A huge initial public offering will be presented in May for a multi-billion dollar investment company which was begun by Qatar at the beginning of 2013. Shares will be on offer to individuals, local companies and institutions. At the beginning of the century Qatar launched three giant primary issues for its own citizens, businesses and…
Category Archives: Qatar
Qatar Getting Ready for 2020 Olympics
In order to have a chance at winning their bid to host the 2020 Olympics, Qatar is speeding up work on several infrastructure projects, including the Doha Metro project. Qatar Railways’ Deputy Chief Executive Geoff Mee, said that phase 1A of the Gulf state’s $40 billion rail network will be finished by 2019, right in…
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…
Accor to Create 4,000 New Jobs in the UAE
Accor, the French hotel chain who owns Sofitel, Novotel and Ibis, has announced that it will be doubling its number of hotels in the UAE within the next three years. “The first four hotels will open sometime in the second quarter of 2012 and the Sofitel Corniche will open in December 2011,” Christophe Landais, managing…
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…
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…
Overcapacity May Slow Down Mideast Development As Travel Hub
According to the findings of a study launched by Amadeus, a travel technology partner and transaction processor for the global travel and tourism industry, problems may arise due to over investment in infrastructure and airline capacity. The Middle East has planned major investments in the travel industry, for example, $86 billion to build airports Approximately…
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…
Clinton Accuses Saudis Of Funding Terror According To Wikileaks Memo
In one more bit of information from the seemingly endless storehouse of Wikileaks documents, it has been revealed that in 2009 Hilary Clinton, the U.S. Secretary of State, accused Saudi Arabia as being the main funding source for terrorists. In the memo released on the Wikileaks website Clinton is quoted as saying, “Donors in Saudi…
America Unsatisfied With Qatar Counter Terrorism
According to a recently leaked cable sent by the US State Department last December, Qatar is the “worst” contributor to the struggle against terrorism in the Middle East. The cable, released along with the avalanche of over 250,000 classified documents by WikiLeaks this week, goes on to state that Qatari security was “hesitant to act…
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Independent Middle East News
- Salam Fayyad Resigns April 11, 2013by Mahmoud Abu Ghosh Palestinian Authority Prime Minister Salam Fayyad has reportedly tendered his resignation, after intense criticism against him within the Western-backed Palestinian Authority. It is not yet clear whether PA President Mahmoud Abbas will accept Fayyad’s resignation at this time, although the two have been at odds on several issues. PA offi […]
- Jordan & PA Coordinating Takeover of Jerusalem April 1, 2013by Eitam Abadi Jordan’s King Abdullah II and Palestinian Authority President Mahmud Abbas signed an agreement on Sunday confirming their “common goal to defending” Jerusalem and their opposition to efforts to “Judaize” Israel’s ancient capital city. PA Religious Affairs Minister Mahmoud al-Habash said the agreement confirmed Jordan’s role as protector of the […]
- Palestinian Sentenced to 6 Months for Facebook ‘Like’ March 30, 2013by Mahmoud Abu Ghosh A Palestinian man who clicked “Like” on a Facebook status criticizing a high ranking official of the Western-backed Palestinian Authority has been sentenced to six months in a PA prison facility. Anas Ismail, 29, of Salfit, near Nablus, was found guilty of “libel and slander.” Ismail said that the PA’s American-trained […]
- PA Sentences Journalist to Year in Prison March 28, 2013by Mahmoud Abu Ghosh Palestinian journalist Mamdouh Hamamreh from Bethlehem was sentenced on Thursday to one year in prison for “insulting” Palestinian Authority President Mahmoud Abbas on Facebook. He is the second Palestinian to receive this sentence on the same charges since the beginning of 2013. In early February, 26-year-old Anas Awwad from the village […]
- US Arming Syrian Rebels Through Regional Proxies March 26, 2013by Mahmoud Abu Ghosh Western-backed governments in the Middle East have dramatically increased military aid to the Free Syrian Army in recent months, the New York Times reported on Monday. America’s Central Intelligence Agency has been aiding these efforts, the newspaper added, citing air traffic data and interviews with unnamed officials as well as commande […]
- Salam Fayyad Resigns April 11, 2013