In recent years Qatar has boosted its defense spending drastically going from being included in the top ten countries for the first time in 2015 to coming in third place this year. Only Saudi Arabia and India surpass Qatar as an importer of defense materials from the year 2007 until 2016. From 2005 until 2014… Continue Reading
Tag Archives: Qatar
Look to Qatar for New Middle East Economic Model
The founder and chairman of Colony Capital, Tom Barrack, discusses in the video below how Qatar can be an example for the rest of the Middle East, as well as the ray of hope the Tunisian group that won the Nobel Peace Prize has afforded the world. To see the video go to: Bloomberg Business. Continue Reading
Asiacell Names Amer al-Sunna New Chief Executive
Iraq’s second largest telecommunications company, Asiacell, recently announced the name of its new chief executive, Amer al-Sunna. Asiacell’s parent company, Ooredoo made the announcement in a statement released on Monday. Sunna has experience already working for Ooredoo groups in the Philippines as well as in Jordan. Last February he joined Asiacell as its managing director.… Continue Reading
Without US Support Arab States Wont Arm Syrian Rebels
Saudia Arabia and Qatar would like to arm rebel forces in Syria with heavier weapons, but without US support for such a move, they are reluctant to go ahead with their desire. Officials in Qatar and Saudi Arabia believe that more powerful arms could turn the tide of the present civil war in Syria in… Continue Reading
Qatar Boosts Financial Services with $2 Billion Investment
Much Needed Injection In order to boost the development of Qatar as a center of finance in the Middle East, Qatar’s sovereign wealth fund has been quietly injecting up to $2 billion into the finance economy to allure asset management companies to establish themselves as key players in Middle East finance. Lackluster so Far According… Continue Reading
HSBC Planning Job Cuts in Six Middle Eastern Countries
Beginning of Major Lay-Off Plan The bank which calls itself “The World’s Local Bank,” HSBC, has decided to lay-off at least 200 employees in six countries in the Middle East. The job cut of 200 in the region is just the beginning of a major reduction in worldwide employees reaching as many as 30,000 cuts… Continue Reading
Qatar Company Full Partner at Traditonal British Horseracing Event
Qipco Sponsoring British Champions Series The wealthy Gulf State of Qatar will have a key presence at one of England’s leading sports events this year as the Qatar International investment and Projects Development Holding Company (Qipco) has signed a “multi-million pound” title sponsorship deal with the British Champions Series. Karl Oliver, chief executive officer of… Continue Reading
Qatar Investing $20 Billion in Doha’s Infrastructure
The chief executive officer of Dohaland, the company which is redeveloping a portion of Qatar’s capital city Doha, has announced plans for the state run company to raise up to $2.5 billion by the end of 2013 in order to finish the project. The Musheireb project, estimated to be worth about $20 billion will include… Continue Reading
Al Jazeera Seen as a Force for Freedom in the Middle East
Mustafa Souag, the head of the news department at the Arabic language station of Al Jazeera said this past Monday, “We knew something was coming. Our main objective was to provide the most accurate and comprehensive coverage that we could by sending cameras and reporters to any place there is an event. And if you… Continue Reading
Meeting To Spur Inter-GCC Investment
In order to spur investment and trade among the Gulf Cooperation Council (GCC) Countries, the heads of state of Gulf oil producers have decided to end restrictions on local company operations. This is part of the development of a common market. The leaders of the six-nation GCC countries agreed upon plans to allow national companies… Continue Reading