Qatar: Royal Philips Electronics announced its participation as a Gold Sponsor and a Keynote Speaker during the Arab Future Cities Summit, which is taking place in Doha on the 23rd and 24th of April. [AMEInfo.com]
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Philips presents integrated outdoor lighting solutions 'IntelligentCity' at Arab Future Cities Summit in Qatar
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EasyPro brings internationally-acclaimed marketing guru to Qatar
Qatar: EasyPro, a Qatari company specialising in the provision of professional training in soft skills, management, finance and marketing - is organizing a day-long seminar to take place in Doha next month, featuring the internationally-acclaimed marketing guru, Professor Phillip Kotler. [AMEInfo.com]
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Visual Interactive Media and Snap Shots to participate in Aljazeera Film Festival Production Exhibition
Qatar: Visual Interactive Media and Snap Shots will be participating in the Production Exhibition at 8th Aljazeera International Documentary Film Festival, which is being held from 19 till 22 April 2012 in Doha, Qatar. The companies will be presenting the latest innovative solutions in the field of immersive media. [AMEInfo.com]
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The St. Regis Doha to open two Gordon Ramsay restaurants
Qatar: The St. Regis Doha, Qatar's newest luxury destination, announced that it will open two Gordon Ramsay restaurants in May. Headed by Michelin-starred Chef Gilles Bosquet, both restaurants will provide food enthusiasts with culinary delights inspired by Gordon Ramsay, one of the world's most famed chefs. [AMEInfo.com]
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World Investment Forum to open on 20 April in Doha
Qatar: Held in conjunction with UNCTAD XIII, World Investment Forum 2012 will discuss policies needed for making investment by multinational companies and sovereign wealth funds work for sustainable development. [AMEInfo.com]
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Qatar reveals ongoing construction projects to be worth over $250bn
Qatar: The total number of ongoing construction projects in Qatar is worth over $250bn. Industry experts have forecasted that over $100bn is being planned to be spent on development projects as part of the preparation for the country's hosting of the FIFA World Cup in 2022. [AMEInfo.com]
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QFIB announces exit of Qatar Engineering and Construction Company
Qatar: QFIB, the Shariah compliant independent bank in Qatar authorized by QFCRA, announced the exit of its entire stake in Qatar Engineering and Construction Company (Qcon) for $77, which has been sold to an undisclosed Qatari investor. Qcon is the pre-eminent EPC contractor based in Qatar. [AMEInfo.com]
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Nakilat announces its Q1 2012 financial results
Qatar: Total Q1 2012 profit from operations was QR186.6m compared with QR185.8m for Q1 2011, an increase of QR0.8m. Q1 2012 net profit after loss on derivative instruments from a joint venture was QR176.6m compared with QR188.5m for Q1 2011 after a gain on derivative instrument from a joint venture. [AMEInfo.com]
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Qatar Gas Transport Company (Nakilat) first quarter profit dips, shares dive
Qatar: The QE 20 Index declined 0.90% to close at 8,638.92 points Thursday. General Insurance gained the most (up 3.45%), while most banks performed weakly. Qatar Gas Transport Company or Nakilat plummeted 4.52%. Earlier in the day, Nakilat revealed a net profit of QR176.5m in comparison to QR188.5m for the corresponding period in 2011 due to a loss on derivative instruments. In a statement to the Qatar bourse, Nakilat commented: "The loss on derivative instruments of QR 10.0 million for Q1 2012, compared with a gain on derivative instruments of QR 2.7 million for Q1 2011, was due to a technical disqualification (for accounting purposes) of the applicable derivatives (carried in the books of the company's overseas joint venture) as hedging instruments in accordance with International Accounting Standard 39. [AMEInfo.com]
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Intercontinental Doha The City opens Strata lounge and restaurant
Qatar: Dining in Qatar is reaching new heights as InterContinental Doha The City opens Strata, its lounge and restaurant on the 30th of April. Doha's pinnacle of chic offers stunning panoramic views of the city from its premium location on levels 55 and 56 of the stunning West Bay tower. [AMEInfo.com]
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Secretary-General praises perfect organization of UNCTAD XIII
