CEO of Barzan Holdings: We Aim to Localize, Attract Defense Industries in Qatar

Abdullah Al-Khater, CEO of Barzan Holdings, receives a visitor at the World Defense Show in Riyadh. (Asharq Al-Awsat)
Abdullah Al-Khater, CEO of Barzan Holdings, receives a visitor at the World Defense Show in Riyadh. (Asharq Al-Awsat)
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CEO of Barzan Holdings: We Aim to Localize, Attract Defense Industries in Qatar

Abdullah Al-Khater, CEO of Barzan Holdings, receives a visitor at the World Defense Show in Riyadh. (Asharq Al-Awsat)
Abdullah Al-Khater, CEO of Barzan Holdings, receives a visitor at the World Defense Show in Riyadh. (Asharq Al-Awsat)

CEO of Barzan Holdings Abdullah Al-Khater said the company aims to strengthen defense industries and attract defense technology to Qatar.

In an interview with Asharq Al-Awsat on the sidelines of the World Defense Show, which concluded in Riyadh on Friday, Al-Khater said the company’s work is based on different axes, namely domestic and foreign investment in defense technology and supporting the Qatari Ministry of Defense in acquisitions and purchases and building local defense capabilities.

He noted that Barzan Holdings was implementing a strategy that is founded on long-term plans, pointing to the establishment of a large number of companies, which have begun manufacturing defense products, weapons and systems.

Barzan Holdings has also completed some projects on behalf of the Qatari Ministry of Defense in a number of various fields, he underlined.

Moreover, Al-Khater explained that the signing of the joint cooperation agreement with the Saudi Military Industries Company (SAMI) covers several areas, including joint projects, cooperation in production and joint investments in the fields of defense and security.

He stressed that a number of factors contributed to the achievements of Barzan Holdings, mainly the support provided by the Qatari leadership, investments in the human cadre by attracting local and foreign minds, and cooperation with international companies.

Al-Khater revealed that the company was seeking to enter the multiple fields in the defense industries, whether at the level of light or classic industries, or even the advanced manufacturing, such as the technological field, and the employment of artificial intelligence and drones.

Regarding export plans, he noted that while export was one of the priorities of Barzan Holdings, the main goal of building the defense field is to meet the local need.

He said in this regard: “The sustainability of these companies requires working on the concept of export, which represents one of our main goals... and we aspire to achieve it, whether at the regional or international level.”

Al-Khater stressed that the company was open to cooperation with regional companies, including SAMI and others.

On the company’s participation in the World Defense Show, he noted that Barzan Holdings showcased a number of its products and was looking forward to greater participation in future editions.



Third ‘Mirkaz AlBalad AlAmeen Platform’ to Open in Makkah on Sunday 

A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)
A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)
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Third ‘Mirkaz AlBalad AlAmeen Platform’ to Open in Makkah on Sunday 

A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)
A street in the holy city of Makkah is decorated with Ramadan lights. (SPA)

The third edition of the “Mirkaz ABalad AlAmeen”, a leading platform for exchanging opportunities in Makkah, will kick off on Sunday, under the theme “Makkah Inspires the World.”

The platform, organized by the Holy Makkah Municipality, will feature 15 exceptional Ramadan evenings focused on dialogue, knowledge exchange, and cross-sector engagement.

Makkah Mayor Musad Aldaood said the platform redefines development from Makkah, where faith meets inspiration and values are transformed into a comprehensive civilizational experience.

He noted that the initiative reflects the ambitions of Saudi Vision 2030 and showcases Makkah to the world as a living model of creativity, leadership, and innovation.

The upcoming edition will host more than 65 speakers, including executive leaders and decision-makers from across all three sectors, alongside futurists, entrepreneurs, and leading voices in culture and inspiration from artists, writers, media professionals, and innovators.

The program targets 12 key sectors: technology and digital transformation, financial investment, communications and media, real estate development, transport and logistics, banking services, youth and sports, tourism and culture, hospitality and catering, Hajj and Umrah, the third sector, and healthcare.


Saudi Arabia’s Mawani Grants Unified License to Global Shipping Line 

The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector. (Mawani)
The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector. (Mawani)
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Saudi Arabia’s Mawani Grants Unified License to Global Shipping Line 

The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector. (Mawani)
The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector. (Mawani)

The Saudi Ports Authority (Mawani) granted on Thursday a unified license to international shipping line Global Shipping Line (PIL), officially recognizing it as an authorized foreign investor to operate maritime agencies in the Kingdom's ports, reported the Saudi Press Agency.

The license is issued in accordance with the regulations outlined in the Maritime Agency Services, reflecting Mawani's commitment to boosting the efficiency of the maritime sector and improving the quality of operational services provided at ports.

It aims to attract global expertise and facilitate knowledge transfer within the Kingdom, aligning with international best practices in the maritime transport industry.

The initiative is part of Mawani's ongoing efforts to develop the maritime business environment, enable international companies to invest in the Saudi market, and increase competitiveness within the maritime sector.

PIL, which operates from its regional headquarters in Riyadh, manages operations in 29 countries.

The move strengthens the Kingdom's position as a crucial logistics hub, in line with the National Transport and Logistics Strategy, while attracting more international shipping lines. It reinforces Saudi Arabia's role as a key link among three continents.


IMF: Restoring Lebanon's Economic Growth Will Require Comprehensive Reforms

FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo
FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo
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IMF: Restoring Lebanon's Economic Growth Will Require Comprehensive Reforms

FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo
FILE PHOTO: A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., US, November 24, 2024. REUTERS/Benoit Tessier//File Photo

Lebanon's economy has shown resilience despite conflicts in the region, with tourism fueling a bit of a rebound, but restoring growth will require comprehensive reforms, the International Monetary Fund said on Thursday.

IMF spokeswoman Julie Kozack said the global lender remains engaged in complex discussions with Lebanese ‌authorities following their ‌request for an IMF-supported ‌program ⁠in March 2025. The ⁠IMF sent a staff mission to Beirut earlier this month, said Reuters.

The talks have been focused on two big issues, she said, citing the need for banking sector restructuring and a medium-term fiscal ⁠strategy. "The economy has shown resilience ‌despite the impact ‌of conflicts in the region. It has had ‌a bit of a rebound ‌on the back of tourism from the strong diaspora," Kozack said.

"But at the same time, really restoring strong and sustainable growth will ‌require a comprehensive set of reforms to tackle some of the ⁠structural ⁠weaknesses that have really hampered Lebanon's economic performance for many years," she said. Reforms also are needed to attract international support to help Lebanon address its substantial reconstruction needs.

Kozack said Lebanon needs an updated medium-term fiscal framework that includes concrete measures to mobilize additional revenues for much-needed capital spending, as well as a sovereign debt restructuring to restore debt sustainability.