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Coronavirus live news: France death toll passes 2,000 while 90,000 cases confirmed in Italy

All non-essential workers in Spain ‘must stay at home’ and Trump considers New York quarantine. Follow the latest updatesCoronavirus latest: at a glanceDeaths in Italy pass 10,000Patients in UK intensive care have 50% survival rateSee all our coronavirus coverage 7.18pm GMT Italian PM is approving new legislation to make €4.7bn available to cities in Italy affected by coronavirus, Sky News have just announced.Meanwhile, the Italian economic minister says Europe will need a package like that ...
Tags: Hong Kong, Europe, Japan, UK, New York, Science, France, China, Qatar, Spain, UK News, World news, Australia news, US news, Asia Pacific, Infectious Diseases


London Ritz Sale Said to Fetch Less Than 800 Million Pounds - Bloomberg #Qatar

London Ritz Sale Said to Fetch Less Than 800 Million Pounds - Bloomberg:The sale of London’s Ritz Hotel by the U.K.’s billionaire Barclay twins fetched less than 800 million pounds ($997 million), according to a person familiar with the matter who asked not to be identified.Law firm Macfarlanes said in a statement that it advised one of its private Qatari investor clients on the acquisition of the hotel that opened in London’s Mayfair in 1906.“It is a privilege to become the owner of the iconic ...
Tags: Travel, London, Qatar, David, Mayfair, St James, Ritz, Frederick, Barclay, Ritz Hotel, Rupert Neil Bumfrey, Frederick Barclay, Macfarlanes, London Ritz Sale Said


Oil Shock Unmasks Fragile Mideast Trio With Bahrain Most Exposed - Bloomberg

Oil Shock Unmasks Fragile Mideast Trio With Bahrain Most Exposed - Bloomberg:The collapse in oil prices is exposing a divide between Arab energy producers, with Bahrain the most vulnerable to the shockwaves rippling through the market amid the coronavirus outbreak, according to Bloomberg Economics.Bahrain, Oman, Iraq, as well as Iran, are the weakest when measured by a set of five criteria ranging from international reserves and public debt to the price of oil needed to balance the current accou...
Tags: Travel, Qatar, Bloomberg, Iran, Middle East, Dubai, Bahrain, Kuwait, United Arab Emirates Saudi Arabia, Rupert Neil Bumfrey, Ziad Daoud Bloomberg, Bloomberg Economics Bahrain Oman Iraq


#Qatar Air CEO Warns There May be ‘Nothing Left to Consolidate’ - Bloomberg

Qatar Air CEO Warns There May be ‘Nothing Left to Consolidate’ - Bloomberg:Qatar Airways Chief Executive Officer Akbar Al Baker said many airlines will go bust as the coronavirus outbreak ravages demand for travel, limiting the scope for takeovers.While the Gulf carrier is open to acting on any investment opportunities that present themselves, the pandemic is likely to lead to the immediate collapse of some operators, Al Baker said Thursday on Bloomberg Television.“There will be nothing left for...
Tags: Travel, Qatar, Bloomberg, Gulf, Qatar Airways, Bloomberg Television, Akbar Al Baker, Rupert Neil Bumfrey, al Baker


#Qatar to shut money exchange and transfer services from March 26 -state news agency - Reuters

Qatar to shut money exchange and transfer services from March 26 -state news agency - Reuters:Qatar announced it will temporarily close all in-person money exchange and transfer services from March 26 to limit the spread of the coronavirus, its state news agency said on Wednesday. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Qatar, Reuters, Rupert Neil Bumfrey


MIDEAST STOCKS- #Saudi, #Qatar extend gains on U.S. stimulus, others retreat | Nasdaq

