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Archive for the 'Finances' Category

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 […]

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 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 […]

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 […]

Qatar Islamic Bank (QIB) opened its 30th branch in the “Barwa-Al Wakra” village. The branch will provide integrated banking services to both personal and business customers in the vibrating and rapidly growing “Barwa-Al Wakra” village. The village is home to more than 900 housing units and 1200 stores, and attracts many visitors, making of it […]

Lusail Real Estate Development Co., the state-owned Qatari company building a new city in time for the 2022 soccer World Cup, plans to award about $3 billion worth of contracts for roads and infrastructure over the next year. “Our strategy is to go for an open bid,” Chief Executive Officer Essa Mohammed Ali Kaldari said […]

Qatar Airways is planning to launch an Initial Public Offering (IPO) in early 2012 after three consecutive years of profit. A spokesperson for the airline confirmed comments by Akbar Al Baker, Chief Executive Officer, Qatar Airways last week that he was confident that the airline will launch the IPO by 2012. “We have always said […]

The Qatar Exchange index rose over seven percent at opening, and although it fell during the day, it still closed 3.57 percent up at 8,477.32 points, according to the market’s website. Qatar has vowed to build a modern transport network, including a metro, and new accommodation facilities, in addition to air-conditioned stadiums. Banking shares also […]

Mazaya begins in Qatar Exchange

Mazaya Qatar Real Estate Development Company was admitted to trading on Qatar Exchange (QE) raising the number of listed companies to 43. The opening price on the first day of trading was QR10 then trended in an upward direction reaching the upper limit to QR10.50. The last traded price was QR9.55. The number of executed […]

Although the flow of foreign direct investment (FDI) into Arab countries declined in 2009 as a fallout of the global financial crisis, Qatar witnessed a rise in FDI inflow last year. The FDI inflow into Qatar was to the tune of $8.7bn, up from $6.7bn in the previous year, media reports suggest. Qatar, which is […]