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Maersk Oil Qatar holds blood donation drive

Maersk Oil Qatar has organised a blood donation campaign among its employees in co-operation with the Hamad Medical Corporation. Employees donated blood in an HMC mobile blood unit stationed at the company’s headquarters in Al Jazi tower, West Bay. Maersk Oil Qatar managing director Saad al-Mohannadi said: “It’s our responsibility to give [...]

UK SOUTH HOOK GAS VENTURE LAUNCHED

SouthHookGas company, launched in London yesterday, is the final piece in the value chain that includes Qatargas 2 and South Hook LNG Terminal UK South Hook gas venture launched SouthHookGas company, launched in London yesterday, is the final piece in the value chain that includes Qatargas 2 and South Hook LNG Terminal. The London-based [...]

QTEL NET PROFIT GROWTH SLOWS IN Q3 AS SALES DROP

DOHA — Profit growth at QTel shrank to nine percent in the third quarter from 59 percent in the three months to June, hit by market challenges in Kuwait and currency trends in North Africa, the Qatar telecoms giant said on Thursday. Net profit for the latest period edged up to 710.9 million riyals (195.2 million dollars) from 654.8 million [...]

CNOOC receives 1st LNG delivery from Qatar

Oct. 22, 2009 (China Knowledge) - China National Offshore Oil Corp, the parent of CNOOC Ltd, on Oct. 18 received the first shipment of liquid natural gas, totaling 216,000 cubic meters, from Qatar at Dapeng LNG terminal in Shenzhen, Guangdong Province, sources reported. According to the contract signed with Qatargas, CNOOC will receive 2 million [...]

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, [...]

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