Home GCC Qatar

Qatar

Yohan Blake To Run At Doha’s Diamond League Meeting

The world’s second fastest man will compete at the meeting on May 10 in Qatar – the first of 14 Diamond League fixtures.

Dreamliner Grounding Impacts Qatar Airways’ New Routes

Chicago schedules amended to three-a-week and Chengdu is put on hold

Qatari Telecom Firm Ooredoo Posts 14.6% Rise In Q4 Profit

Profit was boosted by higher revenue in Qatar, Indonesia and Iraq.

Gulf Investors To Bid $2.3bn For Arsenal FC

Qatar and UAE-backed investors are expected to make what will be the largest ever bid for a football club.

Qatar Finds Vast Building Plans Need More Than Money

Two years after Qatar won the right to host the World Cup, little work on many of the big projects has actually started.

Lionel Messi Named Global Brand Ambassador For Ooredoo

The soccer star will be supporting various programmes to increase life chances of young people in MENA and South-East Asia.

Qatar Hires UBS For Possible $3bn VTB Deal

Qatar’s sovereign wealth fund plans to invest in the Russian state-owned bank.

Qatar Telecom Rebrands As Ooredoo

All operations in which Qtel owns a controlling interest will rebranded under the new name.

QNB Bid For 100% Of Soc Gen Approved

Qatar National Bank had planned to buy 77 per cent of National Societe Generale Bank last year.

Industries Qatar Q4 Net Misses Forecasts

The Gulf’s second-largest chemical producer made a net profit of 1.8 billion riyals ($494.4 million) for the fourth quarter.

Qatar Holding To Seek Credit Ratings This Year

The Qatar sovereign has ratings of Aa2 from Moody’s and AA from S&P, and was in the bond market last summer with a $4 billion sukuk issue.

Qatar Gives $100m In Humanitarian Aid To Syria

Donor countries meeting in Kuwait last month pledged more than $1.5 billion to aid Syrians affected by the civil war.

Qatar Airways Becomes First ME Airline To Fly To Cambodia

Alongside funnelling east-west business traffic via Doha, the new route will appeal to leisure travelers.

Qatar’s Doha Bank To Launch $426m Rights Issue

The issue will be split equally between a local offering and global depositary receipts (GDRs) in London.

Qatar To List $12bn Firm With Wealth Fund Assets

Qatar Holding’s vice-chairman says the firm will invest in shares, bonds and private equity.

FIFA is considering a request from the South American Football Confederation for hosts Qatar to play Ecuador a day earlier than previously planned

Qatar To Spend $120bn In Seven Years For 2022 World Cup

The tiny Gulf state will spend $220 billion in total as part of its National Vision 2030.

Drake & Scull Wins QAR300m Qatar Contract

As part of the contract, DSI will undertake MEP works for a mixed-use real estate development in Doha.

Qatar Insurance To Sell 20% Stake To Qatar Holding

The company will sell 21.4 million new shares to existing shareholders priced at 45 riyals each.

Qatar May Invest Up To $3.5bn In Russian Bank VTB

VTB, Russia’s second largest bank, could issue the Qatari wealth fund with $1.5 billion of new equity, says report.

Qatar Boosts Tiffany & Co Stake To 8.7%

The Qatar Investment Fund first acquired a 5.2 per cent stake in April last year.

Credit Suisse’s Banking Head In Qatar Resigns

Rami Touma, a director at the bank, has been running Credit Suisse’s Qatar investment banking business since 2007.

Qatar Posts $26bn Budget Surplus In Q2

More than double the 42.2 billion riyal surplus recorded in the same quarter of the previous year.

Barclays’ Bosses Duck Qatar Questions

UK authorities have been investigating the bank’s fundraising from Qatar at the height of the 2008 financial crisis since July.

Qatar Steel Awards Siemens $38m Contract

Qatar Steel, a subsidiary of Industries Qatar, launched a $5.7 billion aluminium plant in December 2009.

Dubai’s ENOC Signs Contract With Qatar For Condensates

Emirates National Oil Company (ENOC) aims to reduce imports of extra light oil from Iran.

Qatar To Invest $1.34bn In Greek SMEs

The Greek investment scheme is similar to a Qatari plan to invest in Italian companies.

Qatar Puts Hold On £3bn Chelsea Barracks Plan

The UK economy has given the Gulf state reasons to be concerned about the development.

Qtel CEO Addresses Telecoms Gender Divide

Dr Nasser Marafih uses the World Economic Forum in Davos to highlight the issue.

Qatar’s CBQ Posts 19% Q4 Profit Jump, Missing Estimates

The bank earned 447 million riyals in Q4. Analysts had forecast profit of 452.4 million riyals.

Qatar Islamic Bank Appoints New CEO

Bassel Gamal will be responsible for “all the companies and institutions affiliated to QIB inside Qatar and abroad.”