Qatar: United Airlines celebrated the launch of daily service between Doha, Qatar and its Washington, D.C. hub, Dulles International Airport, via Dubai, on May 1. [AMEInfo.com]
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United Airlines launches daily service from Doha to Washington, D.C.
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Marcus Evans' ProSafe conference to take place in Doha
Qatar: With this in mind, the Middle East's leading process safety conference is back and this year we will bring more regional and international case studies and best-practices than ever before! This year Marcus Evans' ProSafe conference will bring together regional and international Process Safety, HSE, Technical and Operations Managers to discuss the latest challenges and developments in process safety management, providing unique case studies and the opportunity for industry benchmarking, taking place from 16 - 18 September 2012 in Doha, Qatar. [AMEInfo.com]
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Qatar Exchange slips deeper into the year-to-date red
Qatar: The QE 20 Index declined 0.66% to 8,548.26 points, mostly due to losses in the banking and real estate segment. The country's largest lender Qatar National Bank declined 0.15% to QR133.10. Doha Bank added 0.20% to reach QR57.40. General Insurance gained the most, closing six percent higher at QR50. Year-to-date the QE Index fell 2.63%, which is the worst performance in the GCC. [AMEInfo.com]
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Qatar set to increase Xstrata stake - report
Qatar: Qatar Investment Authority (QIA) plans to increase its stake, currently at 8.5%, in global mining firm, Xstrata to at least 10% and could go higher, The Financial Times has reported, citing people familiar with the matter. The Gulf country is the second largest investor in Xstrata behind commodities trader Glencore International, which has agreed a $37bn takeover of the miner, due for completion in the third quarter of 2012. The share increase could make it potentially easier for Qatar to mount a blocking vote against shareholders opposed to the merger, the report said. [AMEInfo.com]
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Qatar buys stake in Shell
Qatar: Qatar Investment Authority (QIA) has acquired a major stake in Royal Dutch Shell, while also reportedly eyeing a stake of Italian oil major ENI, Reuters has reported. A spokeswoman for Shell confirmed the purchase, while declining to detail its size, but according to the Middle East Economic Survey (MEES), Qatar's sovereign wealth fund was looking at a 3-5% stake. "We are delighted to welcome the QIA as a long term and major shareholder in Shell, and particularly given our excellent strategic relationship with the Qatari state," the spokeswoman said. [AMEInfo.com]
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Grayling consolidates its fast growing Qatar business with opening of new office in West Bay, Doha
Qatar: Grayling, the world's second largest independent communications consultancy, has opened their new Doha office firmly placing their stamp on this important market. Grayling moved from smaller premises, from where the company has performed substantial growth over the past 12 months. [AMEInfo.com]
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Alfardan Automobiles announces the arrival of the all-new BMW 320i
Qatar: Alfardan Automobiles, the official importer of BMW Group in Qatar, announces the arrival of the all-new BMW 320i in its showrooms in Doha to complete the 3 Series model range with BMW 328i and BMW 335i [AMEInfo.com]
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Vodafone Qatar rises to 4-week high
Qatar: Qatar Exchange fell the third day straight Sunday, closing at 8,536.35. Shares lost across all sectors, as worries over a hard landing of the Chinese economy and an escalation of the Euro zone debt crisis. Vodafone Qatar gained the most, ending 4.2% higher at QR9.18. Shares of bank Masraf Al Rayan finished trading unchanged. Earlier in the day, the lender said its Board of Directors approved the appointment of Mr. Ahmed Swaleh Abdi Sheikh for the post of Chief Operating Officer, subject to the approval of Qatar Central Bank. [AMEInfo.com]
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Mashreq Qatar engages next-generation financial gurus
Qatar: Mashreq Qatar, a financial institution in the region, has engaged with students at the Commercial Independent Secondary School through a series of career development programmes. [AMEInfo.com]
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Al Meera and Business Trading Company ink strategic MOU
