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  • *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...

  • Qatar energy minister: OPEC monitoring oil's slide Tuesday, 16 Dec 2014 | 9:23 AM ET

    DOHA, Qatar— Qatar's energy minister says OPEC is monitoring the drop in oil prices closely following a months-long slide that has left crude trading at its lowest point in more than five years. Energy and Industry Minister Mohammed bin Saleh al-Sada told reporters in Doha on Tuesday that OPEC is "watching the market closely," but he gave no indication the bloc...

  • 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...

  • Kuwait emir says Gulf development hit by oil price Tuesday, 9 Dec 2014 | 2:49 PM ET

    DOHA, Qatar— Kuwaiti Emir Sheikh Sabah Al-Ahmad Al-Sabah says Gulf countries' national development programs are being affected by the slide in oil prices, which have hit the oil-producing and exporting countries' incomes. Al- Sabah was speaking at the annual summit of the six-nation Gulf Cooperation Council in the Qatari capital of Doha on Tuesday, the same day...

  • 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...

  • *Kuwait says moving ahead with privatisation programme. *Partial deregulation, financing schemes in Saudi, UAE. DUBAI, Oct 26- Kuwait's privately owned Jazeera Airways is preparing to bid for a big stake in state-run flag carrier Kuwait Airways, Jazeera's chairman told Reuters.

  • *UAE, Qatar change direction as Western markets dip. DUBAI, Oct 20- Most Middle Eastern stock markets fell on Monday as a rebound by global equities turned out to be short-lived, but Saudi Arabia's bourse rose after a string of strong quarterly earnings. Stock indexes in the United Arab Emirates and Qatar rose in early trade but quickly gave up all their gains after...

  • ROME, Oct 15- India has until next Tuesday to support a global trade deal struck last year or risk being left out of the agreement to ease worldwide customs rules, the chairman of EU trade ministers said on Wednesday. India in July blocked what would have been the first global trade reform in two decades, which according to some estimates would add $1 trillion and 21...

  • Retail consultancy Verdict predicts the global sector should return to growth in 2014 and expand by 22 percent to about $450 billion by 2019. The recovery will be driven by expansion in emerging markets, with China set to account for 30 percent of total spend five years from now. Pioneered in France, Britain and the United States from around the 1840 s by...

  • Oil heads to bear market as Saudis signal price war Thursday, 2 Oct 2014 | 1:19 PM ET
    Workers at an oil facility near Riyadh, Saudi Arabia.

    Oil could continue its deep slide, under new pressure from Saudi Arabia's decision to cut its selling price rather than cut production.

  • Airbus says in final stages of A320neo ground tests Tuesday, 16 Sep 2014 | 9:54 AM ET

    PARIS, Sept 16- Airbus is conducting the final stage of ground trials as it edges towards the keenly-awaited first flight of its revamped A320neo aircraft, the planemaker said on Tuesday. Airbus is sticking to its target for a first flight in the third quarter, or by the end of September, the spokesman said.

  • *Riyadh seeks strong Sunni representation in Iraq government. The Al Saud have long seen the conflicts in Iraq and Syria as a pivotal battle for the future of the Middle East, pitting Sunni Muslims against a radical, revolutionary, Shi'ite Iran.

  • *Qatar seeks to free more US hostages in Syria- source. DOHA, Aug 26- Qatar is working to help free four Americans held hostage in Syria by various armed groups, a Gulf source familiar with the matter said on Monday, a day after the Gulf Arab state's diplomacy helped free a journalist held since 2012..

  • Founded in Gaza in 1987, Hamas now stretches across region. JERUSALEM/ GAZA, Aug 25- Founded by just seven people in Gaza, Hamas now has political and military leaders spread across the Arab world, complicating its ability to send a unified message for negotiating an end to a seven-week war with Israel.