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Posts Tagged ‘Qatar’

Clinton in Qatar seeks Persian Gulf cooperation

U.S. Secretary of State Hillary Clinton is continuing her tour of the Persian Gulf in Qatar, VOA reports. There she is scheduled to discuss regional issues with foreign ministers from the Gulf Cooperation Council.

Qatar recognizes Kosovo as independent

Qatar has recognized Kosovo’s independence, Albanian language media in PriÅ¡tina announced on Tuesday. “The Kosovo embassy in New York was officially notified of the decision,” a Kosovo Albanian government official was quoted as saying.

Singapore 4Q growth tad slower but doesn’t hurt 2010 record

Singapore’s economy expanded a tad slower than analyst estimates in the fourth quarter of last year, but that didn’t prevent the island nation rounding out a year of record growth.
 
Singapore’s economy, considered a bellwether for Southeast Asia, expanded at an annualized pace of 6.9% in the October-December period from the previous quarter, rebounding from a third-quarter slump and staying on course to become the second-fastest growing economy in the world after Qatar.

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ICC rejects Butt’s plea for delay in spot-fixing hearing

International Cricket CouncilFormer Pakistan captain Salman Butt finds himself in deeper mess after the International Cricket Council (ICC) rejected his plea to put off the spot-fixing hearing slated for Jan 6-11 in Doha. In a statement early Thursday, the ICC said that after a lengthy teleconference Wednesday Michael Beloff, the chairman of the ICC Anti-Corruption Tribunal, has [...]

FIFA boss sorry for Qatar gay remarks

FIFA president Sepp Blatter has apologised for saying gay fans should “refrain from sexual activity” if they go to the 2022 World Cup in Qatar. Homosexuality is illegal in Qatar and Blatter’s original comments provoked outrage among gay rights groups who said he should apologise or resign.

WikiLeaks tells tale of Qatar and Kosovo

Qatar’s Assistant FM Mohamad Al-Rumaihi told U.S. Ambassador Joseph LeBaron that his country did not recognize Kosovo “out of respect for Russia”.
This is according to one of the U.S. diplomatic dispatches published by the WikiLeaks website.

Qatar Nakilat, Keppel in ship servicing contract with Shell unit

A venture between Qatar Gas Transport Co. and Keppel Offshore & Marine completed an agreement to service and repair ships for Shell International Trading & Shipping Co.

The venture, Nakilat-Keppel Offshore & Marine, or N-KOM, signed a three-year contract today with the Shell unit in a ceremony at N-KOM’s shipyard at Ras Laffan industrial city in Qatar.

Qatar Gas Transport Co., a liquefied natural gas transporter, is also known as Nakilat.

Nakilat owns 80% of N-KOM, while Keppel Offshore & Marine, a subsidiary of Keppel Corp., holds the rest.

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Kate Moss stuns fans with impromptu singing in Qatar

Gig-goers at a jazz concert in Qatar were left stunned when Brit model Kate Moss reportedly jumped on stage for an impromptu performance. The supermodel paid a brief visit to the country on her way to the Maldives for a vacation, and she enjoyed a night out at the exclusive Spice Market restaurant in Doha [...]

