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Sun May 9 22:20:40 EDT 2010
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Al Khaliji participates in global Syndicated Murabaha Facility of 2010 - Qatar: Al khaliji, the region's 'next generation' bank, participated recently in the $255m (QR928m) dual currency Islamic Structured Murabaha Syndicated Facility for Turkey's largest Islamic bank - Bank Asya - through Al khaliji Group Corporate and Institutional Banking. [AMEInfo.com]


Qatar participates in 13th session of ACAC General Assembly in Morocco - Qatar: HE Mr. Abdul Aziz Al Noaimi, Chairman of Qatar Civil Aviation Authority and Chairman of the Executive Council of ACAC, leaves for Doha to lead the Executive Council of ACAC meetings on 12 - 13 May 2010 in addition to participate in the 13th session of ACAC General Assembly in Morocco on 14 - 15 May 2010, that held in the Kingdom of Morocco. [AMEInfo.com]

QIB signs Istisna'a agreement to fund Al Khor residential project worth QR300m - Qatar: Qatar Islamic Bank (QIB), the world's fourth largest Islamic Bank, has announced the signing of an Istisna'a agreement for the financing of a major residential project to be built in Al Khor. Owned by Al Khor & Dakira Schemes & Services Co., construction of this significant real estate development in the north of Qatar is expected to be completed in just over two years. [AMEInfo.com]

Qatar Holding buys Harrods - Qatar: Qatar's sovereign wealth fund, Qatar Holding, has bought the UK's iconic luxury brand, Harrods Group from the Al Fayed family trust for $2.2bn. Credit Suisse advised Qatar Holding on the transaction. [AMEInfo.com]

Qatari bank to provide homes instead of loans - Qatar: The Qatar Development Bank is considering providing completed houses instead of house loans, the Peninsula has reported. ''We are looking into constructing houses at an estimated cost of QR1.2m and then hand it over to the beneficiaries instead of giving monetary support,' the bank said. The government and QDB separately provide a loan of QR600,000 for each applicant amounting to a total of QR1.2m, which many complain do not meet their needs. [AMEInfo.com]