul Singh, Head of The International Series, said: “The season is reaching an exciting conclusion, and the fact that it is happening in a three-week run across Hong Kong, Qatar and Saudi Arabia is conclusive proof that we truly are The International Series. “Anything could happen thanks to the points at stake in these three big-money, back-to-back tournaments. This is everything to the players challenging for the rankings title, and also for those hoping to make it to the LIV Golf Promotions event.” Cho Minn Thant, Commissioner & CEO of the Asian Tour added: “Bringing the Asian Tour to the Gulf region is always a highlight and further evidence of our strength as a brand in different important international markets. With so much at stake, it promises to be a wonderful weekend of golf, and Doha Golf Club is a fitting stage for this to play out.” International Series Qatar takes place at Doha Golf Club from 27-30 November to finish in line with the country’s traditional Friday-Saturday weekend. For tickets and further information, please visit www.internationalseries.com.
Al Mana Holding W.L.L, Signs exclusive Qatar dealership agreement with Geely Holding Riddara
Doha, Qatar — November 18th, 2024 — Al Mana Holding W.L.L., Qatar’s leading business enterprise, has signed an initial order agreement with Geely Holding’s electric pickup truck brand, Riddara, marking a significant entry into the Qatari market. The agreement represents a major milestone in the growth of electric vehicles (EVs) in the region, aligning with Al Mana Holding’s dedication to diversifying its automotive portfolio and supporting Qatar’s sustainable development goals. As part of the agreement, Al Mana Holding will serve as the exclusive dealer for Riddara’s electric pickup trucks in Qatar. Al Mana Holding’s industry-leading reputation and vast experience will play a crucial role for establishing a robust market presence for Riddara’s products in the country. Riddara’s electric pickup trucks are designed with advanced electric drive technology, intelligent vehicle systems, and a focus on efficiency and comfort, tailored to meet the demands of Qatari consumers. Mr. Steve Qingyang, the General Manager of Riddara International Business stated, “Partnering with Al Mana Holding marks a significant milestone for Riddara as we bring our intelligent and eco-friendly automotive solutions to Qatar. Our commitment to innovation and sustainability aligns perfectly with the needs of this dynamic market. We’re excited to introduce our range of electric vehicles, featuring advanced AI-driven systems and sustainable manufacturing processes. This collaboration will not only expand our global footprint but also contribute to Qatar’s transition towards cleaner transportation.” Mr. Xia Mo, the Regional Director of Riddara Middle East commented,” At Riddara, we are excited to sign this agreement to introduce our upcoming vehicle offerings. This partnership allows us to provide customized solutions that cater to the unique preferences of Qatar based consumers. Al Mana Holdings’ local insights will enable us to rapidly adapt to market demands and offer tailored mobility solutions. We are confident that our intelligent, eco-friendly vehicles will resonate with Qatar’s environmentally conscious and tech-savvy consumers.” This alliance is part of Al Mana Holding’s broader strategy to expand its electric vehicle offerings and aligns with its recent partnerships with other notable EV manufacturers, including VinFast and ZEEKR. These collaborations underscore the company’s commitment to leading the transformation towards electric mobility in Qatar and reinforcing its role as a key player in the region’s automotive industry. Mr. Hisham Saleh Al Mana, Chairman of Al Mana Holding, said,” We are thrilled to join forces with Riddara, a dedicated electric pickup truck manufacturer. This deal enables us to offer our customers in Qatar access to state-of-the-art automotive technology to our customers. Riddara’s commitment to innovation, particularly in AI-driven systems and electric powertrains, perfectly complements our vision to lead the automotive market into a greener future. We’re particularly excited about introducing Riddara’s unique customization options, allowing our customers to personalize their vehicles to an unprecedented degree.” The Riddara-Al Mana partnership