Home GCC Qatar

Qatar

Football FIFA 2022 World Cup Final To Be Played On Dec. 18

The winter tournament is expected to last 28 days, instead of the 32 for last year’s finals in Brazil.

Qatar’s Ooredoo Expects Revenue To Fall In 2015

Factors largely beyond its control have dulled Ooredoo’s lustre, and its profits for the past two quarters have missed analysts’ forecasts by a wide margin.

Qatar’s CBQ Shareholders Approve Up To $1bn In Capital Instruments

The annual general meeting of the lender gave approval for the move in accordance with Basel capital requirements.

Qatar Undertaking Projects Worth $8.48bn To Boost Tourism – Report

Over $2.5 billion worth of contracts were awarded in Qatar’s hotel and tourism sector last year.

Stock News: Gulf Markets Drop As U.S. Oil Hits 6-Year Low

Dubai’s index fell 3.6 per cent by Wednesday’s close to a 10-week low of 3,408 points.

Qatar Central Bank Governor Says Won’t Review Currency Peg

He declined to elaborate on the reasons for Qatar sticking to its peg.

US And Gulf Airlines Set To Clash At Aviation Summit Over Subsidy Row

Three U.S. airlines have accused their GCC competitors of receiving more than $40 billion in government subsidies, a charge which the latter deny.

Qatar National Bank Says Signs $3bn Three-Year Loan

The facility will be used to fund general operations of the bank.

Qatar’s Masraf Al Rayan Eyes Potential Debut Sukuk Issue -Sources

The sharia-compliant institution is expected to raise funds before end-April, sources said.

Qatar PM Sees Economic Growth Up To 7% This Year

Inflation this year in Qatar is expected to be three per cent, the prime minister said.

Qatar National Bank Closes Syndication Of $3bn Loan

The deal is QNB’s biggest syndicated loan to date and proceeds will be used for general corporate purposes.

Pakistan Seizes Qatari Prince’s Prized Falcons For Illegal Hunting

The confiscated falcons – which can be worth upwards of $250,000 each – were released into the wild this week.

Thales Wins Tech Contract For Qatar’s Lusail City Tramway Project

The new tramway will consist of four lines, covering 32 km, and serving 37 stations.

Qatar Exchange CEO Sees 2 IPOs, 4 ETFs In 2015

The exchange is working with the central bank to set up a market for corporate bonds.

Qatar Moves Fiscal Year-End, Reforms Budget Policy

The changes are contained in a financial system law issued on Tuesday by the emir, Sheikh Tamim bin Hamad al-Thani.

Qatar’s Bourse Says Working On Margin Trading, FTSE Index Upgrade

The country’s upgrade to emerging market status last year helped to increase average daily turnover by 160 per cent, a senior official said.

Qatar’s Ooredoo Q4 Net Profit Slumps On Foreign Units

The company attributed the slump in profit to foreign exchange losses in Indonesia and higher costs in its Myanmar and Algerian business.

Qatar Says To Begin Rebuilding 1,000 Homes In Gaza

Qatar had previously said that it would provide $1 billion in reconstruction assistance for Gaza.

Qatar’s Barwa Real Estate Q4 Net Profit More Than Doubles, Hikes Dividend

The firm earned QAR2.8 billion for the full year, compared with QAR1.4 billion in the prior year.

Egyptian Court Adjourns Trial Of Al Jazeera Journalists To March 19

A court last month released Mohamed Fahmy and Baher Mohamed on bail after over a year in detention.

Syria’s Nusra Front Mulls Split From Al Qaeda On Qatar Backing

Sources in Nusra said that Qatar is encouraging the group to go ahead with the move, which would give it a boost in funding.

Qatar, Saudi, Kuwait Among Top 10 Nations Globally For Luxury Spending

Wealthy individuals in the three GCC nations especially spend on imported luxury goods and premium travel, finds new report.

Qatar’s Doha Bank Gets Shareholder Assent For Tier 1, Bond Plans

The sale of the bonds will take place no later than June 30.

Qatar Airways Interested In More Airline Stakes

Qatar Airways bought a 9.99 per cent stake in International Consolidated Airlines Group (IAG) in January.

Qatar Air Receives Second Airbus A350

Qatar Airways has ordered 80 of the newest European long-haul jet, which is designed to compete with Boeing 787 and 777.

Qatar’s Barwa Real Estate Appoints Salman Al-Muhannadi Group CEO

Muhannadi was previously chief executive of QNB Capital, the investment arm of Qatar National Bank, a bourse statement said.

Qatar’s Mannai Working On Two Foreign Acquisitions – CEO

The company is looking outside the Middle East for deals in areas excluding real estate, construction, fast-moving consumer goods and marine sectors.

Qatar World Cup 2022: Time For Compromise Not Confrontation – Gill

Gill backed Blatter on FIFA 2022 dates, agreeing that the final cannot be held later than December 18.

Qatar Sovereign Fund To Buy Rest Of Prime Milan Property Area

As per the deal, Qatar Holding will buy the 60 per cent of Porta Nuova it does not already own for an undisclosed sum.

Shell’s Qatari GTL Plant Starts Two Month Partial Maintenance

Pearl GTL can produce 140,000 barrels per day of gas-to-liquids products and 120,000 barrels per day of natural gas liquids and ethane.