Monday 27 April 2015
 
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India seeks first cut in LNG imports under Qatar deal

India is in talks with Qatar to import at least 10 percent less liquefied natural gas (LNG) under a long-term deal after a slide in spot prices has cut demand by local buyers, an Indian government source with knowledge of the negotiations said

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Al Meera posts record $11.8m Q1 net profit

Qatar-based Al Meera Consumer Goods Company has posted a record net profit of QR43.1 million ($11.8 million) for the first quarter of 2015 as compared to QR39.2 million ($10.7 million) for the same period in 2014, marking an increase of 10 per c

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Qatar UDC registers 8pc jump in Q1 profit

Qatar-based United Development Company (UDC) has registered a net profit of QR270 million ($74 million) for the first quarter, up eight per cent when compared to the same period last year. A leading Qatari shareholding companies a

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Qatari group takes major stake in three London hotels

Qatar-based Constellation Hotels has bought a majority stake in three of London’s most prestigious hotels following a ground-breaking deal. Owned by Qatar Holding - the region’s sovereign wealth fund - the hospitality group

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PF Chang’s opens first outlet in Qatar

PF Chang’s, an award-winning Asian bistro, opened its doors today at Villagio Mall in Doha, Qatar. The new restaurant expands the choice of locations in cities across the Middle East. PF Chang’s is a cas

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Gulf Warehousing posts 40pc jump in Q1 profit

Qatar-based Gulf Warehousing Company said it has registered a strong 40 per cent increase in its net profit for the first quarter compared to the previous year, thus giving a bullish start to 2015. Qatar-based Gulf Warehousing Com

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Cheap oil slows Saudi, UAE projects but Qatar, Kuwait rise

Low oil prices are slowing new economic projects in Saudi Arabia and the UAE but project awards have accelerated in Qatar and Kuwait, the Abu Dhabi Commercial Bank (ADCB) said in a report showing the mixed impact of cheap oil on the Gulf.

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Qatar commercial vehicle market set for 13pc growth

Increasing construction activities and rising tourism will drive the commercial vehicles market in Qatar to grow at a CAGR (compound annual growth rate) of more than 13 per cent over the next five years, a report said. Predominant

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Qatar-led group acquires 100pc of Canary Wharf

Qatar Investment Authority and Brookfield Property Partners have acquired 100 per cent of London's Canary Wharf Group (CWG) after buying out the remaining shareholders. Brookfield owned 22 per cent of CWG before the deal, said

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Masraf Al Rayan Q1 profit rises 18pc

Masraf Al Rayan, Qatar's second-largest bank by market value, reported an 18 per cent increase in first-quarter net profit on Monday, beating analysts' expectations. The bank is the fourth major Qatari lender to report its

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