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Business United Arab Emirates

  • *UAE and Saudi stop sugar exports to Qatar. Saudi Arabia, Egypt, United Arab Emirates and Bahrain cut relations with Qatar on Monday over alleged support for Islamists and Iran in a coordinated move. Trade sources, who declined to be named, said the UAE and Saudi Arabia had stopped exports of white sugar to Qatar.

  • "Vessels flying the flag of Qatar or vessels destined to or arriving from Qatar ports are not allowed to call on the Port of Fujairah or Fujairah Offshore Anchorage regardless of the nature of their call until further notice," authorities in Fujairah, an emirate in the UAE and regional bunkering hub, said in a notice seen by Reuters. Saudi Arabia, the UAE, Egypt and...

  • *Powerful Arab states accuse Qatar of backing Iran agenda. *Egypt accuses Qatar of plan to sow discord. Saudi Arabia, Egypt, United Arab Emirates and Bahrain cut relations with Qatar in a coordinated move.

  • *Qatar suffers biggest fall since 2009. DUBAI, June 5- Qatar's stock market plunged on Monday after four Middle Eastern states severed ties with Doha, while Saudi Arabian shares rose on hopes that index compiler MSCI will move towards upgrading it to emerging market status. Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed air, sea and land...

  • *Qatar is world's biggest exporter of LNG. SINGAPORE/ LONDON, June 5- Saudi Arabia and key allies on Monday cut ties with Qatar, the world's top seller of liquefied natural gas, stoking concern over any supply disruptions to neighbouring countries spilling over into global gas markets. Saudi Arabia, along with the United Arab Emirates and Egypt- both highly reliant...

  • CANCUN, Mexico/ NEW DELHI, June 5- Jet Airways Ltd, India's biggest full service carrier by market share, is in talks to buy 75 single aisle aircraft with an option to purchase another 75, two people familiar with the plan said on Monday. Jet Airways, part owned by Abu Dhabi's Etihad Airways, is likely to consider placing an order for either Boeing's 737 MAX planes or...

  • Oil prices slip on Gulf rift

    CNBC's Jackie DeAngelis reports oil prices dropped on news Saudi Arabia, United Arab Emirates, Bahrain and Egypt broke diplomatic ties with Qatar.

  • *Powerful Arab states accuse Qatar of backing Iran agenda. DUBAI, June 5- The Arab world's strongest powers cut ties with Qatar on Monday over alleged support for Islamists and Iran, re-opening a festering wound two weeks after U.S. Saudi Arabia, Egypt, United Arab Emirates and Bahrain cut relations with Qatar in a coordinated move.

  • FIFA logo seen near the headquarter

    Soccer's governing body FIFA said it was in "regular contact" with the organizing committee of the 2022 World Cup in Qatar on Monday.

  • CANCUN, Mexico/ NEW DELHI, June 5- Jet Airways Ltd, India's biggest full service carrier by market share, is in talks to buy 75 single aisle aircraft with an option to purchase another 75, two people familiar with the plan said on Monday. Jet Airways, part owned by Abu Dhabi's Etihad Airways, is likely to consider placing an order for either Boeing's 737 MAX planes or...

  • *Oil falls as some question impact of diplomatic row over Qatar. *Wall Street seen opening lower after falls in Europe. LONDON, June 5- Oil prices fell on Monday on concerns a diplomatic rift among some of the Arab world's major energy producers could weaken a global deal on output cuts, while sterling shrugged off a deadly attack in London and focused on this week's...

  • DUBAI, June 5- Air travel across the Gulf region and beyond faces major disruption following the move by Saudi Arabia, Egypt, the United Arab Emirates and Bahrain to sever ties with Qatar, accusing the tiny oil rich state of supporting terrorism. Saudi Arabia on Monday banned Qatari airlines from its airspace, while Abu Dhabi's state-owned Etihad Airways and...

  • A picture taken on June 5, 2017 shows a Saudi woman and a boy walking past the Qatar Airways branch in the Saudi capital Riyadh, after it had suspended all flights to Saudi Arabia following a severing of relations between major gulf states and gas-rich Qatar.

    Saudi Arabia broke diplomatic relations and all land sea and air contacts with fellow Gulf Arab state Qatar on Monday, citing terrorism.

  • *But borrowing could become more expensive for Qatar, others. DUBAI, June 5- A diplomatic rift between Qatar and its Gulf neighbours may cost them billions of dollars by slowing trade and investment and making it more expensive for the region to borrow money as it grapples with low oil prices. With an estimated $335 billion of assets in its sovereign wealth fund,...

  • *But borrowing could become more expensive for Qatar, others. DUBAI, June 5- A diplomatic rift between Qatar and its Gulf neighbours may cost them billions of dollars by slowing trade and investment and making it more expensive for the region to borrow money as it grapples with low oil prices. With an estimated $335 billion of assets in its sovereign wealth fund,...

  • *But borrowing could become more expensive for Qatar, others. DUBAI, June 5- A diplomatic rift between Qatar and its Gulf neighbors may cost them billions of dollars by slowing trade and investment and making it more expensive for the region to borrow money as it grapples with low oil prices. With an estimated $335 billion of assets in its sovereign wealth fund,...

  • *But borrowing could become more expensive for Qatar, others. DUBAI, June 5- A diplomatic rift between Qatar and its Gulf neighbors may cost them billions of dollars by slowing trade and investment and making it more expensive for the region to borrow money as it grapples with low oil prices. With an estimated $335 billion of assets in its sovereign wealth fund,...

  • LAUNCESTON, Australia, June 5- Saudi Arabia's dilemma is shown quite neatly by its decision to raise crude oil prices for Asian refiners even though the kingdom is steadily surrendering market share in China, its biggest customer. Arab Light cargoes for July will now be sold at a discount of 25 cents a barrel to the Oman- Dubai crude price, up from a discount of 85...

  • *Powerful Arab states accuse Qatar of backing Iran agenda. *Egypt accuses Qatar of plan to sow discord. DUBAI, June 5- Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed their ties with Qatar on Monday, accusing it of supporting terrorism and opening up the worst rift in years among some of the most powerful states in the Arab world.

  • *Oil rises after some Arab states cut ties with Qatar. *Sterling recovers after fall on London attack, focus on election. LONDON, June 5- Oil rose 1 percent before paring gains on Monday after a diplomatic rift involving some of the Arab world's major energy producers, while sterling weakened only marginally following a deadly attack in London days before a...