Qatari Diar eyes Yemen real estate project
Source: BI-ME , Author: BI-ME staff
Posted: Sun November 1, 2009 1:30 pm

QATAR. A Qatari Diar Real Estate Investment Co. unit plans to start work on a US$600 million real estate development project in Yemen on Monday, reported Bloomberg, citing an Al-Hayat newspaper article.

Al Yemania Al Qatariah Real Estate Investment & Development Co., a joint unit of Qatari Diar and Yemen’s General Holding Corp. for Real-Estate & Investment, will develop about 169 villas in the first phase of the project, the newspaper reported.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
date:Posted: April 16, 2014
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
SAUDI ARABIA. The GCC said in a statement that foreign ministers of the six-member body had met in Riyadh for a comprehensive review of measures used to implement foreign and security policies.
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