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As Telefonica's rivals slashed prices to attract internet users, the Spanish company also borrowed to invest in new mobile and internet networks. But the secrecy with which STC (7010.SE) built its stake did catch some observers off guard, the person said. Telefonica said it was informed Tuesday about STC'S investment, after the companies had become more acquainted in recent months. STC sought to keep the stake under wraps until it could buy at least 9.9% of Telefonica, the person said. Middle Eastern investors have been taking stakes in Spanish companies for some time.

Persons: Violeta Santos Moura, Jose Maria Alvarez, Pallete, Alvarez, Prince Mohammed bin Salman's, UGT, Morgan Stanley, Linklaters, Motaz Al Angari, Al Angari, pare, EFG Hermes, Nadia Calvino, Inti Landauro, Tomas Cobos, Amy, Jo Crowley, Pablo Mayo, John O'Donnell, Anousha, Elisa Martinuzzi, David Gregorio, Ros Russell Organizations: Spanish Telecom, REUTERS, Rights, Telefonica, STC Group, STC, Saudi Arabia's Public Investment Fund, Foresight, Saudi, United Arab, Vodafone, Thomson Locations: Madrid, Spain, Rights DUBAI, MADRID, Silicon Valley, Saudi, Riyadh, Telefonica, Saudi Arabia, Spanish, Latin America, theocracies, United Arab Emirates, Iberdrola, Davos, Gulf, London

He learned Saudi Arabia's largest telecoms operator, STC Group, aimed to be Telefonica's biggest shareholder, with an interest of 9.9%. The move is a vote of confidence in Telefonica, burdened by billions of dollars in debt while STC gains expertise to modernize Saudi telecoms infrastructure. As Telefonica's rivals slashed prices to attract internet users, the Spanish company also borrowed to invest in new mobile and internet networks. STC sought to keep the stake under wraps until it could buy at least 9.9% of Telefonica, the person said. Middle Eastern investors have been taking stakes in Spanish companies for some time.

Persons: Violeta Santos Moura, Jose Maria Alvarez, Pallete, Alvarez, Prince Mohammed bin Salman's, UGT, Morgan Stanley, Linklaters, Motaz Al Angari, Al Angari, pare, EFG Hermes, Inti Landauro, Tomas Cobos, Amy, Jo Crowley, Pablo Mayo, John O'Donnell, Anousha, Elisa Martinuzzi, David Gregorio Our Organizations: Spanish Telecom, REUTERS, Rights, Telefonica, STC Group, STC, Saudi Arabia's Public Investment Fund, Foresight, Saudi, United Arab, Vodafone, Thomson Locations: Madrid, Spain, Rights DUBAI, MADRID, Silicon Valley, Saudi, Riyadh, Telefonica, Saudi Arabia, Spanish, Latin America, theocracies, United Arab Emirates, Iberdrola, Davos, Gulf, London

☆ Australia says Qatar strip-searches of women in 2020 a factor in blocking extra flights
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

A view shows the Qatar Airways' airbus A350 parked outside Qatar Airways maintenance hangar in Doha, Qatar, June 20, 2022. REUTERS/Imad Creidi/File Photo Acquire Licensing RightsSYDNEY, Sept 7 (Reuters) - Australia said a strip-search of women at Qatar's main airport in 2020 played a part in its decision this year to stop Qatar Airways from selling more flights to Australia, denying it was acting due to pressure from rival Qantas Airways. The claim brings a new element to a controversy surrounding the Australian Labor government's relationship with Qantas (QAN.AX) which had lobbied against a Qatar Airways request to increase its flights. It was "nonsense" to suggest that adding more Qatar Airways flights would have put downward pressure on international fares, King added. Antitrust regulator the Australian Competition and Consumer Commission (ACCC) has said more Qatar Airways flights would have lowered fares.

