Arab group plans to pump in RM5b
September 15
2007
A GROUP of companies from the Middle East, led by a Qatari insurance firm, plans to invest at least RM5 billion in the fields of oil and gas, Islamic banking and property development.
The consortium will be led by national insurance company, Qatar General Insurance and Reinsurance Company, Gulf Petroleum Ltd Qatar and other prominent investment and banking groups from the Gulf countries especially from Saudi Arabia, Kuwait, Bahrain and the United Arab Emirates.
In a statement released via legal firm Azmi Abdullah & Co, Qatar General Insurance chairman Sheikh Nasser Ali Saud Al-Thani said the group has started official talks with the relevant parties in Malaysia as well as in neighbouring countries for oil and gas projects.
"We have also started negotiations in the acquisition of equity stakes in financial institutions, acquisition of landed properties and office towers. Several official agreements are expected to be executed (on Monday, September 17) in Kuala Lumpur," he said.
Nasser, who is also chairman and president of Gulf Petroleum (M) Sdn Bhd, will also hold a press conference on its planned investments in Kuala Lumpur on Monday.
"The consortium is planning to make Malaysia their regional hub for Asia-Pacific operations.Investments to be made by the consortium in Malaysia for the three sectors are estimated to be not less than RM5 billion," Sheikh Nasser said.
Nasser is also scheduled to meet Prime Minister Datuk Seri Abdullah Ahmad Badawi in Putrajaya on Monday morning.
Qatar General Insurance, which is listed on Qatar Stock Exchange, has interests in the financial industry, energy and properties within the Gulf countries and the Middle East and North Africa region. It is also a major shareholder in Gulf Petroleum.
Gulf Petroleum is an integrated oil and gas group with networks in West Asia and North Africa and Europe. Its shareholders include the Qatar royal family, Qatar General Insurance , Al-Mana Group, National Petroleum Services and banking group Al-Sari.
Qatar is the world's largest producer of liquefied natural gas with a forecast production of 77 million tonnes a year by 2010.
Gulf Petroleum shareholders, particularly Qatar General Insurance, are also actively involved in developing and buying office towers including the US$200 million (RM696 million) World Trade Centre of Doha.(NST Business Times)
Qatar insurer denies Malaysia report
by Reuters
on Tuesday, 18 September 2007
Qatar General Insurance and Reinsurance has denied a newspaper report it is heading a group that will invest at least $1.4 billion in Islamic finance, property and energy projects in Malaysia.Malaysia's New Straits Times reported last week that Qatar General Insurance, Gulf Petroleum Ltd Qatar and investment and banking firms from Saudi Arabia, Kuwait, Bahrain and the United Arab Emirates would invest in the Southeast Asian state.The newspaper quoted law firm Azmi Abdullah & Co, without saying whom Azmi Abdullah represented."Sheikh Nasser was in Malaysia on a visit to explore investment opportunities, but no actual agreements or plans have been made yet," Qatar General Insurance Financial Comptroller Ahmad Ibrahim told Reuters from the Qatari capital, Doha.(ArabianBusiness.com)
20070920
Another Ali Baba Fairytale
20070917
Oh really...
Islam tidak galak kekacauan
Oleh WAN ZULKIFLI WAN YAACOB dan AZRAN FITRI
PASIR MAS 16 Sept. – Datuk Seri Abdullah Ahmad Badawi berkata, Islam tidak pernah menyuruh umatnya melakukan rusuhan dengan merosakkan harta benda awam sehingga menimbulkan kekacauan dalam negara.
Perdana Menteri berkata, sebenarnya rakyat di negara ini mencintai keamanan dan menolak sama sekali sebarang tindakan ganas dan liar semata-mata untuk memuaskan hati golongan tertentu.
“Negara kita merupakan sebuah negara aman dan tindakan merusuh di tempat awam adalah satu tindakan yang tidak bersesuaian dengan keadaan negara ini.
“Kita tidak suka jika ada (pihak) yang bertindak liar dan berbuat rusuhan sehingga menimbulkan kekacauan serta kesusahan, kita tidak mahu itu.
“Allah juga tidak sukakan mereka yang melakukan rusuhan dan kerosakan di muka bumi ini,” katanya.
Perdana Menteri berkata demikian semasa berucap pada Majlis Penyampaian Sumbangan Kepada Ibu Tunggal dan Golongan Daif Parlimen Pasir Mas dan Parlimen Rantau Panjang di Sekolah Menengah Kebangsaan Kangkong di sini hari ini.
Pada 8 September lalu, kira-kira 750 penyokong parti pembangkang merusuh di Batu Buruk, Terengganu kerana tidak berpuas hati selepas anggota polis menyuraikan perhimpunan haram di kawasan tersebut.
Kejadian pada kira-kira pukul 9 malam itu menjadi tidak terkawal selepas penyokong terbabit bertindak agresif menyebabkan empat anggota polis dan tiga penyokong parti pembangkang mengalami kecederaan dan dirawat di hospital berhampiran.
Abdullah berkata, rakyat di negara ini sewajarnya bersyukur dengan keamanan yang dikecapi berbanding dengan negara-negara lain yang masih bergelut untuk membangun daripada semua aspek.
“Inilah masa bagi kita untuk meningkatkan amal ibadat dan mensyukuri nikmat keamanan yang dikecapi sehingga sekarang.
“Sekiranya di negara lain, rakyat terus menderita sedangkan kita aman tiada kesusahan, malah terdapat umat Islam di negara luar tidak dapat melaksanakan ibadah dengan sempurna.
“Di negara ini umat Islam boleh menunaikan ibadah puasa dan segala tuntutan agama dengan selesa tanpa sebarang perasaan takut serta sangsi,” katanya.