A massive influx of foreign workers triggered by unprecedented economic performance boosted Qatar’s population by more than half a million in just four years to record one of the world’s highest growth rates.
Official figures showed the population of the world’s third-largest gas producer leaped (...) >continue
Qatar, one of Opec’s smallest oil producers, told at least three Asian lifters it will cut crude supplies for January by five per cent, sources said yesterday after Kuwait and the UAE pledged to boost term sales.
Abu Dhabi and Kuwait told many major term customers earlier this week that they (...) >continue
Doha Bank, Qatar’s third- biggest bank by assets, said yesterday it would seek shareholder approval to raise its capital by up to 20 per cent and give that stake to the country’s sovereign wealth fund, the Qatar Investment Authority (QIA).
Shareholders would meet on December 21 to discuss the (...) >continue
Qatar Airways (QA) said yesterday it has secured a $500 million (Dh1,836m) 12-year finance lease from BNP Paribas, Bank of Tokyo-Mitsubishi, Deutsche Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corporation Europe for the purchase of three Boeing 777 aircraft.
The aircraft are (...) >continue
Qatar downplayed the impact of the global credit crisis on its investment plans, saying in media reports that it would continue to boost investments at home and would not pull out of depressed global holdings.
Qatar, the world’s biggest exporter of liquefied natural gas, has been investing (...) >continue
International bank HSBC has raised 4.6 billion Qatari riyals ($1.3 billion) for Qatar’s Al Wa’ab City – a mixed-use development in Qatar – using a variety of sources including debt, mezzanine and equity funding sources.
HSBC was appointed as Financial Advisor by the $3.2bn (Dh11.7bn) Al Wa’ab (...) >continue
QATAR Petroleum (QP) will be the platinum sponsor of the 7th session of Milipol Qatar International Internal State Security Exhibition which will be held at the Doha Exhibition Centre from November 17 to 19. The sponsorship deal of QR1mn was signed by Brigadier Nasser bin Fahad al-Thani, (...) >continue