Gulf State Business

Second-largest Gulf carrier previously held 15.7% in IAG.

Published in Qatar


Qatar's petroleum products marketing company is to be integrated within Qatar Petroleum (QP) by the end of 2016 as the country cuts costs at state-owned enterprises to contend with low oil prices and increased competition in energy markets.

Published in Qatar

Authorities on Friday freed Karim Wade, the son of Senegal's longtime former president, after he served half of his six-year sentence on charges of corruption and illegally accumulating a fortune of at least $200 million.

Published in Qatar

Qatar's government expects to run a budget deficit for at least three years as low natural gas and oil prices weigh on its revenues.

Published in Qatar

Qatar is seeking to draw in more foreign investors and cut its dependence on gas revenues by setting up special economic zones that will allow for 100 percent overseas ownership.

Published in Qatar

The economic slowdown gripping countries across the Persian Gulf can be seen in layoffs, slowed construction projects and government cutbacks. For the millions of foreign workers drawn by brighter job prospects, it can have a far-darker side if they find themselves deep in debt.

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International players from Denmark and Norway have criticized conditions in Qatar for migrant workers building projects linked to the 2022 World Cup.

Published in Qatar

    Qatar, the world’s biggest liquefied natural gas exporter, will seek to raise up to $5 billion from a planned bond sale as early as this month, according to three bankers familiar with the deal, as a decline in energy prices buffets the nation’s finances.

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Turkey deployed soldiers to a new military base in Qatar on Thursday as part of a security agreement which visiting Turkish Prime Minister Ahmet Davutoglu said would help counter threats to both countries.

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Qatar National Bank, the largest lender in the Middle East and Africa by assets, is investigating an alleged security breach of data posted online this week that revealed the names and passwords of a large number of customers.

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Qatar will allow its domestic gasoline and diesel prices to fluctuate in response to changes in global markets as it seeks to reduce waste of fuel and save money for the state budget.

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The head of soccer's world governing body FIFA urged Qatar to hasten improvements in safety and labour conditions for builders working on sites for the 2022 World Cup and declared:"we will not just sit and wait".

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Qatar's central bank has issued new maximum limits on open positions that banks can hold in foreign currency, according to a circular seen by Reuters that was sent to banks last week.

Published in Qatar

The U.S. Air Force deployed B-52 bombers to Qatar on Saturday to join the fight against Islamic State in Iraq and Syria, the first time they have been based in the Middle East since the end of the Gulf War in 1991.

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Events

International workshop on state-business relations in the GCC Institute of Arab and Islamic Studies Exeter, 12-13 September...

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