Qatar: CapitaLand's wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has secured a contract to manage a 229-unit premier serviced residence in Doha, its second property in the capital city of Qatar. The new serviced residence - Ascott Doha - is scheduled to open in the second half of 2011. [AMEInfo.com]
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Ascott enhances presence in Gulf Cooperation Council Countries with first Ascott-branded property in Doha
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Qatar to establish new university
Qatar: The Qatar Foundation is planning to set up a new university at the Education City, the Peninsula has reported. The multi-disciplinary Hamad bin Khalifa University will combine the learning, teaching and research being carried out at the branch campuses of the universities and other academic centres. [AMEInfo.com]
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Qatari publishing firm launches Tamil weekly
Qatar: Qatari newspaper publishing house Dar Al Sharq has launched a Tamil language weekly from Doha, the Peninsula has reported. The 'Virakesari' Middle East Weekly will be published in association with the Sri Lanka-based Express Newspaper and will cater to Tamil speaking residents of Qatar and the Middle East region. [AMEInfo.com]
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HSBC appoints new Head of Private Banking in Qatar
Qatar: Mr. Talal Alghalib was appointed as the new Market Head of Private Banking in Qatar. He joins the bank after an extensive career in advisory services that stretches over a decade. [AMEInfo.com]
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Qatari Diar to buy $275m Singapore Raffles hotel
Qatar: Canada-headquartered Fairmont Raffles Hotels International (FRHI) has announced the sale of the Raffles Hotel in Singapore to Qatari Diar is expected to be finalised this week for $275m (Dhs1.01bn), The National has reported. "I'm hoping by the end of this week that [the sale] will be announced," Chris Cahill, chief operating officer of Fairmont Raffles, which currently owns the property. "It's very imminent. We're very close to finalising that agreement." The deal comes after an $847m agreement last year allowing the developer to purchase the hotel after it bought a 40% shareholding in Fairmont Raffles Hotels International. [AMEInfo.com]
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Stats Group completes a six-figure valued pipework maintenance contract on behalf of Dolphin Energy in Qatar
Qatar: Stats carried out the planned maintenance on a 36" gas pipeline on board the DOL-2 platform in the North Field, the world's largest single gas field, located north east of Ras Laffan. A team of four Stats isolation technicians deployed a remotely controlled Tecno Plug to provide double block and bleed isolation. [AMEInfo.com]
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Nasser Bin Khaled Automobiles takes automotive experience to new hi tech dimension
Qatar: Nasser Bin Khaled Automobiles, the exclusive dealers of the iconic Mercedes-Benz in Qatar, has taken the automotive world of car fans to a new hi tech dimension with the application of the QR Code. Standing for Quick Response Code, the QR Code is part of NBK Automobiles enhanced social communications initiatives that aims at offering Mercedes-Benz enthusiasts the ultimate and most exciting experience. [AMEInfo.com]
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ROTA and Islamic Relief improve access to education in Gaza with the inauguration of 22 schools
Qatar: Qatar Foundation's Reach Out To Asia (ROTA) and Islamic Relief Worldwide celebrated the closing of the project Improving Educational Access and Quality project targeting Palestinian students in the Gaza Strip. [AMEInfo.com]
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Qatar's Aamal to list shares on London Stock Exchange
Qatar: Qatar's Aamal is set to list its shares on the London Stock Exchange next month, as global depositary receipts (GDRs), Reuters has reported. The diversified trading, property and industrial company will list up to 118.8 million shares, or 24% of its share capital, in the form of GDRs to institutional investors. "We see major opportunities coming into Qatar. This will increase our visibility and provide more liquidity to international investors seeking more exposure to Qatar's powerful economic growth story," Aamal's chief operating officer Mohamed Dobashi said. [AMEInfo.com]
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Juniper Networks highlights open, scalable and secure mobile networking at Qatar's Qitcom
Qatar: Juniper Networks announced its participation at the Qitcom information and communication technology event, taking place in Qatar, May 24-26, 2011. Organized by ICT Qatar, the Supreme Council of Information and Communication Technology, Qitcom Conference and Exhibition will gather under one roof leading local, regional and international speakers and companies in the Middle East's ICT industry. [AMEInfo.com]
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Qtel connects to the Tata Global Network-Gulf cable project
