Qatar’s Masraf Al Rayan and Al Khaliji agree to merge
Masraf Al Rayan and Al Khalij Commercial Bank (Al Khaliji) have announced that they have entered into a merger agreement on January 7th 2021.
Qatar
Qatar names a new Chief of Amiri Diwan
The new Chief of Amiri Diwan, H.E. Sheikh Saoud bin Abdulrahman bin Hassan bin Ali Al Thani, was Assistant Chief of the Diwan since September 2019.
Qatar Airways reports QAR 7 billion net loss for 2019-2020
Qatar Airways has published its Annual Report for 2019-20, highlighting the airline group’s resilience in the face of the most challenging period in global aviation’s history.
ExxonMobil Qatar names Dominic Genetti as President, GM
ExxonMobil Qatar has announced the appointment of Dominic Genetti as president and general manager for the company, effective July 1, 2020.
Qatar Petroleum to float 49% of its Qatalum stake via Qamco
Qatar Petroleum announced the IPO of shares representing 49% of the issued share capital of Qatar Aluminium Manufacturing Company (Qamco).
Qatargas signs LNG deal with PetroChina
Qatargas signs a long-term sale and purchase agreement with PetroChina International Company to supply China with 3.4 million tonnes of LNG per year.
Barwa Bank, International Bank of Qatar agree to merge
Barwa Bank and International Bank of Qatar have agreed to merge their operations, creating a new entity with total assets of QAR 80 billion.
Qatar Petroleum to sell 49% of its shares in Qatalum in a Q4 IPO
Qatar Petroleum announced that it will be offering 49% of its shares in Qatar Aluminium (Qatalum) for public offering, to give investors a stake in a state-sponsored company that enjoys lucrative return.
Qatar’s sovereign ratings affirmed; Outlook revised to Negative
CI Ratings affirmed Qatar’s Long-Term Foreign Currency and Local Currency Ratings of ‘AA-’ and its Short-Term Foreign and Local Currency Ratings of ‘A1+’.