Thursday 23 February 2017
 
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Ooredoo 2016 profit rises 4pc to $603m

Ooredoo Group, a major telecom group based in Doha, Qatar has announced a net profit of QR2.2 billion ($603 million) for 2016, marking a 4 per cent increase over net profits accrued during the prior year. The profits were driven b

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Qatar Airways expands network in Saudi Arabia

Qatar Airways today confirmed the start of its new services to Yanbu and Tabuk in Saudi Arabia with three-weekly flights beginning May 9 for Yanbu and June 19 for Tabuk. The additional destinations take Qatar Airways’ total

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Qatar-Turkey JV wins World Cup stadium contract

Qatar's Supreme Committee for Delivery & Legacy (SC) has signed up a joint venture between local construction group Al Jaber Engineer (JEC) and leading Turkish construction firm, Tekfen Construction, as the main contractor for a 2

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Qatar banks' merger 'will be good for sector'

A proposed merger between three Qatari banks -- Masraf Al Rayan, Barwa Bank and International Bank of Qatar -- if successfully completed, would create the largest Islamic bank and the second largest bank in Qatar, and would result in a more bala

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Mwani Qatar to build 1,000 new berths for private boats

Qatar Ports Management Company (Mwani Qatar), a major developer of the country's seaports, is set to construct more than 1,000 berths at four upcoming harbours across the country in its bid to encourage marine transportation in the private s

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Mwani Qatar to build 1,000 new berths for private boats

Qatar Ports Management Company (Mwani Qatar), a major developer of the country's seaports, is set to construct more than 1,000 berths at four upcoming harbours across the country in its bid to encourage marine transportation in the private s

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Qatar to boost spending on smart infrastructure

Qatar is currently spending $500 million a week on capital projects in preparation for its ambitious Fifa World Cup 2022 extravaganza and over the next five years it is set to boost its expenditure on smart infrastructure developments, said a re

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MBC, Ooredoo launch new HD Arabic channel

Leading communications company Ooredoo has partnered with MBC Group, a free-to-air satellite broadcasting company, to launch a new high definition (HD) Arabic content channel on its IPTV service in Qatar. The new MBC + Ooredoo cha

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QIC wins shareholders' nod for $760m capital boost

Qatar Insurance Company, a leading insurer in the Gulf region, said it has won approval from the shareholders to increase its capital from QR2.41 billion ($661 million) to QR2.77 billion ($760 million). The company announced this

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Qatar building equipment rental market to top $1.9bn

Qatar's construction equipment rental market is projected to cross the $1.9-billion mark over the next five year, thanks to the surging expatriate population and the growing construction activities along with increasing government expenditur

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