close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Qatar Hotel Group Targets Europe and United States

Qatar Hotel Group Targets Europe and United States

Qatar National Hotels (QNH) will look to Europe and the United States for its next acquisition after the state-owned hotel group bought Raffles hotels in Paris and Singapore this year, its chairman said on Monday

0

May 1, 2012 9:58 by



Qatar National Hotels (QNH) will look to Europe and the United States for its next acquisition after the state-owned hotel group bought Raffles hotels in Paris and Singapore this year, its chairman said on Monday. “Considering the recession in Europe and the very low asset prices, we see huge acquisition opportunities in Europe and the U.S.,” Sheikh Nawaf bin Jassim bin Jabor al-Thani told reporters.

In January, QNH took over two Raffles Hotels & Resorts’ including its flagship Singapore hotel in its first foray outside the Middle East. It also owns a hotel in the Egyptian Red Sea resort of Sharm el-Sheikh as well as properties in Qatar. Sheikh Nawaf also said the company, which is building hotels in Qatar ready for the 2022 World Cup, will need to tap debt markets in five to six years time to fund its expansion.

Qatar was the surprise winner of a December 2010 FIFA vote to choose the 2022 host country, edging out Australia, Japan, South Korea and the United States. The country plans to build solar-powered, air-conditioned stadiums to overcome the sweltering summer heat as well as housing, infrastructure and transport for the event.

QNH currently has nine hotels under construction, including in Italy, Switzerland, France and the Comoros, its chairman said. “(QNH) is a cash rich company. Our expansion plan in the coming five years will consume our cash that we currently have,” he said. “We think that after five to six years, we’ll start to leverage.”



0

Tags: , , , ,

Leave a Comment