‘Global News’ Archives
Qatar shares snap 8-day rally on weak local buying support
The Qatar Exchange yesterday snapped an eight-day bull run mainly on weak buying support from domestic institutions. Local retail investors were seen considerably reducing their exposure as the 20-stock QE Index (which is based on price data only) fell 0.16% to 8,852.87 points. The new Total Return Index and All Share Index (both of which [...]
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Al Jazeera sees sporting chance of global media brand
(Reuters) - Al Jazeera, best known for its Middle Eastern news coverage, is taking aim at Europe's pay-TV market, using sport to build a global media brand, just as owner Qatar is raising its profile by hosting the 2022 World Cup. The broadcaster is racing to launch a new French channel in early June in time for the European soccer [...]
Afghan foreign minister heads to Qatar
KABUL — Afghanistan's foreign minister is to visit Qatar, where the Taliban are due to open an office ahead of possible peace talks, a spokesman for the ministry in Kabul said Monday. Zalmai Rassoul will meet Qatari officials "to discuss reconciliation and talks with the Taliban", the spokesman said. The militants have been fighting an [...]
India rejects Qatar price for LNG
NEW DELHI: India has rejected the price that Qatar is seeking for supplying additional 5 million tons a year of liquefied natural gas, saying that domestic consumers cannot afford the rate the world's largest LNG exporter is asking for. Qatar wants at least 14.5 per cent of the prevailing Brent crude oil price for supply of 5 million tons of [...]
Iraq calls on Qatar to hand over fugitive vice president
BAGHDAD — Iraq’s deputy prime minister called on Qatar Monday to hand over Iraq’s fugitive Sunni vice president to face terror charges, a move likely to further strain ties between Shiite-led Iraq and Gulf Arab states. Hussain al-Shahristani said at a news conference in Baghdad that Qatar’s decision to host Tariq al-Hashemi, the top [...]
Team Qatar aim for revenge over Abu Dhabi
Sharjah: Team Qatar's Khalid Saleh Al Shamlan and Khalid Abdullah Al Kuwari have been making their final preparations for the F1 H20 Nations Cup race at Khor Fakkan, which starts today. The brainchild of H20 Racing, the promoters of the UIM F1 H20 World Championship, the Nations Cup was born last November with a successful first race in [...]
QE treads flat trajectory; UAE down
The Qatar Exchange yesterday treaded a flat trajectory as buying interest in insurance and services was contained by profit-booking at the banks and industrials counters. The 20-stock benchmark settled mere 0.01% higher at 8,790.73 points although there was strong buying support from local and non-Qatari retail investors. The market is up 0.13% [...]
Chinese firm surpasses Exxon in oil production
NEW YORK A big shift is happening in Big Oil: an American giant now ranks behind a Chinese upstart. Exxon Mobil is no longer the world's biggest publicly traded producer of oil. For the first time, that distinction belongs to a 13-year-old Chinese company called PetroChina. The Beijing company was created by the Chinese government to secure [...]
Qatar-linked Cargolux posts net loss in 2011
European cargo carrier, which is 35 percent owned by Qatar Airways, has reported a net loss of $18.3m in 2011. The Luxembourg-based carrier said its performance compared to a $59.8m profit the previous year and blamed oil prices, higher leasing costs and excess capacity in the global air cargo market In a statement, it said revenue rose 8.4 [...]
