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  • 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,...

  • French lawmakers seek clarity on Qatar tax breaks Thursday, 6 Nov 2014 | 7:09 AM ET

    PARIS, Nov 6- The finance committee of the French parliament has called for a report by mid-2015 on controversial tax breaks on property deals granted to states including Qatar, France's closest Gulf ally. In Qatar's case the concessions were granted by ex-president Nicolas Sarkozy in 2008 and exempt Qatari investors from taxes on profits made when they sell...

  • What countries lose when oil prices drop Tuesday, 4 Nov 2014 | 3:13 PM ET
    Oil workers conduct a drill in a petroleum well in Lagunillas at the east coast of Lake Maracaibo near Maracaibo City in Venezuela.

    Countries around the world that rely on oil revenues are bracing for an imminent economic and budget hit.

  • OTTAWA/ TORONTO, Nov 4- Canada expects to finalize the creation of a yuan clearing hub in the country, sources familiar with the government's talks with Chinese officials said on Tuesday, with an announcement expected during Prime Minister Stephen Harper's trip to China later this week. China has in the past two years appointed clearing banks for Taiwan,...

  • OTTAWA, Nov 4- Canada expects to finalize the creation of a yuan clearing hub in the country, a source familiar with the government's talks with Chinese officials said on Tuesday, with an announcement expected during Prime Minister Stephen Harper's trip to China in the coming week. China has in the past two years appointed clearing banks for Taiwan, Singapore,...

  • *Coincides with other Qatar investment deals with China. Industrial and Commercial Bank of China's Doha branch has been appointed as the clearing bank for yuan deals in Qatar, China's central bank said on Tuesday. "The signing of the MoU and the appointment of the renminbi clearing bank will increase the strong ties between China and Qatar and position Qatar as...