MIDEAST STOCKS-Saudi, Qatar extend gains on U.S. stimulus, others retreat | Nasdaq:Major stock markets in the Gulf were mixed on Thursday, with Saudi Arabia and Qatar extending gains on hopes that a $2 trillion U.S. emergency stimulus package will shore up economic activity across the globe.On Wednesday, the U.S. Senate unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the pandemic.Saudi Arabia's benchmark index .TASI rose 1.5%, with Al Rajhi Bank 1...
Tags: Travel, Saudi Arabia, Qatar, Mecca, Medina, Gulf, Riyadh, U S Senate, Tasi, Rupert Neil Bumfrey, Al Rajhi Bank, Al Moammar Information Systems


Zomato extends Gold membership duration by 2 months, announces fund for delivery persons

Zomato will extend all paid Gold memberships across India, UAE, Australia, Indonesia, Philippines, Lebanon, Turkey, New Zealand, Portugal and Qatar by two months at no extra cost, founder Deepinder Goyal announced. The company will also start a fund to cover up the lost earnings of its delivery partners, and is “hoping” for government’s support towards […] ...
Tags: Travel, News, Qatar, E-commerce, Zomato, Deepinder Goyal, Coronavirus, Ecommerce and COVID-19


Qatar woos buyers with spot LNG after Indian importers cancel cargoes

Qatar Petroleum has made a rare approach to several buyers in Asia and Europe offering liquefied natural gas (LNG) cargoes in the spot market, three sources familiar with the matter told Reuters.
Tags: Asia, Europe, Money, Qatar, businessNews


Qatar offers LNG cargoes after Indian buyers cancel cargoes - sources

Qatar Petroleum has approached several buyers in Asia and in Europe offering liquefied natural gas (LNG) cargoes in the spot market, three sources familiar with the matter told Reuters.
Tags: Asia, Europe, Money, Qatar, businessNews, Qatar Petroleum


Despite coronavirus, it's 'business as usual' for World Cup workers in Qatar

As the Gulf state outlaws ‘all forms of gatherings’, migrant workers continue to toil on construction sitesMigrant labourers building stadiums and infrastructure for the 2022 World Cup in Qatar are still being sent to work on crowded construction sites, despite a government order outlawing “all forms of gatherings” because of the coronavirus pandemic.With less than 1,000 days to go until the tournament kicks off, workers said it was “business as usual” as construction continued at a relentless p...
Tags: Employment, Qatar, World news, Middle East and North Africa, Infectious Diseases, Epidemics, Global development, World Cup 2022, Gulf, Coronavirus outbreak


Coronavirus: #Qatar Airways Still Operating a Third of Flights - Bloomberg

Coronavirus: Qatar Airways Still Operating a Third of Flights - Bloomberg:Qatar Airways said it’s continuing to operate a third of its normal schedule while bulking up on cargo flights as the Mideast carrier seeks to ride out the coronavirus outbreak.The second-biggest Gulf airline is still operating about 150 flights a day, serving European cities such as Frankfurt and Munich and more far-flung destinations in the U.S., Australia and parts of Asia, Thierry Antinori, its head of strategy, said W...
Tags: Travel, Asia, Europe, Australia, Qatar, Bloomberg, Frankfurt, Munich, Middle East, Emirates, Airbus, Gulf, Qatar Airways, Mideast, Boeing Co, Doha Qatar


Gulf dollar bonds rally as global markets rebound - Reuters

Gulf dollar bonds rally as global markets rebound - Reuters:Gulf bonds posted further gains on Wednesday as global markets rebounded on news of a $2 trillion U.S. fiscal stimulus package.Saudi Arabia’s 30-year dollar bonds due in 2049 were up 8.5 cents, while similar bonds by its oil giant Aramco gained 6 cents, Refinitiv data showed.Similar bonds by Qatar also rose 6.4 cents. Abu Dhabi 30-year bonds due in 2047 were up 6 cents, while similar Bahrain bonds gained 2.6 cents. Oman 30-year bonds du...
Tags: Travel, Saudi Arabia, Qatar, Oman, Abu Dhabi, Bahrain, Reuters, Aramco, Rupert Neil Bumfrey


