Qatar Telecom has received approval from Kuwait’s Capital Markets Authority to buy a stake in Wataniya for $2.2 billion.
A mix of US, British and Qatari firms will all manage the various lines and stations as part of the planned $36 billion system.
The Gulf state is aiming to provide a much needed boost to support Egypt’s declining economy.
Qatari salaries witnessed the highest increases as the tiny Emir state embarks on a rapid development plan ahead of the World Cup 2022.
Qatar Airways has entered an interline agreement with Canada’s short-haul carrier, Porter Airlines.
The petrochemicals firm posted a net profit of QR2.14 billion in the second quarter of the year.
The Qatari sovereign wealth fund currently owns around 12 per cent of Qatar Insurance.
The Qatari property developer made a net profit of around $163 million in the first six months of the year.
Shooter and rally driver Nasser Al Attiyah claimed the bronze in the men’s skeet competition, Qatar’s first medal in 12 years.
Qatar aims to host international events and become the sporting hub for the MENA region, the country’s Olympic Committee chief has said.
Under the million-dollar contract, Siemens will supply 19 trams, technology and equipment to Qatar Foundation.
International Bank of Azerbaijan, the country’s largest lender, hopes to start operating in Qatar in the first quarter of 2013.
The Qatari operator made a first quarter loss of $32.49 million, an improvement on the $32.6 million Q1 loss last year.
Qatar Holding takes its stake in the company up to 11 per cent, as talks with Glencore are stuck in deadlock.
The group, with links to the royal family, has bought a 45 per cent stake in Native Land which operates in London’s wealthy Chelsea.
The Gulf-state priced five and 10-year tranches at $2 billion each, attracting an order book of over $24 billion.
The bank dropped almost 35 million riyals in the second quarter in comparison to the same period last year.
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Booming revenues from liquefied natural gas will assist the country’s infrastructure revamp.
Latest report from Asteco shows villa rates up four per cent as demand outstrips supply.
The global technology firm plans to increase regional hiring and open more offices in a major expansion drive.
Slowing deposit growth means Qatari banks need other sources to avoid funding issues.
Qatar Holding is planning to open Harrods branded hotels in Malaysia, Paris and New York.
Qatar Airways is keen to launch an airline in the Kingdom, but is worried about excessive fuel charges.
The Gulf state is reportedly setting up two companies through an official decree to issue the Islamic bonds.
Crude oil across the region is down as caution in China has knock-on effect for global oil prices.
The country plans to boost government spending by 27 per cent to $49 billion for the fiscal year that began in April.
The Qatar-based telecoms operator plans to buy the remaining majority stake in Wataniya for $1.9 billion.
Media reports had claimed that Etihad and Qatar Airways were eyeing a minority stake in the Indian budget carrier.