The Gulf country with a GDP of $88,000 in 2010 qualifies as the world’s wealthiest nation, according to Forbes.
The company’s plan to raise QAR160 million through a share issue had ended after an investor pulled out.
Qatar’s sovereign wealth fund acquired the building for an undisclosed sum and has now leased it back to the bank.
The bond was five times oversubscribed and received orders from more than 270 investors globally.
Colorado-based CH2M Hill has won the FIFA World Cup construction management contract.
Doha-based Mannai is planning to buy 58.8 percent of Damas in a deal estimated to be worth around $445 million.
The move follows the stringent financial and trading sanctions imposed by the US and EU on Iran.
According to the IMF, Qatar’s economy is expected to grow six per cent in 2012.
Qatar’s sovereign wealth fund is expected to acquire the property in a “few weeks.”
Qatar Nationals Hotels Company took over properties in Paris and Singapore.
Akbar Al Baker, CEO of Qatar Airways, speaks exclusively to Alicia Buller about Western detractors, rising oil prices, and why there’s enough future global demand to fill his record order book.
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