Qatari Firm Buys Miami Hotel: Key Considerations For Hotel Acquisitions

Posted on Mar 3, 2014 in Emirates-U.S.A, UAE Law and Business

St. Regis Bal Harbour, a luxury high-rise hotel and condominium residences, sits majestically on the edge of the Atlantic oceanfront in the desirable county of Miami-Dade, Florida. Just two years after its grand opening, the luxury hotel—which is estimated to have cost $1 billion to develop—under the Starwood Resorts & Hotels flag was sold to […]

Doha’s Olympic Dreams Get a Boost

The withdrawal of Rome’s bid to host the 2012 Olympics games has given a boost to Doha’s campaign to host the games. The International Olympic Committee (IOC) has placed a priority of gaining iron clad economic guarantees from potential hosts, even before the formal bidding process has begun, and that’s the reason for Rome’s withdrawal. […]

Qatar Increases Commitment to Egypt

  Qatar is pulling out all of the stops to support Egypt’s economy, post Arab Spring. Qatar’s prime minister Sheikh Hamad Bin Jassem Al Thani said that in addition to loans and bond issues Qatar is prepared to invest as much as $10 billion in the Egyptian economy. Qatar has already invested $500 million in Egypt […]

Doha Bank Considers Emerging Market Expansion

Posted on Nov 7, 2011 in Emirates-Middle East, Middle East Outlook

In advance of the MSCI’s decision whether to grant emerging market status to the UAE and Qatar, likely to come in December, Doha Bank of Qatar is making some dramatic plans for expansion. Doha Bank is seeking to make a major acquisition as early as 2012 and a bank in Turkey or another emerging market […]

Qatar Infrastructure Gets a Boost

The impact of the 2022 World Cup is already being felt in Qatar. A senior Qatari official said that the country is set to spend $150 billion on infrastructure  over the next 5-6 years. And that’s just the beginning. The Qatari government has reportedly allocated 40 percent of  its national budget to infrastructure between now […]

Continued Growth Seen (and Predicted) in Trade

Business in the UAE is picking up, according to recent reports. Foreign, non-oil trade increased 22% in the first half of 2011, as compared with the same period last year. Figures released by the Federal Customs Authority the UAE’s non-oil foreign trade increased by AED 80.7 billion to AED 445 billion. According to the figures, […]

Gulf States Use Sports to Open Doors

The Gulf States are using sports investments, in much the same way that Spain has, to position themselves as global players in numerous industries, according to Mideastposts.com. Qatar plans to use its investment as host of the 2022 World Cup as a way to build business relationships in countries where soccer is king. Qatar’s Sheikh […]

Qatar Trade with Latin America and Emerging Markets To Dominate Trade

Qatar’s trade volume is expected to grow more than twice as fast as the world average in the next 15 years, according to a study by HSBC. Thanks to deals in Latin America, Asia and MENA the rate of growth is expected to rise to 160% compared with the world average of 73%. Qatar now […]