Persons: Imad Creidi, Catherine King, King, Alan Joyce, Vanessa Hudson, Byron Kaye, Kirsty Needham, Michael Perry Organizations: Qatar Airways, airbus, REUTERS, Rights, Qantas Airways, Australian Labor, Qantas, Australian, Hamad International Airport, Antitrust, Australian Competition, Consumer Commission, ACCC, Thomson Locations: Doha, Qatar, Australia, Qatar's, Canberra

☆ Mohamed al-Fayed, ex-Harrods owner whose son died with Princess Diana, dead at 94
▼ + stars: | 2023-09-01 | by ( Andrew Macaskill | ) www.reuters.com time to read: +6 min

Born in the Egyptian city of Alexandria, al-Fayed began his career selling fizzy drinks and then worked as a sewing-machine salesman. Al-Fayed died on Wednesday, his family said, a day before the 26th anniversary of Dodi and Diana's death. After a quarter of century of ownership, al-Fayed sold Harrods to Qatar's sovereign wealth fund in 2010. DIANA AND DODIThat summer, al-Fayed's son Dodi began a relationship with Princess Diana, who had divorced Prince Charles, the heir to the British throne. Dodi and Diana were pictured by British tabloids on holiday on a yacht in the south of France.

Persons: Diana's, Mohamed al, Fayed, Princess Diana, –, Diana, Dodi, Prince Philip, Mohamed Al Fayed, Mohamed, sequined, Michael Jackson, Eye, Roland, Tiny, Rowland, al, sleaze, Tony Blair, DIANA, Prince Charles, Mercedes, Blair, Sarah, I'm, Andrew MacAskill, Nilutpal, Giles Elgood, Rosalba O'Brien, Andrew Heavens Organizations: Fulham FC, Ritz, Harrods, Fulham, HARRODS, Department of Trade, Conservatives, Labour, Paris, Thomson Locations: Paris LONDON, Harrods, Egyptian, Alexandria, al, Europe, Fulham, Paris, Britain, France, British, Egypt, Al, Pont, London, Bengaluru

☆ Media and entertainment companies are finding more investment from the Middle East, but it can come with controversy. Here are 11 of the most notable deals.
▼ + stars: | 2023-08-22 | by ( Lucia Moses | ) www.businessinsider.com time to read: +7 min

Insider broke down 11 top media companies with Middle Eastern backing or partnerships. Middle Eastern investment has poured into US media and entertainment, and US media companies have been eager recipients. Here's a rundown of 11 key Western media and entertainment companies, listed alphabetically, that have licensing and investment partnerships with Middle Eastern entities. Jimmy Finkelstein's news startup The Messenger has Middle Eastern funding via its acquisition of IMI-backed startup Grid, which is now shuttered. The North Road, Peter Chernin and Providence Equity's production roll-up, took a $150 million investment in January from the Qatar Investment Authority, Qatar's main investment vehicle, to support its expansion.

Persons: Peter Chernin, Jeff Zucker, Uber, Jamal Khashoggi's, Saudi Crown Prince Mohammed bin Salman, —, hasn't, Mohammed bin Salman, SRMG, Abu, Abu Dhabi's, Jimmy Finkelstein's, BeIn, Stone, Ian Orefice, WBD Organizations: Providence, North, IMI, ex, CNN, Public Investment Fund, Blackstone, Washington Post, Saudi Crown, Saudi, Guardian, Media, Bloomberg Media, Saudi Research, Media Group, Media Investments, CNN Business, Abu Dhabi Media Investment Corporation, Sky News Arabia, Business, Independent, SRMG, Miramax, BeIn, Paramount, Qatar Investment Authority, Penske Media Corporation, Billboard, Variety, Penske, Vox Media, New York, Billboard Arabia, RedBird Capital, Mideast, MBC Group, MBC, Fortress Investment Group, Investment, Warner Bros Locations: Saudi Arabia, Qatar, UAE, West, Saudi, Abu Dhabi, ViacomCBS, SRMG

