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Europe Top News and Analysis Qatar

  • DUBAI, May 7- Shares of Dubai builder Drake& Scull slumped to a 14- month low in heavy trade on Sunday as investors reacted to the company's revised capital restructuring plan, while last week's fall in oil prices knocked down oil-sensitive shares. "The new news from the meeting is the 722 million dirhams additional write off from potentially unrecoverable...

  • *Dubai, Qatar slip to multi month low. *Abu Dhabi weighed down by blue chips. DUBAI, April 27- Shares in two Saudi banks that are in early merger talks moved in opposite directions on Thursday while other regional markets ended the week down as investors had little fresh company earnings and news to reallocate their funds or build positions.

  • CPPIB began buying farmland in North America in 2012 and has since purchased about 120,000 acres in the United States and a similar amount in Canada. The country's biggest public pension fund purchased 115,000 acres of Saskatchewan farmland from Assiniboia Farmland LP in 2013 for C $128 million and had intended to invest another C $500 million in Canadian...

  • DUBAI, April 26- Two Saudi banks soared on Wednesday after saying they were in initial stages of a merger, helping lift the mood in other lenders while first quarter financial results buoyed the shares of two blue chips in other Gulf countries. On Wednesday Saudi's Alawwal Bank agreed to start talks with Saudi British Bank about a tie-up that could create the...

  • *Shuaa Capital down despite swinging to Q1 profit. DUBAI, April 25- Stock markets in the Gulf most exposed to foreign trade held their ground on Tuesday, with Dubai and Qatar showing resilience in the face of disappointing results from blue-chip companies. In Dubai, shares of Emirates Integrated Telecommunications lost 3 percent after reporting a net profit of...

  • DUBAI/ WELLINGTON, April 24- Qatar Airways would consider canceling flights to Auckland if New Zealand follows the United States in banning laptops and other large electronic devices on Middle East flights, its chief executive said on Monday. New Zealand is considering additional security checks on flights from some countries in the Middle East after...

  • *Qatar Airways close to Italy's Meridiana deal. DUBAI, April 24- Qatar Airways will finalise a long-negotiated agreement to buy 49 percent of Italy's Meridiana in the coming days, and soon apply to Qatar's sovereign wealth fund to start an Indian airline. Qatar Airways will sign the agreement with Italy's second biggest airline in the next "few days", Chief...

  • *Qatar Airways apply for Indian airline licence. *Qatar Airways close to Italy's Meridiana deal. DUBAI, April 24- Qatar Airways plans to start direct flights to San Francisco early next year as part of efforts to expand its routes into the United States.

  • DUBAI/ WELLINGTON, April 24- New Zealand is considering restrictions on laptops and other large electronic devices on flights from some Muslim-majority countries in the Middle East, the country's prime minister said on Monday. The New Zealand leader elaborated on comments made by transport minister Simon Bridges, who told Reuters in an interview in Dubai on...

  • DUBAI, April 23- New Zealand is considering additional security checks on flights from Muslim-majority countries in the Middle East, its transport minister said on Sunday. Additional security measures would affect passengers flying from Dubai in the United Arab Emirates and Doha, Qatar, where carriers Emirates and Qatar Airways, respectively, fly direct to...

  • *Egypt's Orascom Construction up on new U.S. facility. DUBAI, April 20- Profit-taking and weak first-quarter earnings weighed on Gulf stock markets on Thursday, with Saudi Arabia's index pulled lower by petrochemical shares after oil prices fell sharply, but Dubai's Union Properties and Abu Dhabi's TAQA bucked the trend. Union Properties, however, leapt 5.8...

  • *Qatar underperforms; all blue chips have paid 2016 dividend. DUBAI, April 19- Construction-related shares underperformed Riyadh's stock market on Wednesday because of poor first-quarter earnings, though troubled Dubai builder Arabtec jumped after shareholders approved a capital restructuring plan. Riyadh- listed Arabian Cement slid by 5 percent after...

  • *Saudi Investment Bank drops on Oger's 2.8 pct stake sale. DUBAI, April 17- Two Saudi Arabian telecommunications stocks surged on Monday on hopes that troubled operators have finally turned the corner, while Abu Dhabi real estate firm Eshraq was helped by a plan to tie up with state fund Mubadala. "I believe the market is expecting Mobily to report profits just like...

  • Russian Foreign Minister Sergei Lavrov will hold talks with Qatar's foreign minister on Saturday, Russia said on Friday.

  • *Dubai Islamic Bank up again after positive Q1 results. *Abu Dhabi's Union National Bank jumps on Q1 earnings beat. Shares in Qatar National Bank, the largest lender by assets in the Gulf Cooperation Council, rose 1 percent after it announced net profit of 3.2 billion riyals for the three months to March 31, up 12 percent from the prior year period and beating Arqaam...

  • DUBAI, April 12- Generally positive first-quarter results from banks in the Gulf helped lift confidence in financial stocks in early trade on Wednesday, while Saudi Arabia's third largest telecommunications operator jumped by its daily limit after it swung to its first ever quarterly net profit. Shares in Qatar National Bank rose 0.9 percent after it...

  • *Egypt down, but foreign funds net buyers. DUBAI, April 10- Most stock markets closed down on Monday with volumes low as geopolitical risk kept institutional funds away, but Abu Dhabi's energy company TAQA kept rising after the government increased its stake in the company last week. Abu Dhabi's index fell 0.4 percent, with shares of the recently merged lender...

  • *Qatar to develop world's largest gas field shared with Iran. Qatar declared a moratorium in 2005 on the development of the North Field, which it shares with Iran, to give Doha time to study the impact on the reservoir from a rapid rise in output. The vast offshore gas field, which Doha calls the North Field and Iran calls South Pars, accounts for nearly all of Qatar's...

  • *Qatar to develop world's largest gas field shared with Iran. DOHA, April 3- Qatar has lifted a self-imposed ban on development of the world's biggest natural gas field, the chief executive of Qatar Petroleum said on Monday, as the world's top LNG exporter looks to see off an expected rise in competition. Qatar declared a moratorium in 2005 on the development of the...

  • DOHA, April 3- Qatar has lifted a self-imposed moratorium on development of the world's biggest natural gas field, the chief executive of Qatar Petroleum said on Monday, as the world's top LNG exporter looks to see off an expected rise in competition. Qatar declared a moratorium in 2005 on the development of the North Field, which it shares with Iran, to give Doha...