Qatar Airways adds 10K seats while other airlines draw down their schedules

While most domestic and international airlines are cutting thousands of flights from their schedules due to the fallout of the COVID-19 pandemic, Qatar Airways is taking another route. The airline is actually stepping up some of its flying again, after also announcing some cuts in the last few days, by adding 10,000 extra seats back to its network. It’s doing so by adding extra flights to Paris, Perth and Dublin from its hub in Doha, and by using its A380 fleet for flights to Frankfurt, Lo...
Tags: TC, Transportation, Asia, Hong Kong, Europe, France, Germany, Singapore, Tech, Qatar, Frankfurt, United States, United Kingdom, Paris, Emirates, Aviation


Gulf bonds post gains on global market rally - Reuters

Gulf bonds post gains on global market rally - Reuters:Gulf government dollar bonds posted gains on Tuesday as global markets rallied as investors bet the U.S. Federal Reserve’s promise of unlimited dollar funding would ease strains on financial markets even if it could not stop the economic hit of the coronavirus epidemic.At 0940 GMT, Saudi 30-year dollar bonds due in 2049 were up 3 cents, Refinitiv data showed. Similar bonds by its oil giant Saudi Aramco were up 2.3 cents.Bonds by Abu Dhabi, s...
Tags: Travel, Qatar, Oman, Abu Dhabi, Reuters, Saudi Aramco, U S Federal Reserve, Rupert Neil Bumfrey


US envoy says Kabul, Taliban in first prisoner exchange talks

The Afghan government and the Taliban on Sunday held their first discussion on arranging prisoner exchanges, a key step in a broader push for peace, the US special envoy for Afghanistan said on Twitter. "Today, the US and Qatar facilitated the first Afghan government to Taliban technical talks on prisoner releases, via Skype video conferencing," Zalmay Khalilzad said. The agreement, signed by Khalilzad and a senior Taliban official on February 29 in Doha, established a framework for bringing t...
Tags: News, US, America, Qatar, Afghanistan, Taliban, Skype, Doha, Zalmay Khalilzad, Kabul Taliban, Khalilzad


#Qatar bans gatherings, deploy patrols to contain coronavirus - Reuters

Qatar bans gatherings, deploy patrols to contain coronavirus - Reuters:Qatar said it would deploy mobile patrols and set up checkpoints after enacting a ban on Saturday on all gatherings to contain the spread of the coronavirus.The Supreme Committee for Crisis Management said a hotline would be opened for people to report breaches of the ban, and that violators would be arrested.The Gulf state also closed its parks and public beaches, but said food outlets, pharmacies and delivery services would...
Tags: Travel, Qatar, Gulf, Reuters, Rupert Neil Bumfrey, Supreme Committee for Crisis Management


#Qatar eases exit restrictions on migrant employees in the oil and gas industry - Reuters

Qatar eases exit restrictions on migrant employees in the oil and gas industry - Reuters:Qatar has removed exit visa requirements for an additional segment of its foreign labour force, including some of those working in the oil and gas industry, according to official tweets posted on Friday.Qatar in 2018 eliminated exit visas for many foreign migrant workers. But the reform did not apply to domestic workers, government and public institution staff, the oil and gas sector, and workers employed at...
Tags: Travel, Qatar, Gulf, Reuters, Rupert Neil Bumfrey, Lolwah Alkhater


Qatar eases exit restrictions on migrant employees in the oil and gas industry

Qatar has removed exit visa requirements for an additional segment of its foreign labour force, including some of those working in the oil and gas industry, according to official tweets posted on Friday.
Tags: Money, Qatar, businessNews


Covid-19 lockdown turns Qatar's largest migrant camp into 'virtual prison'

