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* Aura Hospitality & Food Services opens Remman Café in the heart of West Bay to deliver authentic Lebanese food 24/7 *


     The global market is far more competitive these days, and 2014 saw a dramatic decline in oil prices, which continued into 2015. In March 2015 Brent Crude was retailing at $57 per barrel. Behind this is a global oversupply – Bloomberg reported that the UAE and Qatar estimated this to be in the region of 2m barrels per day (bpd) in mid-January 2015. This is primarily the result of surging US output, which was at a three-decade high. However, this output seems likely to taper off, as falling prices make some of the fracking on which US production is based no longer economically feasible. Furthermore, in 2014 Washington decided to allow exports of condensates for the first time – oil exports having been banned since the 1970s oil crisis. Thus, the global condensates market is also seeing a major supply surge, with press reports suggesting that the US could add up to 1m bpd of these light oils to the export market during the next 10 years. This is particularly relevant to Qatar, as condensates have come to represent a larger proportion of the state’s output than crude.

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Latest News

The Resolutions of the Ordinary General Assembly of the Shareholders

       H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of Doha Bank, announced that the Ordinary General Assembly of the Shareholders in its meeting held on 10/5/2016 has unanimously agreed for Doha Bank to:

     1. Issue Certificate of Deposits (CD) program whose main components would be as follows:

   ü The Bank will issue Certificate of Deposits (CD) either through an SPV guaranteed by the Bank or directly by the Bank as part of its     product suite.
   ü The program size would be up to USD 3.0 Billion.
   ü The total minimum amount per certificate will be USD 1.0 Million or equivalent and maximum USD 1.0 Billion or equivalent.
_______________

 






Qatar Doha News News

Qatar to merge LNG producers Qatargas, RasGas

2016-12-10
Qatar will merge state-owned liquefied natural gas producers Qatargas and RasGas Co Ltd, the chief executive of Qatar Petroleum (QP) said on Sunday. The more-than-two-year slump in oil prices has forced Gulf countries to reduce state spending and consider ...

UPDATE 1-Qatar to merge LNG producers Qatargas and RasGas

2016-12-10
* Some job cuts when merger completed; not in operations (Adds detail, context) By Tom Finn DOHA, Dec 11 Qatar will merge state-owned liquefied natural gas producers Qatargas and RasGas Co Ltd, the chief executive of Qatar Petroleum (QP) said on Sunday, in ...

Qatar Investment Authority to Invest $2.6 Billion in Rosneft Deal

2016-12-10
LONDON—Glencore PLC and Qatar finalized a deal Saturday to take a one-fifth stake in the state-owned Russian oil giant Rosneft for €10.2 billion (about $10.8 billion), sealing a deal that will bring much needed cash to Russia during an economic crunch.

Glencore, Qatar Commit $3 Billion in Equity to Rosneft Stake

2016-12-10
Rosneft leaves door open for more deals with the two investors Glencore Plc and Qatar’s sovereign wealth fund are using 2.8 billion euros ($3 billion) in equity and $7.8 billion in financing from a bank consortium led by Italian lender Intesa Sanpaolo ...

Oil slump prompts Gulf states to take shine off cushy government jobs

2016-12-10
“Punctuality is a duty,” said a letter Ahmed received from the minister’s office. “Qatar expects the best of its citizens.” For a country whose tiny population is the world’s wealthiest per capita and which sits upon its largest natural gas ...

Qatar, Glencore to buy 19.5 percent stake in Russia state oil major Rosneft

2016-12-10
Russian state holding company Rosneftegaz on Saturday signed a deal with the Qatar Investment Authority (QIA) and commodities trader Glencore to sell a 19.5 percent stake in state-owned oil major Rosneft, Rosneft said. The privatisation deal, which Rosneft ...

Trade Unions Challenge FIFA and Qatar World Cup in Swiss Court

2016-12-10
Two Bangladeshi and a Dutch trade union have sued FIFA in a Swiss court in legal proceedings that challenge the world soccer body’s awarding to Qatar of the 2022 World Cup because of the Gulf state’s controversial labor regime. The case could call into ...

