A Qatari royal family member has purchased a Greek island for €5m ($6.59m), according to reports published in local media. Citing unnamed sources, Oxia, Greek daily Ekathimerini reported that the island, spread across 1,236-acres, was initially advertised by owners the Greek-Australian Stamoulis family for...
Qatar Airways, one of the Middle East's top and world's fastest growing airlines, has opened up a competition - 'Tweet-a-Meet' - for Twitter users. 'Tweet-a-Meet' enables a team of two persons to turn their virtual connections into real ones by...
The global payments and technology company MasterCard has announced the official opening of its dedicated office in Qatar's capital, Doha. The announcement was made at a launch event that was held in Doha on 23 January and was hosted by...
Siemens, the global powerhouse in electronics and electrical engineering operating in the energy, infrastructure and cities, industry and healthcare sectors, has signed a complete turnkey solution contract with Qatar Steel Company to build a high-voltage substation. The 220/66/33-kilovolt (kV) substation...
 "A multinational firm from UK has plans of  expanding its operations in the Middle East. Because of the cultural differences and marked business practices in the Middle East and GCC countries, they need guidance and legal representation in setting...
Qatar was ranked the most expensive country in which to build in the Middle East, according the 2013 International Construction Costs Report released today by global built asset consultancy EC Harris. The annual study, which benchmarks building costs in 47...
Reports coming from Qatari capital said country's football authorities are still pondering whether to allow alcohol in stadiums in line with FIFA's mandatory laws while hosting the 2022 World Cup. A senior official insisted he did not see a...
  In a deal worth an estimated USD 1.3 billion, the Gulf state of Qatar has bought a five percent stake in Indian telecom firm Bharti Airtel. Under the deal, Bharti will issue 199.9 million new shares at a 7.3 percent...
Calls to curb extravagant spending by Qatari youth on foreign trips in summer. The Qatar Central Bank (QCB) is under pressure from various segments of Qatar society to introduce stricter rules for disbursement of personal loans to Qatari youth. The calls...
Researchers from Qatar Biomedical Research Institute (QBRI) and their European counterparts, have completed their research to discover a genetic marker in patients with Type 2 diabetes (T2D) are most likely to develop cancer. Scientists from Imperial College, London and CNRS-Lille,...
Experts leading a new public screening campaign in Qatar, named Action on Diabetes, have highlighted that an estimated 16 percent of the state’s adult population is diabetic. The campaign has based its findings on screening of adults between the ages...
Qatar Rail has awarded four design and build contracts worth USD 8.2 billion for phase one of the Doha metro project. The project includes four rail lines and underground section in the centre of Doha. The rail network is part...
It has been reported that an unknown consortium from Qatar and the UAE is preparing to make a world record bid of USD 2.25 billion for English Premier League football club Arsenal. The bid is almost twice the 2011 valuation...
Qatar, the world’s richest country, is taking measures on an urgent basis to counter the challenge posed to its nation’s health by obesity. Last year, the tiny state of Qatar was ranked as the most obese nation in the world....
SolarWorld, Germany’s largest but financially struggling solar firm, has approved restructuring efforts and paved the way for acquisition of a large stake in the company by Qatar Solar. Under the comprehensive restructuring plan, Qatar Solar will acquire a 29 percent...
Qatar Holding, the investment arm of the Gulf state’s sovereign wealth fund, has decided to sell its 10 percent shareholding in Porsche Automobil Holding SE (PSE). However, the sovereign fund will retain its 17 percent stake in Volkswagen, Europe’s...
Qatar will be bidding alongside other top media firms to purchase the struggling U.S.-based online video streaming service Hulu. Hulu, owned by News Corp (Rupert Murdoch), Comcast and Walt Disney, will come under the hammer after failing to improve profitability...
Qatari banks are borrowing record loans from foreign lenders to shore up their funding as the tiny gas-rich nation starts preparations to host the 2022 football World Cup. According to Bloomberg News calculations based on central bank data, net interbank borrowing...
GCC economies must invest in exports to reduce dependence on commodities Falling oil prices will pose a challenge to GCC hydrocarbon exporters unless governments step up their diversification efforts and develop more export industries, according to a new report by...
Women in Qatar may be ambitious and eager to join the workforce upon graduation, but they constantly face invisible barriers of tradition in a male-dominated society. More Qatari women have university degrees than men, yet female participation in the workforce...
