Search Result for : Doha

The Dollar Business Bureau Credit rating agency S&P Global Ratings on Wednesday lowered the credit rating of Qatar by one level to AA- and put the country on a watch on concerns of further downgrading after four Gulf Arab nations severed ties with Doha.   “We believe this will exacerbate Qatar's external vulnerabilities and could put pressure on economic growth and fiscal metrics,” S&P Global said.  Saudi Arabia, Bahrain, Egypt and the UAE on Monday announced that they were severing diplomatic relations and closing air, land and sea links with Doha.   Saudi Arabia and its allies alleged that Qatar is providing support to extremist groups and serving the interests of Riyadh’s regional rival Iran, claims which Doha has strongly declined.   “At this ...

The Dollar Business Bureau Larsen & Toubro (L&T) on Thursday announced its electrical and automation business division has secured a Rs.500 crore contract from Qatar Rail Company for phase 1 of Doha Metro. “L&T Electrical & Automation, the competency centre for L&Ts automation business in UAE, has bagged the Rs.500 crore contract from Qatar Rail Company (QRAIL),” L&T said in a statement issued. The scope of the contract covers supply, installation, testing, integration, commissioning and maintenance for a period of five years of a network-wide Building Automation and Control Systems (BACS) for its 37 stations. "LTEAFZEs core strengths for project management, domain knowledge, and application engineering will enable us to offer distinctly superior and proven system integration solutions by leveraging L&Ts capabilities built over ...

The Dollar Business Bureau Indian multi-national conglomerate, Larsen & Toubro (L&T) Ltd, has bagged a contract for building a stadium worth $135 million for 2022 World Cup in Qatar, said an official.This will be a shot-in-the arm to the company, which is going through a lean period in the Middle East due to low prices of oil. “As part of a joint venture with Qatar-based Al Balagh Trading & Contracting, L&T will build the Al Rayyan stadium having 40,000-seating capacity,” an official in Qatari government disclosed to Reuters.The Supreme Committee for Delivery and Legacy (SCDL) said on Monday that the joint venture will rebuild the Al Rayyan Stadium within three years. L&T is one of the biggest industrial groups in India and ...

The Dollar Business Bureau India and Qatar inked six key agreements on Wednesday, as Tamim Bin Hamad Al Thani, the Emir of Qatar, held talks with Indian Prime Minister, Narendra Modi, as a part of his two-day visit to India. The six key pacts include a Memorandum of Cooperation (MoU) in the field of Information and Communication Technology, scientific cooperation, diplomatic relations, among others. Under the scientific and technical cooperation, a MoU has been signed between the Ministry of Earth Sciences and Qatar Meteorological Department. As a process of enhancing the diplomatic and strategic relations, both the sides also entered into agreement, where a MoU has been signed between Diplomatic Institute of the Ministry of Foreign Affairs, Qatar and Foreign ...