Qatar- QU hosts meeting of Middle East cancer research association

2016-12-10
(MENAFN - Gulf Times) Qatar University (QU) hosted the 6th annual meeting of The Middle Eastern Association For Cancer Research (MEACR) from December 3-5. The 3-day conference was organised by MEACR in collaboration with QU-Health (Colleges of Medicine ...

Qatar- Darb El Saai events encourage organ donation

2016-12-10
(MENAFN - The Peninsula) The enclosure of the Ministry of Public Health attracted thousands of visitors yesterday offering them not only quality information on healthy lifestyle but also various free medical tests and vaccinations while some visitors also ...

Only 10% of illegal OFWs in Qatar availed of amnesty – DFA

2016-12-10
While the Department of Foreign Affairs (DFA) said it has been doing everything to aid undocumented Filipino workers in Qatar, it admitted it could not act on the cases of those who have not availed of the amnesty program. The DFA learned that only 240 of ...

Glencore, Qatar Commit $3 Billion in Equity to Rosneft Stake

2016-12-10
Rosneft leaves door open for more deals with the two investors Glencore Plc and Qatar’s sovereign wealth fund are using 2.8 billion euros ($3 billion) in equity and $7.8 billion in financing from a bank consortium led by Italian lender Intesa Sanpaolo ...

Qatar, Glencore to buy 19.5 percent stake in Russia state oil major Rosneft

2016-12-10
Russian state holding company Rosneftegaz on Saturday signed a deal with the Qatar Investment Authority (QIA) and commodities trader Glencore to sell a 19.5 percent stake in state-owned oil major Rosneft, Rosneft said. The privatisation deal, which Rosneft ...

Qatar to merge LNG producers Qatargas, RasGas

2016-12-10
Qatar will merge state-owned liquefied natural gas producers Qatargas and RasGas Co Ltd, the chief executive of Qatar Petroleum (QP) said on Sunday. The more-than-two-year slump in oil prices has forced Gulf countries to reduce state spending and consider ...

FIFA facing legal action over Qatar's migrant workers

2016-12-08
(CNN)World football governing body FIFA is facing legal action in Switzerland over allegations it has been jointly responsible for the mistreatment of migrant workers who are working on projects for the 2022 World Cup in Qatar. Paperwork was filed by the ...

Qatar Investment Authority to Invest $2.6 Billion in Rosneft Deal

2016-12-10
LONDON—Glencore PLC and Qatar finalized a deal Saturday to take a one-fifth stake in the state-owned Russian oil giant Rosneft for €10.2 billion (about $10.8 billion), sealing a deal that will bring much needed cash to Russia during an economic crunch.

Russia signs Rosneft deal with Qatar, Glencore

2016-12-09
MOSCOW Russian state holding company Rosneftegaz on Saturday signed a deal with the Qatar Investment Authority (QIA) and commodities trader Glencore (GLEN.L) to sell a 19.5 percent stake in state-owned oil major Rosneft (ROSN.MM), Rosneft said. The ...

Trade Unions Challenge FIFA and Qatar World Cup in Swiss Court

2016-12-10
Two Bangladeshi and a Dutch trade union have sued FIFA in a Swiss court in legal proceedings that challenge the world soccer body’s awarding to Qatar of the 2022 World Cup because of the Gulf state’s controversial labor regime. The case could call into ...

Qatar- QU hosts meeting of Middle East cancer research association

2016-12-10
(MENAFN - Gulf Times) Qatar University (QU) hosted the 6th annual meeting of The Middle Eastern Association For Cancer Research (MEACR) from December 3-5. The 3-day conference was organised by MEACR in collaboration with QU-Health (Colleges of Medicine ...

Only 10% of illegal OFWs in Qatar availed of amnesty – DFA

2016-12-10
While the Department of Foreign Affairs (DFA) said it has been doing everything to aid undocumented Filipino workers in Qatar, it admitted it could not act on the cases of those who have not availed of the amnesty program. The DFA learned that only 240 of ...

Qatar and Glencore buy US$11.3bn stake in Russian oil

2016-12-10
Qatar's sovereign wealth fund - the Qatar Investment Authority (QIA) - and commodities trader Glencore are jointly buying a 19.5 per cent stake in Rosneft, Russia's largest oil company With the consortium paying $11.3bn for the stake in Rosneft, this is ...