The Qatar government through it's real estate sovereign wealth fund, Qatar Diar, has agreed to financially support Barwa Real Estate by purchasing troubled Barwa assets worth USD 7.1 billion. Data from Reuters suggests that Qatar Diar, now owns a 45...
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...
Gas-rich Qatar has the highest density of millionaires in the world, where 143 out of every 1,000 households have private wealth of at least $1 million, followed by Switzerland (116), Kuwait (115), Hong Kong (94), and Singapore (82). The...
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...
A new report by the World Economic Forum (WEF) says Arab countries must improve their economic competitiveness to create more employment opportunities in the region. Findings of the Arab World Competitiveness Report were shared at the WEF Middle East meeting...
Two years ahead of it's scheduled opening, a FIFA World Cup-themed shopping mall in Doha has attracted tremendous interest from some of the world's biggest retailers. Covering an area equivalent to 50 football pitches, the Mall of Qatar is being...
Three Qatari government-owned companies have decided to set up a USD 1 billion fund to invest in overseas energy infrastructure projects. An official announcement by Qatar Electricity and Water Company (QEWC) reveals that it would establish the fund in collaboration...
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...
Qatar Holding has bought a 40 percent stake in a new 290,000-square metre skyscraper project near the centre of Milan, it was announced on Friday. Porta Nuova represents one of the most prestigious city center mixed use developments in Europe...
A real estate report highlighting the Doha real estate market is expected to remain stable and may even witness a surge in unit sales and rentals over the coming months. In the residential real estate sector, the Al Asmakh Real...
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...
The Qatar Investment Authority (QIA) is believed to be actively seeking new acquisition targets across the world to diversify its already growing portfolio of assets. A new report by the KPMG, revealing investment trends of sovereign wealth funds (SWF’s) in...
The national carrier of Qatar, Qatar Airways has been awarded the Best Cabin Crew in the World by readers of the Middle East edition of the magazine Business Traveller. The award was presented at a gala event held at...
Official government information reveals that Qatar’s job market is still heavily dominated by foreign workers, while women are working much harder than men. The first quarter data shows that for each Qatari worker, there are as many as 16 expatriates...
  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...
Qatar and UK have joined hands to establish an independent, not-for-profit institute in Doha for understanding the financing, risk appraisal and management of large complex infrastructure projects. The newly launched Institute for Infrastructure Studies will strive to become the global...
The Arab Spring did not only have long-lasting political repercussions for Middle East and North Africa, but it has also altered the region’s retail landscape and shaped the future for businesses and consumers. A new report by the Euromonitor International,...
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...
Online travel market  exceeded an estimated USD 944 million in 2012 Amadeus co-sponsors PhoCusWright report on ‘Assessing the Online Travel Opportunity: The Middle East’ Qatar’s travel market is expected to grow steadily from USD 5.4 billion in 2012 to USD 7.7...
  A new report has predicted that Qatar will soon become a "key international distribution hub" for Shariah-compliant products as the Islamic finance market grows at an unprecedented pace. Qatar Financial Centre Authority in its first 'Mena Asset Management Barometer' suggests...
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...
Although Qatar successfully won it's bid to host the World Cup in June or July of 2022 -- concerns about player health have surfaced due to Qatar's hot summer weather. This has compelled Qatar's organizers to announce a winter...
  A news report by London’s The Sun newspaper has revealed that Qatar’s sovereign wealth fund may be eyeing UK retail chain Marks & Spencer in deal worth estimated to be USD 12 billion. The retail giant boasts about 1000 global...
  The Gulf state of Qatar retained its ranking as the world’s wealthiest nation in 2012, with it's per capita income rising to USD 106,000. The Washington-based Institute for International Finance (IIF) reported that Qatar's per capita GDP at purchasing power...
 The Financial Times, one of London’s most prominent publications, has reported that Qatar is in talks with the government of UK to invest up to USD 15 billion in several key infrastructure projects. Sources close to the negotiations have revealed...
Qatar is First of Company’s Global Markets to Unify as Ooredoo At a major event in Qatar last night, leading communications company Qtel (Qatar Telecom) rebranded as Ooredoo. More than 2,000 people attended the event, which was broadcast live on Qatar...
  The Qatar-based broadcaster Al Jazeera is on the lookout for a new office in New York and may consider moving into the former headquarters of the New York Times newspaper. After the acquisition of Al Gore’s Current TV for USD...
  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....
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...
Collaboration to Accelerate Mobile Internet Adoption and Create Value for Customers Across Ooredoo Markets South Korean technology giant Samsung Electronics has signed a Memorandum of Understanding (MOU) with Ooredoo, formerly known as Qtel Group, a leading telecom company with a...