Thursday 2 October 2014
 
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NBK to sell IBQ stake to Qatari investors for $538m

National Bank of Kuwait (NBK) has agreed to sell its 30 per cent stake in its Qatari associate, International Bank of Qatar (IBQ), to Qatari investors in a transaction worth $538 million (KD155 million), at a $87 million profit. N

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Qatar in race to ready stadiums for 2022 matches

Work is now under way on five 2022 Fifa World Cup venues that are in different stages of construction in Qatar, The Peninsula said in a report. Additionally, demolition has begun on Al Rayyan Stadium that will be rebuilt to increa

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Qatari developer in $697m land deal

Qatar's Barwa Real Estate will sell land worth QR2.54 billion ($697.4 million) to the government, said the company, the latest state assistance which the indebted developer has received. In exchange for a plot in Lusail City,

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Qatar's economic growth edges up to 5.7pc in Q2

Qatar's economic growth picked up slightly to 5.7 per cent on an annual basis in the second quarter of this year as robust non-oil activity outweighed a decline in the hydrocarbon sector, official data showed on Tuesday. Real

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Grohe makes a splash at Qatar’s Kempinski

Grohe, one of the world’s leading providers of sanitary fittings, said it has won a contract from a five-star hotel in Qatar for the supply of its innovative design faucets and water fittings. The 281-room Marsa Malaz Kempin

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Grohe makes a splash at Qatar’s Kempinski

Grohe, one of the world’s leading providers of sanitary fittings, said it has won a contract from a five-star hotel in Qatar for the supply of its innovative design faucets and water fittings. The 281-room Marsa Malaz Kempin

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Indian construction group wins Qatar honours

Shapoorji Pallonji, a leading construction company based in Mumbai, was named the ‘Contractor of the Year’ at this year’s Qatar Contractors Forum & Awards 2014 ceremony. The event was held in conjunction with

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Qatar denies paying ransoms to militant groups

Qatar’s foreign minister defended on Monday his government's connections with armed militant groups in the Middle East and its involvement in negotiating the release of hostages but denied ever paying ransoms to secure their freedom.

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Qatar starts work on $577m road project

Qatar's Public Works Authority (Ashgal) has started work on the Al Wakrah parallel road extension project which will see the laying of a 11-km stretch from Al Mashaf to the Mesaieed area of Qatar at a cost of QR2.18 billion ($577 million).

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Al Meera revamps new Omani outlet

Qatari retailer Al Meera said it has completed the refurbishment of the Al Barka mall, its second unit in the Al Bera district of Oman. Al Meera has turned the facility from a supermarket to a hypermarket with a host of special fe

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