also supports Qatar’s National Vision 2030, which emphasizes sustainability, environmental stewardship, and the reduction of carbon emissions. By introducing Riddara’s electric vehicles to the Qatari market, Al Mana Holding is actively contributing to the nation’s goal of promoting cleaner, more sustainable transportation solutions. Mr. Christopher Preston, Executive Director of Al Mana Holding, said,“Collaborating with Riddara allows us to expand our portfolio with innovative vehicles that meet the highest international standards for quality and sustainability. We look forward to bringing these exceptional products to our discerning clientele in Qatar. Riddara’s focus on intelligent manufacturing and their use of recycled and bio-based materials align with our commitment to reducing environmental impact. This partnership not only enhances our product lineup but also strengthens our position as a forward-thinking dealership committed to shaping the future of mobility in Qatar.” To ensure a seamless ownership experience for Qatari customers, Al Mana Holding will capitalize on its existing network of service centers, offering expert maintenance, repairs, and access to an expanding EV charging infrastructure. This commitment to customer satisfaction is key to establishing Riddara’s strong foothold in Qatar. The introduction of Riddara’s electric pickup trucks through this partnership marks a significant step in diversifying Qatar’s automotive market and offering more sustainable, future-oriented transportation choices. Furthermore, it positions Al Mana Holding at the cutting edge of the electric vehicle transition, solidifying its leadership role in Qatar’s automotive landscape.
Sidra Medicine Launches Masterclasses Ahead of Precision Medicine and Future of Genomics 2024 Summit
17 November 2024, Doha, Qatar – In anticipation of the upcoming Precision Medicine and the Future of Genomics 2024 Summit (PMFG 2024), Sidra Medicine, a Qatar Foundation entity, will host a series of specialized masterclasses from December 1-2, 2024 at its premises in Doha. These masterclasses are designed to provide healthcare professionals and researchers with practical skills and insights that align with core PMFG 2024 themes. Three masterclasses are open for registration: Participants will have the opportunity to learn directly from leading global experts, gaining hands-on knowledge in areas such as gene curation, genetic counseling, and the use of AI in Biomedical research. This prelude to the main PMFG 2024 Summit provides a unique platform for in-depth learning and networking among professionals invested in advancing precision medicine and genomics. Speakers and ParticipantsThe masterclasses will host several high-profile speakers and participants, including Dr. Marina DiStefano, (ClinGen Principal Investigator, Broad Institute/MIT, USA), Dr. Peter Owotoki, (Co-Founder and CEO of vitafluence.ai), and Dr. Ammira Al-Shabeeb Akil, (Principal Investigator and the lead of the Genetic and Metabolic Disorders Clinical Research Program at Sidra Medicine). Dr. Ammira Al-Shabeeb Akil, Principal Investigator, the organizer of the masterclasses and the lead of the Genetic and Metabolic Disorders Clinical Research Program at Sidra Medicine and Organizing Chair of PMFG 2024, said: “The masterclasses provide an immersive runup to PMFG 2024, focusing on actionable insights and hands-on sessions. Attendees will gain practical expertise that they can directly apply in their fields, as well as engage in collaborative discussions to advance precision medicine in the Middle East and beyond.” Connecting Practical Knowledge to Summit ThemesThese masterclasses deepen understanding of the themes spotlighted at PMFG 2024, running from December 3-5, 2024. Participants will explore genomics applications for personalized care, cutting-edge genetic therapies, and innovative diagnostic solutions which will create a cohesive learning experience in preparation for the Summit’s broader discussions on precision healthcare advancements. Register NowTo register for the PMFG 2024 masterclass, please visit: Precision Medicine and the Future of Genomics 2024 Summit – Master Classes – Online Single Registration. To register for the PMFG 2024 summit, please visit: Precision Medicine and the Future of Genomics 2024 Summit (PMFG 2024) – Online Single Registration.
