An increasing influx of foreign insurers and brokers is creating unhealthy competition, and playing a "negative role" creating "more chaos'' in the country's insurance sector. Developing Qatar as a hub for financial services "at the expense" of the country's publicly listed companies is not good, said a senior official of Qatar Islamic Insurance Company (QIIC) recently.

Ali Ibrahim Al Abdulghani (pictured), CEO of QIIC said: “The insurance market is increasingly becoming very competitive due to the influx of the foreign insurers."...

It is little known outside the industry sector that Qatar is a major destination for construction firms from Asean, especially from Malaysia and Thailand. Big names such as Gamuda, United Engineers and Sandabi Engineers from Malaysia or Power Line Engineering from Thailand all have a long-standing presence in the Qatari construction market.

This business is now likely to intensify with Qatar’s numerous ongoing infrastructure projects, spearheaded by the upcoming construction and engineering exhibition Project Qatar 2013 which will be held from May 6 to May 9 at the Doha Exhibition...

Qatar Airways, one of the leading carriers in the Mena region, is expected to make important announcements, about the most awaited opening of Hamad International Airport and the airlines’ expansion plans, at the upcoming Arabian Travel Market (ATM) in Dubai, a press statement said yesterday.

“As the premier travel show in the Middle East, ATM is the perfect"...

This partnership is of great strategic importance for the young entrepreneurs in Qatar as innovation is a key resource for economic growth.

The Al Fikra challenge supports the development of an entrepreneurship and innovation ecosystem that will boost the growth of the Qatari economy in line with the National Vision 2030, and will provide entrepreneurs with the opportunity to obtain hands-on experience as up and coming business owners.

EO Qatar members have volunteered as mentors for young entrepreneurs and students involved in this initiative, offering them support and sharing their...

DLA Piper , the global law firm, has announced Mel Sims, a partner from the corporate practice group in London, is relocating to Doha, Qatar in a move that will further strengthen its capabilities in the region. The move will take effect from 1 May 2013

Mel Sims is a long-standing partner at DLA Piper , having joined the firm in 1989. He is principally a private equity partner specialising in the financial services sector and regularly acts for private equity and banking institutions as well"......

Covidien (NYSE: COV), a leading global provider of healthcare products, today announced revised 2013 guidance and released historical financial statements adjusted for the upcoming expected discontinued operations, reflecting the planned spin-off of its Pharmaceuticals business. These adjusted financial statements cover"...

Business leaders urged Africa to realise its full potential and work with Dubai to harness the power of its key sectors, at the Africa Global Business Forum 2013, held under the attendance and patronage of H.H. Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai.

Over the two-days, more than 4,500 attendees came together to discussed"...

General Cable Corporation (NYSE: BGC), one of the most globally diversified industrial companies, reported today results for the first quarter ended March 29, 2013. Each of the Company’s three reportable segments performed as expected to start the year led by acquisitions and solid results in North America’s base businesses. Excluding certain items, adjusted earnings per share of $0.23 and adjusted operating income of $46.2 million were within management’s range of expectations for the first quarter of 2013."...

Silanis Technology today announced that Forrester Research Inc. has recognized Silanis as a Leader in e-signatures in the firm’s report The Forrester Wave™: E-Signatures, Q2 2013. The report states, “Silanis is the strongest vendor with both an on-premise and cloud offering.”

Silanis was among the select companies that Forrester invited to participate"...

With its purchase by SK Capital finalized today, the global leader in specialty additives unveiled a new corporate identity and announced plans for expansion, a broader product offering and increased emphasis on innovation. AddivantTM, the former Antioxidant and UV Stabilizer Solutions business of Chemtura Corporation, will operate as an independent portfolio company of SK Capital.

“With"...