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
Category Archives: Qatar
Business Traveler Awards Qatar Airways Highest Honor
For the fourth year in a row Qatar Airways was chosen as the “Best Middle East Airline” by readers in China of Business Traveler Asia Pacific. The award was bestowed on the airline during the 22nd annual Business Traveler Asia Pacific Awards which took place in Hong Kong. The awards represent the highest honor given… Continue Reading
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… 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
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… 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
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… 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
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… Continue Reading