Turkish stars Esra Bilgiç and Birkan Sokullu applaud 2024 Ajyal’s youth-centric focus
Doha, Qatar; November 17, 2024: Acclaimed Turkish actors Esra Bilgiç and Birkan Sokullu highlighted the 2024 Ajyal Film Festival’s distinctive focus on nurturing youth talent in cinema. “What makes Ajyal special is its commitment to nurturing young voices in film,” said Bilgiç. “As artists, we strive to be positive role models, and to contribute to building a world based on mutual respect and understanding. This festival’s emphasis on youth perspectives makes this particularly meaningful.” Sokullu, who is visiting the region for the first time, shared his perspective on representing Turkish culture internationally: “As actors, we serve as cultural ambassadors. By sharing our stories and traditions, we are representing our values and promoting stronger understanding . I feel a distinct connection to this at Ajyal, which brings together independent voices in cinema from around the world.” Both actors reflected on what they find most rewarding about their profession. “The ability to step into different lives, be empathetic and understand various perspectives is one the most fulfilling aspect of being an actor,” said Bilgiç. The actors said they are keen to explore the city’s cultural landscape. “We’re looking forward to visiting Doha’s museums and experiencing its rich cultural heritage,” said Sokullu. “The city’s blend of tradition and modernity is fascinating.” They said they feel very close to Arab films, and said they appreciate Arabic literature, poetry and culture. “The MENA region is one of our biggest viewing demographics. When we produce a cinematic work, we take into consideration the Arab viewers as well as international audiences, yet executing them in our unique creative way. Today, our works resonate with global audiences because human emotions are universal.” The actors also highlighted their new series, Doors of Destiny, produced by TOD Studios. The series, directed by Yunus Ozan Korkut, tells the story of a reclusive computer genius whose life transforms when he meets the enigmatic daughter of an influential Turkish figure. The series is exclusively available on TOD reaching audiences across the Middle East, North African countries, and Turkey. The 12th edition of Ajyal features 66 films from 42 countries, and includes several programs such as Voices from Palestine and the Intaj: From Ground Zero Experience exhibition. Ajyal 2024 continues through November 23 with screenings and events across various locations including Katara Cultural Village, Sikkat Wadi Msheireb, Lusail, and VOX Cinemas Doha Festival City. Tickets are available online at www.dohafilminstitute.com/filmfestival.
Msheireb Downtown Doha Welcomes More Than 1500 Attendees to Qatar’s Largest Outdoor Cybersecurity Event
Msheireb Properties’ first-ever outdoor cybersecurity conference, held in partnership with White Hat Desert (WHD), brought more than 1500 participants from across multiple sectors to Barahat Msheireb yesterday. The event featured 15 speakers, five specialized Cybersecurity Villages, and CTF “Capture the flag” competition to Barahat Msheireb, and representation from energy, banking, construction, healthcare, and broadcasting companies, setting a new benchmark for cybersecurity events in Qatar. “As a smart tech leader in Qatar, hosting this groundbreaking cybersecurity is part of our commitment to introducing technological innovation and digital safety among the community,” said Eng. Ahmed Al Korbi, Senior ICT Manager at Msheireb Properties, during his welcome remarks. “Through our sophisticated network of over 650,000 connected IoT devices and state-of-the-art Command and Control Centre, we understand firsthand the critical importance of cybersecurity in modern urban environments. This event demonstrates our dedication to sharing this knowledge with both industry professionals and general public in Qatar.” The morning industry session delivered comprehensive insights across four key themes: Emerging Threats, Artificial Intelligence, Risk Management, and Cyber Strategy. The event featured five distinct Cybersecurity Villages, each offering specialised experiences. The Digital Forensics & Incident Response village provided hands-on training with security experts, while the Application Security section offered a fundamental understanding of secure development practices. Participants engaged with offensive security methods in the Penetration Testing area and explored malware analysis in the Reverse Engineering section. The WHD Clinic served as a community hub for networking, while the Qatar Scientific Club showcased innovative demonstrations in robotics and electronics. The evening session transformed Barahat Msheireb into an interactive technology playground, featuring exciting competitions and demonstrations. Attendees witnessed Sumo Robot battles and high-speed drone racing competitions. Gaming enthusiasts participated in an intense Fortnite tournament while aspiring technologists engaged in circuit board-building workshops. Live hacking demonstrations captured the audience’s attention, providing real-world examples of cyber threats and defense mechanisms. “The diversity of activities and depth of expertise shared today reflects our commitment to making cybersecurity accessible to everyone,” added Eng. Al Korbi. “From the technical discussions about AI-driven attacks and ransomware in the morning sessions to the engaging family activities in the evening, we’ve succeeded in creating a comprehensive platform for cybersecurity awareness and education.” The event was supported by leading technology companies, with Malomatia, Microsoft, Google, TrendMicro and Zscaler among the key sponsors showcasing cutting-edge security solutions. The success of this inaugural outdoor cybersecurity event has already led to discussions about making it an annual fixture in Qatar’s technology calendar.
