Fitch Ratings has assigned International Bank of Qatar’s new $2bn euro medium-term note programme a long-term rating of A+ and Short-term rating of F1. The notes will be issued by IBQ Finance Limited in the Cayman Islands. IBQ Finance is…
Category: Qatar
IMF says Qatar Petroleum revenue review begun
Qatar Petroleum (QP) is review the impact on its income of lower oil prices that could be permanently lower, the IMF’s Article IV report released on 2 April says. “The authorities are currently assessing the implications of the oil price drop for…
IMF calls for Qatar government to raise revenue as budget heads for deficit in 2016
Qatar’s government should raise revenue in response to oil prices that could be permanently lower and increase real estate transaction fees to deter land speculation, the IMF says in its annual Article IV report released on 2 April. “The large…
Qatar to keep on bidding for sports events: AFP
Sheikh Saoud Bin Abdulrahman Al-Thani, secretary general and CEO of the Qatar Olympic Committee, said in an interview published by AFP earlier this week that Qatar will continue bidding for large-scale sports events. This could theoretically mean bidding for a…
Qatar’s plans unaffected by lower oil prices, but PPP may get role
Qatar’s plans will not be affected by lower oil price, but there may be more opportunities for private finance to play a role in the country’s infrastructure, the MEED Qatar Projects Conference which opens in Doha next month will be…
No stopping Qatar 2022 World cup now
Doubts about Qatar hosting the FIFA World Cup Finals in 2022 have been decisively dispelled after allegations of corruption were dismissed by FIFA this morning. A FIFA report, which examined the behavior of nations bidding for the next two editions of…
Qatar real GDP growth to rise to 7.8 per cent in 2016: QNB
Qatar’s inflation-adjusted GDP growth will accelerate to 7.8 per cent in 2016 from 6.8 per cent this year on increases in capital spending and other non-oil factors, the September edition of Qatar National Bank’s Qatar Economic Insight says. “Qatar’s economy…
Industries Qatar results below forecast: NBK
Second quarter income reported yesterday by Industries Qatar (IQ) was below expectations, according to National Bank of Kuwait (NBK). “(It) came in at QR 1,254m, which is significantly below our and the Bloomberg consensus expectations of QR 1,690m and QR…
Doha’s World Cup Fan Zone tests 2022 cooling technology
Qatar’s Supreme Committee for Delivery & Legacy (SC) is using the Fan Zone in the Katara Cultural District in Doha to test open-air cooling technologies being developed for the FIFA 2022 World Cup finals, the Qatar daily The Peninsula reported…
Qatar statement on Sunday Times World Cup allegations
The Supreme Committee for Delivery and Legacy (SCDL) has denied any wrongdoings after the latest allegations made by The Sunday Times with regard to Qatar’s successful bid for the 2022 World Cup finals. “The Qatar 2022 Bid Committee always upheld the…