The scheme is part of a strategic plan for Qatar’s financial sector developed by the country’s three regulatory bodies.
Doha carrier identifies gap for focused premium product on highly competitive route
QNB, Industries Qatar and NBAD will be the three largest additions to the MSCI Emerging Markets Index.
The proposed reforms include replacing a contentious sponsorship law, known as “kafala”, in which workers need their employer’s permission to change jobs.
The company has agreed one-year murabahas – a sharia-compliant cost-plus-profit arrangement -with Qatar Islamic Bank, Masraf Al-Rayyan and Barwa Bank.
The Abu Dhabi carrier flies four times daily to Qatari capital Doha.
Katara-owned Excelsior Hotel Gallia will be a part of Starwood’s Luxury Collection portfolio, making it the brand’s seventh hotel in Italy.
The facility will become the new home for the national carrier of the state of Qatar.
The launch of the two funds will follow MSCI’s upgrade of Qatar to emerging market status later this month.
The project includes the expansion of a QP-owned gas processing plant at Mesaieed to help collect about 900 million cubic feet of sour gas per day.
Serco will provide postgraduate-level military education courses for Qatar’s officers in the navy, army and air force, in partnership with Britain’s Ministry of Defence and King’s College London.
Qatar spent roughly 6.5 per cent of GDP on capital injections and other measures to maintain stability in its banking sector following the 2008 global credit crunch.
The deal is part of an agreement by Barwa to sell assets worth a $7.1 billion to Qatari Diar.
Delivery coincides with the Doha-based carrier shifting its operations to Hamad International Airport
Qatar’s sovereign fund bought a 50 per cent stake from Qatar’s former prime minister and other shareholders last year.
CEO Akbar Al Baker said it will operate eight A320s in the Kingdom.
The four star property will be Wyndham’s second in Doha, following the opening of the Wyndham Grand Regency in 2011.
The move apparently aims to curb smuggling of fuel in the Gulf country, a local newspaper reported.
The telco made a net profit of 887 million riyals ($243.62 million) in the three months ended March 31, it said in a statement.
Heritage said that it was recommending a 320 pence per share cash offer, which represented a 25 per cent premium to its closing price the day before the approach was announced.
The developer said its profit for the three months to March 31 was 265.1 million riyals ($72.8 million), up from 158.5 million riyals in the same period of 2013.
Ten airlines are now operating out of the $17 billion facility and all others will switch by May 27
The bank earned a net profit of 548 million riyals ($150.5 million) for the opening three months of 2014.
The document said the weightings of eight stocks would be reduced “as they may pose accessibility issues to international institutional investors”.
The company filed a compensation claim on Monday for what it said was damage to its media business inflicted by Cairo’s military-backed rulers.
Airline’s first superjumbo scheduled to take off from the new airport
Rising air conditioning demand during summer and a lack of domestic supply means Kuwait needs to import more gas each year to run its power plants.
Revenue for the quarter was 1.32 billion riyals against 1.67 billion riyals in the prior-year period, it said in a statement.
The firm made a profit of 206.3 million riyals ($56.66 million) in the three months to March 31.
FIFA’s investigation was launched last year into alleged corruption surrounding the voting procedure for the 2018 and 2022 World Cups, awarded to Russia and Qatar respectively.