Latest news with #AlSulaiti
Qatar Tribune
23-05-2025
- Sport
- Qatar Tribune
Qatar Rail confirms Doha Metro ready for Amir Cup final fans
DOHA: Qatar Railways Company (Qatar Rail) has announced that the Doha Metro is fully prepared to welcome and transport fans attending the 2025 Amir Cup Final, which will bring together Al Rayyan and Al-Gharafa teams at Khalifa International Stadium on Saturday. Fans of both teams can directly access Khalifa International Stadium via Sport City Station on the Gold Line of the Metro, which is within walking distance of the stadium. As part of its preparations to facilitate the movement of fans and visitors on match day, Qatar Rail will implement a station crowd management plan at Sport City until the end of the Metro service. On match day, while Doha Metro and Lusail Tram services will run according to the regular schedule, several changes will be made to metrolink and metroexpress services. metrolink route M311 will be shifted to Al Sudan Metro Station (Shelter 1), and route M317 to Al Aziziyah Metro Station (Shelter 2). metroexpress bookings to and from Sport City Station will be disabled, with the area instead served via Al Waab QLM station (Shelter 2). On this occasion, Eng Abdulla Saif Al Sulaiti, Chief of Service Delivery at Qatar Rail, said: 'We look forward to welcoming Al-Gharafa and Al Rayyan fans aboard Doha Metro during the 2025 Amir Cup Final, contributing to an exceptional match-day travel experience." "In coordination with our partners from the relevant entities, we have developed a special operational plan for the event that will ensure smooth and convenient journeys for fans throughout the day," he added. "During the Amir Cup Final, we are fully committed to ensuring seamless crowd movement and prioritizing the safety of all passengers across the network,' Al Sulaiti stressed.
Asharq Al-Awsat
31-03-2025
- Business
- Asharq Al-Awsat
Doha to Host Islamic Finance Conference on April 8
The 11th Doha Islamic Finance Conference on April 8 is set to explore the development of decentralized financial platforms that align with Islamic economic principles. Held under the theme 'Integration of Blockchain and AI: The Future of Islamic Finance,' the event will bring together a distinguished lineup of government entities, global organizations, and leading financial and academic institutions specializing in finance, economics, and technology. Dr. Khalid bin Ibrahim Al Sulaiti, Chairman of the Organizing Committee and Vice Chairman of Bait Al-Mashura Finance Consultations, said: 'The world is witnessing the trajectory of a new revolution driven by the integration of blockchain and AI, adding complexity while opening broader horizons for more efficient, transparent, flexible, and sustainable solutions.' He added that after decades of growth, leadership, development, and innovation, Islamic finance has established itself as one of the inspiring economic models capable of adapting to global changes and has achieved a creative synergy between Shariah principles and financial innovation. 'With the emerging integration of blockchain and AI, Islamic finance stands at a historic crossroads, poised to develop a modern model for smart and sustainable Islamic finance, one that balances innovative technologies with the values of Islamic economics and enables it to compete in the digital financial world,' Al Sulaiti noted. 'Through this 11th conference, we aim to anticipate the future of Islamic finance in light of the integration of blockchain and AI by analyzing the future prospects of this technological synergy,' he said. This includes examining Shariah rulings and regulatory challenges in a rapidly evolving digital environment and fostering innovation and creativity by adopting decentralized AI-based solutions to develop Islamic financial products, particularly endowments (Awqaf), according to Al Sulaiti. Also, he said, the conference uniquely addresses complex topics, such as the investment opportunities for Islamic financial institutions in the gaming and e-sports sectors and explores experiences and initiatives of decentralized Islamic finance platforms built on values that enhance security and privacy. Furthermore, it aims to identify the Shariah and legal frameworks for incorporating AI and blockchain in Islamic finance, support and protect the management of endowments (Awqaf) using decentralized AI, and unlock investment and innovation opportunities in Shariah-compliant decentralized digital gaming, the Vice Chairman said. The conference, he added, seeks to develop decentralized Islamic finance platforms that ensure security, privacy, and augment value chains. The event will feature discussions on major topics, including Decentralized AI: Rules and Regulations. This theme focuses on studying the impact of decentralized AI on deriving Shariah rulings and analyzing the implications for Islamic jurisprudence, particularly regarding smart contracts and issues of ambiguity (Jahala). It also explores the role of regulatory authorities in overseeing decentralized financial operations and examines the feasibility of establishing a comprehensive legal framework for integrating these technologies in Islamic financial institutions to ensure Shariah compliance, boost investor confidence, and enhance institutional efficiency. The second theme, 