« Older Home
Loading Newer »

Spanish infrastrucure firm Ferrovial has said its deal to sell 10.62 percent of Heathrow Airport Holdings Ltd, formerly BAA Ltd, to Qatar Holding for £478m ($769m) has been completed after obtaining approval from the European Union’s competition authorities.

The deal, announced in August, was pending authorisation by the competition authorities but has now been given the nod after ascertaining that the trasaction complied with EU legislation on mergers and acquisitions.

Inigo Meiras, CEO of Ferrovial, said in a statement: “This transaction fulfills two objectives for us: it allows us to maintain our position as the principal shareholder and industrial partner of Heathrow Airport Holdings, and it further strengthens our liquidity situation.”
Continue reading ‘Qatar owns 20 percent of Heathrow Airport’

Qatar has bought three percent of French energy giant Total, a move welcomed by the company’s chief executive Christophe de Margerie, a Qatari daily reported on Saturday.

If confirmed, this would be the first time Total has confirmed that Qatar has raised its stake in the company.

In mid-March, business newspaper Les Echos reported that Qatar bought two percent of the company, becoming one of its leading shareholders behind its employees and Belgian billionaire Albert Frere and with an equal stake to that of China’s State Administration of Foreign Exchange (SAFE).

Qatari investors have made several major investments in France, buying the Paris Saint-Germain football club, a 5.6 percent stake in building firm Vinci, five percent of utility group Veolia and 10.1 percent in media group Lagardere.

Qatar Investment Authority (QIA), the Gulf state’s aggressive sovereign wealth fund, has more than $30 billion to spend on investments this year and sees commodities as a key target, a senior executive of the fund said on Sunday.

“We like commodities, we like to invest in commodities. Since 2002, the commodity price trend keeps going up,” Hussain al-Abdulla, QIA’s executive board member told reporters on the sidelines of a conference in Doha.

“Also, because of the financial crisis, people are not investing enough in commodities. Maybe in 2016 and 2017 that might create a gap between supply and demand that might push the price even higher up.”
Continue reading ‘Qatar plans to spend $30 bln in 2012’

Doha bid to host the 2020 Olympic and Paralympic Games has received complete support from the leaders of Bahrain, Kuwait, UAE, Oman, Saudi Arabia and Qatar. This was confirmed during the 32nd session of the Supreme Council for GCC.

During a communiqué issued following the 32nd session of the GCC Supreme Council, the leaders of all the six GCC member states confirmed their support to Qatar’s hosting the 2020 Olympic Games, and said that they would extend all their potential to make this important sporting event a success. Continue reading ‘GCC confirms complete support for Doha 2020 Olympic Games bid’

Qatar, the world’s fastest growing economy and biggest exporter of liquefied natural gas, sold $5 billion of dollar-denominated bonds maturing in five, 10 and 30 years.

Qatar returned to international markets for the first time in two years to sell notes due in January 2017 to yield 3.18 percent, securities maturing in January 2022 at 4.63 percent and bonds due in January 2042 at 5.83 percent, according to data compiled by Bloomberg.
Continue reading ‘Qatar sold $5 billion of dollar-denominated bonds’

Qatari Armed Forces General Command has announced that the marine shooting range (O.B.D-28), located 40 km east of Mesaieed, approximately at an angle of 105 from the Mesaieed Port to South of Shra’oh, will be active from 01/12/2011 to 05/12/2011 from 6:00 am to 5:00 pm according to Doha local time.

The exercise coordinates are:




D:245640N – 515000E

E: 244760N – 515000E

F:245250N- 521440E

G: 245380- 526100E

The Qatari Armed Forces General Command warns those who frequently visit the area to take precautions for their safety. (QNA)

The Peninsula

Qatar may lose 2022 World Cup

Australia football boss Frank Lowy suggested on Monday that Qatar could yet be stripped of its right to host the 2022 FIFA World Cup following their controversial awarding of the global showpiece.

Australia was humiliated to receive only one FIFA vote and was eliminated in the first round as Qatar went on to beat the US in the fourth round in Zurich last December.

The process of awarding Qatar the World Cup over the US and Australia, along with the handing of the 2018 tournament to Russia, has been widely criticised amid allegations of corruption within world football’s governing body.

Lowy, 81, formally re-elected on Monday as Football Federation Australia chairman (FFA) for another four years, indicated that world governing body FIFA could succumb to pressure from around the world over their bidding process.

“I don’t know whether you recall when I came back from that fateful day (after losing the bid) and I said ‘this is not the last word about awarding the World Cup’,” Lowy told reporters.

“Well, it wasn’t the last word and the last word hasn’t been heard yet.

Continue reading ‘Qatar may lose 2022 World Cup’

Adriano heads to Qatar

The Qatar Football Association said on its website Sunday that the striker has signed a three-year deal with the Qatari club. The 29-year-old, who joined Gamba from city rivals Cerezo during the offseason, scored nine goals in eight games in the 2011 J-League campaign.

Adriano is the latest Brazilian to move from Japan to the Middle East. Last week, Japan’s Urawa Reds announced it had agreed to transfer Brazilian striker Edmilson to Qatari club Al Gharafa.

Tanzanian youths may secure several job opportunities in Qatar as part of the Arabic country’s preparations for the 2022 World Cup tournament. The good news was revealed yesterday by the minister for Labour and Employment, Ms Gaudencia Kabaka. She was briefing the press on her trip to Geneva where she attended the 100th annual general meeting of the International Labour Organization (ILO).

She said at the meeting Tanzania government officials held discussions with their Qatar counterparts who showed an interest in importing a labour force from Tanzania during preparations for the tournament.

“The government of Qatar expressed an interest in getting experts from this country to fill various positions, mainly in the construction industry, after it was chosen to host the 2022 World Cup tournament,” she said.

According to her, the job openings would be in fields like teaching, administration, health, hotels, engineering and domestic work. Continue reading ‘Qatar offers jobs to Tanzanians’

Qatar Airways has announced it has been named Official Airline of the prestigious “Tour de France”, which attracts hundreds of cyclists competing in the world’s most famous cycle race. Expected to be watched by over hundreds of millions of television viewers around the world and millions of spectators lining the 3,500km route, this year’s edition – Continue reading ‘Qatar Airways named Official Airline of ‘Tour de France’’