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  • DUBAI, March 19- U.S. shale drilling may be slowing, but not fast enough for OPEC to change policy at its June meeting or to prevent oil prices maybe falling more, in the view of the group's Gulf members. At its last meeting in November, OPEC kingpin Saudi Arabia persuaded fellow members to keep production unchanged, accelerating the sharp oil price drop to a low around...

  • Qatar official says no timeframe for labor reform Tuesday, 17 Mar 2015 | 8:29 AM ET

    DOHA, Qatar— Qatar's labor minister says there is no timeframe for promised reforms to the 2022 World Cup host's controversial system of tying migrant workers to a sponsoring employer. The official Qatar News Agency late on Monday quoted the labor and social affairs minister, Abdullah Saleh Mubarak al-Khulaifi, as saying that the energy-rich Gulf nation is...

  • DIARY-Top Economic Events to March 27 Friday, 13 Mar 2015 | 8:01 PM ET

    CERNOBBIO, Italy- European Central Bank board member Sabine Lautenschlaeger takes part in event on "The Outlook for Economy and Finance"- 0745 GMT. Speakers:- European Central Bank board members Sabine Lautenschlager and Peter Praet, Germany's Bundesbank board member Andreas Dombret and Germany's Bundesbank Deputy President Claudia Buch.

  • *Gulf has biggest contingent at Egypt investment summit. DOHA/ ABU DHABI/ KHOBAR, Saudi Arabia, March 12- G ulf Arab governments are encouraging- and in some cases pressuring- hundreds of companies to attend an international investment summit in Egypt this week, in a move that may help the firms become top players in a rebounding Egyptian economy.

  • DIARY-Top Economic Events to March 24 Tuesday, 10 Mar 2015 | 8:01 PM ET

    LONDON- Bank of England's Martin Weale speaks at the City and Islington Sixth Form College- 1500 GMT. LONDON- Bank of England's Martin Stewart speaks at the Mortgage Finance Gazette conference- 1625 GMT. FRANKFURT- European Central Bank President Mario Draghi gives keynote speech at opening of conference focused on the effectiveness of the central bank's...

  • DOHA, Feb 5- Bentley will likely see sales growth of its upscale autos in 2015 fall short of last year's level, a board member of the British marque told Reuters, as economic uncertainties and the slump in oil prices leave consumers more cautious about luxury purchases. But slower growth in China, fears of deflation in Europe, weak oil prices and the threat of Islamic...

  • RIYADH/ KHOBAR, Saudi Arabia, Feb 2- Several of Saudi Arabia's largest listed companies said on Monday they would pay out hundreds of millions of dollars in bonuses, days after the new king ordered a handout to Saudi state employees to mark his accession. Saudi Arabia has sold minority stakes in big state firms and listed them on its bourse partly to expose them to...

  • *UAE markets stabilise after sell-off. DUBAI, Jan 27- Saudi Arabia's petrochemicals sector surged on Tuesday after OPEC's secretary-general said oil prices might have bottomed out and warned of a jump to $200 a barrel if investment in new supplies became too low. The main Saudi stock index jumped 2.4 percent in the heaviest trade this month, as shares in...

  • DUBAI, Jan 27- Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in the region and the United States diverge, a senior Qatar central bank official said in a research paper. But in recent years the GCC economies have moved more out of sync with the United...

  • As a group of World Trade Organization members prepares to meet in the Swiss resort of Davos to discuss the 2015 agenda, Froman called for "soul-searching" about the next steps for the 20- year-old institution, which late last year clinched the first global deal in its history. In an opinion piece to be published on Reuters, Froman said success in cutting customs...

  • *Budget deficits this year could total $80- 100 billion. DUBAI, Jan 19- Plunging oil prices could prompt Gulf Arab sovereign wealth funds to pull tens of billions of dollars out of global markets this year, with much of the money expected to come out of U.S. dollar debt and deposits with banks abroad. They have grown rapidly; including the foreign assets of Saudi...

  • *Egypt's Ezz Steel jumps on borrowing plans. Saudi Arabia's biggest listed company gained despite poor earnings, a fresh sign that the market may have bottomed. Saudi Arabia's equities benchmark rose 0.9 percent and Saudi Basic Industries climbed 1.1 percent to 79.25 riyals after falling as much as 1.1 percent in the opening minutes.

  • *Qatar could invest in energy, tourism, property sectors. DOHA, Jan 15- Qatar is considering funding projects in Venezuela, industry and diplomatic sources said, as the Latin American state lobbies fellow crude producers to help repair the damage done to its economy by plummeting oil revenues. Industry sources in Qatar said on Thursday the country was still...

  • CARACAS, Jan 12- Venezuela is securing financing from Qatari banks, President Nicolas Maduro said from Doha on Monday, as he seeks to boost his country's coffers amid falling oil prices and a recession. Venezuela depends on oil for 96 percent of its export revenue. Credit Suisse estimates Venezuela faces a foreign exchange financing gap of some $33.9 billion...

  • *Property stocks lead gains in Dubai. DUBAI, Jan 11- Most Gulf stock markets maintained their positive momentum on Sunday, supported by good corporate news, but major petrochemical producer Industries Qatar tumbled and dragged down the Doha bourse after announcing a dividend cut. Industries Qatar plunged its daily 10 percent limit as Qatar's index dropped 2.4...

  • *Bourse merger speculation lifts Dubai's DFM. DUBAI, Jan 8- Gulf stock markets extended gains on Thursday after oil rebounded slightly from its Wednesday low and several companies made positive announcements. Supported by a fall in U.S. crude oil inventories, Brent futures traded above $51 per barrel on Thursday after briefly dropping below $50 in the previous...

  • *Russi energy min shares OPEC view market will stabilize itself. A near- $20 drop in prices since OPEC declined to cut output at a Nov. 27 meeting has yet to prompt the Gulf members- who overruled calls for output cuts by poorer members such as Venezuela- to reverse course. Russia has said it would not cut production even if oil prices fell below $60 per barrel- far below...

  • DOHA, Dec 16- Russia said on Tuesday it would not cut oil output to help prop up prices and refrained from calling on OPEC to do so despite its economy showing signs of severe stress and its currency collapsing to record lows. Oil prices dropped to near $59 per barrel on Tuesday for the first time since 2009 after OPEC member the United Arab Emirates reinforced on...

  • Canary Wharf's Songbird Estates rebuffs raised bid Friday, 5 Dec 2014 | 10:22 AM ET

    The owner of London's Canary Wharf on Friday rebuffed a raised $4.1 billion bid from Qatar and a North American investor.

  • CAIRO, Nov 28- Egypt has paid back $2.5 billion that Qatar deposited with it to help prop up the Egyptian central bank's hard currency reserves, a central bank official said on Friday night, as the Qatari foreign minister arrived in Cairo for Arab League talks. The payment brings the amount Egypt has returned to Qatar to $6 billion, leaving $500 million outstanding,...