Qatar to invest in Cyprus energy, ports and tech

29 May 2024 CW Team

Additionally, Sheikh Tamim expressed interest in potential investments in Cypriot ports and banking institutions, further underscoring Qatar's intent to diversify its investment portfolio and deepen its economic engagement with Cyprus.

Qatar's commitment to humanitarian causes was also reiterated during the discussions, with the Emir affirming Qatar's strong support for a maritime aid corridor facilitating the transportation of humanitarian assistance from the Cypriot port of Larnaca to the besieged Gaza Strip. This corridor, facilitated by a temporary pier constructed by the United States off the Palestinian territory, serves as a vital lifeline for delivering essential aid to Gaza's population.

Notably, Sheikh Tamim has played a pivotal role in funding humanitarian aid collection initiatives associated with this corridor, showcasing Qatar's dedication to alleviating the plight of those in need.

However, recent challenges surfaced as the temporary pier encountered damage due to rough seas over the weekend, leading to the suspension of operations temporarily. This setback underscores the logistical complexities involved in maintaining such vital humanitarian lifelines.

During the discussions held between Sheikh Tamim and Cypriot President Nikos Christodoulides, both leaders concurred on the establishment of a working group tasked with evaluating the progress in forging closer economic and political ties between Qatar and Cyprus. This collaborative effort underscores the mutual commitment to nurturing a robust bilateral relationship.

Expressing concern over the on-going military offensive in the southern Gaza city of Rafah, the Qatari Emir highlighted the importance of on-going mediation efforts led by Qatar, Egypt, and the United States. These efforts aim to broker a ceasefire agreement, facilitating the release of approximately 100 Israeli hostages held by Gaza's militant Hamas rulers and ultimately striving for an end to the conflict.

In addition to humanitarian endeavors and economic collaborations, Qatar's partnership with ExxonMobil in oil and gas exploration within Cyprus' exclusive economic zone off its southern coastline further solidifies the multifaceted nature of the bilateral relationship between Qatar and Cyprus.

The visit of Sheikh Tamim bin Hamad Al Thani marks a significant milestone in the diplomatic relations between Qatar and Cyprus, underscoring a shared commitment to advancing mutual interests, fostering economic growth, and addressing pressing humanitarian challenges in the region. (ET Infra)

In a bid to boost economic ties and explore investment opportunities, the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, made his inaugural visit to Cyprus on Tuesday. A senior Cypriot official revealed that the Emir is eyeing investments primarily in the energy and high-tech sectors, which are deemed to hold significant economic promise for both nations. Additionally, Sheikh Tamim expressed interest in potential investments in Cypriot ports and banking institutions, further underscoring Qatar's intent to diversify its investment portfolio and deepen its economic engagement with Cyprus. Qatar's commitment to humanitarian causes was also reiterated during the discussions, with the Emir affirming Qatar's strong support for a maritime aid corridor facilitating the transportation of humanitarian assistance from the Cypriot port of Larnaca to the besieged Gaza Strip. This corridor, facilitated by a temporary pier constructed by the United States off the Palestinian territory, serves as a vital lifeline for delivering essential aid to Gaza's population. Notably, Sheikh Tamim has played a pivotal role in funding humanitarian aid collection initiatives associated with this corridor, showcasing Qatar's dedication to alleviating the plight of those in need. However, recent challenges surfaced as the temporary pier encountered damage due to rough seas over the weekend, leading to the suspension of operations temporarily. This setback underscores the logistical complexities involved in maintaining such vital humanitarian lifelines. During the discussions held between Sheikh Tamim and Cypriot President Nikos Christodoulides, both leaders concurred on the establishment of a working group tasked with evaluating the progress in forging closer economic and political ties between Qatar and Cyprus. This collaborative effort underscores the mutual commitment to nurturing a robust bilateral relationship. Expressing concern over the on-going military offensive in the southern Gaza city of Rafah, the Qatari Emir highlighted the importance of on-going mediation efforts led by Qatar, Egypt, and the United States. These efforts aim to broker a ceasefire agreement, facilitating the release of approximately 100 Israeli hostages held by Gaza's militant Hamas rulers and ultimately striving for an end to the conflict. In addition to humanitarian endeavors and economic collaborations, Qatar's partnership with ExxonMobil in oil and gas exploration within Cyprus' exclusive economic zone off its southern coastline further solidifies the multifaceted nature of the bilateral relationship between Qatar and Cyprus. The visit of Sheikh Tamim bin Hamad Al Thani marks a significant milestone in the diplomatic relations between Qatar and Cyprus, underscoring a shared commitment to advancing mutual interests, fostering economic growth, and addressing pressing humanitarian challenges in the region. (ET Infra)

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Infrastructure Transport

04 Jun 2026

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Real Estate

04 Jun 2026

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..