Business

UDC Accepts Conditional Offer to Buy 40 Percent of its Share in Qatar Cool

Qatar NewswireComments Off on UDC Accepts Conditional Offer to Buy 40 Percent of its Share in Qatar Cool

Doha: United Development Company announced its acceptance of a conditional offer to purchase 40 percent of its share in the Qatar Cooling District Company (Qatar Cool).

The offer was submitted by the Qatar Investment Authority (QIA) for QR 800 million, according to a statement by the United Development Company (UDC) published on the Qatar Stock Exchange (QSE) website.

All the relevant laws and, regulations and the applicable procedures set out in the Companies Law No. (11) for the year 2015 and its amendments in Law No (8) for the year 2021 were taken in consideration.

Source: Qatar News Agency

Qatar Newswire

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CBB 12 Month Treasury Bills Issue No. 116 oversubscribed by 142%

Qatar Newswire

Manama, This week’s BD 100 million issue of Government Treasury Bills has been oversubscribed by 142%.

The bills, carrying a maturity of 12 months, are issued by the Central Bank of Bahrain (CBB), on behalf of the Kingdom of Bahrain.

The issue date …
Business

QSE Index Closes 0.25 Percent Higher

Qatar Newswire

Doha: The Qatar Stock Exchange (QSE) general index closed at 9,408.52 points on Monday, 23.07 points (0.25 percent) up from its previous closing.

A trading volume of 136,363,009 shares was registered in 15,394 transactions in all sectors, with a tota…
Business

Gold Recoups from 2-Week Low as Traders Eye US Inflation Data

Qatar Newswire

Singapore, Gold prices drifted higher on Monday from a two-week low hit in the previous session as traders gauged fading hopes of US interest rate cuts ahead of a key inflation report due later this week.

Spot gold was up 0.4% at $2,342.73 per ounce,…

Business

UDC Accepts Conditional Offer to Buy 40 Percent of its Share in Qatar Cool

Qatar NewswireComments Off on UDC Accepts Conditional Offer to Buy 40 Percent of its Share in Qatar Cool

Doha: United Development Company announced its acceptance of a conditional offer to purchase 40 percent of its share in the Qatar Cooling District Company (Qatar Cool).

The offer was submitted by the Qatar Investment Authority (QIA) for QR 800 million, according to a statement by the United Development Company (UDC) published on the Qatar Stock Exchange (QSE) website.

All the relevant laws and, regulations and the applicable procedures set out in the Companies Law No. (11) for the year 2015 and its amendments in Law No (8) for the year 2021 were taken in consideration.

Source: Qatar News Agency

Qatar Newswire

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Business

Turkish Authorities Arrest 8 on ISIS Affiliation Suspicion

Qatar Newswire

Turkish authorities said that they arrested eight people on suspicions of being members of ISIS, in a security operation that took place in the south of the country.The authorities said that the people in question entered the country illegally. Securi…
Business

Product prices increased in Palestine during March

Qatar Newswire

Ramallah – Ma’an – The Central Bureau of Statistics said that the general index of producer prices recorded a sharp increase of 5.00% during the month of March 2024 compared to the month of February 2024a, and the general index reached 146.38 during t…
Business

Oil Prices Slip on Dollar’s Strength

Qatar Newswire

Singapore: Oil prices nudged lower for a second straight session on Monday, weighed down by a firmer dollar as expectations of interest rate cuts were pushed out further following strong US jobs data on Friday.

Brent crude futures and US West Texas I…