☆ Asia's refiners face profit crunch as Kuwait cuts crude exports
▼ + stars: | 2023-08-18 | by ( Muyu Xu | ) www.reuters.com time to read: +5 min

Lower Kuwaiti exports follow cuts from OPEC kingpin Saudi Arabia that have pushed Brent prices close to $90 a barrel and left little wriggle room for Asia's refiners, reliant on the Middle East for more than two-thirds of crude imports. Chinese refiners, which have invested heavily in new plants designed to process sour oil, are especially exposed. Discounted oil from Russia has eased some of the pain, replacing some Kuwaiti supply, largely to China and India. Additionally, Kuwait's joint venture 230,000 bpd Duqm refinery in Oman is scheduled to start operation by end-2023, which could reduce Kuwaiti crude exports by a further 100,000 bpd to 200,000 bpd in 2024, the consultancies said. Formosa could replace Kuwaiti supply with grades such as Iraq's Basra Medium, Qatar's al-Shaheen and Oman crude, Lin said, adding it can also process U.S. light sweet crude.

Persons: Brent, Asia's, Janiv Shah, Sun Jianan, Al Zour, consultancies, KPC, Lin, al, James Forbes, Muyu Xu, Florence Tan, Sonali Paul Organizations: Kuwait Oil Tanker, Oil, Companies, Lower, Saudi, United Arab, Rystad Energy, P, Kuwait Petroleum Corp, Shenghong, Taiwan Formosa Petrochemical Corp, FGE, Dubai, Brent, Thomson Locations: Kuwait, Pier, Companies Kuwait, SINGAPORE, OPEC, Lower Kuwaiti, Saudi Arabia, Russia, China, India, Iraq, United Arab Emirates, UAE, Taiwan, Pakistan, Philippines, Thailand, Oman, PetroChina's, Guangdong, Japan, South Korea, Vietnam, Formosa, Basra, Shaheen, Brent, Dubai

☆ PSG's Senegal defender Diallo joins Qatar's Al-Arabi
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +1 min

Aug 15 (Reuters) - Paris St Germain's Senegal defender Abdou Diallo has joined Qatari side Al-Arabi, the Ligue 1 club said on Tuesday. The terms of the deal were not disclosed but French media reported that the 27-year-old has signed a four-year deal after Al-Arabi paid a 15 million euros ($16.35 million) transfer fee. Diallo came through the youth ranks at AS Monaco and made his debut in 2014 before winning Ligue 1 in 2017. Diallo, France's former under-21 captain, has 23 caps for Senegal and helped them win the 2021 African Cup of Nations as well as featuring at last year's World Cup. ($1 = 0.9173 euros)Reporting by Janina Nuno Rios in Mexico City; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Abdou Diallo, Arabi, Diallo, Janina Nuno Rios, Ken Ferris Organizations: Paris St, Qatari, Al, Ligue, AS Monaco, Qatar Stars League, PSG, Borussia Dortmund, Bundesliga, Mainz, RB Leipzig, of Nations, Thomson Locations: Paris, Paris St Germain's Senegal, France's, Senegal, Mexico City

Siamak Namazi, left, a U.S. citizen who has been held prisoner in Iran for nearly eight years, with his father, Baquer Namazi. The U.S. government has identified three American citizens held in Iran — Siamak Namazi, Emad Shargi and Morad Tahbaz. NBC News first reported on the prisoner exchange negotiations in February. The families of the Americans held in Iran say their loved ones are "hostages" taken captive on false charges and used as bargaining chips by the government. And Siamak Namazi has been held prisoner in Iran for nearly eight years, longer than any of the other current American detainees.

