July 17th, 2019 | 0 commentsOver the next five years, the Mena region will need to invest $209bn in the power sector according to the latest MENA Power Investment Outlook 2019-2023 report issued by The Arab Petroleum Investments Corporation (Apicorp), a multilateral development financial institution. Between 2019 and 2023, Apicorp estimates that investment in the Me...
July 7th, 2019 | 0 commentsQatar-based Al Mana Malls has announced that Landmark Group will open its popular brands Centrepoint, Home Centre, Max Fashion, Shoexpress and Steve Madden at its upcoming shopping and leisure destination, Doha Mall. Doha Mall will be home to more than 250 retail stores, with over 14 anchor stores, a new FLiK Cinemas concept, 12 cinema sc...
July 2nd, 2019 | 0 commentsJust Real Estate (JRE), the leading property service provider in Qatar, is pleased to announce that it has added yet another powerful client to its ever expanding portfolio, Msheireb Properties, a subsidiary of the Qatar Foundation and the developer of Msheireb Downtown Doha (MDD), the smartest and most sustainable fully built city distri...
March 21st, 2019 | 0 commentsQatar Islamic Bank (QIB) on Wednesday announced the completion of issuing a $750 million five-year sukuk. Sukuk was priced at par with a profit rate of 3.982% and the order book was closed at $3.1 billion, representing 4.1 times oversubscription, according to the Qatari lender’s statement to the Qatar Stock Exchange (QSE). Asian investors...
March 11th, 2019 | 0 commentsQatar’s trade surplus stood at $52bn in 2018, HE the Minister of Commerce and Industry Ali bin Ahmed al-Kuwari said during the Qatar-Pakistan Trade and Investment Conference held in Doha on Sunday. The minister also announced that last year’s foreign trade witnessed a 40% growth over 2017, with exports increasing by 25% and non-oil sector...
March 5th, 2019 | 0 commentsGulf Warehousing Group (GWCS) on Monday announced establishing two subsidiaries, namely GWC Shipping Services and ION Shipping Services, with a combined capital of QAR 6 million ($1.65 million). Each subsidiary, wholly owned by GWCS, has been established as a limited liability company with a capital of QAR 3 million, according to the comp...
February 26th, 2019 | 0 commentsThe Qatar International Centre for Conciliation and Arbitration (QICCA) settled 10 commercial disputes involving QR466bn in 2018, QICCA board member for International Relations Sheikh Dr Thani bin Ali Al Thani (pictured) said on Sunday. Highlighting the centre’s accomplishments during the past years, Sheikh Dr Thani said that QICCA receiv...
February 14th, 2019 | 0 commentsBarwa Real Estate on Wednesday announced signing a QAR 1.2 billion ($332 million) financing agreement with a Qatari local bank. The seven-year deal aims to finance part of the Qatari firm’s capital expenses in 2019, the company said in a statement to the Qatar Stock Exchange (QSE). Barwa Real Estate noted that there is no conflict of inte...
February 11th, 2019 | 0 commentsBarwa Bank has launched its mobile application “for customers to meet their daily financial needs.” Barwa Bank new mobile application can be used on smart devices and is compatible with both IOS and Android. The new application is designed to offer customers speed, efficiency and maximum security while accessing their accounts and executi...
February 6th, 2019 | 0 commentsQatar Petroleum (QP) and ExxonMobil are going ahead with the more than $10bn Golden Pass Terminal LNG (liquefied natural gas) project, located in Sabine Pass, Texas. The project, which is owned by Golden Pass Products - a joint venture of QP (70%) and ExxonMobil (30%), was announced Tuesday during a special ceremony held in Washington DC....
