Formerly known as Qatar Navigation, Milaha has spent the last 50 years growing into one of the Middle East’s biggest and most diversified shipping and logistics companies. Headed by Sheikh Ali Bin Jassim Al Thani, the firm was formed by the merger of Qatar Navigation, Qatar Shipping and Halul Offshore Services in 2011. Milaha’s spheres of activity include: maritime and logistics services; real estate and financial investments; gas transport; oil and chemicals products; trading and travel; and offshore services. The firm posted a 4.4 percent drop in net profit in the second quarter, to $46m.