Energy

Ankara: Turkiye and Azerbaijan have signed a deal to bolster cooperation in the energy sector, under which Azerbaijan will supply 33 billion cubic meters of natural gas to Turkiye. Turkish Energy and Natural Resources Minister Alparslan Bayraktar clarified that the deal stipulates the delivery of 33 billion cubic meters of gas to Turkiye starting in 2029 over a 15-year period, at a rate of 2.25 billion cubic meters annually, sourced from the Absheron gas field in Azerbaijan. Bayraktar added that the agreed volume of natural gas will be transported from Azerbaijan to Turkish territory via a pipeline traversing the Caspian Sea, reflecting an enduring commitment to deepening bilateral energy cooperation. In March 2025, Bayraktar announced the commissioning of the Turkiye-Azerbaijan gas pipeline, regarded as one of the key avenues of bilateral cooperation in the energy domain, stretching approximately 80 kilometers.

Qatar Business

Doha: The Qatar Stock Exchange (QSE) index closed higher on Sunday by 22.85 points, or 0.21 percent, to reach 10,785.36 points. During the session, a total of 127,273,828 shares were traded, with a value of QR 275,353,881.326, through 16,733 transactions across all sectors. The session saw the shares of 25 companies rise, and those of 25 companies decline, while 4 companies maintained their previous closing price. At the end of the trading session, the market capitalization stood at QR 646,156,946,619.858, compared to QR 644,124,651,718.298 in the previous session.

Qatar Business

Doha: The Ministry of Commerce and Industry (MoCI) signed two cooperation agreements with QNB Group and Doha Bank as part of its efforts to enhance integration between the public and private sectors and to develop the services provided to investors through the Single Window platform. The agreements were signed by Director of the Single Window Department at the MoCI Mubarak Abdulrahman Al Khulaifi, QNB Group executive vice-president of SME Banking Ismail Mandani Al Emadi, and Deputy Chief of Strategy and Transformation at Doha Bank Yousef Abdullah Al Meer. In a statement issued today, the MoCI stated that, under the agreement with the Ministry, QNB Group will provide bank account opening services to eligible investors, in accordance with applicable laws and procedures, through the Single Window platform. This will expedite the company formation process and reduce reliance on manual and paper-based transactions, significantly contributing to the development and simplification of company registration procedures. The signing of this agreement underscores QNB's leading role in supporting the business environment and strengthening cooperation with various government entities by providing innovative banking solutions that facilitate company establishment procedures and enhance investor services. The bank continues its commitment to supporting Qatar National Vision 2030 through initiatives that contribute to building a diversified and sustainable economy based on innovation and integration between the public and private sectors. In this context, Mubarak Abdulrahman Al Khulaifi said that the signing of the agreement with QNB is part of a series of agreements the Ministry is concluding with banks operating in the country, with the aim of expanding cooperation with the banking sector and facilitating procedures for investors. He added that this step reinforces the position of the Single Window platform as a primary destination for establishing businesses in Qatar and aligns with the goals of Qatar National Vision 2030 in supporting sustainable economic development. The agreement between the MoCI and Doha Bank also aims to enhance cooperation between the two parties to facilitate the procedures for opening bank accounts for companies through the Single Window platform during the establishment phase, thereby reducing reliance on manual and paper-based transactions and expediting the completion of related procedures. Al Khulaifi affirmed that signing the agreement with Doha Bank comes within the framework of the MOCI's efforts to solidify the role of the Single Window platform as a primary and comprehensive destination for investors, in line with the goals of Qatar National Vision 2030. He pointed out the Ministry's keenness to develop strategic partnerships with various entities, with the aim of simplifying procedures, expediting transactions, and enhancing the investment environment in the country, thus supporting sustainable economic development. For his part, Yousef Abdullah Al Meer said the launch of this service comes within the framework of cooperation between Doha Bank and the MoCI, and in accordance with the bank's approach to developing services offered to various customer segments, enabling companies - especially newly established ones - to benefit from banking services that meet the diverse needs of this segment with speed, efficiency, and ease, supporting their success and enabling them to integrate into economic activity in a way that enhances their contribution to national development.