Invest Qatar Showcases Qatar’s dynamic investment and startup ecosystem at Web Summit Lisbon
Invest Qatar made a powerful impression at Web Summit Lisbon 2024, where it participated as a key partner. The organisation spearheaded a series of high-level business meetings and networking events, underscoring Qatar’s vibrant investment landscape and burgeoning startup ecosystem. A highlight of the summit was a panel discussion featuring Sheikh Ali Alwaleed Al-Thani, CEO of Invest Qatar, who delved into Qatar’s strategy for economic diversification during a session titled “MENA Money Moves: Qatar’s Growth Formula.” The insights offered a compelling look into the nation’s proactive approach to attracting global investment. Adding to its impactful presence, Invest Qatar hosted a masterclass that outlined the unparalleled opportunities for entrepreneurs to launch and scale their ventures within Qatar’s dynamic and supportive startup environment. Stay tuned for more updates as Qatar continues to position itself as a global hub for innovation and investment.
Qatar’s Economy Projected to Grow 2% in 2024, Driven by Tourism and Construction
Doha: Qatar’s economy is forecasted to grow by 2% in 2024, bolstered by stability in the hydrocarbon sector and robust growth in non-oil industries such as tourism and construction, according to Roberta Gatti, the World Bank’s Chief Economist for the Middle East and North Africa (MENA). Gatti attributed the growth to a strong start to the year in the tourism sector and the pivotal role of construction in driving non-oil economic activity. Qatar’s ongoing diversification initiatives, aligned with its third National Development Plan, are targeting sectors like tourism and IT to broaden the country’s economic base. Hydrocarbon Sector and LNG ExpansionWhile hydrocarbons remain a cornerstone of Qatar’s economy, Gatti highlighted the sector’s anticipated surge starting in 2026, when new liquefied natural gas (LNG) projects begin production. These developments are expected to significantly enhance Qatar’s long-term economic growth. Regional Growth OutlookFor the broader MENA region, the World Bank projects a moderate growth rate of 2.2% in 2024, up from 1.8% in 2023, with the Gulf Cooperation Council (GCC) countries leading the uptick. GCC economies are expected to see growth rise to 1.9% in 2024, driven by non-oil sector expansion, despite ongoing oil production cuts. Key Regional Highlights:Saudi Arabia: Non-oil private sector growth is projected at 4.4%, contributing to 51% of its economy in 2024.Developing Oil Importers: Growth is expected to slow to 2.1% in 2024, compared to 3.2% in 2023.Developing Oil Exporters: Growth is forecasted to decline from 3.2% in 2023 to 2.7% in 2024, with recovery expected in 2025.Challenges and Long-Term ProspectsGatti warned of challenges, including oil production limits, global economic uncertainties, and potential regional conflicts, which could dampen short-term growth. However, she forecasts an acceleration in MENA’s overall growth to 3.8% in 2025, driven by strengthened GCC economies, expected to grow at 4.2%. Qatar’s Diversified Growth PathQatar’s focus on developing its non-oil sectors, coupled with its strategic investments in LNG expansion, positions the country for sustained economic resilience and long-term growth. credit by SyndiGate Media Inc. (Syndigate.info).
