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Europe Top News and Analysis Qatar

  • *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...

  • 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...

  • Oil erased early losses after leading OPEC producer Saudi Arabia pledged to cut its exports to help speed up the the market rebalancing.

  • *Abu Dhabi Commercial Bank falls after quarterly earnings. *Saudi's Alinma Bank, Arabian Shield rise after earnings. DUBAI, July 23- Islamic finance firm Amlak helped to boost Dubai's stock market on Sunday while Qatar pulled back after events at the weekend failed to point to progress in resolving the diplomatic crisis between Doha and neighbouring states.

  • The skyline of Doha, Qatar.

    It's time for negotiation and dialogue, not confrontation, says Yousef Ali Al-Khater, Qatari ambassador to the U.K.

  • *Qatar signs accord with U.S. amid Gulf dispute. Saudi Arabia, Bahrain, the United Arab Emirates and Egypt imposed sanctions on Qatar last month, saying the gas-rich Gulf state finances Islamist militants throughout the region. But a Western official in the Gulf who has seen the document said it specifies actions Qatar will take by the end of the year, including...

  • *Qatar signs accord with U.S. amid Gulf dispute. Saudi Arabia, Bahrain, the United Arab Emirates and Egypt imposed sanctions on Qatar last month, saying the gas-rich Gulf state finances Islamist militants throughout the region. But a Western official in the Gulf who has seen the document said it specifies actions Qatar will take by the end of the year, including...

  • DOHA, July 20- Qatar's central bank governor said Doha's dispute with four Arab states had not affected long-term oil and gas contracts, state news agency QNA said on Thursday. "Long-term agreements signed by the state of Qatar to provide its customers with oil and gas are sufficient to guarantee continued supply without any problems," QNA quoted Sheikh Abdullah...

  • Time for 'negotiation and dialogue, not confrontation': Qatar ambassador

    It's time for "negotiation and dialogue, not confrontation", Qatar's ambassador to the UK Yousef Ali Al-Khater said, discussing the Gulf's demands of Qatar.

  • Qatar has seen US proof that UAE orchestrated hack, ambassador says

    Qatar ambassador to the UK, Yousef Ali Al-Khater, said the country has seen evidence from US intelligence that the UAE orchestrated a hack on the Qatar's state media.

  • DUBAI/ DOHA, July 19- When is $300 billion not enough? That question is key to Qatar's future as some bankers and hedge funds speculate the super-rich state's vast financial reserves may not be liquid enough to defend its currency in the long term. Central bank governor Sheikh Abdullah bin Saud al-Thani said last week that Doha could employ about $340 billion of...

  • *Qatar says Post report "reveals UAE involvement". LONDON/ DOHA July 17- Qatar said on Monday that a U.S. media report had shown that the United Arab Emirates was involved in an alleged hack of Qatar's state news agency in late May that helped spark a diplomatic crisis in the Gulf. Saudi Arabia, the UAE, Bahrain and Egypt all cut off diplomatic and transport ties with...

  • LONDON, July 17- The United Arab Emirates was not responsible for an alleged hack of Qatari websites which helped spark a month-long diplomatic rift with Doha, the UAE's minister of state for foreign affairs said on Monday. Qatar's emir, Sheikh Tamim bin Hamad al-Thani, was quoted in May as praising Gaza's ruling Hamas movement and calling Iran an "Islamic power".

  • DUBAI, July 17- Qatari shopping mall operator Doha Festival City said it remained in discussions with banks to amend a $1 billion loan after bankers said a refinancing of the facility had been put on hold because of Qatar's diplomatic crisis. Several bankers, including two at Qatari institutions involved in the proposed deal, told Reuters that the refinancing...