Persons: Siamak Namazi, Baquer Namazi, Barack Obama, Emad, Shahab Dalili, Jared Genser, Namazi, Joe Biden, Obama, Biden, Donald Trump, Tahbaz, Shargi, Baquer, Robert Levinson, Levinson, Bob Levinson Organizations: NBC, Administration, NBC News, International Atomic Energy Agency, U.S, Congress, British, Tufts, Rutgers, FBI, CIA Locations: U.S, Iran, Tehran, Washington, Qatar, South Korea, United States, Israel, Iranian American, Iranian, Iran's

☆ Rudy Giuliani's consultancy has racked up $57,000 in unpaid phone bills after it 'failed and refused to pay' its telco for 9 months
▼ + stars: | 2023-08-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Rudy Giuliani's consultancy owes nearly $60,000 over unpaid phone bills from 2020. Giuliani Partners owes a further $30,396 from an early termination fee. The Sunday judgment calculated interest at $12,831, and additional costs and disbursements at $873, bringing Giuliani Partners' total debt to almost $60,000. A subsidiary of the firm, Giuliani Security & Services, describes him as the current chairman and CEO of Giuliani Partners. Court records show Giuliani Partners has not filed any response to Momentum Telecom's debt filings or Adams' affirmation.

Persons: Rudy, Rudy Giuliani, —, Suzanne J, Adams, Giuliani, Al Qaeda, Donald Trump's Organizations: Service, New, New York City, Giuliani Partners, New York, Momentum Telecom, Street Journal, Al, Republican, Giuliani Security & Services, PAC, CNN Locations: Wall, Silicon, New York, Georgia, Qatar

☆ Manchester United sign $1.1 bln Adidas kit deal for 10 years
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

[1/2] Manchester United's Mason Mount in a preseason friendly, Manchester United v Olympique Lyonnais, in Murrayfield Stadium, Edinburgh, Scotland, July 19, 2023 Action Images via Reuters/Lee SmithJuly 31 (Reuters) - Manchester United (MANU.N) signed a 900 million pound ($1.1 billion) deal with Adidas (ADSGn.DE) on Monday, renewing the English soccer club's partnership with its official kit supplier for 10 more years. Manchester United, whose U.S. owners have been considering selling the Premier League club, will return to the lucrative UEFA Champions League this year after securing a top-four finish in the domestic league last season under manager Erik ten Hag. "The new deal increases the focus on the Manchester United women's team since their reintroduction in 2018," United said in a joint press release with Adidas. The new deal with Adidas, ahead of the 2023/24 Premier League season starting next month, will continue the partnership until June 2035, the northwest England-based club said. The original agreement with Adidas links a part of the yearly payments to the club's participation in the Champions League, according to the company's latest annual report.

Persons: Manchester United's Mason, Lee Smith, Erik ten Hag, Glazer, Qatar's Sheikh Jassim bin Hamad, Jim Ratcliffe, Bjorn Gulden, Yadarisa, Nivedita Bhattacharjee, Mark Potter Organizations: Manchester, Manchester United, Olympique Lyonnais, Adidas, soccer, Premier League, UEFA Champions League, Nike, Manchester United women's, Champions League, Champions, United, Thomson Locations: Murrayfield, Edinburgh, Scotland, Thani, British, England, Bengaluru

Media and entertainment deal-making has slowed, but private equity players are still betting big on the space. Middle Eastern sources are still providing funding to media, which could fuel deals in the months ahead. Media deal volume has actually increased, just not as fast; PwC recorded media deals rose 3% (to 326) in the six months through May, down from a 7% increase in the previous six months. And beyond private equity, legacy players could shed properties they consider non-core: Paramount is trying to offload BET while Warner Bros. Insider's list of top private equity players in media and entertainment highlights 17 firms, from heavy hitters to smaller upstarts, based on our reporting and conversations with investors and insiders.

