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Europe Top News and Analysis Qatar

  • DOHA, Qatar— Qatar's energy minister says OPEC members and oil-producing allies are adhering to previously agreed production cuts aimed at taking supply off the market to push up the price of crude. Mohammed bin Saleh al-Sada said in Doha on Wednesday that "adherence is excellent" to cuts in oil production agreed on in December 2016. Russia and 10 other nations...

  • U.S. energy companies have been adding oil rigs and redeploying cash and workers, cautiously confident the energy sector has turned a corner after the election of President Donald Trump and a commitment signed by OPEC to curb production in the first half of 2017.. The market is "gradually accommodating shale oil and shale gas" and demand is healthy, said Energy...

  • DOHA, Feb 8- Higher oil prices may boost shale oil production but the global oil market can accommodate this as demand remains healthy, Qatar's energy minister said on Wednesday. OPEC and non- OPEC producers agreed late last year to cut crude production by a total of 1.8 million barrels per day to help reduce a supply glut that had depressed prices.

  • *Most positive towards fixed income in survey's history. DUBAI, Jan 31- Middle East fund managers are strongly positive toward fixed income in the region because of expanding international bond issuance and they also plan to increase their equity holdings, a monthly Reuters poll found. That is the most positive balance towards fixed income since the poll was...

  • *State ender VTB issued $11 bln loan, filings show. MOSCOW, Jan 17- Russian state-owned bank VTB lent over $11 billion to Qatar and commodities trader Glencore four days after they signed a deal to buy a stake in Russian state oil firm Rosneft for the same amount of money, according to company records seen by Reuters. Qatar's sovereign fund, the Qatar Investment...

  • *State ender VTB issued $11 bln loan, filings show. MOSCOW, Jan 17- Russian state-owned bank VTB lent over $11 billion to Qatar and commodities trader Glencore four days after they signed a deal to buy a stake in Russian state oil firm Rosneft for the same amount of money, according to company records seen by Reuters. Qatar's sovereign fund, the Qatar Investment...

  • *Dubai Islamic Insurance soars amid merger speculation. DUBAI, Jan 5- Egypt's stock market closed the week at a record high on Thursday as foreign funds continued to buy, while Gulf markets inched up on the back of firmer crude oil and global bourses. "Since the float of the currency on Nov. 3 the market has not witnessed a correction and foreign funds have been...

  • DOHA, Jan 5- Qatar Airways is to swap its order for up to 80 Airbus A320neos for the larger, longer-range A321 version, the airline's chief executive said on Thursday. "We are going to take all A321s, there will be no more A320s," Chief Executive Akbar al-Baker told reporters in Doha. Qatar Airways has refused to accept A320neos powered by Pratt& Whitney engines because...

  • LONDON/ FRANKFURT, Dec 20- A merger of German container shipping line Hapag-Lloyd and United Arab Shipping Company is likely to take months to complete, partly due to financing issues blamed on a deep industry downturn, sources familiar with the deal say. Hapag-Lloyd signed a binding agreement with UASC in July to form the world's fifth-largest line, valued at...

  • Crews work on putting concrete in the new median on Castle Rock Parkway west of the I-25 interchange on August 9, 2016 in Castle Rock, Colorado.

    Qatar's sovereign wealth fund will invest $10 billion in infrastructure projects inside the United States.

  • DOHA, Dec 13- The head of Qatar's sovereign wealth fund has told U.S. officials it will invest $10 billion in infrastructure projects inside the United States, sources said, in an apparent boost to the economic plans of president-elect Donald Trump. Sheikh Abdullah bin Mohamed bin Saud al-Thani, chief executive of the Qatar Investment Authority, delivered the...

  • DOHA, Dec 12- Qatar Airways is in talks with Airbus to convert its order for up to 80 A320neos to the larger A321neo, its chief executive said on Monday. Qatar Airways announced on Oct. 7 an order for as much as $18.6 billion worth of Boeing jets, including a letter of intent for 60 narrow-body 737 MAX 8 jets valued at $6.9 billion. At least some of those 737 MAXs will go to...

  • DOHA, Dec 12- Qatar Airways is in talks with Airbus to convert its order for up to 80 A320neos to the larger A321neo, its chief executive said on Monday. Qatar Airways has refused to accept planes with engines made by Pratt& Whitney, a unit of United Technologies Corp, saying they required additional time to start under certain conditions. Qatar Airways announced on...

  • *Proposed wage cuts prompt strikes in Oman, Kuwait. DOHA, Dec 11- Ahmed, a Qatari civil servant, used to arrive at his office at a government ministry in Doha late in the morning and leave for home after lunch, collecting a monthly salary of 40,000 rial and a generous housing and travel allowance. "Qatar expects the best of its citizens."

  • *Latest move in Qatar energy sector to reduce costs. DOHA, Dec 11- Qatar will merge state-owned liquefied natural gas producers Qatargas and RasGas Co Ltd, the chief executive of Qatar Petroleum said on Sunday, in the Gulf state's latest reaction to lower energy prices. While Qatar is more focused on gas than oil, it too has been forced into reorganisations, with QP...

  • The Qatar Investment Authority and Glencore signed a deal on Saturday to buy 19.5 percent of Rosneft, which said it would receive $11.37 billion.

  • *Saudis to shoulder largest cuts for OPEC. VIENNA, Dec 10- OPEC and non- OPEC producers on Saturday reached their first deal since 2001 to curtail oil output jointly and ease a global glut after more than two years of low prices that overstretched many budgets and spurred unrest in some countries. The fact that Nigeria and Libya were exempt from the deal due to...

  • Shares in Europe bounced back and closed higher on Thursday after the ECB announced further monetary stimulus.

  • Saudi Crown Prince and Interior Minister Mohammed bin Nayef gestures during the meeting of Gulf Cooperation Council (GCC) Interior Ministers in Riyadh, Saudi Arabia, April 27, 2016.

    Persian Gulf states are plugging deficits by turning to international debt markets, and the risks vary across the region.

  • ROME, Dec 6- Italy is preparing to take a 2 billion euros controlling stake in Monte dei Paschi di Siena as the bank's hopes of a private funding rescue fade following Prime Minister Matteo Renzi's decision to quit, two sources close to the matter said on Tuesday. This would make it by far the biggest shareholder, meaning the Treasury would be able to control Italy's...