 | Minister calls for realistic
valuation of real estate WITH the construction boom in
Qatar, the need for measures to
maintain the new-found real
estate wealth has become more
imperative, Minister of Justice
HE Hasan bin Abdullah al
Ghanem said while speaking at
the Qatar Islamic Bank´s...
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| | Chevron signs LNG supply
deal with Chubu Electric |  CHEVRON has signed a preliminary
agreement to supply
Japan´s Chubu Electric Power
Company with liquefied natural
gas from its Wheatstone
plant in Australia, the US oil
major said on Tuesday.
Under the non-binding
agreement, Chubu Electric
will buy 1 million tonnes per
year (mtpa) of liquefied natural
gas (LNG) for up to 20
years.
The agreement adds to supplies
that Chubu, Japan´s
third largest utility, has
already agreed to buy from
another Chevron-operated
Australian LNG project,
Gorgon LNG.
"Chubu is a long term customer
of our Australian natural
gas portfolio and is due to
receive 2.5 mtpa of LNG collectively
from the Gorgon and
... | | | Ebrahim
appointed
CEO of UDC |  THE United Development
Company (UDC), one of
Qatar´s major publicly traded
shareholding companies, has
appointed Ebrahim Mubarak
al Sulaiti as new chief executive
officer.
The appointment, which
was approved by the board of
directors on Tuesday, will see
Sulaiti serve under the leadership
of a newly appointed
executive committee formed
by the UDC board.
With a degree in architecture
from the University of
Miami, Florida, Sulaiti brings
to the role a wealth of technical
and business experience.
"I am proud to welcome
Sulaiti as CEO of the company,"
said UDC Chairman
Hussain Ibrahim Alfardan.
"As we move into a new phase
of consolidation and ... | | | RBI cuts repo rate by 50 bps |
 INDIA´S first interest rate cut
in three years may be its last
for a while. The Reserve Bank
of India (RBI) cut rates on
Tuesday by an unexpectedly
sharp 50 basis points to boost
the sagging economy, but
warned there was limited
scope for more cuts, with
inflation likely to remain elevated
and growth on track to
pick up, albeit modestly.
The RBI, which was tightening
monetary policy long after
central banks elsewhere
began easing, lowered its policy
repo rate to 8 percent, compared
with expectations for a
25 basis point cut in a Reuters
poll.
"RBI is indicating that there
is a limit for further rate cut
expectations, and I think they
are pretty much done with... | |
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