Qatar's two largest gas producers let go of 500 employees

Friday, 24 November 2017

Qatari gas producers QatarGas and RasGas this week began implementing job cuts that had been postponed because of the diplomatic crisis between Qatar and its neighboring states, sources close to the matter told Reuters on Thursday. The layoffs had initially been slated for June after the Gulf state's decision to merge the two liquefied natural gas (LNG) divisions of Qatar Petroleum. Qatar Petroleum’s CEO has said that the merger of RasGas and Qatargas would help to cut operating costs by ...

MSCI may shift to offshore rates for Qatari riyal

Thursday, 23 November 2017

Dealing another blow to Qatar’s smug façade of business as usual, the equity index compiler MSCI said on Wednesday that sanctions against Doha had made it more difficult for investors to obtain riyals. MSCI also said on Wednesday that it might therefore shift to using offshore rates to value Qatar’s equities market. Since the riyal offshore often trades several percent weaker against the US dollar than onshore, the shift could lead to changes in the weighting of Qatari stocks ...

MSCI may use offshore FX rates for Qatar stocks as boycott hurt riyal access

Wednesday, 22 November 2017

International equity index compiler MSCI may shift to using offshore foreign exchange rates to value Qatar's equities market because sanctions against Doha have made it more difficult for foreign investors to obtain riyal onshore, MSCI said.If it goes ahead, the shift could lead to changes in the weighting of Qatari stocks in MSCI’s emerging market index, which is used as a benchmark by funds managing around $1.6 trillion of assets.Saudi Arabia, the United Arab Emirates, Bahrain and Egypt ...

Qatar’s history: A struggle for power among the Al Thani family

Saturday, 18 November 2017

An Al Arabiya documentary sheds light on Qatar's long standing history of power struggle among its ruling family. The documentary addresses how former Qatar’s Emir Sheikh Hamad bin Khalifa seized power through a coup and how this did not come as a surprise as most of those who ruled before him seized power via the same approach. Hamad’s ambition though went beyond Qatar and the Gulf and extended to the Arab world. To achieve his dream, he established new and contradictory alliances, ...

Sultan bin Suhaim: We are the founders of Qatar, we will cleanse it

Saturday, 18 November 2017

Sheikh Sultan bin Suhaim Al-Thani told tens of thousands of people gathered at the meeting of the tribes of Qahtan on the Saudi-Qatari border, that Doha must be purged and rescued before it is swallowed up by chaos and manipulated by corruptors. Bin Suhaim stressed the responsibility upon Saudi King Salman bin Abdul Aziz and Crown Prince Mohammed bin Salman to ensure Qatar doesn’t be a country that harbors terrorism or become a shelter for corruption. He added that his silence during the ...

Witness testimony: Top FIFA official was bribed $1 million to vote for Qatar

Wednesday, 15 November 2017

As the corruption probe at Fifa unfolded in New York, a key witness has testified on Tuesday that a top Fifa official was bribed $1 million to vote for Qatar, reported Guardian. The alleged official was Julio Grondona, a senior vice-president at Fifa and head of the Argentinian football association until he passed way in 2014, the witness Alejandro Burzaco, an Argentinian sports marketing executive, said in court. Burzaco quoted Grondona as allegedly telling him that he was still owed money ...

Iran drowns Qatari markets with rotten produce, exports partially suspended

Tuesday, 14 November 2017

Iran’s exports to Qatar have been partially suspended after Iranian merchants drowned Qatari markets with rotten products and goods and after fraud, embezzlement and theft increased. Reza Badiefard, the director of the Shiraz Airport, the center of Fars province, said on Sunday that exports were partially suspended because shipped products to Qatar, like fruits and vegetables, were not packaged right as vegetables stored in cartons had soil on them, IRNA reported. Badiefard added that ...

Bin Laden’s Machiavellian plan and his coordination with Iran and Qatar in Libya

Monday, 13 November 2017

Al Qaeda leader Osama bin Laden did not perceive the Arab uprisings of 2011 as a young democratic spring born on Facebook and Twitter; he rather saw it as an opportunity and a major breakthrough for extremists. In his recently published diary, Bin Laden asserts that the uprisings will not stop at its centers, but will expand to include the entire region and the fall of all its regimes. He asserts that he and Al Qaeda and its offshoots, especially the Libyan Islamic Fighting Group, must create ...

Al Arabiya documentary on Qatar: Inciting Iran to invade Bahrain

Monday, 13 November 2017

Al-Arabiya channel started a series of documentaries about Qatar on Sunday evening. The series, which will run until Wednesday, includes two films, the first film consists of three parts, under the title "History of Qatar: Struggles for power", while the second film is entitled "The nest of secret operations." One part of the documentary highlights that Qatar “incited Iran” to occupy Bahrain. ALSO READ: Al-Arabiya to air documentary on Qatar’s ...

Bahrain dissident who ‘spied’ for Qatar to stand trial

Sunday, 12 November 2017

Bahraini Shiite opposition leader Sheikh Ali Salman will face trial later this month for “spying” for Qatar, the state prosecution said on Sunday.Salman will be tried alongside two of his colleagues, Hassan Sultan and Ali Mehdi, from November 27 after they were charged earlier this month of espionage.“The prosecution has referred the case in which Ali Salman, Hassan Sultan and Ali Mahdi are accused of spying for the state of Qatar to the High Criminal Court,” the state ...

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