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The Saudi-Kuwaiti technical committee for border demarcation has signed a contract with New Zealand’s NZ Aerial Mapping. China and Qatar agreed to boost military co-operation at a meeting of senior military officials in Beijing
Qatar’s gas-fuelled economic boom is reflected in a burgeoning population, which has soared by 128% in just six years to 1.69m people, according to the preliminary results of Qatar Statistics Authority (QSA)’s latest census.
BAHRAIN: BMI Bank appoints new chief executive, OMAN: BankMuscat profits up, but below expectations
New owner of Malaga football club
Rising tensions between the two neighbours and complications involving Saudi Arabia, rather than any financial or technical issues, may have led to the estimated $4.5bn Friendship Bridge between Bahrain and Qatar being cancelled, GSN was told – although financial strains were also apparent in the mega-project. A source in Doha said the project was cancelled in early June, although it “has already cost millions of dollars and over 300 companies are involved. Relationships between Bahrain and Qatar are poor and KSA is claiming a strip of sea the bridge was to go through.”
New Bahrain Citibank chief, United Gulf to sell stake in Tunis International, Dollar sukuk issue ‘in third quarter’, NBK Islamic fund fully subscribed in one day, Investment Dar restructuring nears approval, Qatari Diar ‘prepares $3.5bn bond issue’, Doha Bank eyes $1bn bond sale, New evidence in DIB fraud case
Expatriates in the Gulf are used to horror stories about exit permits refused, passports withheld and people being held indefinitely under house arrest, but most accept it as one of the risks of working in a developing country
Recent tensions between Manama and Doha are forecast to cool following reported mediation efforts by the Saudis. Qatar’s Emir Sheikh Hamad on 27 May rang Saudi King Abdullah to thank him for helping to appoint a new Gulf Co-operation Council (GCC) head, a rotating post. Sheikh Hamad also rang Bahrain’s King Hamad to praise him for accepting the Saudi initiative. Qatari premier and foreign minister Sheikh Hamad Bin Jassim Bin Jabr Al-Thani was in Riyadh for talks with King Abdullah on 21 May.
Palestinian visits, South Korea trip, Deaths and marriages, Al-Madina column, Turkey visit, Europe tour, Afghanistan comments, Malaga football club, Visitors, Napolitano talks on Yemen
Sharjah-based company’s oil and gas exploration deal with Rosneft will focus on the Mena region
Abu Dhabi royal’s interest in Russian oligarchs’ duel, Meetings, Weddings, Funeral, Mining deal, Hosts Qatari leader, International relations, Australian meetings, Well-wishers
A senior delegation from the Qatar National Food Security Programme (QNFSP) visited US agricultural research institutes in January, and Britain’s Royal Agricultural College (RAC) was recently in the country for meetings
The First Investor (TFI) has said it will launch two $500m funds aimed at investing in Brazilian and Russian real estate. According to the UK’s The Financial Times, TFI will partner Gazprombank to launch a fund that will mostly focus on Moscow.
The little-known Al-Mal Bank, based in Doha, has had its licence revoked by the Qatar Financial Centre Regulatory Authority (QFCRA) for breach of regulations.
Emirates Credit Information Company has become the official body for providing credit information services in Dubai. Dubai Financial Market has appointed Abdul Jalil Yousef as chairman. Rashid Al-Shamsi has been appointed vice-chairman.