Persons: PwC, Hollywood —, Ryan, Morgan Stanley, Sherrese Clarke Soares Organizations: Media, Hollywood, RedBird Capital Partners, NFL, Company, Qatar Investment Authority, Yahoo, ESPN, Paramount, BET, Warner Bros, Discovery, Equity Partners Locations: Providence, BlackRock

☆ Cuban high jump king Sotomayor holds onto crown after 30 years
▼ + stars: | 2023-07-25 | by ( Nelson Acosta | ) www.reuters.com time to read: +2 min

[1/5] Cuba's high jump king and international idol Javier Sotomayor reacts during an interview beside a sculpture of himself leaping over the bar at his Restaurant & Bar in Havana, Cuba, June 20, 2023. REUTERS/Alexandre MeneghiniHAVANA, July 25 (Reuters) - Records are made to broken, world high jump king and international idol Javier Sotomayor said, smiling behind dark glasses as the fierce Caribbean sun beat down on Havana's Pan-American Stadium. At 55 years old, however, the lanky, unassuming Cuban athlete is now celebrating the third decade that his record-breaking 2.45-metres leap over the outdoor high jump bar in Salamanca, Spain, in 1993, remains unmatched. Including his prior 2.43m indoor world record in Budapest five years earlier, Sotomayor counts 35 years as world record holder, though the weather-sensitive outdoor title carries more weight internationally. Sotomayor first hurled himself to the world's top high jump spot in 1988, before beating this with a 2.44m spring in San Juan, Puerto Rico, the following year.

Persons: Javier Sotomayor, Alexandre Meneghini HAVANA, Sotomayor, Sweden's Patrik Sjoberg, Igor Paklin, Charles Austin, Ukraine's Bogdan Bondarenko, Jaxier, Jose Godoy, Nelson Acosta, Sarah Morland, Ken Ferris Organizations: Bar, REUTERS, Reuters, Thomson Locations: Havana, Cuba, Cuban, Salamanca, Spain, Budapest, San Juan , Puerto Rico, Brussels, New York

☆ Qatar bourse gains on rising oil prices; Egypt falls
▼ + stars: | 2023-07-23 | by ( Ateeq Shariff | ) www.reuters.com time to read: +1 min

July 23 (Reuters) - Qatar's stock market ended higher on Sunday in response to Friday's rise in oil prices, while the Saudi index finished flat. In Qatar, the key stock index (.QSI) gained 0.5%, rising for an eighth consecutive session, led by a 10% surge in Barwa Real Estate Co (BRES.QA). Last week, the real estate firm agreed to sell two land plots in Lusail area for 6.36 billion riyals ($1.75 billion). Outside the Gulf, Egypt's blue-chip index (.EGX30) eased 0.2% on Sunday, hit by a 1.1% fall in tobacco monopoly Easter Company. ($1 = 3.6425 Qatar riyals)Reporting by Ateeq Shariff in Bengaluru; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Ateeq, Hugh Lawson Organizations: Clean Energy, Company, Thomson Locations: Saudi, Russia, Ukraine, Qatar, Ateeq Shariff, Bengaluru

☆ PGA official pledges golfers will be able to criticize Saudi Arabia if the tour merges with the Saudi-backed LIV Golf
▼ + stars: | 2023-07-11 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

A top PGA official said golfers would still be able to criticize Saudi Arabia if the tour merges with LIV Golf. Blumenthal also accused the PGA of selling out to the controversial Saudi league. Blumenthal pointed to the fact that initial agreement between the PGA and LIV Golf has a broad non-disparagement clause. Blumenthal cited this record in calling out the PGA for selling out for the LIV merger. He and PGA Tour member Jimmy Dunne, who helped broker an initial agreement with LIV Golf, also repeatedly stressed that the PGA felt it had little choice but to try to find as peace with LIV.

Persons: LIV Golf, Democratic Sen, Richard Blumenthal, Blumenthal, Ron Price, Price, Sen, LIV, Prince Mohammed bin Salman, Jamal Khashoggi, Khashoggi, Jimmy Dunne, Ron Johnson, Johnson Organizations: Democratic, Saudi, Service, PGA, Connecticut Democrat, Public Investment Fund, FIFA, Amnesty, MBS, Washington, Wilson, Republican Locations: Saudi Arabia, Wall, Silicon, of Saudi Arabia, Saudi, Qatar

