logo
QC discusses economic ties with Turkish planning association

QC discusses economic ties with Turkish planning association

Qatar Tribune16-07-2025
Tribune News Network
Doha
Qatar Chamber (QC) Acting General Manager Ali Bu Sharbak Al Mansouri met with Turkish Association for Economic Planning (EPIAD) President Ahmad Yahya Matar to discuss ways to strengthen Qatari-Turkish economic ties.
The meeting focused on enhancing trade exchange, joint investments, and cooperation between private sectors in both countries. Al Mansouri reaffirmed Qatar chamber's commitment to boosting ties with Turkish institutions and highlighted existing agreements with key Turkish economic bodies.
Matar expressed the Turkish side's interest in deepening cooperation, particularly in tourism and business, and called for greater private sector engagement to promote bilateral trade.
The two sides also explored prospects for organizing joint business forums and trade delegations, aimed at facilitating direct partnerships between Qatari and Turkish companies across a wide range of sectors including construction, real estate, manufacturing, and services.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

EV sales double to fuel Turkey's auto market in July
EV sales double to fuel Turkey's auto market in July

Qatar Tribune

time20 hours ago

  • Qatar Tribune

EV sales double to fuel Turkey's auto market in July

Agencies Sales of passenger cars and light commercial vehicles in Türkiye rose by almost 15% in July, industry data showed on Monday, driven by robust demand ahead of a long-anticipated special consumption tax (ÖTV) adjustment at the end of the month. Sales jumped by 14.6% year-over-year last month to 107,718 units, according to data by the Automotive Distributors and Mobility Association (ODMD). That marked a 55.9% increase compared to the average July sales over the past 10 years. Passenger car sales jumped 14.7% in July to 84,195 units, while light commercial vehicle sales rose 14% to 23,523 units, the data showed. Electric vehicle (EV) sales doubled compared to July last year, reaching 17,225 units, capturing a 20.5% share of the passenger car market. Hybrid sales also rose sharply, increasing 48.3% year-over-year to 21,656 units. Despite a slight monthly decline of about 5 percentage points, the combined market share of hybrids and fully electric vehicles stood at 46.2% in July. On a 12-month rolling basis, that share surpassed the 40% threshold for the first time, reaching 40.8%. Tesla topped the EV list in July with sales of 4,706 units of its Model Y, which held a share of 27.32%. It was followed by the homegrown Togg brand, which sold 2,720 units of its C-SUV T10X model, accounting for almost 15.8% of the EV market. More than a week ago, Türkiye revised the special consumption tax on some cars in a move the government said was primarily aimed at helping reduce the current account deficit. The change, made under a law on protecting the value of the Turkish currency, revised tax base thresholds and rates for certain fossil fuel-powered passenger cars and some hybrid vehicles that both use fossil fuels and have electric engines. Special consumption tax rates were reduced by 5-10 percentage points for some vehicles, while for some other models, rates were increased by 10 to 20 points. Türkiye has a large auto manufacturing sector, but it also has significant car imports. The Treasury and Finance Ministry said the overall inflationary impact of the changes would be minimal, estimating a net annual effect of just 0.0019 percentage points.

NRNA Qatar General Convention elects Padam Giri as its president
NRNA Qatar General Convention elects Padam Giri as its president

