Qatar: Doha's Mohammed Hamad Al Mana Group of Companies has launched its brand new ABC Business Centre located on the top floor of Al Mana Towers, C-Ring Road, in the heart of downtown Doha. [AMEInfo.com]
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Mohammed Hamad Al Mana Group opens new ABC Business Centre in downtown Doha
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United Development Company named Silver Sponsor of CityScape Global 2012
Qatar: United Development Company (UDC), one of Qatar's leading shareholding companies, is proud to be a Silver Sponsor of CityScape Qatar 2012. [AMEInfo.com]
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Qatar National Research Fund launches its Junior Scientists Research Experience Program
Qatar: Qatar National Research Fund (QNRF), a member of Qatar Foundation for Education, Science and Community Development, announced the launch of the third cycle of its Program previously known as Young Scientists Research Experience Program (YSREP). [AMEInfo.com]
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Qatar Exchange ends three-day long losing streak
Qatar: The QE 20 Index advanced a quarter percentage point. Banks were strong in particular. Doha Bank surged 0.90% to reach QR57. Qatar Telecom or Qtel dipped 0.34% to hit QR116.30. Earlier in the day Qtel announced the dates for its recently announced rights issue. The offer to eligible shareholders close on May 24 and the terms and conditions can be seen on the firm's website. [AMEInfo.com]
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Al Faisal buys Radisson Blu hotel in Chicago
Qatar: Qatar's Al Faisal Holding has announced its acquisition of a Radisson Blu hotel in the US, adding another property to its growing portfolio of real estate assets around the world, Zawya Dow Jones has reported. The deal to buy the Radisson Blu Aqua Hotel in Chicago was handled through Seldar Holdings, the North American investment arm of Al Rayyan Tourism and Investment (Artic), Al Faisal's international hospitality subsidiary. The group hopes to own 25 hotels by 2020 in prime cities across the globe. It currently has 18 properties in the Middle East, North America, South America and Europe either in operation or under development. [AMEInfo.com]
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Ashghal appoints EC Harris and Mace to QR415m programme management contract
Qatar: Ashghal, Qatar's public works authority (PWA), has appointed a joint venture between Mace and EC Harris to deliver a major programme of social infrastructure building projects across the country. [AMEInfo.com]
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Dewan Architects and Engineers solidifies regional presence in lucrative Qatari market
Qatar: Dewan Architects & Engineers, one of the region's leading architectural and engineering consulting firms, will be showcasing a number of new regional and international projects at Cityscape Qatar being held at the Doha Exhibition Centre in Doha, Qatar, from 23rd - 25th May, 2012. [AMEInfo.com]
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Tasweek CEO discusses market fundamentals and movements at Cityscape Qatar
Qatar: Tasweek Real Estate Marketing & Development, an advisor and solutions provider serving the real estate markets, discussed market fundamentals and movements across the Gulf at Cityscape Qatar 2012, the local version of the world's largest real estate event brand running from today, Wednesday, May 23 to 25, 2012 at the Doha Exhibition Centre. [AMEInfo.com]
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Lusail Ambulance standby station officially opens
Qatar: Lusail Real Estate Development Company and Hamad Medical Corporation officially inaugurated last week Lusail City's, fully-equipped ambulance standby station. [AMEInfo.com]
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Fitch affirms Qatar Real Estate Investment rating at BBB+
Qatar: Fitch Ratings has affirmed Qatar Real Estate Investment Co's (Alaqaria) Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB+', and Short-term IDR at 'F2,' Reuters has reported. "The ratings reflect Alaqaria's strong business model, robust lessor profile and above-average lease duration for the region," Fitch said. "Finance leases provide stable, long-term rental income, which are underpinned by off-take arrangements with Qatar Petroleum and government-related entities typically 10-15 years' duration, and operational leases agreements of between five and 25 years with Qatar Petroleum -related companies," said Bashar Al Natoor, director in Fitch's EMEA Corporates team in Dubai. [AMEInfo.com]
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Mashreq Qatar opens new branch in West Bay