☆ Qatar Airways has unveiled its first $75 million Gulfstream G700 private jet as it caters to elite customers — take a look inside
▼ + stars: | 2023-07-09 | by ( Taylor Rains | Pete Syme | ) www.businessinsider.com time to read: +1 min

Qatar Airways Executive unveiled its first Gulfstream G700 private jet at the Paris Airshow in June. Insider toured the plane during the airshow to see what Qatar's most elite customers can expect. But, unbeknownst to many travelers, the Doha-based carrier also runs a private arm known as Qatar Executive. Qatar is the international launch customer for the $75 million G700, having unveiled the first of 10 on order at the Paris Airshow in June. Insider toured the new G700 at the show to see what customers can expect onboard — take a look inside.

Organizations: Qatar Airways Executive, Gulfstream G700, Paris Airshow, Qatar Airways, Qatar Executive, Gulfstream, Bombardier, Airbus Locations: Doha, Qatar

SINGAPORE/LONDON, July 7 (Reuters) - Thailand's largest energy company, state-controlled PTT (PTT.BK), is in advanced talks with Qatar for a 15-year liquefied natural gas (LNG) supply deal, four trading sources told Reuters. The Gulf energy giant has been in negotiations with several other Asian buyers this year and has so far signed three LNG supply deals with Asian buyers, with more expected later this year. PTT also signed a nine-year deal with Oman LNG at the start of the year, which will see it receive 800,000 tons of LNG per year beginning 2026. Thailand, a net oil and gas importer, needs to increase imports of LNG to offset a steep production fall at its gas fields. So far, the country has imported around 6 million tons of LNG this year versus 8.7 million tons in 2022, according to data firm Kpler.

Persons: Maha El, Mark Potter Organizations: Qatar, Reuters, PTT, LNG, Oman LNG, Thomson Locations: SINGAPORE, LONDON, Qatar, Ukraine, Europe, Russia, Oman, Thailand, Maha El Dahan, Dubai, Chayut, Bangkok

☆ Qatar Airways reports record revenues, bolstered by FIFA World Cup
▼ + stars: | 2023-07-06 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

Qatar Airways announced record annual revenue Thursday after the company's finances were bolstered by the FIFA World Cup, which was hosted in Qatar last year. Qatar Airways Group reported that passenger revenue was up 100% during its fiscal year 2022/23, with overall revenue up to 76.3 billion Qatari riyals ($21 billion). A total of 31.7 million passengers flew with Qatar's flagship carrier in the last year, which was up 71% compared to the previous year. The World Cup provided a considerable boost to Qatar's passenger figures, with the airline transporting 1.4 million passengers to the event. Qatar Airways received a $1.95 billion government bailout in September 2020 after the state-owned group reported annual losses of more than 50% of its share capital.

Organizations: Qatar Airways, FIFA, Qatar Airways Group, Qatar's, Emirates, Ryanair, British Airways Locations: Qatar, lockstep

☆ Captains can wear a choice of eight armbands at the FIFA Women's World Cup
▼ + stars: | 2023-06-30 | by ( Lori Ewing | ) www.reuters.com time to read: +3 min

MANCHESTER, England, June 30 (Reuters) - Captains will be permitted to wear armbands with messages about inclusion, gender equality and peace at the Women's World Cup, an about-face for FIFA after rainbow armbands were not allowed at the men's tournament last year in Qatar. Team skippers will have the choice of eight different topics as part of FIFA's "Football Unites the World" campaign, selected in consultation with the 32 participating teams, players and United Nations agencies. Men's team captains from England, Wales, Belgium, the Netherlands, Switzerland, Germany and Denmark had planned to wear "OneLove" armbands at the men's World Cup to protest Qatar's laws against same-sex relationships. "Football unites the world and our global events, such as the FIFA Women's World Cup, have a unique power to bring people together and provide joy, excitement and passion," Infantino said in Friday's statement. Captains have three options: they can wear the "Football Unites the World" armband, an armband corresponding to the theme of their choice for the entire tournament, or the armband corresponding to the theme of the specific match day.

