Qatar Holding

Qatar Holding News

  • AmEx Profit Rises 12% as Customer Spending Increases

    American Express Co., the biggest U.S. credit-card issuer by purchases, said first-quarter profit rose 12 percent, beating analysts’ estimates, as customer spending improved.

  • Watsa Says Dot-Com Rally to ‘End in Tears’

    Prem Watsa, head of Canadian insurer Fairfax Financial Holdings Ltd., said investors in technology companies including Twitter Inc. may soon be crying as the stock prices are unsustainable.

  • A Little Less Rich: Qatar Gas Dominance Challenged

    Blazing gas flares 70 meters high brighten the night sky above Qatar’s Ras Laffan Industrial City. The 295-square-kilometer complex houses the world’s largest assemblage of liquefied natural gas plants and the biggest port for LNG exports on the globe. Ras Laffan chills to a fluid more gas in a year than Canada consumes and then ships it to run electric plants and warm homes from Tokyo to Buenos Aires. The gas facilities within its grounds produce almost a third of the world’s LNG exports, Bloomberg Markets will report in its May issue.

  • AmEx to Sell 50% of Business-Travel Unit for $900 Million

    American Express Co. agreed to sell a 50 percent stake in its business-travel division for $900 million as it seeks to boost revenue from corporate bookings.

  • AmEx Will Spin Off Business Travel in $900 Million Deal

    American Express Co. agreed to sell a 50 percent stake in its business-travel division for $900 million to partners that include Qatar’s sovereign-wealth fund.

  • Sutherland Joins With Energy Boutique: Business of Law

    Sutherland Asbill & Brennan LLP is combining with Arbis LLP, a boutique law firm with offices in London and Geneva that features a strong energy practice, to give the U.S. firm its first international offices.

  • Vente-Privee Seeks $11 Billion Revenue With Flash Sales Online, France’s third most-popular online retailer behind Inc. and eBay Inc., plans to more than quadruple revenue in the next decade by extending the model of flash sales that it pioneered at home.

  • Glencore CEO Ivan Glasenberg Reaps $182 Million Dividend

    Glencore Xstrata Plc billionaire Chief Executive Officer Ivan Glasenberg reaped a $182 million dividend for last year after steering the commodity trader and metals producer through a 15-month takeover of Xstrata Plc.

  • Iberdrola Advances After Qatar Holding Purchases 6% Stake for $2.8 Billion

    Iberdrola SA , the world’s biggest wind-energy company, said it will sell a stake to Qatar Holdings LLC for 2 billion euros ($2.8 billion) to cement a strategic alliance. The shares climbed 2.6 percent in Madrid.

  • Qatar Sets Up $12 Billion Fund for Distressed Foreign Assets

    Qatar, home to the world’s third- largest gas reserves, said it’s creating a $12 billion investment fund to buy distressed assets overseas and will seek to sell shares in the new entity to investors within weeks.

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