‘Qatar Business’ Archives
UAE markets near flat on thin trade; banks lift Qatar
Banks led gains on the Qatar exchange as investors bought on attractive valuations while little interest was seen in UAE and Oman as trading was thin. Doha Bank rose 1.4 percent and Qatar Islamic Bank added 0.6 percent, both outperforming the index which gained 0.3 percent to 8,120 points. "Qatar has been seeing some selling pressure all [...]
Doha Cables bags USD 494 million contract
Aamal Company QSC, one of the GCC's fastest growing diversified conglomerates has announced that its subsidiary Doha Cables described as Qatar's first and largest domestic cable manufacturer has been awarded a 2 year contract by Qatar General Electricity & Water Corporation to supply low voltage and medium voltage power cables equal to [...]
Qatar’s insurance sector expects 30pc growth
Doha: The insurance industry in Qatar is expected to register a staggering 30 percent compounded annual growth rate (ACGR) in the forthcoming years, which would be the highest among all the GCC countries, Alpen Capital’s industry research findings have revealed. “The GCC insurance industry is in a state of transition. Although the sector is [...]
Abu Dhabi and Qatar bonds draw investors
Global investors are buying up Abu Dhabi and Qatar government debt as a haven against tumbling stock markets, pushing yields on the bonds to historic lows. The trend has been building for weeks now, sending some Gulf government bonds to their lowest-ever yields. The plunge also marks a sharp reversal of high yields seen when the [...]
$494m Lusail City project on track
DOHA: The 1.8 billion Qatari rial ($494 million) Lusail City Development Project, which started in May 2008, is on schedule to take 43 months to complete, said Al Jaber and Partners (AJP), one of Qatar's leading infrastructure and energy contractors. The primary infrastructure works construction package 2 (CP2) also completed 9,000,000 hours [...]
International Bank of Qatar sells its Al Yusr Islamic banking operations to Barwa Bank
International Bank of Qatar (IBQ) announced the sale of its Al Yusr Islamic banking retail operations to Barwa Bank. This move brings IBQ in compliance with the Qatar Central Bank (QCB) issued instructions on January 31, 2011 for all commercial banks in the country to cease their Islamic operations by December 31, 2011. An agreement was signed [...]
Qatar cracks down on Algerian visa applicants
Algerian nationals applying to attend conferences in Doha have recently been turned away by local hotels who arrange visit visas, in what is believed to be a wider crackdown on entry into Qatar. When contacted by Arabian Business, a reservations agent at the Ritz Carlton Hotel, which is playing host to a series of conferences in September, [...]
Rolls Building court complex can make London ‘global legal centre’
A £300m state-of-the-art law court complex will open in the next few weeks as the government tries to make the UK the world's pre-eminent destination for swiftly resolving international high-value legal disputes – and making a lot of money in the process. The curvaceous, 11-storey Rolls Building in Fetter Lane, close to the Royal Courts of [...]
Qatar eyeing 78% rise in hotel room numbers
Qatar's hotel sector will grow by nearly 80 percent if all the properties in its development pipeline open for business, industry experts said on Wednesday. According to the Middle East/Africa hotel development pipeline report by STR Global, Qatar has 6,604 room in its total active pipeline. If they are all built and opened, they will add [...]
Qatari nominal GDP up 28.4%
Strong oil prices allied with higher gas exports to boost Qatar’s nominal GDP by nearly 28.4 per cent in the first quarter of 2011 while real GDP expanded by around 16 per cent, according to government data. From about QR110.4 billion in the first quarter of 2010, GDP in current prices swelled to nearly QR141.8 billion in the first quarter of [...]
