Archive for the 'Economy' Category

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 […]

No Nepali worker is to be hired by individual employers in Qatar without the permission of the Nepalese embassy in Doha. Under new rules, an individual employer will have to submit to the Nepali embassy a copy of the worker’s passport, a copy of the visa, an employment contract verified by the Qatar Chamber of […]

Qatar has pledged to invest $10 billion in Egypt, a country with which it had strained relations under ousted Egyptian President Hosni Mubarak, a minister was quoted as saying on Saturday. Egypt’s, minister of planning and international cooperation, Fayza Abu al-Naga, said the Egyptian-Qatari ministerial committee met on Saturday and “discussed ways to promote Qatari […]

Industries Qatar, the petrochemicals and metals company, posted a 75 percent jump in first quarter net profit on Tuesday, beating analysts’ expectations on average. The Arabian Gulf’s second largest chemical producer by market value posted QR2.1bn ($576.74m) profit in the first quarter of 2011, according to financial figures released by the firm to the Qatari […]

Project Qatar 2011

The Pakistan Stone Development Company (PASDEC) and All Pakistan Marble Mining Processing Industry and Exporters Association (APMMPIEA) asked the trade commissioner and officials in Pakistan Embassy in Qatar to coordinate with intending Pakistani exhibitors at Project Qatar 2011, May 2–5 at Doha Exhibition Centre. This is the 8th international trade exhibition for construction, technology, building […]

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 […]

In preparation for the World Cup 2022 , Qatar plans to more than double the number of hotel rooms, build nine stadiums and refurbish three others, in addition to constructing a rail and metro network. Qatar plans to spend $4 billion on a stadium construction and refurbishment programme. The rail and metro networks are expected […]

Nakilat-Keppel Offshore & Marine (N-KOM), Qatar’s newest offshore and marine shipyard, has been officially opened by the Emir of Qatar and Singapore’s Minister for Trade and Industry. This is a joint venture between Keppel Offshore & Marine and Qatar Gas Transport Co. (Nakilat). N-KOM already has signed a three-year fleet servicing agreement with Shell International […]