Latest in Tag: Qatar Highlight
Latest in Tag: Qatar
Al Jazeera files $150m claim against Egypt
Doha-based broadcaster says government violated bilateral investment treaty
Egypt to participate in joint air force training in the Gulf
Gulf air force exercises intended to deepen Bahrain-Egypt strategic relationship
Dubaiâs Emaar properties posts 55% rise in Q1 profit
Reuters – Dubaiâs Emaar Properties reported a 55% rise in first-quarter net profit on Tuesday, as the regionâs economic recovery brought consumers back to its malls and shopping units, and house buyers returned to the market. The builder of the worldâs tallest tower, the Burj Khalifa, reported a profit of AED 863m ($234.96m) in the …
Haniyeh calls for permanent opening of Rafah crossing
The border crossing has been closed since 1 April; humanitarian cases are still cut off inside the strip without access to assistance
Family of journalist held in Egypt says health worsening
The family of an Al-Jazeera journalist detained in Egypt for nearly eight months called for his immediate release
Qatar buys helicopters, missiles in $23bn arms deals
Reuters – Qatar announced contracts worth about $23bn on Thursday to buy attack helicopters, guided missiles, tankers and other weapons from Boeing Co, Airbus and other arms makers as the Gulf state accelerates its military build-up. The worldâs top liquefied natural gas (LNG) exporter announced deals with about 20 global companies, including firms from the …
Arab summit kicks off with calls to arm Syria rebels
The head of the Syrian National Coalition, Ahmed Jarba, repeated calls on the international community to supply rebels with âsophisticated weaponsâ.
Qatar calls for dialogue in Egypt
Relations between Egypt and the Gulf state have been strained over Dohaâs backing for Islamist president Mohamed Morsi, who was ousted by the army in July following nationwide protests.
Mansour arrives in Kuwait ahead of Arab League Summit
Egyptian Foreign Minister Nabil Fahmy does not anticipate a quick reconciliation with Qatar
Closure of Rafah border crossing âcrime against humanityâ: Hamas spokesman
Relations between Cairo and Hamas tense; Cairo court recently banned Hamas activities in Egypt
Egypt throws support behind Abbas
PA negotiations with Israel could combat polarisation and extremism, says the foreign ministry
Egypt Bourse climbs on talk of Sisi presidential bid; Qatar drops as IQ goes ex-div
Reuters – Egyptian shares rose on Tuesday after an unconfirmed media report suggested defence minister Abdel-Fattah Al-Sisi would soon launch his bid for the presidency, while Qatar took a hit as heavyweight Industries Qatar traded ex-dividend. Egyptâs Al Shorouk newspaper reported Sisi would officially announce his resignation from his current post on March 17; it …
Egypt allows Qatari aid to Gaza
Foreign minister confirms Egypt support for Palestinian cause, condemns âunilateralâ Israeli actions
EFG seeks more investment banking revenue from abroad
EFG, which has yet to report full-year 2013 earnings, has seen its annual profits slide sharply since 2011, when Mubarak was deposed.
Doha disconnect
What was behind Gulf states’ diplomatic isolation of Qatar?
Qatar may face higher costs of hiring foreign workers: IMF
Qatar, which has denied the Guardianâs findings, has seen an increasing influx of foreigners, now estimated at 1.8 million, with its population rising 10% in 2013.
No Palestinian reconciliation without Egypt sponsorship: Hamas
Fatah says Hamas âdoes not have the rightâ to decide if Egypt is to sponsor Palestinian reconciliation talks
Gulf airlines defend female cabin crew policies
The International Transport Workers’ Federation (ITF) is running a campaign against Qatar Airways over its monitoring of staff and rules preventing women from becoming pregnant and getting married.
Saudi lists ‘terror’ groups, orders Islamist fighters home
The move represents a major escalation against the Brotherhood of deposed Egyptian president Mohamed Morsi and indicates rising concern in Riyadh over the potential risks to domestic security of Saudi extremists fighting in Syria.
Trade union call for a freeze on kafala puts Qatar to the test
By James M. Dorsey Qatarâs response to a call by international trade unions to freeze its controversial sponsorship system for foreign workers injured in a gas leak and separate gas explosion is likely to indicate the Gulf stateâs willingness to reform or abolish a scheme that critics denounce as a form of modern slavery and …
Saudi, Bahrain, UAE recall envoys to Qatar
The three Gulf Arab states made the decision following what newspapers described as a âstormyâ late Tuesday meeting of foreign ministers from the six-nation Gulf Cooperation Council in Riyadh.
Dubaiâs DAMAC triples profit as property sales surge
Reuters – Dubai luxury real estate developer DAMAC tripled its 2013 net profit and plans more new projects this year, it said on Tuesday, dismissing growing concerns of a new property bubble in the emirateâs real estate market. Property prices in Dubai rebounded by more than 20% last year, having slumped more than 50% from …
Workersâ welfare in Qatar: Navigating a minefield
By James M. Dorsey Qatari organisers of the 2022 World Cup â in a bid to fend off criticism in the European parliament, convince world football body FIFA of progress made in improving conditions of foreign workers, and side line political demands by international trade unions â has issued the Gulf stateâs most detailed workers welfare …
Qatarâs CBQ studying further capital-boosting measures
CBQ will not complete any further acquisitions in the near future as it integrates the Turkish business into its organisation
Monte Paschi foundation in talks with Qatar on stake sale: report
The Qatar sovereign fund is in talks with the main shareholder of Banca Monte dei Paschi di Siena (BMPS.MI) to buy a 15-20% stake in the troubled Italian lender ahead of its much-awaited rights issue, daily Il Messaggero said on Saturday. Loss-making Monte dei Paschi, which received 4.1 billion euros ($5.58bn) of state aid last …
Investors cling to frontiers as emerging markets sink
Lebanon, Tunisia, Bulgaria, Lithuania, Qatar and Kuwait are among the worldâs lesser developed markets and are outperforming more mainstream emerging markets
Egypt summons Qatar diplomat to demand wanted Islamists
AFP– Egypt’s foreign ministry said it summoned Qatar’s charge d’affaires in Cairo on Tuesday to demand the handover of Islamist fugitives in exile in Doha. Relations between the countries deteriorated with the Egyptian military’s overthrow of Islamist president Mohamed Morsi and its subsequent crackdown on his Muslim Brotherhood movement, which Qatar backs. Egypt had summoned …
UAE says ‘no disputes’ with Qatar after envoy summons
Abu Dhabi summoned Doha’s envoy on Sunday to protest against “insults” to the UAE made by Egypt-born cleric Yusef al-Qaradawi, who is based in Qatar.
Egypt will return $3bn to Qatar this year
Reuters – Egypt will return $3 billion that were invested in bonds to Qatar when the debt matures by the end of the year, a central bank source told Reuters on Thursday. “We will return $500 million to Qatar in October and $2.5 billion in November (for) the bonds,” the source said. Three years of political instability have left the Egyptian …
Most Middle East markets gained on Tuesday
Saudi Telecom lifts index with strong Q4 earnings