Qatar: His Excellency Nassir Abdulaziz Al-Nasser, President of the United Nations General Assembly, addressed a special session on the second day of UNCTAD XIII. The President outlined the unique relationship that UNCTAD has shared with the UN General Assembly, since it established the conference 48 years ago. [AMEInfo.com]
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UK design store L.K. Bennett opens first Middle East boutique at The Pearl-Qatar
Qatar: The Pearl-Qatar, the Middle East's most glamorous address, is now home to the first Middle East store of renowned United Kingdom fashion brand L.K. Bennett. [AMEInfo.com]
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Qatar Islamic Bank signs financing deal with Middle East Dredging
Qatar: Qatar Islamic Bank (QIB), one of the largest Islamic banks in Qatar and one of the top-five Shari'a-compliant banks in the world, has announced the signing of a deal with the Middle East Dredging Company (Medco) to finance the company's requirements to undertake access channel dredging work at the New Port Project. [AMEInfo.com]
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Qatar National Bank dips, increases its stake in Iraq's Mansour Bank
Qatar: The Doha-based Qatar Exchange (QE) 20 Index closed 0.11% lower at 8,693.43 points. The gas-rich country's largest lender by assets Qatar National or QNB fell 0.30% to QR134. Earlier in the day, QNB said it has obtained the approval of the Central Bank of Iraq take the majority in Mansour Bank in Iraq, increasings its stake from 23% to 51%. "In accordance with the memorandum of understanding, signed between the two banks, QNB Group will effectively manage Mansour Bank and provide it with needed technical and logistical support," QNB said in a statement to the Qatari bourse. Doha Bank gained against the trend, closing 0.34% higher at QR59.70. [AMEInfo.com]
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Abu-Ghazaleh highlights services' force in driving development, calls for the establishment of the Arab Coalition of Services
Qatar: Services are no longer just a sector, they are everywhere. They are the life-blood, the embedded energy and the invisible engine that drives the development of all other sectors of the 21st Century Economy due to the rapid growth of services and the newly formed knowledge-based services, the Internet, mobile networks and their creative applications in the economic and social sectors, according to Talal Abu-Ghazaleh, chairman of Talal Abu-Ghazaleh Organization (TAG-Org). [AMEInfo.com]
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Qatargas participates in UNCTAD XIII at QNCC
Qatar: Qatargas is showcasing its sustainability profile at the thirteenth session of the United Nations Conference on Trade and Development (UNCTAD XIII) which is currently being held at the Qatar National Convention Centre. [AMEInfo.com]
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GORD and QGBC to present complementing events in cooperation with BG2 Global Qatar
Qatar: GORD and QGBC announced two cutting edge sustainability events to take place in Doha on April 28th and May 01st. [AMEInfo.com]
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Qtel denies 'immediate refinancing requirements', shares dip slightly
Qatar: The Qatar Exchange 20 Index failed to benefit from the improved global sentiment Tuesday and fell 0.34% to 8,664.20 points. Qatar Telecom slipped 0.39% to QR128.90. Qatar Islamic Bank added 0.26% to reach QR77.50. Earlier in the day, Qtel said in clearification of media reports that it does not have any immediate refinancing requirements and accordingly is not undertaking any refinancing at this time. "Current year maturities will be addressed using cash on hand. As part of its ongoing financial management strategy, Qtel continually looks to optimize its funding options as part of its capital structure management," Qtel said in a statement to the Doha-based bourse. [AMEInfo.com]
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Lusail participates in Hannover Messe 2012
Qatar: Lusail Real Estate Development Company is taking part in this year's Hannover Messe exhibition in Germany with a forum titled "Sustainable Urban Communities and Infrastructure Technology - Lusail's Smart and Sustainable City." The event, considered one of the largest exhibits of sustainable technology, is taking place between 23rd and 27th April. [AMEInfo.com]
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Qatar to spare no effort in helping women to achieve their ultimate goals
Qatar: A high-level event on women in development was convened during the thirteenth session of the United Nations Conference on Trade and Development (UNCTAD XIII). [AMEInfo.com]
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