Standard & Poor’s (S&P) said on 2 September that it is affirming its rating of Qatar at AA/A-1+. “The stable outlook reflects our view that Qatar’s economy will remain resilient, although we anticipate continued institutional weaknesses and an only moderate increase…
Tag: Qatar
Qatar Airways cancels Airbus A320 neo order
For full coverage of Middle East business, see MEED Qatar Airways chief executive Akbar al-Baker said today that the Qatari national carrier has cancelled its first Airbus A320neo jet and remains at an impasse with the European planemaker over delays…
SMEs invited for QR 70m of projects
Qatar Development Bank CEO Abdulaziz bin Nasser Al Khalifa, Chief Executive Officer and managing diredtor and chairman of Qatar Shell Companies Michiel Kool announced opportunities for SMEs (Abdul B/The Peninsula) For full coverage of Middle East business, see MEED Qatar Development Bank…
Ooredoo A+ rating affirmed
For full coverage of Middle East business, see MEED Fitch Ratings today affirmed Qatar’s leading telecom company Ooredoo’s long-term issuer default rating (IDR) at A+ with a stable outlook. The rating affirmation reflects the continued strength of Ooredoo’s links with…
QNB’s Finansbank deal gets thumbs-up
For full coverage of Middle East business, see MEED Moody’s Investors Service said in a report yesterday that Qatar National Bank’s (QNB’s) planned acquisition of Turkish lender Finansbank AS offers advantages for the group, but the acquisition will expose the…
Qatar launches $9bn Eurobond
For full coverage of Middle East business, see MEED Qatar is selling a triple-tranche Eurobond issue with maturities of five, 10 and 30 years, Bloomberg reported today. In total, it’s the largest Middle East bond issue ever and further evidence…
Qatar cuts health project spending
For full coverage of Middle East business, see MEED Qatar has cut its planned spending on health projects following the drop in oil prices but expenditure on World Cup-related projects should be unchanged, Reuters reported lead adviser for contracts and project management…
Bids in for Al-Shaheen PSA
For full coverage of Middle East business, see MEED Chevron Corporation, Royal Dutch Shell, Total SA, ConocoPhillips and Maersk Oil Qatar have bid for a production sharing agreement for the offshore Al-Shaheen field, which currently produces 300,000 barrels a day…
S&P forecasts lower profitability for Qatar banks
For full coverage of Middle East business, see MEED Standard & Poor’s (S&P) Ratings Services said in a report released today that it anticipates tightening liquidity, slackening credit growth and weakening profitability for Qatar’s banks in 2016. “Although the drop…
Fitch affirms QNB’s rating
Fitch Ratings has affirmed Qatar National Bank’s (QNB’s) long-term issuer default rating (IDR) at AA- with a stable outlook and has placed QNB’s viability rating (VR) of a on rating watch negative (RWN) following QNB’s proposed acquisition of Finansbank. The…