Home GCC Qatar


Qatar Seeks $5bn Quota

The Gulf state is looking to increase it’s stake in China’s stock and bond markets along with ADIA.

Qatar Buys French Luxury Hotels

Qatar plans to buy four hotels from Starwood for around $940 million, according to French media reports.

Gulf Seen Muted After MSCI Move

The UAE and Qatar have not been upgraded to emerging markets status by index compiler MSCI.

Qtel Announces New Group COO

The Qatar-based telecommunications firm promotes Ahmed Al-Derbesti to chief operating officer.

Electrical Fault Caused Qatar Fire

The deadly blaze in a shopping mall in Doha last month killed 19 people, including 13 children.

Qatar Budget Surplus Hits $1.4bn

Qatar posted a surplus of QAR5.1 billion in the third quarter of its 2011/12 fiscal year.

Qatar’s RasGas At Full Capacity

The LNG plant is operating at 100 per cent capability after maintenance shutdowns earlier this year.

Qtel Raises Asiacell Stake

Qatar Telecom will pay $1.47 billion to increase its stake in Iraqi operator Asiacell to 60 per cent.

Top 10 IPOs In The GCC

Gulf Business rounds up the top IPOs issued in the region in terms of capital raised, as revealed by Ernst and Young.

Qatar Arrests Five Over Mall Blaze

Five management staff from the Villagio Shopping Mall have been detained over the incident that killed 19 people.

Qatar Safety Questioned

A day after a shopping mall blaze killed 19 people, two more fires have broken out in the country.

Qatar To Spend $49bn This Year

The Gulf state reveals its budget for the 2012/2013 fiscal year, estimating a surplus of QAR28 billion.

19 Killed In Qatar Mall Fire

Ministry officials have not yet determined the cause of the fire and are investigating the incident.

Nationals Snap Up Qatar Property

Real estate projects in Qatar are not yet seeing an interest from global investors, say industry experts.

Qatar’s Property Market Stabilises

As Cityscape Qatar begins, experts say that despite oversupply in the market, demand is catching up.

Gulf States Warned Off Lebanon

UAE, Bahrain and Qatar have urged their citizens not to travel to Lebanon as Syria unrest spreads.

Qatar Buys Stake In Shell Oil

Qatar Investment Authority has reportedly acquired between three to five per cent of oil major Royal Dutch Shell.

Qatar Picks Banks For Sukuk- Sources

Qatar has reportedly mandated five banks to help arrange a new sovereign Islamic bond.

Qataris Spend $4,100 Per Day On Travel

Compared to the rest of the world, GCC nationals on average spend 260 per cent more on airfares.

Qatar Airways To Defer A380 Delivery

The airline’s CEO Akbar al Baker expressed concerns about wing cracks on the aircraft.

Qatar-Led Group Takes Over Damas

A consortium led by Qatar’s Mannai Corp said that its $445 million offer for a majority stake in the Dubai jeweler has been accepted.

Qatar Lends Tunisia $500m

The five-year loan will boost Tunisian government finances, according to its central bank.

QNB Buys Stake In Libyan Bank

Qatar National Bank has acquired a 49 per cent stake in Libya’s Bank of Commerce and Development for an undisclosed sum.

QIA Plans $10bn Indian Investment

Qatar Investment Authority said it is looking to invest $10 billion in India, but is waiting for policies to change in the country.

Drake & Scull Won Dhs1.3bn Deals In Q1

The UAE-based construction company will eye major contracts in Qatar this year.

QNB Posts 17.4% Q1 Net Profit Rise

Qatar National Bank recorded a net profit of $549 million during the first quarter of the year.

Qatar’s Xstrata Stake Worth $2.65bn

Qatar Investment Authority (QIA) currently holds a five per cent stake in global mining and metals company Xstrata.

New $1bn Islamic Bank In Doha

Saudi Arabia’s Islamic Development Bank and Dallah Albaraka Group have signed an agreement with Qatar to set up the new bank.

Qapco, Taiwan’s CTCI Sign Deal

Qatar Petrochemical Company has awarded construction contracts worth QR604 million to expand its ethylene plant.

GCC Oil And Gas Reserves Worth $65trn

The region’s hydrocarbon reserves account for almost a third of the world’s reserves, says QNB Capital.