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Qatar Shell signs three more local companies
In collaboration with Qatar Development Bank (QDB) to help bolster Qatar’s private sector, Qatar Shell officially signed three more local companies to its supply chain, for the company and their...
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GCC Digital Security Forum
Doha will host the GCC Digital Security Forum on the 4th and 5th of February 2014 under the patronage of the Qatar Minister of Information and Communications Technology, Dr. Hessa Al Jaber. The Forum...
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QNB Group on US fiscal outlook
US Congress approved a two-year budget deal last week, further avoiding another government shutdown. While this marks a positive step by lifting a cloud hanging over the world’s largest economy, it...
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QDB launches scheme for Qatari farm owners
His Excellency Sheikh Abdulla bin Saud Al Thani, Chairman, Qatar Development Bank (QDB), congratulated His Highness Sheikh Tamim bin Hamad Al Thani, Emir of Qatar, on Qatar National Day and announced...
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QP announces terms of IPO
His Excellency Dr. Mohammed bin Saleh Al-Sada, Minister of Energy and Industry and Chairman and Managing Director of Qatar Petroleum (QP), and His Excellency Mr. Ali Shareef Al-Emadi, Minister of...
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Qatar, Algeria sign steel joint venture
Ali bin Hassan Al Muraikhi, Chairman, Qatar Steel International, and Hasnawi Shaiboub, Chairman, Sidar Company, Algeria, signed the Articles of Association for the Algerian Qatari Steel Company...
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Weekly money market review
The following is the weekly money market review by IBQ: The US Federal Reserve reduced its monthly bond purchases from USD 85 billion to USD 75 billion, the first step toward undoing the extraordinary...
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Qatar’s retail sector stable
Qatar’s retail sector, which has a total of ten new malls at various stages of construction and some at the planning stage, look “stable” in the short-to-medium run, according to Al Asmakh Real Estate...
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QNB monthly banking sector update
The following is the monthly banking sector update by QNB – Growth of loans and deposits was flat. Loans declined by 0.1% but are up by 11.9%. Deposits also dipped by 0.2%. The banking sector’s...
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DSI wins contract for Mall of Qatar
Drake & Scull Qatar (DSI Qatar) has won a mechanical, electrical and plumbing (MEP) contract for an approximate value of QAR 400 million for the upcoming Mall of Qatar in the Al Rayyan district...
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Nakilat signs deals with Al Khaliji
Al Khaliji Commercial Bank has financed a total of USD 160 million for two Nakilat shipyard joint ventures, Nakilat-Keppel Offshore & Marine (N-KOM) and Nakilat Damen Shipyards Qatar (NDSQ). The...
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Qatar to boost Europe LNG sales
Qatar is poised to boost contracted liquefied natural gas exports to Europe in five years as prices in the region are at their highest since 2006. Qatari shipments to Europe under medium or long-term...
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Ooredoo launches 3G network in Algeria
Ooredoo has launched the first commercial 3G network in Algeria, the company has announced. Ooredoo Algeria, formerly known as Nedjma, started commercial 3G services in ten major cities. The 3G network...
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QIA to invest in India
Qatar Investment Authority (QIA) is in talks to invest USD 200 million in residential property in India. QIA is holding conversations with Kotak Realty Fund, run by Kotak Mahindra Bank Ltd., which...
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Bait Al Mashura sign agreement
Bait Al Mashura Finance Consultations has signed an agreement with the World Bank to reinforce cooperation in a host of areas, including research and knowledge sharing in Islamic finance. According to...
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Qatar urged to address inflation pressures
Qatar’s current key interest rates are here to stay, but authorities need to address inflation associated with surging credit and consumer demand, according to National Bank of Kuwait (NBK). “Qatar’s...
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Qatar GDP grows
Growth in Qatar’s Gross Domestic Product, adjusted for inflation, accelerated slightly to 6.2% from 6%, the Qatar Statistics Authority said. Output in the mining and quarrying sector, which includes...
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Fixed deposits in Qatar banks rise
Fixed deposits of banks in Qatar have surged 71%, reflecting that individuals turned to safety of their money when the stock market turned volatile. According to the Qatar Central Bank data, fixed...
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Major petchem developments in Qatar
Qatar is set for another phase of massive development in its chemicals and petrochemicals sector with a targeted output of 23 million tonnes per year (TPY) by 2020. Qatar’s liquefied petroleum gas...
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Qatar energy management praised
Qatar has been ranked as one of the top countries in the world for effectively managing its energy resources. The country has made rapid strides in “building institutions” and “better governance” of...
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