Thousands of labourers trapped in squalid, over-crowded conditions as huge area of Doha Industrial Area sealed off by policeCoronavirus – latest updatesSee all our coronavirus coverageQatar’s largest labour camp for migrant workers has become a virtual prison and is in total lockdown after hundreds of construction workers became infected with Covid-19.Police are guarding the perimeter of a huge zone within the “Industrial Area”, leaving thousands of workers trapped in squalid, over-crowded camps...
Tags: Human Rights, Qatar, World news, Middle East and North Africa, Global development, World Cup 2022, Coronavirus outbreak, Doha Industrial Area


Qatari, U.A.E., Indian Lenders Face Exposure to Troubled Finablr - Bloomberg

Qatari, U.A.E., Indian Lenders Face Exposure to Troubled Finablr - Bloomberg:Banks from Qatar, the United Arab Emirates and India risk losing millions of dollars due to their exposure to Finablr Plc, the foreign-exchange operator that’s preparing for potential insolvency, according to people with knowledge of the matter.Qatar National Bank, Doha Bank, National Bank of Fujairah, Commercial Bank International and Bank of Baroda are still owed about $300 million by Finablr’s parent BRS Ventures, wh...
Tags: Travel, London, Saudi Arabia, India, Qatar, United Arab Emirates, Gulf, Shetty, Bank of Baroda, Rupert Neil Bumfrey, Bavaguthu Raghuram Shetty, Finablr, Finablr Plc, BRS Ventures, Travelex Holdings Ltd Shetty


Gulf’s sovereign funds are now gilt-edged airbags – Breakingviews

Gulf’s sovereign funds are now gilt-edged airbags – Breakingviews:The Middle East’s big sovereign wealth funds are set to become coronavirus airbags. The $700 billion Abu Dhabi Investment Authority, $300 billion Qatar Investment Authority and Saudi Arabia’s $300 billion Public Investment Fund control a big slug of global assets and have become a fixture in global dealmaking. But they’re attached to increasingly precarious economies.Emerging markets, including Saudi Arabia, are hearing a deafenin...
Tags: Travel, Saudi Arabia, Qatar, Middle East, Qatar Investment Authority, U S Treasuries, ADIA, Rupert Neil Bumfrey, Abu Dhabi Investment Authority, Institute of International Finance With, United Arab Emirates Bahrain Oman Kuwait


#UAE best-positioned in GCC to absorb oil shock | ZAWYA MENA Edition

UAE best-positioned in GCC to absorb oil shock | ZAWYA MENA Edition:The UAE is best-positioned among GCC economies to weather the decline in oil prices as it can finance its current account deficit longer than any of its regional peers, says a new report.According to Capital Economics, the UAE can finance its current account deficit for 35 years if oil prices stay at $25 a barrel. Kuwait comes second followed by Qatar, Saudi Arabia, Bahrain and Oman. "In the four largest Gulf economies - Saudi A...
Tags: Travel, Saudi Arabia, Qatar, GCC, Oman, Kuwait, Uae, Gulf, Capital Economics, Jason Tuvey, UAE Kuwait, Rupert Neil Bumfrey, Qatar Saudi Arabia Bahrain


European, Middle Eastern & African Stocks - Bloomberg Close #Qatar, #SaudiArabia, #UAE

European, Middle Eastern & African Stocks - Bloomberg:Updated stock indexes in Europe, Middle East & Africa. Get an overview of major indexes, current values and stock market data in Europe, UK, Germany, Russia & more. [Author: [email protected] (Rupert Neil Bumfrey)]
Tags: Travel, Qatar, Europe Middle East Africa, Rupert Neil Bumfrey, Europe UK Germany Russia


MIDEAST STOCKS-Most Gulf bourses extend losses; banks boost #Saudi - Reuters

MIDEAST STOCKS-Most Gulf bourses extend losses; banks boost Saudi - Reuters:25 of 30 Egyptian stocks declineNine of 11 banks rise in SaudiSaudi Aramco closes up, at 29.1 riyals Qatar extends gains on stimulus plan  Most Middle Eastern stocks slid to newmulti-year lows on Tuesday, as heightened fears of thecoronavirus pandemic weighed on sentiment, while Saudi took abreather after four sessions of losses.  The cases of coronavirus in the six-nation Gulf CooperationCouncil reached to 1,042, w...
Tags: Travel, Wam, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Bahrain, Emaar Properties, Etisalat, Rupert Neil Bumfrey, First Abu Dhabi Bank, Emirates NBD Bank, Saudi Reuters, SaudiSaudi Aramco, Gulf CooperationCouncil


