 | QEWC, QSTech sign MoU
to generate solar power QATAR Electricity & Water
Company (QEWC) has signed a
memorandum of understanding
(MoU) with Qatar Solar
Technologies (QSTec) for
exploring the possibilities of
power generation using solar
energy in Qatar ...
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| | Al Faisal Holding acquires Chicago hotel |  QATAR´S Al Faisal Holding
Company has bought the
Radisson Blu Aqua Hotel in
Chicago, adding another property
to its growing portfolio of real
estate assets around the world.
By 2020 the group hopes to own
25 hotels in prime cities across the
globe and currently has 18 properties
in the Middle East, North
America, South America and
Europe either in operation or
under development. In September
last year, Al Faisal, a privately-held
conglomerate active in the industrial,
real estate and hospitality
sectors, bought the W Hotel in
London for £200 million.
The Radisson deal was done
through Seldar Holdings, the
North American investment arm
of Al Rayyan Tourism. | | | G8 raises pressure on Iran oil |
 LEADERS of the Group of
Eight major economies raised
the pressure on Iran on
Saturday, signaling their
readiness to tap into emergency
oil stockpiles quickly
this summer if tougher new
sanctions on Tehran threaten
to strain supplies.
In unusually blunt language,
the G8 put the
International Energy Agency
— the West´s energy advisor
responsible for coordinating
reserves — on standby for
action.
It was the clearest sign yet
that US President Barack
Obama is winning support for
tapping government-held oil
stocks for the second time in
two years.
"Looking ahead to the likelihood
of further disruptions
in oil sales and the expected
increased demand over ... | | | India´s pain is S-E Asia´s gain |  SOUTHEAST Asian nations
are swallowing an outflow of
money from India, as foreign
investors lose patience with
its policy paralysis and slowing
growth and aim instead
for more promising emerging
markets such as Indonesia.
Corruption scandals and
high inflation have added to
India´s woes, which have seen
growth slow to a three-year
low while the fiscal deficit
widened to 5.9 percent of
GDP in the last financial year.
"India was sold on the
promise of high growth which
simply hasn´t panned out
over the past four years," said
Gautam Prakash, founder of
US based hedge fund
Monsoon Capital.
Foreign investors pulled a
net $540 million out from
India... | |
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