'the 'Endowments (Waqf) in the Era of Blockchain and AI Integration,' discusses the role of blockchain and AI in developing waqf products by reviewing existing initiatives and exploring mechanisms for utilizing decentralized AI to safeguard endowments and ensure their sustainability. It also highlights the role of these technologies in enhancing humanitarian responses to crises and disasters and delves into Shariah rulings for managing smart waqf systems. Business reports indicate a growing number of organizations seeking to integrate AI solutions into their operations, highlighting the significant impact of smart technologies on performance efficiency and revenue growth. They also show that endowments, a cornerstone of sustainable development in Islamic societies, can greatly benefit from the integration of blockchain and AI. The 3rd theme is about 'The Blockchain Gaming Revolution: Rulings and Investment Opportunities' from the perspective of Islamic finance, focusing on Shariah-compliant rulings and regulations for gaming and e-sports. It also explores the potential use of gaming for charitable purposes by analyzing real-world global examples. The electronic gaming industry is among the fastest-growing global sectors, with market projections exceeding $280 billion by 2024 and anticipated growth to $665.8 billion by 2030. The entry of AI and blockchain technologies into this field has created significant investment opportunities in decentralized gaming and digital sports. The fourth theme examines the 'Value Chains through Decentralized Finance Powered by AI' through the development of Shariah-compliant value-based investment platforms in the context of blockchain and AI integration. It reviews existing initiatives and proposes new ones to advance these platforms. Furthermore, it presents a vision for decentralized Islamic finance built on value chains and examines the role of these technologies in enhancing cybersecurity and data privacy protection. With the growing interest in decentralized finance (DeFi) as an alternative to traditional systems, decentralized AI technology amplifies its significance, unlocking broader applications. However, Islamic finance platforms in this domain remain limited and face Shariah, ethical, and legal challenges.
Trade Arabia
28-01-2025
- Business
- Trade Arabia
Nakilat's net profit for FY 2024 surges 5pc to $436m
Qatar Gas Transport Company (Nakilat) has delivered solid results for FY 2024, registering a net profit of QAR1.64 billion ($436 million), up 5.1% over the previous year. Announcing its financial results for the 12-month period ended December 31, 2024, Nakilat said this stable growth underscores Nakilat's operational efficiency, its ability to seize emerging opportunities, which has been evident in our 2024 newbuild announcements and its resilience in navigating the challenges of the global energy transportation market. The Qatari group said 2024 had been a transformative year defined by its strategic vision and operational resilience. Through innovative practices and a focus on excellence, Nakilat has successfully managed the challenges of the global shipping environment, driving sustained growth. Nakilat pointed out that its commitment to meeting the growing demand for clean energy transport continues to take shape. Impressed with the performance, the board of directors has recommended the distribution of cash dividends of QAR7 per share for H2 2024. This is in addition to the half yearly interim cash dividend of QAR7 per share, which was already distributed for H1. With this, the total dividend amount distributed for 2024 has hit QAR14 per share, stated Nakilat in a statement. On the solid results, CEO Engineer Abdullah Al Sulaiti said: "Nakilat's strategic fleet expansion is supported by its focus on achieving the highest standards of occupational health and safety, sustainability and innovation across all aspects of safe and reliable operations to meet the increasing global demand for clean energy transportation." "As the company looks to the future, it remains committed to delivering value to its shareholders and partners ensuring long-term growth and success," stated Al Sulaiti. "Our financial and operational achievements in 2024 reflect the commitment and dedication of our team in delivering clean energy to the world safely and efficiently. These accomplishments are a testament to Nakilat's robust business strategy, its focus on customer-centricity, and its alignment with Qatar National Vision 2030," he added. This year, Nakilat advanced its shipbuilding program with Hyundai Samho Heavy Industries, which includes six advanced gas carriers under construction. This program comprises two LNG carriers, each with a cargo capacity of 174,000 cu m, and four modern LPG/Ammonia carriers, each with a capacity of 88,000 cu m, said the top official. "The fleet expansion strategy is also strengthened by new long-term contracts with QatarEnergy for operating and chartering the nine QC-Max LNG carriers, each with a capacity of 271,000 cu m, and 25 conventional LNG carriers, each with a capacity of 174,000 cu m. Upon completion of these projects, Nakilat's fleet will expand to a total of 114 ships, reinforcing our leadership in clean energy transportation and our capacity to meet growing global energy needs," he noted.
