AGP Executive Report

Investment: AI firm ALPHA10X secured $5 million as it moved its international headquarters to Doha. Qatar Investment Authority says it is maintaining its investment pace while focusing on long-term opportunities. Energy: QatarEnergy is securing LNG supplies against disruption in the Strait of Hormuz, including a 20-year deal to buy up to 3 million tonnes a year from Woodside’s US project. Company results: Gulf International Services reported QR145 million in nine-month profit, while Mannai’s profit rose 54% to QR156 million. AlRayan Bank posted QR978 million in nine-month net profit. Markets and property: Qatar’s stock exchange regained buying momentum, and Cityscape Qatar put investor confidence and sustainable growth in the spotlight. Small business: Talabat launched talabat grow in Qatar with Qatar Science & Technology Park to help local restaurants manage business pressures.

Energy: QatarEnergy signed a 20-year deal to buy up to 3 million tonnes of US LNG a year from Woodside’s Louisiana project, part of a broader push to secure supply as Hormuz disruptions persist. Investment: The Qatar Investment Authority is doubling its New York staff as it expands its US presence, while Qatar’s new Global Investment Action Framework was among outcomes of the World Investment Forum in Doha. Capital Markets: QNB completed share allocations for Dandy’s QR206.4 million IPO; trading on the Qatar Stock Exchange is expected to begin in November. Real Estate: Cityscape Qatar opened with more than 400 projects, with officials and industry leaders pointing to investor confidence and sustainable growth as priorities. Markets: The Qatar Stock Exchange ended its losing streak, recovering buying momentum as liquidity increased.

Markets: Qatar Stock Exchange rose 6.27% this week to 9,151, ending a run of weekly declines as transport and financial stocks led gains. Energy: QatarEnergy agreed to buy up to 3 million tonnes of US LNG a year from Woodside for 20 years from 2030, part of a strategy to hedge against possible Strait of Hormuz disruptions; it has also joined TotalEnergies and PETRONAS in Guyana’s offshore Block S4 venture. Investment: Cityscape Qatar showcased more than 400 real estate projects, while Doha’s World Investment Forum unveiled a global investment action framework and spotlighted financing for AI infrastructure. Corporate: Estithmar reported stronger third-quarter earnings and QR1.4bn in growth investments. AlRayan Bank posted QR978m in nine-month profit, and Mannai’s profit rose 53.8% to QR156m.

Markets & Earnings: Qatar Central Bank kept interest rates unchanged. AlRayan Bank reported QR978mn in nine-month net profit, while Estithmar Holding posted stronger third-quarter earnings and advanced QR1.4bn in growth investments; Qatar Insurance revenue rose 14% to QR7.4bn. Investment & Property: Cityscape Qatar opened with more than 400 projects alongside the Qatar Real Estate Forum, as Doha Investment expanded its active asset management initiative to QR5bn. Property sales reached QR1.75bn in September. Trade & SMEs: Qatari and Egyptian business leaders discussed joint investments, with Egypt planning a dedicated unit to support Qatari investors. Talabat and Qatar Science & Technology Park launched a programme to help 180 local restaurants grow. Energy & Trade: QatarEnergy extended LNG force majeure through the end of 2026 amid regional supply disruption, while securing US LNG supplies from Cheniere through 2054. Pakistan is weighing a revised Qatar LNG offer covering 66 cargoes a year, pending government approval.

Financial Regulation: Qatar’s Cabinet approved draft amendments to the Qatar Financial Markets Authority law, while the Shura Council’s committee continued reviewing the 2027 state budget. Real Estate: Cityscape Qatar put portfolio diversification, property valuation and AI-led investment tools in focus as more than 400 projects showcased the sector’s breadth. Corporate Results: Estithmar Holding’s nine-month profit rose 5.9% to QR744 million despite a 7.6% revenue decline; QIC reported 14% growth in insurance revenue to QR7.4 billion and net profit of QR562 million. Investment: Doha Investment expanded Qatar’s active asset management initiative to QR5 billion, as Qatar’s investment promotion agency urged integrated ecosystems to attract capital. Energy: QatarEnergy’s long-term agreement to buy up to four million tonnes of US LNG annually through 2054 underscores efforts to secure supply amid disruption to Gulf exports.