MIDEAST STOCKS-Most Gulf stocks dive, #Qatar gains on stimulus measures - Reuters

MIDEAST STOCKS-Most Gulf stocks dive, Qatar gains on stimulus measures - Reuters: Aramco closes down at 27.8 riyals Yansab slips on ex-dividend Jarir Marketing falls after showrooms shutdown Stimulus plan boosts Qatari index Most major Gulf shares fell sharply on Monday asstimulus measures, including rate cuts, failed to calm investors worried aboutthe economic damage from the coronavirus that has infected nearly 1,000 peoplein the region.While Saudi Arabia and United Arab Emirates announced ...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Gulf, Reuters, U S Federal Reserve, Rupert Neil Bumfrey, Jarir Marketing, Al Rajhi Bankfalling


Fed’s Dash to Zero Lets Gulf Top Off Stimulus With Rate Cuts - Bloomberg

Fed’s Dash to Zero Lets Gulf Top Off Stimulus With Rate Cuts - Bloomberg:The central bank of the United Arab Emirates cut the rate on one-week certificates of deposit by 75 basis points. The Saudi Arabian Monetary Authority also lowered its repo rate by 75 basis points to 1%, and its reverse repo rate by the same amount to 0.5%. Kuwait reduced its discount rate by 100 basis points to an all-time low of 1.5%. Qatar’s central bank decreased its deposit and repurchase rates by half a percentage poi...
Tags: Travel, Saudi Arabia, Qatar, Bloomberg, United Arab Emirates, Oman, Bahrain, Kuwait, Gulf, Fed, Mohammed bin Zayed, Bahrain News Agency, Al Mansoori, Rupert Neil Bumfrey, Abu Dhabi Crown, Saudi Arabian Monetary Authority


UK: Three Barclays Executives Being Cleared Of Fraud Over Its Qatar Fundraising Was Another Major Defeat For The Serious Fraud Office. - Rahman Ravelli Solicitors

The acquittal of three former Barclays executives marks the end of the UK's first-ever trial of senior bank figures for actions that they took in the financial crisis.
Tags: UK, News, Qatar, Barclays, Serious Fraud Office Rahman Ravelli Solicitors, Three Barclays Executives


Qatar World Cup: report reveals 34 stadium worker deaths in six years

Latest figures show nine stadium worker deaths in 2019 alone, as human rights organisations criticise delay in implementing labour reformNine migrant labourers working on the stadiums for the 2022 World Cup in Qatar died in 2019, the “supreme committee” organising the event has announced, bringing the number of deaths on World Cup projects to 34, since construction began six years ago.31 of the deaths, including the nine who died last year, are classified as “non-work related”, a term the suprem...
Tags: Employment, Qatar, World news, Middle East and North Africa, Global development


Saudi Arabia restricts movement, other Gulf states limit entry as coronavirus spreads

RIYADH/DUBAI (Reuters) - Saudi Arabia closed malls, restaurants, cafes and public parks on Sunday while Qatar and Oman imposed entry restrictions as Gulf Arab states broadened efforts to contain the spread of coronavirus and support their economies. Saudi Arabia, the United Arab Emirates, Oman and Qatar reported new cases, raising the total number in the six-member Gulf Cooperation Council (GCC) to 963, with no deaths reported.
Tags: News, Saudi Arabia, Qatar, Oman, Gulf, Reuters Saudi Arabia, United Arab Emirates Oman, Gulf Cooperation Council GCC, Gulf Arab, Riyadh Dubai