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.
The five-year loan will boost Tunisian government finances, according to its central bank.
Qatar National Bank has acquired a 49 per cent stake in Libya’s Bank of Commerce and Development for an undisclosed sum.
Qatar Investment Authority said it is looking to invest $10 billion in India, but is waiting for policies to change in the country.
The UAE-based construction company will eye major contracts in Qatar this year.
Qatar National Bank recorded a net profit of $549 million during the first quarter of the year.
Qatar Investment Authority (QIA) currently holds a five per cent stake in global mining and metals company Xstrata.
Saudi Arabia’s Islamic Development Bank and Dallah Albaraka Group have signed an agreement with Qatar to set up the new bank.
Qatar Petrochemical Company has awarded construction contracts worth QR604 million to expand its ethylene plant.
The region’s hydrocarbon reserves account for almost a third of the world’s reserves, says QNB Capital.
The outspoken head of Qatar Airways has expressed support for the planemakers as they struggle to resolve production flaws.
The Qatari conglomerate saw net profits for the year increase by 21 per cent year-on-year to reach $76.6 million.
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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