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Thursday October 19th 2017

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QATAR CASHES IN BARCLAYS OPTION PROFITS

Qatar, the gas-rich emirate that helped to rescue Barclays last year, cashed in £615 million of option profits from the deal yesterday in a stinging reminder to the bank’s ordinary shareholders of what they missed out on. Qatar was awarded the options, or warrants, as part of a complex £7 billion capital-raising last October, which provoked [...]

J SAINSBURY SURGES 10% ON RENEWED RUMOURS OF BID INTEREST FROM QATAR

TSE: 5,222.95 (–33.15) Mid-250: 9,485.17 (–56.16) Small Cap: 2,953.11 (+8.82) THE DEMISE of a large potential deal in the mining sector helped take momentum from London’s equity market yesterday. The FTSE 100 fell 33 points to 5,222.95 as investors booked some of the gains made during its 101.95-point rally over the previous session. [...]

Qatar Stars Cup Friday Review Qatar league defending champions Al Gharafa shared a 3-3 draw with Al Rayyan in Group B of the Qatar Stars Cup.

Al Rayyan opened the scoring through Australian striker Daniel Allsopp, his first goal for the club, after only eight minutes before adding his second after 23 minutes. Al Gharafa pulled a goal back through Mohamad Al Haj in the 33rd minute before Saud Sabah levelled the scores on the hour mark. Clemerson de Araujo then gave Al Gharafa the lead [...]

SELLING PRESSURE WEIGHS ON QATAR EXCHANGE

Substantial selling in banking and industrial stocks dragged Qatar’s bourse by 3.15% in the week ended Thursday despite oil prices hitting a 2009 high. Institutional investors were mainly instrumental in imparting a bearish momentum to the 20-stock benchmark index, which settled 239 points lower at 7,342.90 points in the review week that saw [...]

INDUSTRIES QATAR PROFIT DROPS BY 47PCT

Bloomberg reported that Industries Qatar posted a 47% drop in 9 month profit as the global recession cut demand for petrochemicals and steel. The Doha based company said in a statement to the Qatar Exchange that net income declined to QAR 3.8 billion or QAR 6.96 per share from QAR 7.2 billion or QAR 13.06 in the year earlier period. Industries [...]

CARRIER NAMED BEST MIDDLE EASTERN AIRLINE IN BANGKOK CEREMONY

QATAR AIRWAYS WINS FOURTH SUCCESSIVE TTG ASIA AWARD Qatar Airways has claimed yet another major international award, this time retaining its Best Middle Eastern Airline title as voted by readers of Asia Pacific TTG, an honour that the Doha-based carrier has held now for four consecutive years. Readers of TTG Publishing trade magazines TTG Asia, [...]

QATAR AIRWAYS MAKES HISTORIC JOURNEY FROM LONDON GATWICK TO DOHA

WORLD’S FIRST COMMERCIAL PASSENGER FLIGHT POWERED BY FUEL MADE FROM NATURAL GAS A Qatar Airways aircraft this evening completed the world’s first commercial passenger flight powered by a fuel made from natural gas. The historic journey from London Gatwick to Doha took over six hours and was operated with an Airbus A340-600 aircraft using [...]

QATAR ABLE TO COMPLETE FIRST FLIGHT ON NATURAL GAS

It seems that the airline industry has just had a major breakthrough in terms of fuel technology. This news comes as Qatar Airways has made its first paying passenger flight that was powered by nothing but natural gas. This was a flight that left Gatwick and flew to Doha earlier this week. This move has been regarded as a very important step in [...]

UAE, QATAR AND SAUDI HOLD GROWTH POTENTIAL

The construction market in Saudi Arabia, Qatar and the UAE is expected to exhibit the most favourable growth prospects in the near term, according to a Deloitte Middle East report. A key driver of growth will be the considerable funding allocated to infrastructure projects. Saudi Arabia plans to spend $400 billion (Dh1.46 trillion) over the next [...]

ITALY’S SAIPEM, KOREA’S HYUNDAI WIN QATAR DEAL

DUBAI (Reuters) - A consortium of Italy's Saipem and South Korea's Hyundai Engineering and Construction have won a contract to build a new fertiliser plant in Qatar, an Industries Qatar unit said on Sunday. The QAFCO-6 project costs are estimated at $610 million, Qatar Fertiliser Co. said in a statement on the bourse website. "The contract covers [...]

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