Home next GCC next Qatar

Qatar

Gulf Economies Have Failed To Diversify, Qatar Central Banker Says

GCC economies should rethink their monetary policies and the long-term sustainability of their currency pegs to the U.S. dollar, he said.

FIFA Taskforce Recommends Nov/Dec For Qatar 2022 World Cup

The taskforce suggested that the tournament be moved from June and July to avoid Qatar’s hot summers.

Qatar Islamic Bank Approves Up To $1.37bn Tier-1 Sukuk Issuance

The sale would be in accordance with Basel III banking rules and the final amount and currency of the offering would be decided by the board at a later date.

Qatar-Japan Consortium To Study Projects In Turkey’s Afsin Elbistan

The grouping will evaluate projects in the Turkish region including the development of lignite power plants.

Louis Berger JV Bags $79m Project Management Deal For Doha Metro

The contract involves providing management consultancy services for all elevated and at-grade sections of the metro project.

Qatar’s Nakilat Q4 Profit Rises 14%

Nakilat made a profit of QAR201.6 million in the last quarter of 2014, up from QAR176.5 million a year earlier.

Qatar Recalls Ambassador To Egypt Amid Dispute Over Libya Air Strikes

Doha expressed reservation at Egypt’s unilateral decision to carry out air raids in Libya without consultations with other Arab states.

Qatargas, Pakistan Close To 15-Year LNG Supply Deal – Sources

The first shipment is expected to be received by March, according to sources.

France In ‘Final Stage’ Of Talks To Sell Rafale Jets To Qatar

France said last June it was confident of winning a deal soon to supply fighter jets to Qatar.

Clear Bias Against Qatar, Says World Cup Committee Chief

Qatar has been fending off allegations of corruption ever since it was awarded the 2022 tournament.

Qatar’s Ooredoo Seeks $500m Islamic Loan-Bankers

The company has asked lenders to provide pricing guidance for a one, three or five-year loan.

Stock News: Gulf Bourses Pull Back After Oil Tumbles

Brent oil is back around $55 per barrel after a loss of as much as three per cent on Wednesday.

Qatar National Bank To Pay 60bps Margin For $3bn Loan

The deal is QNB’s biggest syndicated loan to date and proceeds will be used for general corporate purposes.

US Airlines Disclose Details Of Bookings Lost To Qatar, UAE Carriers

US airlines are stepping up efforts to persuade the American government to alter or terminate the Open Skies pacts.

Qatar National Bank Mandates Banks To Arrange $3bn Loan

Barclays Bank and HSBC will act as coordinators for the loan.

Different Arab money

Qatar’s QIIB Seeks Approval For Up To $825m Tier 1 Sukuk Issue

The bank announced the plan on Monday after reporting full-year net profit of SAR826 million, up 10.1 per cent.

Qatari Bank Al Khaliji Seeks Shareholder Nod For $1.75bn Bond Plan

The proposal is subject to approval by the bank’s annual general assembly on February 25.

Qatar’s Embattled Brotherhood Exiles See Hope In New Saudi King

King Salman is more sympathetic to religious conservatives than his predecessor Abdullah and is seen as less hostile to the group.

Pictures: Cars On Display At The Qatar Auto Show

The fifth edition of the Qatar Motor Show has top international automobile brands unveiling their latest models.

Qatar’s Tasweeq Offers Rare Straight-Run Fuel Oil Cargo

The company is offering two 40,000-tonne cargoes for loading in March from Mesaieed.

Industries Qatar Q4 Net Profit Slips 4.2%

The company reported annual net profit of QAR6.3 billion for 2014, down 21 per cent from QAR8.01 billion a year earlier.

Industries Qatar Q1 Shutdowns To Decrease From Year Ago

The company will close its Qatar plants for a total of 158 days in the first three months of the year, compared to 292 days of closures in 2014.

Qatar’s GIS 2014 Net Profit Doubles, Hikes Dividend

Net profit for the full year of 2014 rose to QAR1.4 billion, up from QAR677 million the year before, it said in a statement.

Qatar Air Mulls Halting Japan Service Over Slots Row

The airline is “in the final stages of deliberations” about whether to withdraw the three daily services, a source said.

Swiss IT Firm Nexthink Gets $14.5m Funding From Qatar’s Al Mannai

The company is looking to expand its presence in Saudi Arabia and the UAE.

Gulf Countries Pledge Over $39m To Global Vaccine Fund

Saudi Arabia and Qatar were the biggest contributors, committing $25 million and $10 million respectively to Gavi Alliance.

Vodafone Qatar Q3 Net Loss Widens

Vodafone made a net loss of 68.8 million riyals ($18.9 million) in the last quarter of 2014.

Qatari-Led Group Wins $4bn Battle For Canary Wharf

Songbird said it still thought the offer undervalued the company but with no rival offer forthcoming it recommended its shareholders to accept the deal.

Qatar Petroleum To Absorb Investment Unit In Sign Of Consolidation

Qatar Petroleum International was formed in 2007 as the foreign investment arm of the firm.

Qatar’s Masraf Al Rayan Q4 Net Profit Up, Hikes Dividend

Masraf Al Rayan said its net profit for 2014 was QAR2 billion, up 17.6 per cent year-on-year.