QNB Group announces financial results for the three months ended 31 March 2013  QNB Group's Key Financial Indicators: • Net Profit exceeded QR2.1 billion, up by 6.7% from same period last year • Total Assets stood at QR380 billion, up by 22.2% from...
EIU's report on Business Environment in GCC Countries indicates quite a revelation even as the region continues to display positive economic trends As country after country across the globe found itself plummeting from the pedestal of business and economic security,...
A real estate developer, partly owned by Qatar's sovereign wealth fund, revealed grand plans to build a USD 5.5 billion island off the coast of Doha, to house 25,000 FIFA World Cup 2022 fans. The "Oryx Island" project would be...
Qatar says it is considering a revamp of its controversial sponsorship system for foreign workers in the country and introduce a new system that is in line with international labour standards. Under the current system, all foreigners must be sponsored...
  For the first time in 40 years, Qatar has made the discovery of new gas reserves near the massive North Field. Government sources reveal that the newly discovered small offshore field contains about 2.5 trillion cubic feet of natural gas....
Ever since electronic commerce or as the popular acronym goes, e-commerce, has come into existence, there has only been positives being raved about it. The concept’s dynamics have been explored thoroughly over the course of the years and with...
Media reports show that the Qatar Airways chief has blamed a U.S. contractor for causing further delay towards completion of the Hamad International Airport (HIA). According to Dow Jones, Akbar Al Baker, CEO of Qatar Airways, the San Francisco-based Bechtel...
Reports coming from Qatar suggest the sheikhdom is planning to issue sukuk (Islamic bonds) for the first time in nearly a decade amid growing global demand for safe havens and sharia-compliant assets. Doha has mandated banks for investor meetings in...
Qatar Airways has decided to file a USD 600 million legal claim against German Emirati joint venture construction company Lindner Depa Interiors (LDI) for causing a delay to the opening of New Doha International Airport. Qatar Airways is the...
  Qatar’s first lifestyle hotel honoured as the ‘World's Leading Hotel & Residences’ at the World Travel Awards 2012 Doha, Qatar (13 December 2012) – W Doha Hotel & Residences underlined its dominance within the hospitality market at the World Travel...
The Bank of London and the Middle East (BLME), Britain's largest standalone Islamic bank, plans to set up an office in Dubai to expand on it's offerings in capital markets and wealth management. The bank is experiencing 15 percent growth...
Statistics for commuter traffic for February, released by the International Air Transport Association (IATA), showed a surge in the demand for the aviation transportation with a percentage increase of about 5.4 percent. This increase has been placed in context...
Doha's ambitions of transforming itself into the fashion capital of the Middle East got a big boost when leading Italian fashion designers and executives of top clothing brands attended a two-day fashion event. The gas-rich Gulf nation held its first ever Italian...
According to a Colliers International report, the Qatar economy has become one of the most vibrant in the Middle East and the world at large, on the back of its hydrocarbon reserves. The World Economic Forum Global Competitiveness Report for...
Qatari government has announced plans to revive Tunisia’s second refinery and is seeking a partner for the $2bn project. “The costs of the project are very high, and it may require another partner,” Khalid Al-Attiyah, Qatar’s minister for international cooperation,...
Qatar Solar Energy has launched an enormous solar panel factory in Qatar, and they even want to expand production further to 2.5 GW. Qatar, a country located halfway down the west coast of the Arabian Gulf, has an arid climate...
Place:?Qatar Story: Opening of new Eco-friendly mall Qatar sees itself as the 'greenest' gulf nation there is, re-enforcing this fact with various developments happening in this oil-rich nation. Continually adapting Eco-friendly methods,Qatar will soon become the most sustainable nation of the...
Qatar General Secretariat for Development Planning (GSDP) said on Monday it expected the country's economic growth to slow to 4.5% in 2013 from a projected 6.2% this year, due to looming risks in the global economy, particularly in the euro zone. The...
With the rise of Qatar and the UAE as new Emerging Markets, several investment opportunities are attracting foreign investors to the region. With India and China losing some steam in terms of their emerging market glitter, the Middle East is...
As Qatar steps up its preparation for the 2022 FIFA World Cup, small firms are likely to miss out on their share of the pie and not benefit from the billions of dollars dedicated for new infrastructure projects. Qatar plans...