Qatar Chamber explores strengthening ties with Islamabad Chamber
This came during a meeting between Dr. Mohamed bin Jawhar Al Mohamed, Board Member of Qatar Chamber, and Nasir Mansoor Qureshi, President of the Islamabad Chamber of Commerce and Industry, held on the sidelines of the Pakistan International Property Exhibition, which took place on Friday and Saturday, July 25–26, 2025, at Holiday Inn Doha.
Dr. Mohammed bin Johar Al Mohammed and Nasser Mansour Qureshi toured the exhibition, during which they explored its various sections and learned about the products and services offered by the participating Pakistani companies.
Dr. Al Mohamed praised the strong fraternal relations between the State of Qatar and the Islamic Republic of Pakistan, especially in the economic and commercial fields.
He pointed out that bilateral relations have witnessed significant development in recent years, particularly in trade and investment.
The volume of trade exchange between Qatar and Pakistan reached about QR12.7bn in 2024.
This reflects the strength of economic ties and the great potential for expanding cooperation.
He emphasized the vital role of the private sector in driving cooperation between the two countries, calling on businesspeople from both sides to capitalize on available opportunities and strengthen communication to establish strategic partnerships across various sectors.
Dr. Al Mohamed also highlighted Qatar's attractive investment climate, modern infrastructure, and investment-friendly legislation, which make it an ideal destination for foreign investments.
He invited Pakistani investors to explore the promising opportunities in the Qatari market.
For his part, Nasir Mansoor Qureshi praised the strong ties between the two countries across various sectors, particularly in economy and trade.
He also commended the distinguished relationship between Qatar Chamber and ICCI and the mutual desire to strengthen and develop it in ways that reflect positively on bilateral trade relations.
© Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fintech News ME
23 minutes ago
- Fintech News ME
Lean Technologies Among First to Gain UAE Approval Under New Open Finance Framework
Lean Technologies, a financial infrastructure provider based in the MENA region, has received In-Principle Approval (IPA) from the Central Bank of the UAE under the country's new Open Finance Framework. The IPA positions Lean as one of the first companies to offer regulated Open Finance services in the UAE, advancing its path toward full licensing. The approval comes as demand grows for faster, more transparent, and personalised financial services. Open Finance enables users to make payments, access credit, and manage finances through connected systems. Lean's infrastructure aims to support this shift by offering features such as instant account-to-account payments, quicker loan approvals, and financial tools built around data access and control. 'Open Finance is more than a technology upgrade. It's a foundation for a smarter, more innovative economy,' said Hisham Al-Falih, CEO and Co-Founder of Lean Technologies. 'By connecting customers, regulators, and businesses on a single, interoperable infrastructure, we're directly supporting the UAE's vision for a world-class digital financial system.' Since its founding, Lean has worked with regulators, banks, and fintechs to develop financial connectivity in the region. The company reports handling over US$2 billion in transaction volume and linking more than 1 million customer accounts. Its infrastructure underpins a range of use cases including payments, lending, and personal finance. 'With this approval, we're not just expanding our capabilities, we're expanding access,' Al-Falih added. 'We're enabling more people and businesses to participate fully in the digital economy.' Lean also supports the AlTareq initiative, a national programme to implement Open Finance infrastructure across the UAE. Its systems comply with ISO 27001 and SOC 2 standards and have demonstrated consistent API uptime and performance at scale. In 2022, Lean became the first third-party provider to receive a Financial Services Permission from Abu Dhabi Global Market (ADGM). It also joined the Saudi Central Bank's regulatory sandbox that year. The company has raised over US$100 million from investors including General Catalyst and Bain Capital Ventures and is expanding its regulated services across the Gulf region.
