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Europe Top News and Analysis Qatar

  • 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...

  • *Abu Dhabi swings higher in volatile session. DUBAI, Dec 6- The petrochemical sector helped carry Saudi Arabia's stock market to a fresh one-year closing high on Tuesday after crude oil prices hit a 17- month peak, while Egypt's market followed global shares upwards. The petrochemical sector stayed strong; it has been contributing to the market's positive...

  • *Dubai outperforms as it catches up with region. DUBAI, Dec 4- Most stock markets in the Gulf rose on Sunday as investors cheered a rally in crude oil prices, while foreign buyers continued to support Egypt's index. But a string of positive events over the last several weeks- principally the government's $17.5 billion international bond sale, its promise to settle...

  • Dec 1- Shamoon, the destructive computer virus that four years ago crippled tens of thousands of computers at Middle Eastern energy companies, was used two weeks ago to attack computers in Saudi Arabia, according to several U.S. cyber security firms. Victims included the General Authority of Civil Aviation, the Saudi agency that runs airports, where the attack...

  • Dec 1- A version of Shamoon, the destructive computer virus that four years ago crippled tens of thousands of computers at Middle Eastern energy companies, was used two weeks ago to attack computers in Saudi Arabia, according to U.S. security firms. Saudi Arabia confirmed on Thursday that hackers had launched a virus attack on computers in government bodies and...

  • The logo of OPEC is pictured at the OPEC headquarters on the eve of the 171th meeting of the Organization of the Petroleum Exporting Countries in Vienna, on November 29, 2016.

    OPEC on Wednesday agreed to its first oil output limits in eight years, triggering an oil rally, but market watchers were asking whether members will cheat.

  • LONDON, Nov 23- OPEC officials are struggling to reach a final agreement on how to share out production cuts implied by the preliminary output accord agreed by ministers in September. In theory, all OPEC members would benefit in absolute terms if an output cut produced even a modest and sustained rise in oil prices, so there are strong financial incentives for a...

  • LONDON, Nov 23- OPEC officials are struggling to reach a final agreement on how to share out production cuts implied by the preliminary output accord agreed by ministers in September. In theory, all OPEC members would benefit in absolute terms if an output cut produced even a modest and sustained rise in oil prices, so there are strong financial incentives for a...

  • *OPEC members propose Iran cap output at 3.92 mln bpd. OPEC member countries have proposed Iran cap its oil output at 3.92 million barrels per day under a production-limiting deal for the whole group, a source familiar with the proposal has told Reuters. While Iran has not yet responded to the proposal, it suggests OPEC members may be coming nearer to a consensus on...

  • DOHA, Nov 18- OPEC is moving closer towards finalising this month its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, ministers and sources said on Friday. On Friday, several OPEC oil ministers including Saudi Arabia's Khalid al-Falih met in Doha on the sidelines of a gas forum.