Understanding Commercial Leases in Qatar
Ian Bode of Al Tamimi & Company’s Qatar office introduces the issues relating to commercial leases in Qatar. [Note: depending on the lease form, references in a lease can either be to “landlord and tenant” or to “lessor and lessee”. In this article, “landlord” and“tenant” are used]. Property lawyers in Qatar assume substantial responsibility when preparing commercial leases. They establish contractual relationships between landlords and tenants which govern the use and occupancy of property often for a period of years. One inappropriate word in a covenant, could expose a tenant to an unintended financial liability or a landlord to an unintended obligation.
Restructuring of Qatar’s Banking and Finance Cluster
By Ahmad AnaniBanking & Finance Department - Qatar The State of Qatar has one of the strongest and fastest growing economies in the world. The Qatari economic numbers are astonishing with Gross Domestic Product (GDP) standing at 52.7 billion US Dollars in 2006 and per capita income averaging to 76,000 US Dollars (2007). The GDP of Qatar is mainly derived from its oil and gas production (60%). Nevertheless, the Government of Qatar has a detailed plan to diversify the economy based on the oil and gas revenues that are surging due to the international increase of oil prices.