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Business United Arab Emirates

  • LONDON, July 13- Britain has proposed a loosening of rules on stock market listings by state companies, just as the London Stock Exchange is trying to win the IPO of Saudi Arabian oil giant Saudi Aramco, a potentially huge but controversial prize. The new rules proposed by Britain's financial watchdog would create a new listing category for companies controlled...

  • *Qatar- Gulf row threatens petrodollar repatriation. The diplomatic spat-- in which a number of Gulf states cut links with Qatar over alleged support for terrorism, which Doha denies-- comes as U.S. and European central banks are already fuelling a rise in global borrowing costs by preparing to unwind years of super-easy credit. Qatar has already battled to steady...

  • *Qatar- Gulf row threatens petrodollar repatriation. The diplomatic spat-- in which a number of Gulf states cut links with Qatar over alleged support for terrorism, which Doha denies-- comes as U.S. and European central banks are already fueling a rise in global borrowing costs by preparing to unwind years of super-easy credit. Qatar has already battled to steady...

  • *Qatar Airways wants to buy up to 10 pct stake in American. July 13- Qatar Airways said it will go ahead with plans to buy a stake in American Airlines Inc even though the U.S. carrier is ending their code-share agreement. American announced on Wednesday that it was cancelling code-share agreements with Qatar Airways and Etihad Airways as "an extension of our stance...

  • DUBAI, United Arab Emirates— The U.S.' s top diplomat was expected to travel back to Qatar on Thursday for more talks with the country's 37- year-old emir, a day after wrapping up discussions with the king of Saudi Arabia and other officials from Arab countries lined up against Qatar. Saudi Arabia, the United Arab Emirates, Egypt and Bahrain severed relations with...

  • July 12- American Airlines Inc said on Wednesday that state-owned Qatar Airways has revised its antitrust filing with U.S. regulators seeking clearance to buy up to a 10 percent stake in the U.S. carrier, but there were no details provided on the new filing. Separately, American said it is ending code-share agreements with both Qatar Airways and Abu Dhabi's...

  • July 12- American Airlines Inc said on Wednesday that state-owned Qatar Airways has revised its antitrust filing with U.S. regulators seeking clearance to buy up to a 10 percent stake in the U.S. carrier, but there were no details provided on the new filing. Separately, American said it is ending code-share agreements with both Qatar Airways and Abu Dhabi's...

  • Airbus A380-800, manufactured by Airbus SAS and operated by Qatar Airways and Etihad Airways.

    American Airlines is ending code share agreements with Etihad Airways and Qatar Airways.

  • WASHINGTON, July 12- American Airlines Inc said Wednesday it ending its code share agreements with Etihad Airways and Qatar Airways over an ongoing dispute over Gulf states support for the carriers. Etihad Airways is a flag carrier and the second-largest airline of the United Arab Emirates, based in Abu Dhabi. Qatar Airways is the state-owned flag carrier of...

  • DOHA, July 12- State-run Qatargas, the world's largest producer of liquefied natural gas, has asked its suppliers to set up local operations in Qatar in an apparent bid to shield the Gulf state from further economic sanctions threatened by its neighbours. Saudi Arabia, Bahrain, the United Arab Emirates and Egypt cut diplomatic ties and severed transport links...

  • *United Electronics down on profit-taking. DUBAI, July 12- Stock markets in the Middle East rose on Wednesday, bolstered by banking shares ahead of testimony from Federal Reserve Chair Janet Yellen that could offer clues on when the central bank will tighten U.S. monetary policy. Most Gulf currencies are pegged to the dollar and any monetary policy change in the...

  • *Qatar- Gulf row threatens petrodollar repatriation. Qatar has already battled to steady the riyal's fixed exchange rate to the dollar; investors now fear a prolonged crisis could spread to pegs in Saudi Arabia, Kuwait, United Arab Emirates, Bahrain and Oman. Gulf governments are adamant they will hold the pegs and with collective sovereign assets approaching...

  • *Qatar- Gulf row threatens petrodollar repatriation. Qatar has already battled to steady the riyal's fixed exchange rate to the dollar; investors now fear a prolonged crisis could spread to pegs in Saudi Arabia, Kuwait, United Arab Emirates, Bahrain and Oman. Gulf governments are adamant they will hold the pegs and with collective sovereign assets approaching...

  • The secretary of state's trip from Kuwait to the western Saudi city of Jiddah on Wednesday followed discussions the previous day with the emir of Qatar, Sheikh Tamim bin Hamad Al Thani, that ended with the signing of a counterterrorism pact. Saudi Arabia, the United Arab Emirates, Egypt and Bahrain severed relations with Qatar and cut air, sea and land routes with...

  • ABU DHABI/ DUBAI, July 12- Abu Dhabi's national oil company is weighing proposals from Goldman Sachs, First Abu Dhabi Bank, HSBC and JPMorgan for lead roles in the listing of its retail business as the emirate joins other Gulf states in privatising assets, sources familiar with the matter said. ADNOC's listing could also stir the UAE's lacklustre IPO scene from its...

  • Secretary of State Rex Tillerson wrapped up talks with the king of Saudi Arabia and other officials from Arab countries lined up against Qatar on Wednesday with no sign of a breakthrough in an increasingly entrenched dispute that has divided some of America's most important Mideast allies. The secretary of state's trip from Kuwait to the western Saudi city...

  • DOHA, Qatar— It's been more than a month since four Arab nations cut land, sea and air routes to Qatar, but in the gas-rich Gulf nation's glimmering malls and luxury hotels there is little sign of hardship. Grocery stores are brimming with meats and cheeses from Europe and Turkey, and just last month the country's main port received 4,300 cars and sheep from...

  • DUBAI, July 11- Blue-chip banks pushed Middle East stock markets slightly higher on Tuesday, a day ahead of the testimony from Federal Reserve Chair Janet Yellen for clues on when the central bank would tighten U.S. monetary policy. Most Gulf currencies are pegged to the dollar and any monetary policy change in the United States is usually mimicked by Saudi...

  • The former deputy Prime Minister of Qatar has hit back at claims that it is propping up terrorism in Iran, telling its neighbouring Gulf states that they should point the finger closer to home.

  • Oman was pioneer of active oil trading in Middle East. By Rania El Gamal and Dmitry Zhdannikov. DUBAI/ LONDON, July 11- Abu Dhabi National Oil Company is looking to set up its own trading unit, possibly together with an oil major or a big trading house, joining other Middle East producers seeking to boost earnings via new revenue streams, industry sources said.