Qatar: Mashreq Qatar, a leading financial institution in the region announced the opening of its latest branch in West Bay, Doha. The state of the art branch is based on world class design concepts in consumer banking and one of the best designed retail banking branches in Qatar. [AMEInfo.com]
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CGC and Sepura present 1,000,000th TETRA radio to Qatar's Ministry of Interior
Qatar: Consolidated Gulf Co. (CGC), leading Qatari technology and engineering firm and its long standing TETRA (Terrestrial Trunked Radio) partner Sepura announced the delivery of Sepura's one-millionth radio. This milestone event has special significance for Qatar as the one millionth radio is an STP8000 for the Ministry of Interior (MoI). [AMEInfo.com]
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Cityscape marks Qatar's 'coming of age' in the real estate sector
Qatar: The presence of Cityscape in Qatar for the first time indicates Qatar's coming of age in the real estate and development market, according to experts at Coreo Real Estate and Relocation Company (Coreo). [AMEInfo.com]
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Barwa unveils Lusail Golf Residential Development
Qatar: Barwa Real Estate Group, one of Qatar's leading international real estate and investment groups, revealed its latest community-oriented residential property - Lusail Golf Residential Development, at Cityscape 2012, which runs from 23rd to 25th May 2012. [AMEInfo.com]
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Sharjah's GCC road show ends on high note in Qatar
Qatar: The Gulf Emirate of Qatar has witnessed dramatic economic growth and development in recent years, contributing directly and immensely to regional tourism market, especially to Sharjah which witnessed a remarkable 100% increase in the number of Qatari visitors to the emirate over the past three years, said HE Mohamed Ali Al Noman, Chairman of the Sharjah Commerce and Tourism Development Authority. [AMEInfo.com]
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Law firm signs letter of intent as anchor tenant at Qatari led major Washington D.C. real estate development project
Qatar: TFI US Real Estate Fund, Hines and Archstone, developers of CityCenterDC, confirmed the execution of an exclusive letter of intent with a global law firm, Covington and Burling LLP, as the anchor office tenant of its landmark, mixed-use development in downtown Washington, D.C. CityCenterDC is widely considered one of the largest downtown developments currently underway in the United States. [AMEInfo.com]
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Qatar Exchange and the ME-IR Society continue to promote the adoption of best practices amongst listed companies and potential issuers
Qatar: The Qatar Exchange (QE) and the Middle East Investor Relations Society (ME- IR Society) held their 3rd annual "IR Interactive Workshop" in Doha. [AMEInfo.com]
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Alpen Capital Qatar, The First Investor advise on strategic investment in Bin Omran Trading and Contracting Co.
Qatar: Alpen Capital Investment Bank, Qatar (Alpen Capital) and The First Investor QSCC (TFI) recently advised on a complicated M&A transaction which involved structuring, negotiating and acquiring a 50% stake from exiting shareholders in Bin Omran Trading and Contracting Co. (BOTC) and simultaneously selling the stake to a new investor, Hectar Real Estate Investment WLL (Hectar). [AMEInfo.com]
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Qtel declines slightly after successful completion of Rights Issue
Qatar: The QE 20 Index fell 0.40% to hit 8,474.83 points Tuesday, as shares lost acorss the board. Qatar Telecom ended down 0.43%, finishing at QR115.40. Earlier in the day, Qtel announced the successful completion of its Rights Issue. "The Rights Issue was fully subscribed and raised QR 6.8bn. The net proceeds of the capital increase will be used for general corporate purposes, including refinancing existing indebtedness. The subscribed new shares will be added to shareholder accounts after the regulatory approvals." [AMEInfo.com]
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Fleming Gulf Conferences presents the 3rd Annual Global Petrochemical Technology Conference
Qatar: To spread knowledge on the factors fueling the current growth in the technology of petrochemicals industry and the latest trends in the downstream industry, Fleming Gulf Conferences is proud to present the 3rd Annual Global Petrochemical Technology Conference - the next in it's series of highly successful and well attended events - to be held on 1-3 October 2012 at Doha, Qatar. [AMEInfo.com]
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