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  • DOHA, Qatar— The Qatari state oil company, Qatar Petroleum, says it has reached a deal with Chevron to acquire 30 percent of its stake in offshore drilling areas in Morocco. Under the terms of the deal announced Monday, Chevron will hold onto a 45- percent interest in the offshore leases, while Morocco will retain a 25 percent stake. The drilling areas are known as Cap...

  • Al Jazeera America closure marks a quieter Qatar Wednesday, 27 Jan 2016 | 10:14 AM ET

    *Era of Qatar "throwing money" at Al Jazeera over. While the gas-exporting nation is still determined to remain a power broker in the Middle East turmoil, its use of Al Jazeera as a megaphone in support of that goal appears to be on the wane under the young emir, Sheikh Tamim bin Hamad al-Thani, former Qatari officials and Arab commentators say. The days of unstinting...

  • Davos optimists see a new era of trade reform at hand Friday, 22 Jan 2016 | 12:17 PM ET

    DAVOS/ GENEVA, Jan 22- A rare note of optimism at Davos this year comes from the trade ministers, who will gather on Saturday for the first time since the World Trade Organization closed the lid on 14 years of increasingly toxic stalemate. The WTO's 162 members, meeting last month in Nairobi, agreed to disagree about the Doha round, effectively giving licence to any...

  • Qatar raises local gasoline price by 30 pct Thursday, 14 Jan 2016 | 2:07 PM ET

    DOHA, Jan 14- Qatar will raise domestic prices of gasoline by 30 percent from midnight on Thursday, the official Qatar News Agency reported, as low oil and gas prices put the squeeze on the national budget. Memos from state fuel company Woqod, posted at gasoline stations across the capital Doha on Thursday, gave a few hours' notice of the increase to 1.30 riyals per...

  • *India wants implementation of Bali trade deal. NEW DELHI, Dec 10- India will push for implementation of the Bali trade deal at the World Trade Organisation talks in Nairobi next week and remain open on all other "non-binding" issues, its trade minister said on Thursday. "Let's honor Bali... let's deliver Bali."

  • LONDON, Dec 10- The first response of commodity producers to a drop in prices is normally to increase production- ensuring price falls become deeper and more prolonged. Russia, Saudi Arabia and Iraq have all increased production in 2015. Iran hopes to follow in 2016 once sanctions are lifted. Output from U.S. waters in the Gulf of Mexico was almost 19 percent higher...

  • *WTI settles below $38, lowest close since February 2009. NEW YORK, Dec 7- Crude oil futures tumbled 6 percent on Monday, reaching their lowest in nearly seven years, after OPEC failed to address a growing supply glut, while a stronger dollar made it more expensive to hold crude positions. OPEC oil ministers dropped any reference to the group's output ceiling for the...

  • *OPEC's just-ended policy meeting exposes rift within group. NEW YORK/ LONDON, Dec 7- Crude oil futures tumbled to their lowest in nearly seven years on Monday after OPEC failed to address a growing supply glut, while a stronger dollar made it more expensive to hold crude positions. For the first time in decades, OPEC oil ministers dropped any reference to the...

  • *OPEC omission of output target reference exposes rift. LONDON, Dec 7- Oil prices fell to their lowest in nearly seven years on Monday after OPEC's meeting ended in disagreement over production cuts and without a reference to its output ceiling, while a stronger dollar made it more expensive to hold crude positions. "A stronger dollar and the aftershock of...

  • *OPEC omission of output target reference exposes rift. LONDON, Dec 7- Oil prices edged closer to 2015 lows on Monday after OPEC failed to agree on a production curb to stem sliding prices and a stronger dollar made it more expensive to hold crude positions. "A stronger dollar and the aftershock of Friday's OPEC meeting are weighing on the oil market," said Tamas Varga,...

  • *Qatar Investment Authority is VW's third-largest investor. *Qatar raised demands in Sunday talks with VW CEO- Bild. CEO Matthias Mueller and Chairman Hans Dieter Poetsch met with leaders of the Qatar Investment Authority in Doha on Sunday to discuss the state of investigations into its cheating of emissions tests, as well as VW's new company structure and...

  • *Qatar Investment Authority is VW's third-largest investor. *Qatar raised demands in Sunday talks with VW CEO- Bild. CEO Matthias Mueller and Chairman Hans Dieter Poetsch met with leaders of the Qatar Investment Authority in Doha on Sunday to discuss the state of investigations into its cheating of emissions tests, as well as VW's new company structure and...

  • DOHA, Dec 6- Qatar First Bank plans to list its shares on the Qatar exchange as early as the first quarter of 2016, the chairman of the sharia-compliant financial institution said on Sunday. Things are on the right track, " Abdulla al-Marri told journalists at a press conference in Doha. The firm has long been linked with a flotation, in what would be only the second new...

  • The OPEC countries hit hardest by low oil prices Thursday, 3 Dec 2015 | 1:19 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.

    Plunging oil prices have left many crude-exporting countries with budgets that simply won't balance.

  • AMSTERDAM, Dec 3- A Dutch engineering company that is helping New York and New Orleans defend themselves against big storms and rising seas says climate change will be a source of business for decades regardless of the outcome of current climate talks in Paris. Arcadis, which doubled sales from 1 billion euros to 2 billion in 2007-2014 as it invested heavily in...

  • Move to the Middle East for greater financial rewards Wednesday, 2 Dec 2015 | 6:00 AM ET
    Move to the Middle East for greater financial rewards

    Countries such as Qatar, Oman and Saudi Arabia can provide the best financial rewards for expats.

  • Looking to earn more? Why not move here… Wednesday, 2 Dec 2015 | 12:00 AM ET
    The skyline of Doha, in Qatar

    Middle East countries offer the best financial rewards for people thinking of living abroad, according to a survey of 21,950 expatriates.

  • Labor exploitation rife in Qatar Tuesday, 1 Dec 2015 | 10:00 AM ET
    Labor exploitation rife in Qatar

    Amnesty International says authorities are not delivering enough labor reforms.

  • DUBAI/ LONDON, Dec 1- The government of Qatar has invited banks to provide it with a $5.5 billion loan, sources aware of the matter said on Tuesday, as Doha became the latest Gulf government to seek funds with its finances pressured by low energy prices. The five-year loan is smaller than the amount of up to $10 billion which bankers said last month that the government...

  • MILAN/ NEW DELHI, Nov 20- India's biggest gas importer Petronet LNG is close to renegotiating a major deal with its Qatari supplier Rasgas, lowering the cost of gas shipments and avoiding a $1.5 billion penalty fee for lifting less gas than agreed, two sources said. If India manages to renegotiate a deal with Qatar it would be Prime Minister Narendra Modi's biggest...