Tapping into more than 200 years of proven natural gas reserves and substantial oil resources expected to last for years, the Qatar’s strategic long-term role in fuelling regional and global growth is clear. In recent years, Qatar has stepped up its efforts to ensure its economic growth is sustained by maintaining a competitive advantage achieved through 25.7 billion barrels of proven oil reserves and natural gas deposits in excess of 900 trillion cubic feet. It is easy to see why investors see Qatar as the Gulf’s new economic powerhouse.
By Tamara Walid, Bloomberg
QInvest, the investment bank that’s 49 percent owned by Qatar Islamic Bank, is working to conclude two “reasonable size” mandates for initial public offerings by local companies this year, its chief executive officer said.
“We are looking to conclude one transaction in the second- quarter of 2011, and the other in the second half,” Shahzad Shahbaz said in a telephone interview today. The size of the IPOs is yet to be determined, he said.
Qatar’s leading investment bank, QInvest, has exclusively won the prestigious award for ‘Best Sharia Compliant Firm’ at the Private Equity World Awards (PEWA) Gala Dinner in the United Arab Emirates.
QInvest’s Chief Executive Officer, Shahzad Shahbaz, said: “We are honored that the PEWA Awards have chosen to recognize QInvest and its achievements. This award affirms the wisdom of our investment strategy that delivers value, performance to investors and innovative investment opportunities to our clients."
QInvest, Qatar’s leading investment bank, has acquired a stake in FIITJEE Limited, India’s leading test preparation company for engineering and medical entrance examinations.
By Geetha Bhaskaran, Special to Gulf News
The Bombay Stock Exchange (BSE), Asia's oldest bourse, launched its first Sharia-compliant stock index in December in a move that could boost offerings of exchange traded funds (ETFs) and mutual funds to tap into India's fast-expanding economy.
Islamic finance in India, home to the world's second-largest Muslim population after Indonesia, is still in its infancy and the new benchmark should help channel socially-conscious investor savings of more than $1 trillion in the coming years, including from the cash-rich Gulf.
By Shirley Redpath
Energy related industries will remain significant, but infrastructure is enjoying rapid levels of investment.
While several countries in Europe and the Americas struggle to leave recession behind, many of the resource-rich economies in the Middle East are enjoying unprecedented growth rates. Contained within only 11,500 sq. km of land, for example, the small peninsular nation of Qatar has the world’s second highest per-capita income and the second fastest growing economy.
* QInvest working on potential IPOs in 2011 - CEO
* Sees expansion into Saudi Arabia, Turkey, and UAE
* No plans to cut stake in Panmure
By Shaheen Pasha
Qatar's largest investment bank QInvest sees Islamic bond issuances continuing to gain momentum in 2011 while initial public offerings may also see some revival, the company's chief executive said.
As a continued sign of its clients’ appetite, QInvest, Qatar’s leading Investment Bank, in collaboration with India’s premier financial services partner, Ambit, announced the launch of the Ambit QInvest India Fund, an open ended Shariah-compliant Indian Equities Fund.
The fund is the region’s first and India’s largest Shariah-compliant equity fund with an investment strategy that will combine dynamic equity allocation to generate returns.
QInvest LLC, a Qatari Islamic investment bank, is in discussions with a borrower in the Gulf nation to arrange the sale of an Islamic bond in the first half of next year, chief executive Shahzad Shahbaz said.
The bank, which is 35 percent owned by Qatar Islamic Bank, may also help another entity raise funds, Shahbaz said in a telephone interview from Doha on Sunday, declining to provide details.
QInvest ranked 13 among 31 sukuk underwriters this year, arranging $250m of the notes, or 1.8 percent of the total $13.7bn, according to data compiled by Bloomberg.
QInvest, Qatar’s leading investment bank, has launched a Sharia’a Compliant Enhanced Yield Note that has been met with great enthusiasm by investors, with the bank raising significantly more than expected.
“The subscription for the Note has been closed” QInvest CEO, Shahzad Shahbaz, said. “We have seen an overwhelming response from the market as investors look to maximize returns whilst maintaining capital protection”, he added.
Under the patronage of the Lebanese Central Bank’s governor, Riad Salameh, QInvest, Qatar’s leading Investment Bank, participated in Beirut Islamic Financial Institutions Forum which brought together more than 500 high-level participants from over 20 countries to discuss the challenges facing the Islamic finance industry throughout the world and the potential of its growth in the coming years.
QInvest, Qatar’s leading investment bank, has won the prestigious ‘Sharia Fund of the Year’ award at the Global Investor Future of Capital Markets forum in Dubai.
Demonstrating its strong focus on product innovation, QInvest and joint venture partner ABN AMRO, (previously Fortis Bank Nederland) , won the ‘Sharia Fund of the Year’ award by successfully closing the US$ 75million financing for the first ever Sharia’a compliant Mezzanine Shipping Fund.
Qatar’s overseas investment portfolio is growing and the country is expected to spend tens of billions of dollars in the year ahead as it expands its investments around the world, a UAE-based English daily said.
Fuelled by the largest exports of liquefied natural gas in the world, the country is already well known for its recent acquisitions of trophy assets such as the London department store Harrods and a stake in a fund that owns most of the posh business towers of the city’s Canary Wharf.
By Bradley Hope, The National
Qatar is expected to spend tens of billions of dollars in the year ahead as it expands its investments around the world.
Fuelled by the largest exports of liquefied natural gas in the world, the country is already well known for its recent acquisitions of trophy assets such as the London department store Harrods and a stake in a fund that owns most of the posh business towers of the city's Canary Wharf.