Qatar: Qtel announced the successful landing of the Tata Global Network (TGN) Gulf high-capacity submarine fibre optic cable in Sumaismah, north of Doha, Qatar. When the new link is fully functional by the end of the year, it will instantaneously route traffic from Qtel customers to Mumbai, India and onwards to the rest of the world, via the Tata Global Network. [AMEInfo.com]
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Ras Girtas in bid to expand Ras Laffan C power plant
Qatar: Faisal Al Siddiqi, CEO of Qatar's Ras Girtas Power Co, a partnership involving Qatar Electricity and Water Co and GDF Suez, has announced plans for a bid to expand the 2,730-megawatt Ras Laffan C power plant that the venture built and which reached full capacity last month, Bloomberg has reported. The plant will be expanded by 750 megawatts, and capacity for desalinating water will increase 40% to 333 million litres a day by 2014, he said. The facility started operating last year and reached full capacity as of April 1. [AMEInfo.com]
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GBI and Interoute to offer seamless communications between the Gulf and Europe
Qatar: Gulf Bridge International (GBI), the Middle East's first privately owned submarine cable operator, and Interoute, owner operator of Europe's most advanced next-generation network, are pleased to announce two new agreements, which will be delivered on the network extension agreement that was signed in Nairobi last year. [AMEInfo.com]
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Barwa Real Estate recovers 1.90%
Qatar: The Qatar Exchange Index ended a two-day downturn on Tuesday, closing a quarter percent higher at 8,375.19 points. Barwa Real Estate surged 1.90% to close at SR29.50. As most real estate shares in Qatar, Barwa suffered heavy loses in May. [AMEInfo.com]
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Meeza and Qatar Computing Research Institute establish cloud computing research facility
Qatar: Meeza QSTP LLP, a Qatar -based IT managed services and solutions provider, and Qatar Computing Research Institute (QCRI), a member of Qatar Foundation for Education, Science and Community Development, announced plans to collaborate on a number of technology-focused, research-and-development activities in the area of cloud computing. [AMEInfo.com]
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HSBC announces new Head of Business Banking in Qatar
Qatar: HSBC Bank Middle East has announced the appointment of Mr. Simon Burdett as Head of Business Banking, Qatar. Mr. Burdett has over 13 years experience in banking and finance, with a wealth of knowledge across all aspects of banking coupled with a particular focus on SMEs. [AMEInfo.com]
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Qatar Project Management shapes discussions at Public Safety and Security Summit
Qatar: Qatar Project Management (QPM), one of the region's premier project management companies and the first Qatari firm in the field, concluded its diverse participation at the Qatar Public Safety and Security Summit (QPSS), which hosted 120 regional and international industry professionals. [AMEInfo.com]
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Qatar Exchange finishes flat
Qatar: As the UAE, Qatar has to wait six months more until index provider MSCI decides whether it will upgrade the gas-rich state to 'emerging market' from 'frontier market'. The QE Index closed unchanged at 8,217.42 points. Commenting on the decision a spokesman for the QE said that: "Qatar Exchange views the decision as recognition of the positive steps taken by the Exchange and the regulators in Qatar to meet the requirements of the MSCI and satisfy the needs of the International institutional investors". "We will continue to work with the regulators and all stakeholders including the investors to improve the market infrastructure, and we will continue our efforts to develop the market. We would also like to emphasize that the progress made so far has received wide international recognition and appreciation", he added. "A future upgrade to emerging market status will confirm the progress on the market infrastructure front, but does not impact the underlying economic strength of Qatar. The economy of Qatar is strong and companies listed on the QE are performing very well and attracting local and foreign investors alike. QE was the best performing market in the region last year and second best dividend paying market globally", the QE spokesman elaborated. [AMEInfo.com]
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Qatar Airways unveils new global TV commercials promoting international expansion
Qatar: Qatar Airways unveiled its newest global television campaign promoting the airline's expanding network of over 100 destinations worldwide and its award-winning cabin crew. [AMEInfo.com]
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Hospitality Management Holdings holds its first regional conference in Qatar
Qatar: HMH - Hospitality Management Holdings held its first regional conference in Qatar at the newly opened Coral Hotel - Doha. Over a fifty senior delegates from the group flew in from across the Middle East and Africa to attend the meeting organized to outline the business and marketing strategy of the company in the wake of highly challenging economic and political scenario. [AMEInfo.com]
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