Doha: Qatar Investment Authority (QIA), in collaboration with the Government of the Republic of Guyana, announced the signing of an agreement to develop a real estate project in the capital, Georgetown. This strategic partnership marks a significant step in bolstering economic ties between the two nations.
According to Qatar News Agency, the agreement with Guyana aims to foster economic growth and enhance the urban landscape of Georgetown. The project is expected to provide substantial investment opportunities and stimulate local employment. Details regarding the scope of the project and its financial implications have not been disclosed, but the collaboration underscores QIA's commitment to expanding its global investment portfolio.
In other developments, Media City Qatar concluded a successful strategic roadshow in Japan, engaging leaders across media, gaming, and creative sectors. The initiative seeks to attract these industries to expand their operations in the Middle East through Media City Qatar. Meanwhile, the Ministry of Municipality reported intensified health inspections in the second quarter of 2025, leading to the closure of several non-compliant food establishments.
Further updates included the Qatar Stock Exchange's performance, which saw a decline as the general index closed down by 93.87 points. Meanwhile, Qatar Industrial Manufacturing Company reported a decline in net profits by 22.32% for the first half of 2025. Qatar Electricity and Water Company also saw a slight decrease in net profits compared to the previous year.
On the cultural front, the Sheikh Abdulla Bin Zaid Al Mahmoud Islamic Cultural Center concluded its Arabic Language teaching skills development course for teachers from Tatarstan. The Ministry of Endowments and Islamic Affairs also wrapped up its summer training program, honoring students and supervisors in a closing ceremony.
In sports news, Qatar's Al Ahli is set to participate in the 40th Arab Handball Championship of Champions in Kuwait, and the Qatari national basketball team continues preparations for the FIBA Asia Cup 2025. Additionally, Al Sadd announced the transfer of Musab Khoder to Al Shamal, while Al-Duhail's Assim Madibo will temporarily join Al-Wakrah.
The Organization of Islamic Cooperation condemned the storming of the Al Aqsa Mosque compound by extremists under Israeli occupation forces' protection. In astronomical events, Qatar Calendar House reported the phenomenon of the star Antares appearing closest to the Moon twice this August, visible in the southern horizon after sunset. Tasweer Photo Festival Qatar launched its 2025 Open Call for photography awards, running until September 20, 2025.