Europe Top News and Analysis Qatar

  • *Dana Gas loses 1.27 pct. It has been hurt by the economic and political boycott of Qatar by Saudi Arabia, the United Arab Emirates, Bahrain and Egypt. A London High Court judge on Tuesday adjourned a trial on Dana Gas and its creditors until Thursday after a UAE injunction issued last Sunday prevented the company from taking part in the proceedings.

  • *Qatar snaps 11- session losing streak. DUBAI, Sept 19- Qatar's stock index came slightly off a five-year low on Tuesday as local funds intensified their buying of those shares, while Saudi Arabia was the region's worst performer. In Abu Dhabi, Dana Gas rose 1.3 percent ahead of a London High Court hearing on Monday and Tuesday over the validity of its sukuk.

  • The skyline of Doha, Qatar.

    According to Qatar's economy and trade minister, the state's finances are faring "better than ever."

  • DUBAI, Sept 19- Qatar pumped 29.1 billion riyals into its banking system in August to cushion it from withdrawals by financial institutions from neighbouring Arab states due to the Gulf's diplomatic crisis, central bank data showed. The current crisis, triggered by the political and economic boycott of Qatar by the United Arab Emirates, Saudi Arabia, Bahrain...

  • Qatar economic minister: We are sharing biggest gas field with Iran

    Ahmed Bin Jassim Al-Thani, Qatar's economic minister, discusses the economic impact on the Gulf blockade.

  • *Initially, short-term funds pulled out of Qatar. *Qatar can continue operating but with higher costs. In the initial weeks after the United Arab Emirates, Saudi Arabia, Bahrain and Egypt cut diplomatic and transport ties with Doha on June 5, accusing it of backing terrorism, many long-term investors sat tight, hoping the dispute would be resolved soon and allow...

  • *Qatar Insurance down on closure of UAE unit. Shares of Qatar Insurance dropped 2.3 percent after the company said it was closing its Abu Dhabi branch because it had not been able to obtain a license. The United Arab Emirates, Saudi Arabia, Bahrain and Egypt cut diplomatic and transport ties with Doha on June 5.

  • Snapchat co-founders Bobby Murphy and Evan Spiegel at the New York Stock Exchange (NYSE), March 2, 2017 in New York City.

    Snap was asked by Saudi Arabia to remove the Al Jazeera Discover Publisher Channel in that country because it violated local laws.

  • DOHA, Sept 17- Qatar's defense minister has signed a letter of intent to purchase 24 Typhoon jets from British defense group BAE Systems, in a move that could anger other Gulf countries boycotting Doha. Saudi Arabia, the UAE, Egypt and Bahrain cut diplomatic and trade links with Qatar on June 5, suspending air and shipping routes with the world's biggest exporter of...

  • Deputy Crown Prince of Saudi Arabia Mohammad bin Salman Al Saud

    Saudi activists have circulated lists of 30 or more people they say have been detained, N.Y. Times reports.

  • Qatar has the resources to adapt to a diplomatic spat that snapped ties with key Gulf countries led by Saudi Arabia and may find new opportunities, says Ali Ahmed Al-Kuwari, CEO of Qatar National Bank.

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

    Countries that started a regional blockade against Qatar are actually dependent on trade with the gas-rich state, Qatar National Bank said.

  • DUBAI, Sept 14- Qatar's sovereign wealth fund Qatar Investment Authority has reduced its stake in upscale jeweller Tiffany& Co as it rebalances its asset portfolio, according to Morgan Stanley, which managed the deal. QIA sold 4.4 million shares in the jeweller through a block sale completed on Thursday, Morgan Stanley said in a statement, reducing its stake to...

  • *Dana Gas buoyant again in Abu Dhabi. *Egypt's El Sewedy Electric up on new contracts, dividend. DUBAI, Sept 13- Shares of Saudi Arabia's top food producers, Savola and Almarai, fell on Wednesday after Savola said it was selling a small stake in the dairy maker, while Qatar's bourse closed at a 52- month low as foreign funds continued to exit.

  • *Saudi British Bank surges after Morgan Stanley upgrade. DUBAI, Sept 11- Qatar's stock market sank to a 19- month low on Monday while other regional bourses were mixed in mostly quiet trade, although Saudi British Bank surged in Riyadh. The market has been depressed by the diplomatic dispute between Qatar and its neighbours that erupted in early June, and after a...

  • Saudi Arabia's Deputy Crown Prince Mohammed bin Salman (2nd L) on April 19, 2017 in Riyadh, Saudi Arabia.

    Saudi Arabia on Saturday suspended any dialogue with Qatar, accusing it of "distorting facts."

  • DUBAI, Sept 9- Saudi Arabia's Crown Prince Mohammed bin Salman received a phone call on Friday from Qatar's Emir Sheikh Tamim bin Hamad al-Thani, state media from both countries reported, in what could be a breakthrough in the dispute between Doha and neighboring Arab states. "During the call, the Emir of Qatar expressed his desire to sit at the dialogue table and...

  • *Doha at 20- month closing low. *Dana Gas stalls after two-day surge. DUBAI, Sept 6- Saudi Arabia's equities index firmed on Wednesday because of strong oil prices while Qatar fell to its lowest close since January 2016 after index compiler FTSE's mid-year review hurt some stocks.

  • HAMAD PORT, Qatar, Sept 5- Qatar inaugurated a new $7.4 billion port along its Gulf coast on Tuesday that officials said would become a regional transport hub and help shield its economy against sanctions enforced by neighboring Arab states. Since Saudi Arabia, Egypt, Bahrain and the United Arab Emirates severed ties with Qatar in June, the port has been receiving...

  • *Dubai's DAMAC rises after Reuters interview with chairman. DUBAI, Aug 30- Corporate news boosted a couple of stocks in the United Arab Emirates on Wednesday, while a leap by Global Telecom and strong international markets lifted Egypt's blue-chip index sharply. Trading volumes have generally been low in the Middle East in recent days because of the approach of...