Monday 24 July 2017
 
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Barwa

Barwa inks $207m warehouse leasing contract

Qatar-based Barwa Real Estate Group has signed a leasing contract worth QR755 million ($207 million) with Mohammed Hayil Group for Trading and Contracting for its warehouse project, Mustawdaat, in Doha. As per the agreement, Moham

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Barwa inks Madinat Al Mawater Phase Two contracts

Barwa Real Estate Company, a leading real estate developer in Qatar, has awarded a construction contract worth QR112.5 million ($31 million) to Insha Contracting and Trading Company for the second phase of its ambitious Madinat Al Mawater projec

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Barwa set to launch Phase Two of Al Mawater project

Qatar’s Barwa Real Estate will launch Phase Two of its Madinat Al Mawater project in the second quarter of 2017, a report said. Phase One, which is expected to be completed in the first quarter, will accommodate showrooms, w

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Barwa Bank posts $203m profit

Barwa Bank, a leading Shariah compliant bank in Qatar, recorded a net profit of QR738.8 million ($202.89 million) for 2016. Earnings per share rose to QR2.49, the bank said. The financing portfolio increased by 4.5 per cent from last ye

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Barwa signs $165m project finance agreement

Qatar-based Barwa Real Estate company said it has signed a new facility agreement with Qatar International Islamic Bank (QIIB) worth QR600 million ($165 million). The move is aimed at securing finance for a part of its upcoming pr

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Qatar's Barwa makes $175m land purchase in Saudi Arabia

Qatar's Barwa Real Estate, one of the Gulf Arab state's largest listed developers, said on Monday it had bought a vacant plot of land in Riyadh, Saudi Arabia, for SR659.28 million ($175.8 million). It did not give the name

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Barwa plans 12,000 housing units by 2020

Qatar-based Barwa Real Estate Group plans to complete the work on 12,000 residential units within the next four years in line with its commitment to provide homes to citizens at reasonable rents, said a report. Barwa, which has an

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Barwa plans several new projects in 2016

Qatar-based Barwa Real Estate Company plans to develop several new projects this year including a 350-unit residential project and a workers accommodation besides readying the masterplan for a 3.6 million-sq-m golf city in capital Doha, said a r

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Barwa Bank names new group COO

Barwa Bank, Qatar’s most progressive Shari’ah-compliant services provider, has appointed Nasser Rashid Al-Humaidi as the group’s chief operating officer (GCOO). Al-Humaidi, who will be directly reporting to the A

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Qatari developer Barwa inks $157m Islamic loan

Qatar's Barwa Real Estate has signed a $157.1-million sharia-compliant five-year loan, the developer said on Sunday. Barwa said it would use the money to refinance an existing Islamic financial liability but did not provide fu

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