TAPI gasline plan gets govt’s nod


LAHORE – The Federal Cabinet, which met here on Wednesday with Prime Minister Yousuf Raza Gilani in the chair, took a number of decisions in its 68th meeting; the most important among them being the approval of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project and resigning of the Defence and Defence Equipment Agreement with South Africa.
The Cabinet also expressed its satisfaction over the outcome of recently concluded third round of Strategic Dialogue with the US, as Foreign Minister Shah Mahmood Qureshi briefed its members in detail on the subject. It also reviewed the status of implementation of its prior decisions. The Cabinet was informed that some of the decisions relating to various ministries that are pending would be implemented shortly after completion of necessary formalities, which include consultations with the foreign countries and other relevant ministries and stakeholders.
Briefing the newsmen about the decisions taken by the Cabinet, Information Minister Qamar Zaman Kaira narrated salient features and significance of the Pak-US Strategic Dialogue as told to the Cabinet members.
Kaira said Pakistan was among five countries out of 184 countries of the world with whom the US was having strategic relations. He said the Dialogue had been upgraded to the Foreign MinisterÂ’s level and political engagement in five sectors had been extended to encompass 13 sectors. He described it a big achievement of the government.
Giving details of the outcome of the Dialogue, the information minister said that the US had assured five-year economic assistance package of $1.5 billion per annum under the Kerry-Lugar Act for socio-economic development of Pakistan besides announcing Security Assistance Package of $2 billion for Pakistan spread over five years.
He said Coalition Support Fund would be expedited, and Pakistan would receive $750 million by the end of November this year. The US will help modernise and upgrade the law-enforcement agencies of Pakistan including supply of necessary equipment, and $125 million had been allocated for the purpose, he added.
Kaira said the US had specified $300 million for Enterprise Fund to promote public-private partnership in Pakistan through corporate investment. He said a steering committee headed by Secretary Foreign Affairs of Pakistan and Ambassador Richard Holbrooke of the US would follow up on decisions of the Dialogue. He said the US was also briefed on the impact of the floods disaster on various sectors.
He said US President Obama, a strong supporter of democracy in Pakistan also met the Pakistani delegation and committed to visiting Pakistan next year besides inviting President of Pakistan to visit his country.
The Prime Minister has directed the Minister of Foreign Affairs to brief the Parliament about the deliberations, Kaira told newsmen.
The Cabinet deliberated upon the forthcoming Pakistan Development Forum (PDF) meeting to be held on November 14-15, 2010, and was told that Pakistan would present its future economic development vision before the prospective donor countries on the occasion, Kaira further told reporters. He, however, made it clear it was not a DonorsÂ’ Conference in which the participating countries were supposed to make commitments for support.
The Cabinet agreed with the Prime MinisterÂ’s vision that efforts be made in the Forum to have access to the international markets for the Pakistani goods to reduce dependence on assistance in future.
Talking about other decisions taken by the cabinet, he said that it accorded approval, in principle, to the draft MoU on Cooperation between Naif Arab University For Security Sciences (NAUSS), KSA and National Defence University (NDU), Pakistan.
The Cabinet approved in principle the draft Land Surveying and Mapping Bill 2010 and referred it Law and Justice Division for vetting. It also accorded approval to the re-signing of the agreement concerning “Defence and Defence Equipment” with South Africa for a period of five years.
The Cabinet also gave approval for signing of agreements between the Government of the State of Qatar and the Government of Pakistan.
To a question about TAPI gas pipeline agreement to import gas from Turkmenistan, the minister said Pakistan neither accepted any foreign pressure in respect of Iran Gas Pipeline Project nor will it do so in case of TAPI agreement on gas import.
A draft Bill for regulating Hajj, Umra and Ziarat also came under discussion, and was referred to a Cabinet Committee which would include Ministers for Religious Affairs, Tourism and Law and Justice. The Cabinet observed that at present tourism laws do not cover the specific problems of the pilgrims who have to travel abroad to perform religious rituals. The meeting identified certain areas in which the tour operators and the travel agents mislead the pilgrims for which there were no legal remedies to address their grievances.
The Cabinet was briefed by the Secretary, Ministry of Food and Agriculture on the availability of the food items including wheat after the floods. He briefly mentioned about the damages caused to the agriculture sector and the remedies undertaken by the Ministry of Food and Agriculture. The Cabinet was further apprised of the Rabi Assistance Package for the supply of free seeds and fertilizers to the farmers in the flood-affected areas. The Cabinet after deliberations decided to refer the matter to Economic Coordination Committee (ECC), which would meet shortly on urgent basis to consider the matter.
Replying to a question, he said that Pakistan would decide the time for launching of military operation in North Waziristan. To another question about imposition of flood tax on the rich as desired by US Secretary of State, Hillary Clinton, the minister just confined himself to saying that those out of the tax net must be brought under it without stating in categorical terms that government was going to tax them.

K. Albanian leader announces new recognitions

Kosovo Prime Minister Hashim Thaci said that Qatar has recognized Kosovo’s independence, while Kuwait and Oman are expected to do the same soon. “I have received confirmation from the Prime Minister of Qatar and from the country’s prince. Now we are just waiting to make it official according to the laws in Qatar,” Thaci said.

Yangzijiang upgraded to Buy by OCBC with $1.60 target

OCBC Investment Research has upgrade Yangzijiang (BS6.SG) to Buy from Hold on improved upside to its $1.60 target price after last month’s pullback, according to Dow Jones.

OCBC says shipbuilding orders in China picking up, with risk of order cancellations low as long as there’s no fallout from current troubles in euro zone. Adds latest investment in company for 2.24% stake by Qatar’s QD Asia Pacific will allow China-based Yangzijiang to expand into Middle East.

Shares +1.5% at $1.37.