Real Estate: Cityscape Qatar and the Qatar Real Estate Forum opened with a focus on investment and market stability. UDC unveiled the Perlita Gardens masterplan at The Pearl and offered limited-time deals on Crystal Residence apartments. Insurance: QIC reported nine-month revenue up 14% to QR7.4bn and net profit of QR562m, as premium growth and investment income helped offset conflict-related claims. Investment: Invest Qatar won a 2026 UN award for advancing the startup ecosystem, while Qatar’s World Investment Forum meetings explored new trade and investment partnerships. Markets: Qatar Central Bank issued QR3bn in government ijara sukuk. Listed firms also reported nine-month results, including net profits of QR958m at Milaha, QR588m at Barwa and QR276m at QAMCO. Energy: QatarEnergy’s long-term agreement to buy up to 4 million tonnes of US LNG annually through 2054 adds a supply source as disruption in the Gulf raises energy-security concerns.

Energy: The Amir met Rosneft chief Igor Sechin in Moscow to discuss energy cooperation at the Gas Exporting Countries Forum summit. Qatar’s talks with Iran also focused on energy supplies and the Strait of Hormuz, while QatarEnergy has secured US LNG purchases through 2054 to diversify supply. Markets: Qatar Central Bank issued QR3bn in government ijara sukuk across two tranches, attracting QR7.1bn in bids. Real Estate: The Qatar Real Estate Forum brought policymakers, developers and investors together to explore opportunities and market regulation, with Aqarat stressing trust and transparency. Investment: Invest Qatar received a UN investment promotion award for advancing the startup ecosystem, while Qatar Chamber explored trade ties with Senegal. Business Results: Milaha reported QR958m in nine-month net profit, Barwa QR588m and QAMCO QR276m. Digital Economy: The Communications Regulatory Authority opened consultation on proposed telecom market dominance rules and remedies, aiming to support competition, investment and innovation.

Doha Investment Forum: Qatar is hosting the final day of UNCTAD’s World Investment Forum, with Pakistan pitching investors and Qatar receiving the UN’s 2026 Investment Promotion Award. SME Funding: Qatar Businessmen Association urged governments to give local small businesses a stronger role in major projects and better access to financing. Education Investment: Qatar plans to spend QR6.4bn through public-private partnerships to develop 22 schools and expand skills training. Business Results: Vodafone Qatar’s nine-month net profit rose 24% to QR611m; United Development Company posted Q3 profit of QR156m on QR1.26bn in revenue. QIB was named Qatar’s safest Islamic bank and third safest in the GCC. Energy Security: Energy Minister Saad Al Kaabi called for protecting energy infrastructure and shipping routes, warning that Hormuz disruption has restricted Qatar’s LNG shipments. Connectivity: Qatar Airways and WestJet launched a codeshare linking Doha with Toronto and Montreal, with more connections planned.

Investment Drive: Doha’s World Investment Forum has put Qatar at the centre of global investment talks. At the forum, Education Minister Lolwah Al Khater highlighted a QR6.4bn public-private programme to develop 20 schools, while Invest Qatar received a 2026 UN investment promotion award. Creative Economy: Qatar Museums Chairperson Sheikha Al Mayassa announced a Fashion and Crafts Council to deepen investment partnerships and help local talent reach global markets. Energy Security: At a gas exporters’ meeting, Energy Minister Saad Al Kaabi urged protection of energy infrastructure and shipping routes, saying attacks had halted Qatari production and restricted LNG shipments. Qatar also secured a long-term US LNG supply deal, with purchases of up to four million tonnes a year through 2054. Business Results: Vodafone Qatar reported nine-month net profit of QR611m, up nearly 24% year on year. Digital Infrastructure: Cisco and Mannai are advancing plans for sovereign AI infrastructure in Qatar, supporting locally controlled, secure systems.

Investment: Doha’s World Investment Forum is bringing global investors together as Qatar seeks deeper partnerships and stronger GCC economic integration. Tourism officials say restoring demand and protecting jobs are priorities, with efforts to support local businesses and retain skilled staff. Trade Links: Qatar and Kyrgyzstan agreed to establish a joint business council and discussed direct flights to boost trade and investment. Qatar and Pakistan also reviewed cooperation in agriculture, manufacturing, IT and infrastructure, with Pakistan seeking Qatar’s support for an early GCC free-trade agreement. Energy: QatarEnergy’s long-term deal to buy up to four million tonnes of US LNG a year through 2054 strengthens supply ties as regional conflict disrupts trade. EU Partnership: The EU says it wants to deepen cooperation with Qatar on trade, energy, security and defence, and is exploring a visa waiver for Qatari citizens.

