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  • The accident involved the jack-up accommodation rig "Rumailah" and happened Sunday in the al-Shaheen oil field, off Qatar's northeastern coast, according to a statement from Doha, Qatar- based Gulf International Services. The rig is owned by the company's Gulf Drilling International division, while Denmark- based Maersk Oil operates the overall al-Shaheen...

  • *Qatar plans $200 billion in infrastructure spending. *Qatar has sidelined less essential projects. "Qatar has mothballed a lot of vanity projects," said a source at a construction company operating in Qatar who spoke on condition of anonymity.

  • And the rebound "is going to be capped," says HSBC economist Fred Neumann, because of changes in the world economy, including how American consumers are "much more frugal" than a decade ago. Asian exports to the United States have risen this year, but Neumann says such growth now is more driven by investment in software development and shale-oil drilling than by...

  • DUBAI, June 15- Qatar Investment Authority, one of the world's most aggressive sovereign wealth funds, will set asset allocation targets for the first time and restructure internal decision-making, sources say, in response to a drop in oil prices that has crimped available funds as competition for assets grows. The sources, who all either work in Qatar or for...

  • Why Qatari banks are worried about FIFA Thursday, 28 May 2015 | 8:18 AM ET
    A Qatari official stands near the FIFA World Cup trophy following its arrival in Doha.

    Qatar losing the right to host the FIFA World Cup is “within the realm of possibility,” Citi bank has said, with Wednesday’s arrests “bearish” for the Arab emirate’s banks.

  • *Kuwait, Bahrain parliaments probing national funds. Issue of wasting resources becomes more sensitive. DUBAI, May 20- Running sovereign wealth funds in the Gulf has become an awkward business in the era of cheap oil, as their managers face growing pressure from politicians and the public to prove they're investing national reserves wisely.

  • Qatari royals expand London empire with $60M buy Tuesday, 19 May 2015 | 9:24 AM ET
    Mount Street Christmas lights

    The Qatari royal family has bought yet another multi-million pound property in one of London's most affluent areas, according to a British newspaper.

  • Qatari royals on London spending spree Tuesday, 19 May 2015 | 8:00 AM ET
    Qatari royals on London spending spree

    CNBC's Phil Han reports on the recent purchase of a $60 million mansion by the Qatari royal family and the other properties in its portfolio.

  • Will Indonesia's Mideast maid ban backfire? Thursday, 7 May 2015 | 10:08 PM ET
    Indonesian activists protest against the death penalty, in response to the execution of 2 Indonesian maids in Saudi Arabia.

    Indonesia has imposed a ban on any more of its domestic helpers from working in 21 Middle Eastern countries, but will the move backfire?

  • RIYADH, May 5- After failing for years to win a single order for the Dassault-built Rafale fighter jet, France has scored a string of multi-billion-euro wins in recent weeks and is on a quest for more. Egypt, India and Qatar have all just signed contracts. After signing deals worth some 15 billion euros for a total of 84 aircraft, France now has the United Arab Emirates...

  • PARIS, April 30- Qatar has agreed to buy 24 Dassault Aviation- built Rafale fighter jets in a deal worth 6.3 billion euros, the French government said on Thursday, as the Gulf Arab state looks to boost its military firepower amid regional instability. Tensions in the Middle East with conflicts in Yemen, Syria and Libya, as well as concerns of Iran's growing influence...

  • PARIS, April 30- Qatar has agreed to buy 24 Dassault Aviation- built Rafale fighter jets in a deal worth 6.3 billion euros, the French government said on Thursday, as the Gulf Arab state looks to boost its military firepower amid regional instability. Tensions in the Middle East with conflicts in Yemen, Syria and Libya, as well as fears of Iran's growing influence in...

  • France says Qatar to buy 24 Rafale fighter jets Thursday, 30 Apr 2015 | 4:35 AM ET

    PARIS, April 30- France has been informed by Qatar that the Gulf Arab state intends to buy 24 Dassault Aviation- built Rafale fighter jets, the French president's office said in a statement on Thursday.

  • PARIS, April 30- France could sign a deal worth about 3 billion euros with Qatar for the sale of as many as 36 Dassault Aviation- built Rafale fighter jets in the next few days, Europe 1 radio reported on Thursday. Dassault Aviation declined to comment. France has already sold Rafale jets to India and Egypt this year.

  • OTA, Japan, April 27- For Naren Mahat, a 27- year-old Nepali living in Japan, there was a long and painful wait on Saturday between news of a devastating earthquake and, finally, word from family members cut off by bad phone lines and repeated aftershocks. Thousands of others work in other Asian countries including Malaysia, South Korea and Japan, where they are...

  • And Venezuela's oil minister Asdrubal Chavez met in Caracas with the local ambassadors of eight OPEC members plus Indonesia on Wednesday, the ministry said. Nearly four months of sub- $60 a barrel crude oil prices is weighing heavily on cash-strapped producers such as Venezuela and Russia, who failed to coax OPEC into cutting output last November.

  • *Russian delegation to meet OPEC in Vienna in June. Russia has stepped up contacts with OPEC after oil prices plunged last year, however it has dismissed any suggestion it might cut output to prop up prices, saying it is technically impossible to idle production due to the harsh climate in Siberia, the heartland of Russian oil production. The fall in price of oil,...

  • DOHA, April 14- Qatar opened the Middle East's first centre for clearing transactions in the Chinese yuan on Tuesday, saying it would boost trade and investment between China and Gulf Arab economies. "The launch of the region's first renminbi clearing center in Doha creates the necessary platform to realise the full potential of Qatar and the region's trade...

  • Gotta be brave to set up shop in these places Tuesday, 31 Mar 2015 | 12:01 AM ET
    People attend Dutch National Tulip Day in front of the Royal Palace at Dam Square, in Amsterdam, Netherlands.

    Businesses can lower risk to their supply chains by setting up shop in these countries, a study says.

  • 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...