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Qatar’s Biggest. Budget. Ever.

Qatar is expecting to reap a windfall of profit by expanding its gas output this fiscal year, raising its budget surplus to a whopping $6.2 billion, QNA reported Thursday night. The OPEC member is calling this...

Is Qatar going green, or just talking about it?

Qatar has become a big proponent of the “green” movement. This week alone, the country celebrated Tree Planting Day, honored Earth Hour and announced plans to enforce strict green building standards starting in April.  It’s also holding...

Arabian Biz: Bin Hammam, Khanfar among world’s most powerful Arabs

Arabian Business has released The Power 500, a list of the world’s most powerful Arabs. Two of the men in the top 10 reside in Qatar - Mohammad Bin Hammam, president of the Asian Football Federation,...

Will Qatar finally get its IKEA?

Construction on Qatar’s long-awaited “Festival City” will commence next month, Al Futtaim Group and Qatar Islamic Bank has announced. The QR6 billion project entertainment, retail, hospitality and commercial facility will be built in two phases...

Debt-hit: Penin calls out Qatar’s credit culture

Qatar is the wealthiest country in the world per capita, yet studies suggest that up to 75 percent of its citizens are in debt. Why the baffling disparity? That was the question posed by the...

Wikileaks: Qatar solicits $1 billion, angering oil companies

A new Wikileaks cable shows that in 2008, Qatar angered oil companies by asking for $1 billion in donations for its new Sidra Medical Center. Qatar is one of the world’s richest countries in terms...
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