Qatar Tribune

time2 days ago

  • Qatar Tribune

NRNA Qatar General Convention elects Padam Giri as its president

Tribune News Network Doha The Non-Resident Nepali Association (NRNA) National Coordination Council Qatar successfully held its 11th General Convention at the Crowne Plaza Hotel in Doha, electing a new Executive Committee for the 2025–2027 term. Held with grandeur and broad participation, the event saw Padam Giri elected unopposed as President, leading a 36-member executive team. The biennial convention serves as a platform for the Nepalese diaspora in Qatar to renew leadership and enhance community engagement. The newly elected committee was officially sworn in by Election Commissioner Kamalni Guragain, who administered the oath of office and confidentiality. Padam Giri will lead the council alongside Roshan Aryal as First Vice-President, Subash Thapa as Second Vice-President, and Lila Rai as Third Vice-President. Ram Kumari Tamang was elected Women's Vice-President, with Tank Bahadur B K serving as Youth Vice-President. Shiva Bhujel has taken office as General Secretary, while Prem Kumar Basnet and Mohammad Azad Mansur will serve as Treasurer and Assistant Treasurer, respectively. The secretarial team includes Khemraj Subedi, Isilal Pandit, and Shankarman Rai. Apsana Miya will serve as Women's Coordinator, with Chham Bahadur Chand as Youth Coordinator. In addition, the executive committee includes 19 members representing various sectors of the Nepali community in Qatar. The Audit Committee is headed by Padam Bahadur Ranabhat, with Sajid Eqbal and Hemraj Rijal as members, tasked with overseeing financial transparency. Qatar's representatives to the International Coordination Council (ICC) include Minraj Wagle, Jhavindra Belbase, Shiv Kumar Mahato, and Ishwar Raj Paudel. The convention was held under the patronage of Dr Badri KC, president of the NRNA ICC. It was attended by Salha Al Khalaf from Qatar's Ministry of Labour, officials from the Ministry of Interior, leaders of other expatriate communities, advisors and honorary members of the ICC, as well as representatives from various Nepali organisations across Qatar. Salha Al Khalaf, a distinguished guest at the event, extended his best wishes to the newly elected team and indicated that a follow-up meeting would be scheduled soon to explore future programmes and areas of cooperation. Dr Badri KC affirmed that the newly elected executive team is the official representative body of NRNA Qatar, operating under the Government of Nepal. He expressed confidence that the committee would adhere to the organisation's constitution and follow the directives of the ICC in its operations. Guided by the motto 'For Nepaleas, By Nepaleas,' NRNA Qatar has been at the forefront of various social, cultural, and philanthropic initiatives. The organisation maintains close collaboration with Qatari governmental bodies, charitable institutions, the Nepali Embassy, and other expatriate communities. Padam Giri, the newly elected President, is a veteran community leader who previously served two terms as General Secretary. He is recognised for his institutional experience and his collaborative efforts during significant events such as FIFA 2022 and the COVID-19 pandemic, during which he engaged effectively with Qatari authorities and community groups. The convention was chaired by Organising Committee Coordinator Keshab Karki and facilitated by Member Secretary Roshan Aryal.

Turkish monthly exports hit $25 billion mark for first time in July
Turkish monthly exports hit $25 billion mark for first time in July

Qatar Tribune

time2 days ago

  • Qatar Tribune

Turkish monthly exports hit $25 billion mark for first time in July

Agencies Türkiye's monthly exports achieved a new historic peak by hitting the $25 billion mark for the first time, according to a top official on Saturday. Turkish outbound shipments in July surged 11% compared to the year earlier, Trade Minister Ömer Bolat told an event in northern Samsun province, announcing the preliminary data. He recalled that the value of shipments stood at $22.5 billion in July of last year and drew attention to the fact that an additional $2.5 billion was added to exports when comparing the same month in 2024. 'We broke the highest monthly goods export record in our history in July. Consequently, we broke the highest export record for July in our history and as of July, we reached the highest total goods export figure in our history for the past year,' Bolat said. 'Another encouraging development: a slowdown in the rate of monthly import growth was achieved and the monthly foreign trade deficit in July narrowed significantly compared to the same month of the previous year and compared to June,' he added. At the same time, he noted that the export-to-import coverage ratio also improved. 'This is what we call a 'legendary month,' six major achievements in one. We reached an all-time high in monthly exports at $25 billion, up from $22.5 billion in July last year, an increase of $2.5 billion, or 11%,' the minister said exports in July increased by $4.5 billion compared to June, adding that the next target is to reach $26 billion in monthly exports. 'Our extraordinary efforts are reinforcing the process of rebalancing and stabilizing our economy,' he emphasized. Previously, the monthly record in exports was achieved in May this year with $24.8 also informed that the foreign trade deficit dropped to $6.4 billion last month, down 12% from $7.3 billion in July 2024, marking the lowest deficit in the past nine months. Moreover, when examining January-July exports, he stated that they reached $156.4 billion, representing a 5.2% year-over-year increase. He said that recent global conflicts, ranging from trade wars and tariff disputes, have caused sharp disruptions in global trade, growth, and commodity prices, including those of energy and gold. Despite regional instability, Bolat said that under the leadership of President Recep Tayyip Erdoğan, 'Türkiye continues its strong rise as a pillar of stability in the economy, foreign policy, defense, transportation and energy.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store