Real Estate & Economic News in Qatar from Propertyshowrooms.com

Cb is rated 'overweight' by Morgan Stanley

Fri, 15 Aug 2008 00:00:00 GMT

Morgan Stanley has initiated coverage on Commercialbank (Cb), placing an 'overweight' rating on the stock. In a report titled...

Mannai net profit up by 60pc in first half

Tue, 5 Aug 2008 00:00:00 GMT

Mannai Corporation has reported a net profit of QR80.1m in the six month period ended June 30, 2008 which is up by 60 percent compared to QR50.1m in the first half of 2007...

Diar's sales partner launches resort in London

Tue, 5 Aug 2008 00:00:00 GMT

Sotheby's International Realty Morocco, the sales partner of Qatari Diar Real Estate Investment Company, have launched Qatari Diar's Al Houara Tangier Resort in London...

Al Mazaya Qatar to raise capital to QR1 billion

Mon, 4 Aug 2008 00:00:00 GMT

Al Mazaya Qatar, a subsidiary of Al Mazaya Holding, announced its plans to issue 50 million shares in an initial public offering (IPO) at QR10 per share in the last quarter of the current year, before listing on the Qatar Exchange Market Doha Securities Market (DSM)...

Qatar sovereign fund may part-finance Al Noor Cities

Wed, 30 Jul 2008 00:00:00 GMT

Getting financing for a $200bn project such as Al Noor Cities will take some doing. Although an initial seed capital of $1bn will be provided by Sheikh Tarek bin Laden, the mastermind behind the ambitious development programme, there is the not-so-small matter of collecting another $199bn...

Kahramaa floated tender for water station at Muaither

Tue, 22 Jul 2008 00:00:00 GMT

Doha- Qatar General Electricity & Water Corporation (Kahramaa) has floated a tender for the construction of a water station at Muaither...

Doha Bank Q2 profits rise 27% to $159 million

Mon, 21 Jul 2008 00:00:00 GMT

(Arabic) The Qatar-based Doha Bank reported a 27.6% rise in its Q2 net profit to QAR 305.2 million or $83.8 million beating analysts expectations...

Qatar's Ahlibank To Expand Islamic Services

Mon, 21 Jul 2008 00:00:00 GMT

Ahlibank Qatar (ABQ) is planning to further expand its Islamic banking services, cheered by the huge earnings the form of banking has raked in...

MSM, Doha Bourse To Sign Cross-Listing Deal Today

Tue, 15 Jul 2008 00:00:00 GMT

The Muscat Securities Market (MSM) will sign an agreement with Doha Securities Market (DSM) today to facilitate cross-listing of shares of Omani Qatari Investment Holding Company (OQIHC)...

QNB aims to open branches in Sudan and Mauritania

Mon, 14 Jul 2008 00:00:00 GMT

Riding on the back of a hefty net profit of QR1.857bn posted in the first half (H1) of this year, Qatar National Bank (QNB) has drawn up ambitious plans. The second half will see the bank go into major expansion mode as it plans to open overseas branches in Sudan and Mauritania...

Work on Qatar Entertainment City begins next week

Wed, 9 Jul 2008 00:00:00 GMT

Local construction firm Redco International Company has been awarded the QR29m preliminary infrastructure package tender for Qatar Entertainment City, being developed by Abu Dhabi Investment House. The tender covers a five-month period...

Qatargas To See 1st Mega LNG Train Operational By End 08 -CEO

Wed, 9 Jul 2008 00:00:00 GMT

Qatargas Operating Co. Ltd will see the startup of the first of its four mega liquified natural gas trains by the end of 2008, increasing the company's annual LNG production to 17.8 million tons...

Qatari Banks To Post Strong Q2 Results

Tue, 8 Jul 2008 00:00:00 GMT

Qatari banks and industries are expected to deliver strong results for the second quarter (Q2) of this year, according to investment bank EFG-Hermes...