Kuwait Restores Support For Gulf Currency In January
Kuwait strongly backs the launch of the Gulf monetary union and single currency on time in January 2010, the undersecretray of the finance ministry said on Monday, a day after the ministry demanded a delay.
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MENA private equity investment levels expected to rise
New private equity investment activity is expected to significantly increase in the MENA region in the coming 12 months, according to the latest MENA Private Equity Confidence Survey released by Deloitte.
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Primedia Qatar launches Qatar’s first personalized WAP service
Qatar: Primedia Qatar, the pioneering leader in directory/guide publishing, launched Qatar’s first mobile Yellow Pages on WAP this week. [AMEInfo.com]
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Consortium seals Qcon buy-out
Qatar: Qatar Engineering and Construction Co. (Qcon), an industrial engineering and construction contracting firm, has been acquired by a consortium that includes institutions from Qatar and Bahrain. The transaction sees Qatar America Asia Consortium (QAAC), Bahrain-based Unicorn Investment Bank, Qatar First Investment Bank (QFIB), and The First Investor (TFI), acquire 100% of QCon from Qatar Shipping. QFIB and TFI are the largest shareholders in the consortium, having each acquired a 41% stake in QCon. [AMEInfo.com]
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GWC establishes storage facility for hazardous materials at RLIC
The Gulf Warehousing Company (GWC) has set up a huge hazardous materials storage facility in the Ras Laffan Industrial City (RLIC), the hub of Qatar’s vibrant upstream industry.
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Qatar warns schools on H1N1 compliance
Qatar: Qatar’s Supreme Education Council (SEC) has warned a number of schools and some private kindergartens that non-compliance with H1N1 prevention-related directives would lead to the closure of offending institution, the Peninsula has reported. The Council has given the managements of these schools and kindergartens 24 hours to take corrective measures or face action. [AMEInfo.com]
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Kuwait Calls For Delay In Gulf Currency Launch
Kuwait, one of four Gulf states to sign a pact to launch a monetary union and single currency, on Sunday called for a delay in the 2010 launch date, citing incomplete preparations.
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Kuwait Reiterates Support For GCC Currency
The Kuwaiti Ministry of Finance on Sunday reaffirmed Kuwait’s full support for the single Gulf currency project, which it said would bolster and cement Gulf economies.
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SICO: GCC Economics - The Numbers (11-Oct-09)
Attached is our monthly report “GCC Economics - The Numbers” providing a summary of the key GCC economic statistics reported by respective central banks. The report provides comparable data for all GCC countries so that the reader can compare and contrast the trends. The report also highlights some of the key trends and tries to identify relevant parameters on a regular basis. The report covers the following:
- Broad Money Supply
- GCC Banks’ Asset, Equity, Deposits, Gross and Total Loans Extended
- Banks’ Net Foreign Asset and Central Banks FX Reserves
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Consortium acquires Qatar Engineering and Construction Company
Qatar: A Consortium comprising of institutions from Qatar and Bahrain announces that it has acquired Qatar Engineering and Construction Company WLL (QCon), one of Qatar’s leading industrial engineering and construction contracting companies specialising in the oil and gas, petrochemical, power and other industrial infrastructure sectors. [AMEInfo.com]
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Consortium acquires Qatar Engineering and Construction Company
Qatar: A Consortium comprising of institutions from Qatar and Bahrain announces that it has acquired Qatar Engineering and Construction Company WLL (QCon), one of Qatar’s leading industrial engineering and construction contracting companies specialising in the oil and gas, petrochemical, power and other industrial infrastructure sectors. [AMEInfo.com]
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Consortium Acquires Qatar Engg & Construction Co.
A Consortium comprising of institutions from Qatar and Bahrain announces that it has acquired Qatar Engineering & Construction Company WLL (QCon), one of Qatar’s leading industrial engineering and construction contracting companies specialising in the Oil & Gas, Petrochemical, Power and other industrial infrastructure sectors.
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Doha Bank launches the first eco-friendly card in GCC
Qatar: Doha Bank, one of the largest private commercial bank in the State of Qatar, in association with Visa Inc, the leading payment solutions provider, has recently launched the Go Green Visa Credit Card. [AMEInfo.com]
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Doha Bank launches the first eco-friendly card in GCC
Qatar: Doha Bank, one of the largest private commercial bank in the State of Qatar, in association with Visa Inc, the leading payment solutions provider, has recently launched the Go Green Visa Credit Card. [AMEInfo.com]
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ME Oil Exporters’ Foreign Reserves To Rise In 2010
Oil exporters in the Middle East and North Africa region are expected to increase their international reserve positions by over 100 billion dollars in 2010 as oil prices rebound, the IMF said.
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QIIC plans insurance schemes for women
Qatar Islamic Insurance Company (QIIC) is planning to launch another innovative and socially valuable insurance scheme for women in the country.
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Qatar Holding becomes Songbird top shareholder
Qatar: The investment arm of Qatar Investment Authority, Qatar Holding has announced that it has become the largest shareholder in Songbird Estates with total investment exceeding £350m, Reuters has reported. The firm had taken up its right to 24% of ordinary shares issued, in addition to its subscription to preference shares and participation in a £135m credit facility that it will provide together with other key Songbird shareholders including CIC and Morgan Stanley Real Estate Funds. Songbird is the principal owner of London’s Canary Wharf business hub. [AMEInfo.com]
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