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....
February 4th, 2019 | 0 commentsQatar Insurance Company (QIC) on Sunday stated that profits surged 57% to QAR 664 million by the end of 2018. QIC’s written premiums rose 8%, reaching QAR 12.6 billion, while the value of investment revenues and other revenues amounted to QAR 863 million, according to a statement released on Sunday. The firm is injecting around QAR 10 bil...
January 28th, 2019 | 0 commentsDoha Bank has registered a net profit of QR830mn in 2018 compared with QR1.11bn in 2017 after taking “significant loan loss provision”. The bank’s board of directors chaired by Sheikh Fahad bin Mohamed bin Jabor al-Thani on Sunday decided to present a recommendation to the General Assembly to approve the distribution of cash dividends of...
January 23rd, 2019 | 0 commentsUnited Development Company (UDC), one of the leading Qatari public shareholding companies and the master developer of The Pearl-Qatar and Gewan Islands, is attracting an increasing number of visitors, as evidenced by the year-on-year increase in the number of vehicles entering The Pearl-Qatar. Over 13mn vehicles have entered The Pearl-Qat...
January 23rd, 2019 | 0 commentsThe Hamad International Airport’s phase two expansion plan, which was launched last year, will enable the airport to accommodate more than 53mn passengers annually by 2022. Phase two of the expansion plan marks a “key development in the airport’s growth and in Qatar’s transportation and communications sector,” HIA said Tuesday. In additio...
