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Europe Top News and Analysis Qatar

  • *Lowest trading volume in Dubai since September 2015. DUBAI, Aug 29- Qatar's stock market dropped on Tuesday after Fitch cut the country's credit rating, while most other Gulf bourses fell in thin trade but Egypt's blue-chip index gained strongly, helped by investment firm Qalaa Holdings. Fitch lowered Qatar by one notch to AA-minus with a negative outlook on...

  • Qatar's central bank governor Sheikh Abdullah bin Saud al-Thani attends a meeting with other Gulf Cooperation Council (GCC) central bank chiefs in Kuwait City on March 24, 2010. GCC central bank chiefs are meeting to discuss progress towards regional monetary union.

    Qatar's lenders are quite capable of withstanding the conditions imposed by the Saudi-led boycott, central bank governor Sheikh Abdullah bin Saud al-Thani said on Tuesday.

  • DUBAI, Aug 28- Banks helped nudge stock markets in the Gulf higher on Monday with Saudi Arabian lenders, which may benefit from a potential upgrade of the kingdom by index compiler FTSE at the end of next month, outperforming. Late next month FTSE will announce its decision on whether to include Saudi Arabia and Kuwait in its secondary emerging market index.

  • The skyline of Doha, Qatar.

    Fitch lowered Qatar's credit rating by one notch to AA-minus with a negative outlook.

  • Aug 27- Qatar Airways Group Chief Executive Akbar al-Baker has been elected chairman of the board of governors of the International Air Transport Association, the airline said on Sunday. Qatar Airways has been recently forced to fly longer, more expensive routes after being denied access to the airspace of Saudi Arabia, Bahrain, Egypt and the United Arab...

  • DUBAI, Aug 27- Major Qatari shipping conglomerate Qatar Navigation is launching a direct service between Qatar and Karachi in Pakistan, the company said on Sunday, as it seeks to counter economic sanctions against Doha by other Arab States. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed diplomatic and transport links with Doha on June 5, ending...

  • *Dana Gas supports Abu Dhabi. *Egypt's Orascom Construction drops on net profit decline. DUBAI, Aug 24- Most stock markets in the Middle East declined on Thursday as local retail investors booked profits and institutional investors stayed on the sidelines, while Dubai port operator DP World underperformed because of uninspiring interim earnings.

  • President Donald Trump speaks during his address to the nation from Joint Base Myer-Henderson Hall in Arlington, Virginia, on August 21, 2017.

    President Donald Trump ratcheted up pressure on Pakistan while pushing for a stronger partnership with India on combating terror.

  • *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,...

  • *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.