Tuesday 20 January 2009

Qatar orders new property merger

Reuters - Pressure on Qatari companies to merge to withstand the global financial crisis increased after the government ordered a merger between Barwa Real Estate and Qatar Real Estate Investment Co.

The merger – the fourth in the Gulf Arab gas exporter in three months – comes as Gulf real estate markets suffer under the financial crisis and falling oil prices. The two companies have a combined market capitalisation of $2.5bn.

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