Middle East Economic Survey

VOL. LII

No 32

10-Aug-2009

QATAR

Naqilats Net Profits Rise Steeply In 1H09

Qatar Gas Transport Company (Naqilat) announced on 5 August that it had raised its net profits in the first half of 2009 by 147% to QR233.6mn ($61.4mn) from QR94.5mn ($26.0mn) in the corresponding period of 2008, mainly as a result of the addition of several carriers that joined the companys fleet. The value of the companys total assets increased to QR29.1mn ($8.0mn) in 1H09 from QR24.5mn ($6.7mn)...