Gulf Warehousing Company (GWC) has reported a net profit of QR122.2 million for the first half (H1) of the year ending June 30, 2018, an increase of 10.35 percent compared to the same period in 2018, the company announced in a statement on Sunday.
The company’s gross revenues reached QR599.6 million in H1, while the company’s earnings per share increased to QR0.21, registering a 10.53 percent rise from QR0.19 during the same period in 2018.
GWC Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor"...

United Development Company (UDC) has signed contracts with Al Darwish Engineering Company and Ramaco Trading & Contracting Company for the construction of key projects at The Pearl worth QR1.2 billion, the company announced in a statement on Saturday.
UDC has awarded Al Darwish the contract for the construction of “United School International” in Giardino Village precinct at The Pearl.
The deal was signed by UDC President and CEO Ibrahim Jassim al Othman and Executive Director of Al Darwish,"...

Schlumberger Limited (NYSE: SLB) announced today that its Board of Directors has appointed Olivier Le Peuch as its Chief Executive Officer and member of the Schlumberger Board, effective August 1, 2019. Mr. Le Peuch succeeds Paal Kibsgaard, who will retire as Chief Executive Officer effective that same date. Also effective August 1, Mr. Kibsgaard will step down as Chairman of the Board and retire as a member of the Board of Directors. Mr. Kibsgaard will retire after more than 22 years of service to the Company, including"...

Quanergy Systems, Inc., a leading provider of LiDAR (Light Detection and Ranging) sensors and smart sensing solutions, announced a partnership with Chery Automobile, one of the largest automotive manufacturers in China.

On June 20th, 2019, Chery unveiled the logo of its new brand Chery Lion, and announced its strategic plan of working with selected partners to solve technological challenges across the ecosystem. Quanergy signed on to Chery Lion’s"...

Doha
Government initiatives such as the introduction of freehold ownership law could lead to more long-term real estate investments by expatriates in Qatar, ValuStrat has said in its latest report.
According to ValuStrat Qatar General Manager Pawel Banach, the sales transaction volume accumulated to QR9.5 billion in value during the first five months of 2019.
Residential supply reached 294,700 units as of the second quarter of 2019 with the delivery of 1,700 apartments and villas in The Pearl, Lusail, Fereej"...

Ezdan Real Estate has launched a new promotional campaign offering 15-month rent-free on 500 commercial units at Ezdan Oasis, in Al Wukair, the company announced in a statement on Monday.
Ezdan Real Estate Property Management Director Hani Dabash said through this campaign the company is targeting small and medium-sized enterprises including craftsmen, entrepreneurs and companies.
The promotion will run from July 21 to September 30, 2019, he added.
Ezdan Oasis is spread over an area of one million square"...

Doha: Msheireb Downtown Doha, the smartest and most sustainable fully built city district in the world and Qatar’s destination for leisure, living and business, is intended to become home to Huawei’s Smart Experience Centre in Qatar.

The announcement was made earlier during a signing ceremony between Msheireb Properties, the developer of Msheireb Downtown Doha (MDD), and Huawei, a leading global provider of information and communications"...

The combined value of real estate deals in May 2019 stood at QR1.37bn from a total number of 331 transactions signed across all municipalities, official data show.

The number of real estate transactions in May saw a decline of 7.5 percent compared to 358 deals inked in April 2019. When compared on year-on-year basis, the number of deals has declined by 9.3 percent, according to the latest (65th) edition of Qatar Monthly Statistics released by the"...

QNA Doha Qatar has witnessed huge growth in housing and facilities in the last decade reflecting the solid economic growth witnessed by the state, according to Planning and Statistics Authority''s (PSA) 2019 census data for the buildings and facilities . During the inauguration ceremony of the 2020 Census, the data showed that the number of buildings in Qatar (completed, under construction, and under demolition) rose to 216,740 this year, compared with 148,804 in the 2010 census, an increase of 45.6 percent.

Qatar has seen a huge growth in housing and facilities in the last decade, reflecting the solid economic growth witnessed by the state, according to Planning and Statistics Authority’s (PSA) 2019 census data for buildings and facilities .

During the inauguration ceremony of the 2020 census, the data showed that the number of buildings in Qatar (completed, under construction, and under demolition) rose to 216,740 this year, compared with 148,804"...