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  • A file photo showing a Libyan oil worker from the Libyan National oil and gas company checks an oil pipelines at the Zawiya oil installation in Zawiya, Libya.

    OPEC slashed production in December, delivering a bullish signal to the market one month before the producer group officially began a fresh round of output cuts.

  • *U.S. talks with Doha to supply Germany with LNG- official. DUBAI/ DOHA, Jan 14- The United States wants Qatar, the world's top liquefied natural gas supplier, to challenge Russia's gas dominance in Europe, a U.S. administration official said on Monday. Energy Secretary Dan Brouillette told Reuters that the United States is talking with Doha about supplying Europe...

  • DOHA, Jan 13- Qatar Investment Authority aims to raise investments in the United States to $45 billion in the next two years as it rebalances its portfolio of assets away from Europe, its chief executive said on Sunday. Mahmoud's predecessor Sheikh Abdullah bin Mohamed bin Saud al-Thani in 2015 committed to invest $45 billion in the U.S. over a five-year period.

  • WASHINGTON, Jan 11- The United States plans to jointly host a global conference focused on the Middle East, particularly Iran, next month in Poland, the U.S. State Department said on Friday. Secretary of State Mike Pompeo told Fox News in an interview to air on Friday that the meeting would "focus on Middle East stability and peace and freedom and security here in this...

  • *Qatar index at its highest level since March 2017. Jan 10- The Qatar stock market hit its highest level in nearly two years on Thursday, as financial stocks boosted most major Gulf bourses ahead of corporate earnings announcements next week. Egypt's blue-chip index was flat, with El Sewedy Electric adding 2 percent and Commercial International Bank inching up...

  • *Commercial International pulls down Egypt. Market heavyweight Saudi Basic Industries added 1.5 percent and Al Rajhi Bank was up 1.4 percent. Al Ahsa Development gained 2 percent after signing an agreement to buy a 25 percent stake in Twareat Medical Center for 15 million riyals.

  • GENEVA, Jan 8- Venezuela has launched a complaint at the World Trade Organization to challenge U.S. sanctions, saying that a ban on travel by blacklisted individuals and trade restrictions break WTO rules, a WTO filing showed on Tuesday. In its second-ever WTO complaint, filed on Dec. 28, Venezuela also cited U.S. rules on sales of gold and discriminatory treatment...

  • PARIS, Jan 7- Dassault Aviation business jet deliveries fell last year while deliveries of the Rafale warplane rose and new orders for both categories were also higher, the French jetmaker said on Monday. The family-controlled company said it had handed over 41 new Falcon business jets in 2018, down from 49 a year earlier, while deliveries of a dozen Rafale...

  • *Former Barclays CEO John Varley among defendants. LONDON, Jan 7- The most senior bankers to face criminal charges in Britain over conduct during the financial crisis are preparing to appear before a London jury in a trial that will test the mettle of the Serious Fraud Office. Varley, who married into one of the families that helped build Barclays, Roger Jenkins, the...

  • *Mexico, Pakistan open buy tenders. *Supply ample from Far East, Middle East. Spot prices for February delivery to Asia were assessed at $8.75 per million British thermal units compared to $9.10 last week, industry sources said, citing low liquidity as the reason for the fall.

  • SINGAPORE, Jan 4- A record amount of liquefied natural gas production is expected to get the green light in 2019 amid strong global demand, especially from China, analysts said. Frontrunners this year include the $27 billion Arctic LNG 2 project by Russia's Novatek, at least one project in Mozambique and three in the United States, Woodmac said in a report to its...

  • *Egypt's Talaat Mostafa rises on higher annual sales. *Dubai's Aramex suffers biggest one-day loss in a year. Jan 2- Egypt's blue-chip stock index rose sharply on Wednesday, boosted by its biggest bank, while all major Gulf markets were weak, with some investors away on year-end holidays.

  • DUBAI, Jan 2- Qatar's cabinet approved the establishment of a Microsoft global data center in the small Gulf country, state news agency QNA reported on Wednesday.

  • DUBAI/ BEIJING, Jan 2- Qatar Airways has acquired a 5 percent stake in China Southern Airlines, the state-owned Gulf carrier said on Wednesday, in a move to gain access to the fast-growing mainland Chinese market. Qatar Airways also owns a 20 percent stake in British Airways-parent International Consolidated Airlines Group, 10 percent of South America's LATAM...

  • *Dubai posts biggest rise since June 2017. *Qatar, Kuwait, Saudi all beat emerging market index in 2018. The Dubai index, which hit five-year lows last week, surged 2.4 percent-- it biggest rise since June 2017-- as real estate stocks rebounded.

  • MOSCOW/ DUBAI, Dec 21- Japan's Mitsui& Co Ltd, Russian sovereign wealth fund RDIF and Saudi Aramco are in talks to buy stakes in Novatek's Arctic LNG 2 project, with the size of the investments still to be decided, sources familiar with the talks told Reuters. Novatek owns a 90 percent stake in the project, with France's Total holding the other 10 percent.

  • "As LNG exports increase, so will future gas prices," said Tom DiCapua, managing director of wholesale energy services at Con Edison Energy, a provider of energy management services, including the purchase of gas, for power plants owned by several companies. Henry Hub benchmark in Louisiana hit $4.929 per million British thermal units in November- their highest in...

  • ROME, Dec 18- Air Italy will start flying to Chicago next year, a move likely to revive a dispute between its minority shareholder Qatar Airways and U.S rivals trying to squeeze Gulf operators out of their domestic market. Formerly known as Meridiana, Air Italy is the country's second-largest airline, behind ailing Alitalia, and state-owned Qatar Airways holds a...

  • DOHA/ GENEVA, Dec 18- The World Trade Organization said on Tuesday it would investigate Qatar's allegations of intellectual property breaches against Saudi Arabia, despite the kingdom's objection that the WTO had no standing to hear the case. Qatar launched the dispute in October, saying Saudi Arabia was blocking Qatari-owned broadcaster beIN and refusing...

  • *Saipem deal seen worth 2.5 billion euros- source. By Katya Golubkova and Stephen Jewkes. MOSCOW/ MILAN, Dec 18- Italian energy contractor Saipem plans to sign a deal this week with Novatek to build offshore platforms for the Russian firm's liquefied natural gas project, Arctic LNG 2, two sources close to talks told Reuters.