The Islamic holy month of Ramadan would unite 1.6 billion believers and would directly result to the recovery of markets particularly in the food sector.
Tags: Qatar
Qatar tops financial centers index
Qatar, according to the latest Global Financial Center Index or GFCI 14 from the Z/Yen Group, is the top financial center in the Middle East.
Egypt receives USD7 billion Gulf aid
According to Egypt's central bank governor, the country had received USD7 billion of Gulf aid out of the USD12 billion pledges from Gulf countries.
Sofitel set to expand in the Gulf region
Sofitel would be opening hotels in Qatar and Saudi Arabia. Sofitel, the luxury hotel brand, is owned by French company Accor, was said to be in active discussion to sign new hotels located in Qatar and Saudi Arabia.
Egypt returns USD2 billion to Qatar
The return by Egypt of USD2 billion to Qatar is a sign of growing tensions between the two countries.
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RWE and Qatar are currently holding talks about possible purchase of RWE's DEA oil and gas exploration and production unit.
Solarworld set to receive Qatar investment amounting to Eur35 million to become a shareholder. SolarWorld, in an announcement, said that it is seeking the backing of a number of bondholders for assistance in a debt restructuring program to allow Qatar to become a new shareholder in the company.
United Development Corp of Qatar is seeking to finalize a loan to complete its project. (Photo : Reuters)The image is the corporate logo of United Development Co.
Nebras Power would invest overseas. Qatar has created a US$1 billion investment firm to expand its businesses in Barclays Plc to power and water assets in foreign countries.
Qatar's investment firm Qatar Foundation Endowment purchases five percent shareholdings in Bharti Airtel.
VTB IPO worth US$3.3 billion snapped up by sovereign wealth funds in Azerbaijan, Norway and Qatar. VTB, the second largest financial institution in Russia, has announced that subscribers have bought the entirety of its 102.
Qatar has finalized payment and transfer terms for Printemps. Qatar has finalized its agreement to acquire French retailer Printemps for Eur 1. 6 billion or US $2.
Aid in the form of bond deposits is what Qatar has given to Egypt in the latest round of assistance.
Doha Global Investment Co is backed by Qatar Holding for Eur2.3 billion and the IPO is expected to raise the same amount.
