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Business United Arab Emirates

  • *Qatar outperforms region, nears pre-crisis level. *Foreign investors remain net buyers in Qatar. DUBAI, July 24- Banks pushed Qatar's stock market higher on Monday while Saudi Arabia's market edged down as telecommunications firm Mobily plunged in the wake of a bigger-than-expected quarterly loss.

  • DUBAI, July 24- Abu Dhabi oil giant Adnoc is in talks to obtain a syndicated loan worth up to $5 billion, the latest sign that the region's giant oil companies are increasingly turning to the debt markets to fund expansion. A third said it was expected to be in a range of $4 billion to $5 billion. The loan facility, which would have various maturities of up to five years, is...

  • KUWAIT CITY— Turkey's president waded into the diplomatic crisis gripping Qatar and four other Arab nations on Sunday, traveling to Saudi Arabia and Kuwait as part of a three-country Gulf tour aimed at helping break the impasse. While members of the anti- Qatar quartet have strong trade links with Turkey, its closeness to Qatar raises suspicions of its motives...

  • *Abu Dhabi Commercial Bank falls after quarterly earnings. *Saudi's Alinma Bank, Arabian Shield rise after earnings. DUBAI, July 23- Islamic finance firm Amlak helped to boost Dubai's stock market on Sunday while Qatar pulled back after events at the weekend failed to point to progress in resolving the diplomatic crisis between Doha and neighbouring states.

  • DUBAI, United Arab Emirates— The Latest on the crisis diplomatic crisis between Qatar and four Arab countries:. Turkey's president has met with the ruler of Kuwait to discuss ways to end the diplomatic crisis between Qatar and four of its Arab neighbors. Saudi Arabia, the United Arab Emirates, Egypt and Bahrain cut ties and transport links with Qatar in early June,...

  • KUWAIT CITY— Turkey's president waded into the diplomatic crisis gripping Qatar and four other Arab nations on Sunday, traveling to Saudi Arabia and Kuwait as part of a three-country Gulf tour aimed at helping break the impasse. While members of the anti- Qatar quartet have strong trade links with Turkey, its closeness to Qatar raises suspicions of its motives.

  • U.S. Secretary of State Rex Tillerson (R) meets with Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani at the State Department in Washington, U.S., June 27, 2017.

    Rex Tillerson approved of Qatar's efforts to implement an agreement aimed at combating terror financing.

  • BENGALURU, July 21- Organisers of conferences and trade shows are benefiting from a shift in the way marketing budgets are allocated, with companies spending less on advertising and more on events that allow them to connect directly with customers. Research and advisory firm Outsell predicts corporate budgets for business-to-business events in the giant...

  • The skyline of Doha, Qatar.

    It's time for negotiation and dialogue, not confrontation, says Yousef Ali Al-Khater, Qatari ambassador to the U.K.

  • Time for 'negotiation and dialogue, not confrontation': Qatar ambassador

    It's time for "negotiation and dialogue, not confrontation", Qatar's ambassador to the UK Yousef Ali Al-Khater said, discussing the Gulf's demands of Qatar.

  • Qatar has seen US proof that UAE orchestrated hack, ambassador says

    Qatar ambassador to the UK, Yousef Ali Al-Khater, said the country has seen evidence from US intelligence that the UAE orchestrated a hack on the Qatar's state media.

  • DUBAI/ DOHA, July 19- When is $300 billion not enough? That question is key to Qatar's future as some bankers and hedge funds speculate the super-rich state's vast financial reserves may not be liquid enough to defend its currency in the long term. Central bank governor Sheikh Abdullah bin Saud al-Thani said last week that Doha could employ about $340 billion of...

  • *Middle East rival to Uber launches in occupied West Bank. RAMALLAH, West Bank, July 18- Careem, a Middle Eastern rival to Uber, has become the first ride-hailing firm to operate in the Israeli-occupied West Bank. There is certainly a market for easier ride-hailing among the nearly 3 million Palestinians living in the West Bank, but the fact the mobile network is...

  • DUBAI, United Arab Emirates— One of Qatar's two telecommunications companies is struggling to bring its network online following a widespread outage. Vodafone competes against Ooredoo, formerly known as Qtel. The outage happened as Qatar remains locked in a dispute with four other Arab countries that have cut diplomatic ties and severed air, land and sea...

  • The Washington Post, quoting unnamed U.S. intelligence officials, reported Sunday that the UAE orchestrated the hacking and planted a false story that was used as a pretext for the crisis between Qatar and four Arab countries. The report said senior members of the Emirati government discussed the hacking plan a day before a story appeared on the official Qatar...

  • DUBAI, United Arab Emirates— Emirates, the Middle East's largest airline, and budget carrier flydubai have announced plans to more closely integrate their operations. The two airlines operate independently, but are owned by the same entity, the Investment Corporation of Dubai. Emirates Group and flydubai chairman, Sheikh Ahmed bin Saeed Al Maktoum, said Monday...

  • *Kazakhstan, Saudi Arabia, Egypt, Greece planning to sell assets. LONDON, July 17- Proposed changes to Britain's listing regime are likely to attract a series of state-backed companies to London's stock markets as governments in oil rich states prepare for a wave of asset sales. The move was applauded by Britain's financial lobby groups as helping to make sure the...

  • Bahraini Foreign Minister Khalid bin Ahmed al-Khalifa (L), Egyptian Foreign Minister Sameh Shoukry (C-L), Saudi Foreign Minister Adel al-Jubeir (C-R), and UAE Minister of Foreign Affairs and International Cooperation Abdullah bin Zayed Al-Nahyan (R) meet in the Egyptian capital Cairo on July 5, 2017, to discuss the Gulf diplomatic crisis with Qatar, as Doha called for dialogue to resolve the dispute.

    The UAE planted a false story on a Qatari site that was used as a pretext for the current diplomatic crisis, The Washington Post reported.

  • *UAE banks reluctant to take part for political reasons. DUBAI/ DOHA July 16- The refinancing of a $1 billion loan by Doha Festival City, a retail and hospitality complex in Qatar, has been indefinitely postponed as a diplomatic crisis deters regional banks from doing new Qatari business, bankers said. But Saudi Arabia, the UAE, Egypt and Bahrain cut diplomatic and...

  • DUBAI, United Arab Emirates— The Latest on developments in Qatar:. Jean-Yves Le Drian is the latest diplomat to visit the Gulf to try and help find a solution to the crisis between Qatar and Saudi Arabia, the United Arab Emirates, Bahrain and Egypt, which cut ties with the small Gulf nation in early June. The dispute between Qatar, on one side, and Saudi Arabia, the UAE,...