Investment Forum: Doha opened the ninth World Investment Forum, drawing more than 5,000 participants to discuss AI, sustainable finance and investment amid global uncertainty. Qatar says openness and partnerships will help drive diversification and growth. Finance: QNB helped coordinate Qatar’s $3bn bond sale, which attracted more than $6bn in orders, and reported cross-border financing for AI and digital infrastructure. Brookfield has also opened a Doha office to expand its investment business. Energy: QatarEnergy agreed to buy 4 million tonnes of US LNG annually through 2054, securing long-term supply amid regional disruption. Trade & Construction: Qatar and Kyrgyzstan discussed direct flights and closer trade and investment ties. Doha’s Build Your House exhibition opens Monday, bringing together more than 250 firms serving the residential construction market.

Investment Forum: Doha opens the UN-backed World Investment Forum today, bringing ministers, investors and business leaders together through October 27 to discuss future investment and development. Energy Deals: Bangladesh has recommended buying an additional LNG cargo from QatarEnergy Trading for December delivery, while QatarEnergy’s long-term supply agreement with Cheniere is set to run through 2054. Aviation and Travel: Qatar Airways is weighing a premium-economy cabin and a redesigned first class as it expands its Australian network; flights to Western Sydney are planned for 2027. QIB has also added hotel discovery and booking to its mobile app. Finance: Doha Bank priced a $500 million bond, adding to a week of Qatari debt-market activity that included QNB’s QR750 million yen-market issuance.

Investment: Doha hosts the 9th World Investment Forum from Sunday to October 27, with 108 sessions and 406 speakers focused on investment and development. Startups: Qatar Development Bank says its programmes are strengthening the venture capital ecosystem, while Qatar Free Zones recently highlighted investment opportunities for international firms. Banking: QNB raised QR750 million through a record Qatari-riyal Shogun bond issuance in Japan. Corporate: Widam Food plans a QR130 million capital reduction to cut losses. Energy: QatarEnergy secured US LNG supplies from Cheniere under long-term deals running through 2054, adding a source of supply amid regional disruption.

Qatar Airways: The carrier is weighing premium economy and a new first-class cabin as it plans Australian growth. CEO Hamad Al-Khater said it refunded US$1.6bn in four weeks during the conflict, stressing that preserving passenger trust was essential. Regional Risk: The US is reducing staffing at its embassy in Qatar amid intelligence warnings of threats to American personnel; the embassy remains open. Capital Markets: QNB raised QR750mn from Japanese investors in the largest Qatari-riyal Shogun bond issuance to date, extending its funding reach. Energy: QatarEnergy agreed to buy up to 4mn tonnes of US LNG a year from Cheniere through 2054, securing supply as regional disruption unsettles exports. Corporate Restructuring: Widam Food plans a QR130mn capital reduction to cover accumulated losses, followed by a QR30mn increase through bond conversion.

Energy: QatarEnergy has secured up to 4 million tonnes of US LNG a year from Cheniere through 2054, diversifying supply as disruption around the Strait of Hormuz threatens energy flows. Telecoms: Ooredoo and Zain have completed the first stage of a regional platform combining about 4,000 towers in Qatar and Kuwait, aiming to make infrastructure sharing more capital-efficient. Banking: QNB raised QR750 million through its second riyal-denominated Shogun bond in Japan, taking total issuance to QR1.25 billion and broadening its funding sources. Markets: The Qatar Stock Exchange fell 2.26% this week to 8,611, with analysts looking for stronger liquidity and earnings to revive momentum. Corporate Restructuring: Widam Food will cut its capital by QR130 million to address accumulated losses, then raise it by QR30 million through a bond conversion.

Capital Markets: QNB raised QR750 million from Japanese investors through its largest-ever riyal-denominated Shogun bond, bringing total proceeds from the two issuances to QR1.25 billion. Energy: QatarEnergy agreed to buy up to 4 million tonnes of US LNG annually under a long-term deal with Cheniere, extending through 2054 and diversifying supply routes. Telecoms: Ooredoo and Zain completed the first stage of a regional tower platform, combining about 4,000 towers in Qatar and Kuwait to improve scale and capital efficiency. Economic Outlook: The IMF expects Qatar’s economy to contract sharply in 2026 amid war-related disruption, while Coface lowered Qatar’s risk rating, citing threats to energy infrastructure and export routes. Retail: Primark opened its first Qatar store with Alshaya Group, bringing the international retailer to Doha. Corporate Restructuring: Widam Food will cut its capital by QR130 million to cover accumulated losses, then raise it by QR30 million through a bond conversion.