Home next GCC next Qatar

Qatar

Qatar’s Masraf Al Rayan Q2 Profit Rises 12.1%

The Islamic lender’s net profit for the three months to June 30 was $129.5 million.

Qatar Reveals New Foreign Worker Reforms Ahead of 2022 FIFA World Cup

New steps include a requirement that firms set up bank accounts for workers and pay wages electronically and a mid-day work ban in summer.

Qatar To Host Gaza Ceasefire Talks With Abbas And U.N. Chief

The meeting, which will take place in Doha, will be headed by the Gulf state’s emir Sheikh Tamim bin Hamad al-Thani.

Shell Pulls Out Of Qatar’s Block-D License After Dry Well

Shell said that it had wrapped up activity at the well after the negative result, while adding that it remained committed to future plans in Qatar.

Mali Grants Four Exploration Permits To Qatar Mining

A document outlining Qatar Mining’s investments showed that the company planned to take a share in a mining site in Mali that is already operational.

Upgrade Or No Upgrade, UAE and Qatar Keep Frontier Investor Fanbase

UAE and Qatar stock markets rallied sharply over the past year in anticipation of the upgrade to emerging market status by index compiler MSCI.

Qatar’s Doha Bank Q2 Net Profit up 9.9%

The bank made QAR388 million ($107 million) in the second quarter, up from QAR353 million in the same period of 2013.

FIFA 2022 World Cup Loss Will Drag Down Qatar’s GDP Growth – Report

Direct world cup spending is estimated to be $16 billion, which is 7.5 per cent of Qatar’s GDP, says report by Bank of America Merrill Lynch.

Qatar Airways Finalises $19bn Boeing 777X Plane Deal

The Gulf carrier also said it had agreed purchase rights to buy a further 50 777X aircraft.

Qatar’s Nakilat Q2 Profit Rises On Higher Charter Rates

The company made a net profit of QAR238.6 million ($65.6 million) in the three months to June 30.

Qatar Airways Seeks Compensation From Airbus For A380 Delay

Akbar Al Baker said Qatar Airways was entitled to ask for compensation after a 30-day grace period for “excusable” delays which had now expired for all three aircraft.

Qatar Bank Masraf Gives JV Sale Details After Bourse Suspension

Masraf said the sale price would be QAR1.53 billion ($420.3 million), which would generate a gain of QAR466 million for the bank spread over three years.

Qatar’s Bourse Suspends Masraf Al Rayan Shares Over Disclosure

Islamic lender Masraf Al Rayan did not disclose the sale price or other details of its recent sale of Seef Lusail Real Estate Development Co.

Qatar Electricity and Water Q2 Profit Falls 4.4%

The state-run utility made a profit of QAR417 million ($115 million) in the three months to June 30 compared to QAR436 million in the prior-year period.

U.S. Signs Agreement For $11bn Arms Sale To Qatar

The deal is the biggest U.S. arms sale so far this year, according to media reports.

Airbus, Under Fire From Qatar Airways, Says A380s Due By Year End

Airbus said it was working to fix problems with the A380 planes after Qatar Airways, which should have taken delivery of its first A380 in May, rejected the first three aircraft.

QFC Authority Appoints Sheikh Salman Bin Hassan Al-Thani CFO

QFC Authority said Al-Thani would help it strengthen its business environment for domestic and foreign firms.

Qatar Islamic Bank Q2 Net Profit Gains 15%, Beats Estimates

The Islamic lender made a net profit of $107 million during the three months to June 30.

Qatar’s Masraf Al Rayan Sells Real Estate Firm Stake To Govt Fund

The Qatari lender said it had agreed to sell its 50 per cent stake in Seef Lusail Real Estate Development.

Qatar Cuts Stake In London Stock Exchange By A Third

Qatar sold the shares at 1,915 pence each as part of its portfolio management, a source said.

Qatar Slashes Stake In London Stock Exchange Group

Qatar Holding is set to slash its 15 per cent stake in the owner of the London Stock Exchange by a third.

UAE Holding Suspected Qatari “Agents” For Questioning – Report

A Qatari newspaper reported earlier this week that UAE authorities had detained three Qatari citizens who were on holiday.

Qatar National Bank Q2 Net Profit Edges Up, Beats Estimates

The bank made a net profit of QAR2.7 billion ($741.7 million) in the second quarter of 2014.

Turkey’s Bank Asya, Qatar’s QIB End Talks Over Asya Stake Sale

The talks with QIB faltered after the banks failed to agree a price, the sources said.

Qatar Airways Launches Daily Non-Stop Flights To Dallas/Fort Worth

The new service is estimated to add around $200 million annually to the US destination’s economy.

Qatar’s CBQ To Buy Out Public Shares, Then Delist Turkey’s Alternatifbank

The second-largest lender in Qatar bought a 74.25 per cent stake in the Turkish bank last year.

Qatar Airways CEO Threatens To Halt Airbus Orders If Slots Denied

Gulf airlines have said that European governments were seeking to restrict fair competition by giving airlines based closer to home preference when awarding airport slots.

Qatar GDP Growth Rebounds To 6.2% in Q1, Construction Jumps

Qatar’s economic output growth quickened to 2.3 per cent in the first quarter from a meagre 0.6 per cent in October-December, the data showed.

Infrastructure Spending In The Middle East Set To Rise – Survey

The survey by PwC found that 75 per cent expect an increase in funding for infrastructure and capital projects over the next 12 months.

Stock News: Dubai Falls As Arabtec Extends Drop

The Dubai builder’s shares have fallen 59 per cent from May 14’s record close.