Qatar: In its adherence to its expansion strategy, both locally and internationally, Al Meera Consumer Goods Company (owned by Al Meera Holding Company LLC) has come to agreement with Qatar's Business Trading Company (BTC) that ensures the presence of Al Meera-branded outlets in BTC projects abroad. [AMEInfo.com]
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Hilton Worldwide, Al Faisal Holding to launch DoubleTree by Hilton in Qatar with two major developments
Qatar: Hilton Worldwide and Al Rayyan Tourism Investment Company (ARTIC), part of Faisal Holding Company LLC, one of Qatar's largest private diversified industry groups, announced the joint signing of a management agreement for two new DoubleTree by Hilton properties in the Qatar capital, Doha. [AMEInfo.com]
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Standard and Poor's rates Qatar Islamic Bank 'A-/A-2' with stable outlook
Qatar: In a move that reflects Qatar Islamic Bank's sound financial position and business strategy, Standard and Poor's recently assigned its 'A-' long-term and 'A-2' short-term counterparty credit ratings to QIB with a stable outlook rating on the long-term. [AMEInfo.com]
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QGBC calls for effective utilization of recycled materials in construction
Qatar: Leading a fact-finding mission to trace how solid waste is managed in Qatar, a ten-member team comprising of representatives of founding-member organizations and the Solid Waste Interest Group (SWIG) of the Qatar Green Building Council (QGBC), conducted a series of visits across various recycling and waste management facilities in Qatar. [AMEInfo.com]
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Qatar bourse's index decline halted
Qatar: The QE 20 Index Qatar Exchange ended Tuesday a four-day series of index losses by ending 0.03% higher at 8,491.32 points. Shares of Qatar Islamic Bank gained 1.43% to reach QR77.90. General Insurance fell 2.22%. Al Meera Comsumer Goods declined 0.90%. Earlier in the day, Al Meera said that its subsidiary Al Meera Holding Company has entered into an MoU agreement with Business Trading Co., a company duly incorporated in the State of Qatar. " purpose of this MOU is to lay out the fundamental scope and terms of the proposed strategic relationship between the Parties in Tunisia, Libya, Egypt, Jordan, Oman and other jurisdictions and countries," Al Meera said in a statement. [AMEInfo.com]
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2013 Chevrolet Malibu makes its Doha debut
Qatar: Jaidah Automotive, a subsidiary of the long-established and influential conglomerate Jaidah Group, has announced the arrival in Qatar of Chevrolet's all-new 2013 Chevrolet Malibu. [AMEInfo.com]
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HEC Paris in Qatar to host Energy Major as part of international EMBA
Qatar: HEC Paris in Qatar - the region's leading hub for Executive Education, offering a complete portfolio of management programs including the first ever international Executive MBA (EMBA) in Qatar - is hosting the first part of the 2012 EMBA 'Energy Major' in Doha this week. [AMEInfo.com]
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QSTEC and QEWC sign MoU to develop power using solar energy
Qatar: Qatar Solar Technologies (QSTec) signed a Memorandum of Understanding with Qatar Electricity & Water Company (QEWC) on Sunday to commit to exploring the possibilities of developing power generation using solar energy in Qatar and beyond. [AMEInfo.com]
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Moody's affirms Qatar's Nakilat investment grade rating
Qatar: The QE 20 Index declined 0.62% to close at 8,402.97. Qatar Gas Transport Company or Nakilat declined by 1.67% to close at QR15.68. Earlier in the day, Nakilat announced that the rating agency Moody's Investors Service has reaffirmed Nakilat Inc.'s senior secured debt rating at "Aa3" and its subordinated debt rating at "A1" with a stable outlook respectively. [AMEInfo.com]
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INJAZ Qatar hosts Mubadara 2012, the 5th Annual Young Enterprise of the Year competition
Qatar: As part of its commitment to the human development pillar of the Qatar National Vision 2030, INJAZ Qatar, a non-profit organization and affiliate of Junior Achievement (JA) Worldwide, celebrated the success of Mubadara, the 5th Annual Young Enterprise of the Year competition on Saturday 19th May, 2012 at Katara. [AMEInfo.com]
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Current economic crisis is opportunity to attain UN's Millennium Development goals, says Doha Bank Group CEO
Qatar: The current global economic crisis is an opportunity to enhance gross welfare to the mass, according to Mr. R. Seetharaman, Group CEO, Doha Bank. [AMEInfo.com]
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