The move follows the stringent financial and trading sanctions imposed by the US and EU on Iran.
According to the IMF, Qatar’s economy is expected to grow six per cent in 2012.
Qatar’s sovereign wealth fund is expected to acquire the property in a “few weeks.”
Qatar Nationals Hotels Company took over properties in Paris and Singapore.
Akbar Al Baker, CEO of Qatar Airways, speaks exclusively to Alicia Buller about Western detractors, rising oil prices, and why there’s enough future global demand to fill his record order book.