QSE Index 14.1% Above May’s Lowest Level Despite Weekly Decline
Doha: The Qatar Stock Exchange (QSE) index ended the week with a 1.07% decline, losing 113.44 points to settle at 10,455 points, compared to last week’s close. The drop was primarily driven by the industrial sector, which saw the largest decline of 2.04%, followed by the services and consumer goods sector with a 1.09% decrease, and the real estate sector at 1.05%. Despite the weekly decline, financial markets analyst Youssef Bouhlaika highlighted that the QSE index is currently 14.1% higher than its lowest level on May 30, 2024, and 3.5% lower than its highest point in the past 52 weeks. Market Movements and Trading HighlightsBouhlaika noted that the QSE index is moving within a sideways range between 10,400 and 10,500 points, with a focus on maintaining support levels. Investors are closely watching the resistance range of 10,800 to 11,000 points as a potential breakout zone. In Thursday’s session, the general index rose 0.34%, gaining 35.04 points to close at 10,455 points, slightly recovering from Wednesday’s level. Key trading highlights from the session include: Ezdan Holding led trading volumes with 16.81 million shares traded.QNB stock topped liquidity activity with a total value of QR 49.8 million.Total trading values for the session increased to QR 389 million, up from QR 363 million on Wednesday.Trading volumes grew marginally to 134.59 million shares, compared to 133.34 million shares in the previous session.OutlookThe QSE index continues to navigate within a narrow range, seeking stability amid market pressures. Analysts suggest that breaching the resistance levels near 10,800-11,000 points could signal a bullish trend, while maintaining support at 10,400 points remains crucial for investor confidence.
Qatar Central Bank Issues Treasury Bills Worth QR 2.7 Billion
Doha: The Qatar Central Bank (QCB) has issued treasury bills valued at QR 2.7 billion, covering maturities ranging from 7 days to 350 days. The announcement was made via a post on the X platform on November 15, 2024. The distribution of the treasury bills is as follows: QR 500 million for 7 days (new issuance) at an interest rate of 4.9180%QR 500 million for 28 days (new issuance) at an interest rate of 4.8960%QR 500 million for 91 days (new issuance) at an interest rate of 4.8370%QR 500 million for 168 days (tap issuance) at an interest rate of 4.7830%QR 500 million for 273 days (new issuance) at an interest rate of 4.7340%QR 200 million for 350 days (tap issuance) at an interest rate of 4.7120% Robust Demand in AuctionThe QCB revealed that the total auction bids for the treasury bills reached QR 10.5 billion, indicating strong demand from investors for these government securities. Treasury bills are short-term financial instruments that play a key role in managing liquidity within the banking sector, supporting monetary policy objectives, and fostering a stable financial environment.
Resilient Global Economy Defies Odds Amid Challenges
Doha: The global economy is poised to deliver a stable growth rate of 3.2% in 2024, demonstrating remarkable resilience despite facing significant challenges earlier in the year. This rate, although lower than the historical average of 3.6% between 2000 and 2023, remains comfortably above the 2.5% recession threshold, according to QNB’s latest economic commentary. Forecasts for 2025 mirror this stability, with growth expectations also pegged at 3.2%. The World Economic Outlook (WEO), a flagship report by the International Monetary Fund (IMF), highlights the underlying factors sustaining global growth, offering a unified perspective on global trends, risks, and opportunities. Key Drivers of Stability Even amid uncertainties like regional conflicts, fluctuations in commodity prices, and China’s property market challenges, these measures are expected to stabilize growth and mitigate potential risks. In the absence of severe trade conflicts, international trade is likely to continue boosting global productivity and investment, reinforcing economic stability in the short term. Outlook for 2024 and BeyondThe interplay of steady growth across economies, proactive monetary policies, and resilient trade flows ensures the global economy remains on a stable trajectory. While risks such as inflationary pressures, financial market volatility, and geopolitical uncertainties persist, the resilience demonstrated thus far offers an optimistic outlook for 2024 and 2025.
