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Saturday, 15 Jun 2013

Qatar raises stake in struggling French conglomerate

Qatar raises stake in struggling French conglomerate
Qatar Holding has raised its stake in Lagardere to over 10 percent, making the Gulf state the largest shareholder in the struggling French media-to-aerospace conglomerate. The oil-rich emirate has been a staunch supporter of chief executive Arnaud Lagardere even as some shareholders have assailed the chief executive’s strategy for the company his father founded, which competes...

Qatar economy growth stands to 39.5% in Q3 2011

Qatar economy growth stands to 39.5% in Q3 2011
Qatar Statistics Authority (QSA) released that has registered a growth of 39.5 % in the third quarter of 2011 compared to last year figures. The GDP figures were QR 164.82 billion in the Q3 compared to QR.118.17 billion in the same period of last year whereas the growth percentage was 7.2. % in the second quarter with estimates of QR.153.73 billion. Qatar Statistics Authority (QSA) has...

Rate of unemployment on the decline in Qatar: QSA report

Rate of unemployment on the decline in Qatar: QSA report
Qatar Statistics Authority’s latest report on the labour force of the country, which is based on a survey conducted this year, has a number of positive indicators such as decline in unemployment rate, substantial increase in Qatari’s percentage in private sector and remarkable increase in female percentage of the total workforce since 2006. The survey covering 6,920 Qatari and...

Grand Opening Doha Trade Fair 2012

Grand Opening Doha Trade Fair 2012
The Doha Trade Fair 2012, (DTF 2012) – Qatar’s biggest shopping carnival of the year – gears up to welcome thousands of visitors from home and across the region when doors open on New Year’s Day. The ten-day shopping extravaganza, featuring over 570 exhibitors from 29 countries around the world, all under one roof, will include a wide range of products varying from...

Qatar treasury bills to start trading on securities exchange

Qatar treasury bills to start trading on securities exchange
Qatar has completed procedures to list government debt instruments for trade on its securities exchange, aiming to stimulate investment in them by commercial banks and other institutions, the central bank said on Monday. Trade in short-term Qatari Treasury bills will begin on the Qatar Exchange this Thursday, central bank governor Sheikh Abdullah bin Saud Al Thani said in a statement,...

National Leasing Company plans rights issue in February

National Leasing Company plans rights issue in February
The National Leasing Holding Company will discuss at its Extra-ordinary General Assembly (EGA), February next year, the offering of rights shares at the rate of one for every two held at a premium of QR 19.50 for the nominal value of QR 10 per share. The company’s Board of Directors took this decision Tuesday while drawing up its agenda for the EGA to be held February 12 as well...

Qatar injects $2bn to revive finance hub dream

Qatar injects $2bn to revive finance hub dream
Qatar’s sovereign wealth fund is quietly putting up as much as $2bn in an effort to tempt asset management companies to beef up the country’s stubbornly small financial services industry. Bankers say the Qatar Investment Authority plans to invest the money in global and regional asset managers setting up in the Gulf state, whose bespoke Qatar Financial Centre has failed so...

Doha Trade Fair returns in January 2012

Doha Trade Fair returns in January 2012
Offering the widest possible range of products under one roof, Qatar’s biggest shopping carnival of the year, the Doha Trade Fair (DTF) 2012, is geared up to welcome thousands of expected visitors from home and throughout the region when doors open on New Year’s Day. Organized by Qatar Tourism Authority (QTA) in cooperation with q.media events, the 2012 edition of one of the...

Qatar 2012 outlook positive but growth to slow, says IMF

Qatar 2012 outlook positive but growth to slow, says IMF
Qatar’s economic growth will slow next year and it faces an increased risk of lower oil and gas prices due to weaker global demand, but the overall outlook for its economy is positive, the International Monetary Fund said on Sunday. The world’s top liquefied natural gas exporter saw its economy expand at a double-digit clip in 2011 and it plans to spend heavily on infrastructure...

Call for stern action against job frauds

Call for stern action against job frauds
The National Human Rights Committee (NHRC) has called on the Ministry of Labour to take steps to unify the job contracts of foreign workers issued by recruiting agents in Qatar and the countries of origin to protect the newly recruited workers from being cheated after their arrival in the country. The issue was raised in a workshop organised by the NHRC which was attended by experts and...

Steel, metal and building material trade in Jafza up 14% last year

Steel, metal and building material trade in Jafza up 14% last year
Steel, Metal and Building Material companies based in Jafza generated trade worth AED 12.26 billion in 2010 registering a growth of 14% last year in comparison to AED 10.75 billion in 2009. The figures reflect trade of construction and building materials including iron, steel, cement, plastering materials, stone and other similar goods. Jafza officials announced these figures at the...

Malaysia and Qatar to set up US$2bil fund

Malaysia and Qatar to set up US$2bil fund
Malaysia and Qatar will jointly pump in RM1 billion (RM3.1 billion) each to set up a fund to invest in both countries and in Asia. The announcement was made by Prime Minister Datuk Seri Najib Tun Razak (pictured) and Qatari Prime Minister Sheikh Hamad Jassim Jaber Al Thani, following their meeting in Putrajaya yesterday. Sheikh Hamad is on a three-day official visit to Malaysia, his...

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