Qatar and NYSE Euronext yesterday announced a blockbuster deal which will see the latter pick up a 25 percent stake in the Doha Securities Market (DSM) for $250m in cash. The government will retain a 75 percent holding in the DSM through its investment arm, the Qatar Investment Authority (QIA).

The real estate market in the country is witnessing a lull with several new apartments lying vacant as there are no takers due to the high rents.

Qatar Electricity and Water Corporation (QEWC) is all set to launch a number of multi-billion dollar projects, including joint ventures, to meet the country’s burgeoning power and water demands.

Qatar’s open seawater temperature touched a high 37 degrees Celsius yesterday as mercury shot up to a record high of the season. The country recorded the maximum temperature of the season yesterday – 48 degrees Celsius.

THE Crowne Plaza hotel in Doha by the Intercontinental Group (IHG) will be located close to the airport.

Balou the bear, a recent arrival to Doha Zoo, is still awaiting a final decision regarding his long-term future, according to the director of wildlife protection and development at the Supreme Council for the Environment and Natural Reserves.

THE Urban Planning and Development Authority (UPDA) yesterday announced “zoning changes” in two areas - Kulaib and Bin Omran - allowing construction of apartments in “villa only” areas.

THE Supreme Education Council (SEC)’s Evaluation Institute yesterday announced the results of the 2008 Qatar Senior School Certificate (QSSC) exit examinations.

Jana Alkhair Mohammed Ahmad of Al Bayan Independent School has emerged as the overall topper in the Qatar Senior School Certificate (QSSC) examination.