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Agricultural Bank of China seeks 1-year, US$1b lock-ups from Qatar SWF, Temasek

The Agricultural Bank of China (ABC.UL) is close to signing up cornerstone investors, including Temasek (TEM.UL) and Qatar’s sovereign fund, for its roughly US$20 billion ($28.2 billion) Hong Kong and Shanghai IPO, sources involved with the deal said today, with the bank hoping to get a longer-than-normal one-year lock-up.

Cornerstone investors for Agricultural Bank’s Hong Kong listed H-share offering are expected to invest between US$100 million and US$1 billion each, the sources said.

Interested sovereign funds, which also include Kuwait and China Investment Corp, are in talks to buy up shares worth closer to the US$1 billion mark.

Agricultural Bank’s underwriters are in talks to sign up around 20 cornerstone investors, the sources say, with the final list expected to be wrapped up this weekend.

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Peace proposed theme for 2022

Qatar and South Korea’s bids to host the 2022 World Cup are campaigns based on bringing peace to their regions, Asian Football Confederation President Mohamed Bin Hammam said. “I understand the reason behind the (Korean) bid, it is a noble reason. The concept is one of bringing peace to the

Holbrooke: U.S. led similar wars in Kosovo, Bosnia

The U.S. led and won wars in Bosnia and Kosovo, similar to the one it is currently fighting in Afghanistan, says Richard Holbrooke. The former Clinton administration Balkans envoy, now U.S. Special Representative for Afghanistan and Pakistan, spoke in Doha, Qatar.

Irish games prove mettle

Saturday evening wrapped up an exciting weekend of Irish sports at the Dubai Duty Free Gulf Gaelic Games held at the 7even’s Stadium. Contact sports carry injury risk as Qatar Football Ladies Captain Nuala Owens found out during a spirited defence in front of her goal posts where her shoulder

Roger Milla to push Qatar bid

The Qatar 2022 Bid Committee has announced African World Cup legend Roger Milla as bid ambassador. The former African Player of the Year played a starring role in Cameroon’s magnificent 1990 run to the World Cup quarterfinals, scoring four goals and achieving fame for his charismatic displays.

Dayen wins ultra-filtration project in Qatar

Water and wastewater treatment specialist Dayen Environmental says it has signed a new contract with Waagner Biro Qatar W.L.L. for a new ultra-filtration project in Qatar.

The contract, which is valued at US$583,000 ($814,626), will entail the design, supply, installation and commissioning of an ultra-filtration system for a treated sewage effluent polishing plant for Waagner Biro.

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ARA plans Singapore Islamic REIT with Qatar property: Update

ARA Asset Management (ARAM.SI) and Qatar’s Regency Group plan to launch the first real estate investment trust in Singapore that will comply with Islamic principles, as investor interest returns to the REIT sector. 
 
The proposed Islamic or sharia-compliant REIT will comprise hotels and service apartments in Qatar with an initial portfolio of around 164,000 square metres of gross floor area, said ARA, which is part-owned by Hong Kong property giant Cheung Kong. 
Islamic finance is one of the world’s fastest growing banking sectors 

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ARA signs MOU with Qatar-based Regency Group to set up first Shariah-compliant REIT in Singapore

ARA Asset Management (ARA) says it has signed an Memorandum of Understanding with Qatar-based Regency Group to jointly manage a Shariah-compliant real estate investment trust (REIT) to be listed on the Singapore Exchange.

The proposed REIT is expected to comprise primarily of hospitality properties, including hotels and serviced apartments, located in Qatar, which will be contributed by the Regency group as the sponsor of the REIT.

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LNG expands in Australia: Explosive growth

Australia is becoming one of the world’s biggest exporters of gas

WALLAROOS, bandicoots and other marsupials on Barrow Island off the north-west coast of Australia will watch curiously over coming months as workers start building a huge plant to liquefy natural gas there. The project, called Gorgon after the group of gasfields lying under the seabed nearby, had been on the drawing board for 30 years before a surge in demand for gas from booming Asian countries finally got things moving. Jon Chadwick, an executive vice-president at Royal Dutch Shell, which is involved in Gorgon and several other liquefied natural gas (LNG) schemes nearby, predicts that by 2020 Australia could become the world’s second-biggest exporter of LNG (it is now fifth), surpassed only by Qatar.

Australia has long been considered a “lucky country” thanks to its wealth of natural resources. Prodigious exports of iron ore, coal and other commodities have helped it survive the global downturn without a recession. Ken Henry, Australia’s most senior financial bureaucrat, talks of “a period of unprecedented prosperity” ahead. If so, gas will be one of its main drivers, dwarfing even earlier resource booms in its scale. …