Persons: Gianni Infantino, Infantino, It's, Fatma Samoura, Lori Ewing Organizations: FIFA, Team, Football, United Nations, Thomson Locations: MANCHESTER, England, Qatar, FIFA's, Wales, Belgium, Netherlands, Switzerland, Germany, Denmark, Australia, New Zealand

Russell Westbrook, who played for the Washington Wizards in the 2020-21 NBA season, reacts prior to playing against the Denver Nuggets at Capital One Arena in Washington, D.C., February 17, 2021. Qatar's sovereign wealth fund has offered to buy a minority stake in Monumental Sports & Entertainment, the parent company of the Washington Wizards and other Washington, D.C., sports teams, the National Basketball Association said Thursday. The NBA is still reviewing the deal with the Qatar Investment Authority, league spokesperson Mike Bass said in a statement to CNBC. The NBA in November began to allow sovereign wealth funds and other institutional investors to buy noncontrolling stakes in the league's teams. In addition to the Wizards, Monumental owns the National Hockey League's Washington Capitals and the Women's National Basketball Association team, the Washington Mystics.

Persons: Russell Westbrook, Mike Bass, QIA, Bass Organizations: Washington Wizards, NBA, Denver Nuggets, Capital, Washington , D.C, Monumental Sports & Entertainment, D.C, National Basketball Association, Qatar Investment Authority, CNBC, Sportico, Wizards, Monumental, Hockey League's Washington Capitals, Women's National Basketball Association, Washington Mystics, NBA G League, NBC Sports Washington, Monumental Sports Locations: Washington ,, Washington, Monumental, Qatar

DOHA, June 20 (Reuters) - Qatar is set to secure its second large gas supply deal with a Chinese state-controlled company in less than a year, sources familiar with the deal told Reuters on Tuesday. CNPC also will take an equity stake in the eastern expansion of Qatar's North Field liquefied natural gas (LNG) project, the sources said. In an identical deal, QatarEnergy sealed a 27-year supply agreement with China's Sinopec in November for 4 million tons a year. The state-owned Chinese gas giant also took an equity stake equivalent to 5% of one LNG train of 8 million tons a year capacity. Tuesday's deal, first reported by the Financial Times, will be QatarEnergy's third deal to supply LNG from the expansion to an Asian buyer.

Persons: CNPC, QatarEnergy, China's Sinopec, Saad, QatarEnergy didn't, Andrew Mills, Maha El, Kanjyik Ghosh, Kim Coghill, Christopher Cushing Organizations: DOHA, Reuters, China National Petroleum Corporation, Financial Times, LNG, Thomson Locations: Qatar, China, Arab, Asia, Ukraine, Europe, finalising, QatarEnergy, United States, Australia, Doha, Maha, Maha El Dahan, Dubai, Bengaluru

☆ Qatar, UAE reopen embassies after a six-year rift
▼ + stars: | 2023-06-20 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsQatar, UAE reopen embassies after a six-year riftPostedQatar and the United Arab Emirates' respective embassies reopened on Monday (June 19) to resume work after the two Gulf states agreed to restore diplomatic ties, Qatar's foreign ministry said.

Organizations: United Arab Emirates Locations: Qatar, UAE

☆ Qatar and UAE embassies resume work on Monday, Qatar's foreign ministry says
▼ + stars: | 2023-06-19 | by ( ) www.cnbc.com time to read: +1 min

Foreign Minister of Qatar Mohammed bin Abdulrahman bin Jassim Al-Thani during a joint press conference with Turkish Foreign Minister Mevlut Cavusoglu on July 14, 2017. Qatar and the United Arab Emirates' respective embassies reopened on Monday to resume work after the two Gulf states agreed to restore diplomatic ties, Qatar's foreign ministry said. The restoration of ties comes amid a broader regional push for reconciliation and more than two years after Arab states ended a boycott of Doha that had shattered the Western-allied Gulf Arab bloc. The Qatari ministry said in a statement that the two foreign ministers, Sheikh Mohammed bin Abdulrahman Al-Thani and Sheikh Abdullah bin Zayed, had held a phone call as the two embassies reopened on Monday. Reuters reported in April that the two Gulf states were in the process of restoring diplomatic relations.

