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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

AP News Guide: What to know about the Qatar crisis

2017-10-21
DUBAI, United Arab Emirates – The U.S. military says it has halted some military exercises with Gulf countries over the ongoing diplomatic crisis targeting Qatar. Here's a look at the ongoing dispute, the worst to grip the region since Iraq's 1990 ...

Qatar Makes Sudden Accounting Change Ahead of Bond Sale

2017-10-21
An abrupt accounting change that nearly doubled Qatar’s hard currency assets this month is drawing investor scrutiny as the nation prepares for a major bond sale. Qatar’s central bank said it made the shift based on 2016 technical guidance from the ...

Rex Tillerson returns to Saudi Arabia as Qatar row simmers

2017-10-21
RIYADH (AFP) - US Secretary of State Rex Tillerson arrived in Saudi Arabia on Saturday (Oct 21), his second visit to the region in recent months as he seeks a breakthrough in a diplomatic crisis gripping the Gulf. Saudi Arabia, Bahrain, the United Arab ...

US military halts exercises over Qatar-Gulf crisis

2017-10-21
The US military has halted some exercises with its Gulf Arab allies over the ongoing diplomatic crisis targeting Qatar, trying to use its influence to end the months-long dispute, authorities told The Associated Press. While offering few details, the ...

Qatar’s non-oil exports in first 9 months of 2017 stand at QR13.3bn

2017-10-21
Sheikh Khalifa and al-Sharqi: ‘Significant efforts made at all levels’ enabled Qatar to overcome the repercussions of siege. Qatar’s total non-oil exports for the first nine months of 2017 stood at QR13.3bn, according to figures from a Qatar Chamber ...

Moderate ‘uptick in Qatar inflation’ likely on rising hydrocarbon prices

2017-10-21
Rising hydrocarbon prices and fiscal consolidation measures will cause a “moderate uptick” in inflation in Qatar over the years ahead, BMI Research has said in a new report. Overall, BMI Research forecasts inflation in Qatar to average 3% in 2018 and 3 ...

Qatar airlifts and treats 271 Somali blast victims

2017-10-20
The airlift that Qatar recently set to evacuate the victims of the terrorist attack on the Somali capital Mogadishu, is continuing its duties, upon the directives of Emir H H Sheikh Tamim bin Hamad Al Thani. The number of wounded who have been transferred ...

Qatar FM al-Thani to visit Turkey

2017-10-20
Qatar's Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman bin Jassim al-Thani will visit Turkey on Oct. 23 in preparation of the Third Meeting of Turkey-Qatar Supreme Strategic Committee. During the visit, bilateral relations as well as regional ...

Leaked document shows Qatar Charity’s affiliation to gov't

2017-10-21
CAIRO – 21 October 2017: A leaked document from Qatar Charity revealed a suspicious relation between the Qatari NGO and the Ministry of Defense, amid Arab and regional accusations against the ruling regime of supporting terrorist groups. A talk show ...

Qatar- Milaha to benefit from global shipping industry earnings

2017-10-20
Doha: Owing to the opening of Hamad Port and launch of new shipping lines after imposition of blockade, Qatar's maritime and logistics company, Milaha, is set to benefit from higher earnings of global shipping industry. 'Milaha stands to benefit in the ...

Land of milk and money: Qatar looks to farms to beat the Gulf boycott

2017-10-19
John Dore is off to Doha’s vast and luxurious Hamad International airport to greet the 8pm flight from Los Angeles via Liège, Belgium. Wearing a straw hat with a small metal shamrock badge in homage to his Irish roots, his imminent visitors are neither ...

Tillerson Faults Saudi-Led Bloc for Failing to End Qatar Crisis

2017-10-19
Secretary of State Rex Tillerson has little hope that a Saudi Arabia-led bloc’s standoff with Qatar will end anytime soon, blaming the four countries lined up against the emirate for a lack of progress and casting doubts on U.S. efforts to mediate the ...

Qatar Makes Sudden Accounting Change Ahead of Bond Sale

2017-10-21
An abrupt accounting change that nearly doubled Qatar’s hard currency assets this month is drawing investor scrutiny as the nation prepares for a major bond sale. Qatar’s central bank said it made the shift based on 2016 technical guidance from the ...

Tillerson to visit Saudi Arabia, Qatar, Pakistan, India, Switzerland

2017-10-19
WASHINGTON (Reuters) - U.S. Secretary of State Rex Tillerson will visit Saudi Arabia, Qatar, Pakistan, India and Switzerland in a week-long trip starting on Friday, the State Department said in a statement released on Thursday. In the Middle East ...

Rex Tillerson returns to Saudi Arabia as Qatar row simmers

2017-10-21
RIYADH (AFP) - US Secretary of State Rex Tillerson arrived in Saudi Arabia on Saturday (Oct 21), his second visit to the region in recent months as he seeks a breakthrough in a diplomatic crisis gripping the Gulf. Saudi Arabia, Bahrain, the United Arab ...

Shell launches Qatar skill development programme

2017-10-21
Leading energy group Shell said it has joined hands with College of North Atlantic Qatar (CNA-Q) to launch its Maharat Qatar programme aimed at developing youth skills. As part of this sponsorship, the Qatar National Robot Olympiad (NRO) 2017 took place at ...

Risks of Ejecting the Taliban’s Office from Qatar

2017-10-20
In 2013, with support from the American, Afghan, and Qatari governments, the Taliban opened an office in Doha. The office was to serve as a platform to engage the Taliban’s representatives in talks to bring peace to war-torn Afghanistan. Yet over the ...

ASEAN Countries Account For 50% Of Qatar’s Market

2017-10-20
Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al-Thani said that 90% of Qatar’s exports head to Asia, stressing the importance of the Asian market to the State of Qatar. In an interview with the American TV Channel “CNBC”, the Foreign ...

Turkey’s Wealth Fund Eyes Loans from China and Qatar

2017-10-21
After quelling internal disputes, Turkey’s Wealth Fund is taking a second stab at catalyzing the Turkish economy. [Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content.]

Qatar Diplomatic Crisis Delays Sale of Gulf Shipping Firm, Sources Say

2017-10-20
Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed diplomatic, trade and transport ties with Qatar in June, accusing it of supporting terrorism – a charge Doha denies. The dispute has hit Qatar’s financial sector, with banks in ...