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Europe Top News and Analysis Qatar

  • *Dubai's Union Properties rebound continues. *Egypt's El Sewedy Electric down on profit-taking. Saudi Indian Company for Cooperative Insurance dropped 3.8 percent, Malath Cooperative Insurance fell 4.5 percent and Arabian Shield Cooperative Insurance slumped 7.6 percent.

  • *Egypt's SODIC down on earnings miss. DUBAI, Aug 17- Most major stock markets in the Gulf rose on Thursday with Saudi Arabia's index gaining strength from positive company-specific news while shares of one of Egypt's property developers dropped as its quarterly earnings missed estimates. Atheeb Telecommunications climbed 2.5 percent to 8.21 riyals in its...

  • *Factbox on Qatar's equity holdings. DOHA/ ZURICH, Aug 16- Qatar's sovereign wealth fund, with around $300 billion to its name, is shrugging off the country's diplomatic crisis with its neighbours and planning to expand its holdings. Qatar's economy has been under pressure since June 5 when Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic...

  • H.E. Sahar Nasr, minister of investment and international cooperation for the Egyptian government, discusses financial opportunity in the MENA region.

  • DUBAI, Aug 14- Shares of the first family-owned business to list in Qatar slumped on Monday as they began trading, while weak earnings at several companies in Dubai weighed on the stock index there. Egypt fell for a fifth straight day. Qatari conglomerate Investment Holding Group tumbled 13 percent from its initial public offer price to 8.70 riyals.

  • *UAE also assures EU no business bias over Qatar. DUBAI, Aug 13- Four Arab countries that imposed sanctions on Qatar have told the United States that U.S. companies doing business with them would not be punished for also working with Doha, four sources with knowledge of the matter said. The European Union has been given similar "official... verbal assurances" by the UAE,...

  • In this handout photo provided by the Israel Government Press Office (GPO), US President Donald J Trump (L) and White House senior adviser Jared Kushner meet with Israel Prime Minister Benjamin Netanyahu (R) at the King David Hotel May 22, 2017 in Jerusalem, Israel.

    Trump will be sending three officials to the Middle East to discuss resuming the Israeli-Palestinian peace process, the White House reports.

  • *Egypt's Emaar Misr climbs after earnings. DUBAI, Aug 9- Middle Eastern stock markets generally moved sideways in quiet trade on Wednesday, outperforming other emerging markets, though Dubai theme park operator DXB Entertainments sank because of poor first-half earnings. But this may have left the Gulf less vulnerable to a pull-back as MSCI's emerging market...

  • The Doha Skyline at the Sheraton Grand Hotel on November 17, 2016 in Doha, Qatar.

    Moody's cut the outlook for Qatar's banking system to negative on Tuesday amid a continuing blockade of the country by its neighbors.

  • Fireworks over Khalifa International Stadium during its official opening ceremony on May 19, 2017 in Doha, Qatar.

    Some expatriate workers are eligible for residency rights in the world's wealthiest country following a landmark ruling last week.

  • LONDON, Aug 7- The boss of Standard Chartered has warned that Dubai risks damaging its status as a financial centre as a result of the trade boycott of Qatar by a Saudi-led bloc, which includes the United Arab Emirates. But the diplomatic rift with Qatar could make it harder for global banks to base the vast majority of their coverage of the Gulf out of Dubai.

  • The Doha Skyline at the Sheraton Grand Hotel on November 17, 2016 in Doha, Qatar.

    Qatar plans to allow some expatriates to obtain permanent residency, state news agency QNA reported, in the first move of its kind among Gulf Arab states that rely heavily on foreign labor.

  • A Qatar Cargo Boeing 777F plane and an American Airlines Airbus 321 prepare for take off at Los Angeles International Airport in Los Angeles, California.

    CNBC's Phil LeBeau reports that Qatar Airways will no longer pursue its plans for a previously announced 10 percent stake in American Airways.

  • *Qatar's GIS slumps on huge profit miss. DUBAI, Aug 1- Saudi Arabian shares snapped a six-session losing streak on Tuesday while Qatar's market fell, hit by a slump in an oil drilling service provider after it barely broke even in the second quarter. Gulf International Services lost 8.0 percent after posting net profit of 700,000 Qatari riyals, according to...

  • MONTREAL, July 31- Qatar Airways is expected to have access to three contingency routes over international waters in early August, after a UN-led meeting on Monday discussed air corridors for Doha following a rift with its neighbors, a source familiar with the matter said. Qatar had asked the International Civil Aviation Organization to intervene after its...

  • GENEVA, July 31- Qatar filed a wide-ranging legal complaint at the World Trade Organization on Monday to challenge a trade boycott by Saudi Arabia, Bahrain and United Arab Emirates, the director of Qatar's WTO office Ali Alwaleed al-Thani told Reuters. By formally "requesting consultations" with the three countries, the first step in a trade dispute, Qatar...

  • Why this is a big deal for Abu Dhabi ports

    Abu Dhabi Ports CEO Mohamed Juma Al Shamisi tells CNBC that the agreement with China's Jiangsu province is "a big deal for us."

  • *Alawwal Bank hit by weak Q2 results. The Riyadh index fell 0.8 percent as the largest petrochemical maker Saudi Basic Industries lost 1.3 percent after it reported a second-quarter net profit of 3.71 billion riyals, below analysts' estimates of 4.6 billion riyals and down by a quarter from the year ago period. Shares in Alawwal Bank shed 4 percent after the...

  • PARIS, July 28- French construction group Vinci said on Friday that its Qatar business had seen no disruption at this stage after Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed relations with Qatar last month. Vinci operates in Qatar through its 49 percent- owned Qatari unit QDVC. Saudi Arabia, Egypt, the United Arab Emirates and Bahrain cut...

  • SINGAPORE, July 26- The United Arab Emirates will import the country's first oil cargo from the United States, two sources familiar with the matter said, as the OPEC producer sought substitutes to replace Qatari condensate supplies after a diplomatic row. The UAE halted condensate imports from Qatar after it, along with Saudi Arabia, Egypt and Bahrain, severed...