Zawya
23 minutes ago
- Zawya
Nakilat and KEXIM launch first financing package for 25 Korean built conventional LNG vessels
DOHA: Nakilat has launched the first financing package with the Export-Import Bank of Korea (KEXIM) for 25 conventional Korean-built LNG vessels that will be fully owned and operated by Nakilat. This initial financing launch follows the signing of a Memorandum of Understanding (MOU) between the Company and KEXIM and marks a significant milestone in the Company's strategic growth and international collaboration. The partnership represents a pivotal step in Nakilat's long-term strategy to expand its fleet with cutting-edge LNG carriers, and to support QatarEnergy's historic LNG shipbuilding program and its LNG expansion project. The agreement underscores the strong economic ties between Qatar and the Republic of Korea, while enabling Nakilat to secure financing for the construction of new vessels at leading Korean shipyards. Eng. Abdullah Al-Sulaiti, the Chief Executive Officer of Nakilat, stated: 'Through this partnership, Nakilat has secured vital financial resources for the fleet expansion, which reflects the strong belief in our financial stability and strategic operational capabilities. This collaboration highlights Nakilat's strong commitment to leveraging international partnerships to advance its global market position and support Qatar's position as a global leader in the LNG industry.' KEXIM's participation, as a Korean government-backed financial institution, represents a strong endorsement of Nakilat's project. It provides a layer of financial assurance, contributing to secure necessary funding for Nakilat's Ship building requirements despite global market volatility and geopolitical risks. Renowned for its rigorous standards, KEXIM undertakes thorough financial, technical, and legal due diligence before committing to any project. Its involvement serves as a catalyst, encouraging broader participation from other financial institutions in future debt tranches. This collaboration also builds on a strong precedent, as KEXIM was the initial financier for Nakilat's first round of fleet financing in 2006, which included 25 LNG carriers. This renewed partnership reflects a continued legacy of trust and cooperation. With the vessels being constructed in Korea, securing the initial financing package from KEXIM positions the project as a full-cycle, government-backed export finance initiative, reinforcing its credibility and attractiveness to investors. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Khaleej Times
23 minutes ago
- Khaleej Times
73 screens in Abu Dhabi urge motorists to pay traffic fines early, get 35% discount
As part of ongoing efforts to enhance road safety and make life easier for drivers, Abu Dhabi Police has launched a new initiative called 'act now and benefit'. This campaign brings valuable information directly to motorists through visual displays on 73 Adnoc petrol station screens across Abu Dhabi, Al Ain, and the Al Dhafra region and has been rolled out in collaboration with Adnoc Distribution and Pixus, Pay fines early, save money For drivers, the biggest advantage of the campaign is the opportunity to save money. If motorists pay traffic fines within 60 days, they receive a 35 per cent discount. Even if they miss that window, they can still benefit from a 25 per cent discount if they settle the fine within one year of the violation date. These discounts apply to most violations, excluding only those classified as dangerous. This gives motorists a clear incentive to act early, avoid accumulating penalties, and manage their legal obligations in a flexible, budget-friendly way. Easy, flexible payment options Abu Dhabi Police has also made paying fines easier. Through digital platforms, debit options, and even instalment plans, drivers now have access to smart and convenient payment channels that work around their schedules. This not only reduces the stress of handling fines but also supports a smoother, more efficient system for everyone. Technology used in the campaign The awareness campaign uses modern, on-the-ground media to reach drivers directly. By broadcasting the message on Adnoc station screens, places motorists already visit, the police ensure that more people learn about the initiative and take advantage of the benefits it offers. The initiative also encourages responsible driving. By making it easier and more affordable to clear fines, it motivates drivers to stay on the right side of the law, contributing to fewer repeat offenses and safer roads for all. Colonel Mahmoud Youssef Al Balushi of the Abu Dhabi Police emphasised that the campaign is part of a broader mission to raise public satisfaction by offering efficient, accessible services that lighten the financial burden on drivers. Similarly, Colonel Dr Eng Muslim Mohamed Al Janibi noted that the campaign is about educating the public, not just about the discounts, but also about the multiple ways they can settle fines quickly and easily.
