According to a statement released on the Nasdaq Dubai bourse on Thursday, Qatar's Mannai Corp and Egyptian investment bank EFG Hermes assumed control of Dubai's Damas. The announcement came 75% of the Damas' shareholders accepted the consortium's $445 million offer to acquire Damas. The bidders have received acceptances representing 78.37% of...
The UAE and Qatar receive upgrades to 'Emerging Market status' by Morgan Stanley Capital Investments. The upgrade facilitates foreign investment in both UAE and Qatar. New Emerging Markets. After a wait of several years, the equity index provider Morgan Stanley Capital International...
ictQATAR, Qatar's government entity under the Supreme Council of Information and Communication Technology in its latest report titled 'Qatar’s ICT Landscape 2013: Households and Individuals' has revealed that Qatar's Internet penetration is among the best in the Arab region...
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,...
Qatar Airways has added Libyan port city of Benghazi and Ugandan city of Entebbe as the two new destinations to its African portfolio. The two cities of Africa now make the total of 16 destinations that are covered by...
Australia's top football official reignited speculations about Qatar 2022 FIFA World Cup hosting event after hinting future twists in the controversial tale. Football Federation Australia chairman Frank Lowy, re-elected for the top position, told media: ?I don?t know whether...
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...
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...
Members of the Qatari royal family are in advanced talks to buy Valentino, one of the top Italian dressmakers, a British news website reported. Permira, a London-based private equity firm which owns the Italian label, and the Emir of Qatar are...
A new research published by the World Wildlife Fund (WWF) said Qatar has the worst ecological footprint per person in the world. The wildlife and environmental organisation also said that an ever-growing demand for resources by a growing population is putting tremendous...
Qatar Airways CEO Akbar Al Baker has rubbished claims made by European airlines that Gulf carriers are unfairly grabbing aviation market share thanks to generous government handouts. Al Baker said in an interview that the 'whinging tactics' adopted by European...
Mobile broadband is the fastest-growing technology in human history, according to the 2013 edition of the State of BroadbandReport. In terms of Internet use, there are now more than 70 countries where over 50% of the population is online. The...
A German media report said on Sunday Qatar is considering buying up to 200 tanks at a cost of around two billion euros ($2.46 billion). According to a report due to be published in Monday's Der Spiegel magazine, Chancellor Angela Merkel...
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...
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...
We live in a corporate age which is in constant dynamics,always paving way to innovation and excellence. The old ways give rise to the new, belief systems change and opportunities are constantly throwing up greater challenges and growth prospects...
New market data suggests that Qatari bank lending is expected to rebound as the tiny Gulf state is all set to pump billions into various infrastructure projects. For the second half of the current year, QNB, the Middle East’s largest...
Downtown Doha to build biggest GCC manmade square, in Doha, Qatar, as part of a plan to revitalise the historic and commercial centre of the city. The developer of 'Downtown Doha' has announced its plans to construct the Gulf’s largest...
With the recently announced partnership between QNB 'the World's Strongest Bank' and PayPal, the leading global online payment service provider, QNB retail customers are set to enjoy many benefits while shopping online. Once the agreement takes effect, QNB retail customers...
The UK retail giant WHSmith has announced its plans to open eight shops at the delayed New Doha International Airport (NDIA). It is expected that the retailer will occupy around 8,000 square feet of space at the new airport,...
The economic boost in the Middle East has also extended to the stock market and stock market indices in the region. Most significant in this context are the stock markets in the UAE and Qatar which have gone up...
Qatar Airways CEO Akbar Al-Baker claimed in a controversial statement that only "two dominant carriers" have a future in the Middle East. The Qatari executive made his prediction at this week's Arabian Travel Market event in Dubai. “I still confirm that...
Qatar's state budget surplus shrunk to 2.9% of quarterly economic output in the third quarter of its 2011/12 fiscal year, amid increased public spending and dropping revenues compared with the previous three months, official data showed on Thursday. Preliminary estimates...
Qatar was recently upgraded to 'Emerging Market' from 'Frontier Market' status by Morgan Stanley Capital International (MSCI), and listed companies in the country are being watched by global investors, who seek better transparency and investor relations. According to state-owned Abu...
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...
The chase to host the 2020 Summer Games was cut down to a three horse race between Istanbul, Madrid and Tokyo after Doha and Baku were dropped from the running by the International Olympic Committee (IOC) on Wednesday. Doha, capital...
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...