Persons: Qatar Mohammed bin Abdulrahman bin Jassim, Mevlut Cavusoglu, Sheikh Mohammed bin Abdulrahman, Sheikh Abdullah bin Zayed Organizations: Turkish Foreign, United Arab Emirates, Reuters, Doha Locations: Qatar, Qatar Mohammed bin Abdulrahman bin Jassim Al, Thani, Doha, Arab, Sheikh Mohammed bin Abdulrahman Al, Abu Dhabi, Saudi Arabia, UAE, Bahrain, Egypt, Islam, Iran, Riyadh, Cairo, Saudi, Yemen

☆ Qatar and UAE embassies resume work on Monday -Qatar foreign ministry
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +1 min

DOHA, June 19 (Reuters) - Qatar and the United Arab Emirates' respective embassies reopened on Monday to resume work after the two Gulf states agreed to restore diplomatic ties, Qatar's foreign ministry said. The restoration of ties comes amid a broader regional push for reconciliation and more than two years after Arab states ended a boycott of Doha that had shattered the Western-allied Gulf Arab bloc. The Qatari ministry said in a statement that the two foreign ministers, Sheikh Mohammed bin Abdulrahman Al-Thani and Sheikh Abdullah bin Zayed, had held a phone call as the two embassies reopened on Monday. Reuters reported in April that the two Gulf states were in the process of restoring diplomatic relations. Reporting by Nayera Abdallah and Andrew Mills, writing by Aziz El Yaakoubi; Editing by David Goodman and Gareth JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Sheikh Mohammed bin Abdulrahman, Sheikh Abdullah bin Zayed, Nayera Abdallah, Andrew Mills, Aziz El Yaakoubi, David Goodman, Gareth Jones Organizations: DOHA, United Arab Emirates, Reuters, Doha, Thomson Locations: Qatar, Doha, Arab, Sheikh Mohammed bin Abdulrahman Al, Thani, Abu Dhabi, Saudi Arabia, UAE, Bahrain, Egypt, Islam, Iran, Riyadh, Cairo, Saudi, Yemen

☆ Qatar stock market ends lower, Egypt rises
▼ + stars: | 2023-06-18 | by ( Md Manzer Hussain | ) www.reuters.com time to read: +2 min

The Qatari Stock index (.QSI) dropped 0.1%, extending its losses to a second session with Gulf's biggest lender Qatar National Bank (QNBK.QA) falling 0.2% and Qatar Islamic Bank (QISB.QA) shedding 1.1%. Among the losers, Lesha Bank (QFBQ.QA) and Dukhan Bank (DUBK.QA) lost 1.1% and 1.3% respectively. Saudi Arabia's benchmark index (.TASI) added marginally as losses in energy and financial sectors countered gains in most of the sectors. Dr Sulaiman Al-Habib Medical Services (4013.SE) climbed 2.5% and Mouwasat Medical Services (4002.SE) surged 6.1%. However, Riyad Bank (1010.SE) and the world's largest Islamic bank by assets Al Rajhi Bank (1120.SE) lost 2.1% and 0.7% respectively.

Persons: Christopher Waller, Dr Sulaiman Al, Md Manzer Hussain, David Evans Organizations: . Federal, United Arab, Qatar National Bank, Qatar Islamic Bank, Lesha Bank, Dukhan Bank, Habib Medical Services, Mouwasat Medical Services, Riyad Bank, Al Rajhi Bank, Co, International Finance Corporation, IFC, Thomson Locations: United States, Saudi Arabia, United Arab Emirates, Qatar, Saudi, El

☆ Podcast: US-Iran talks and Australia divided over Indigenous vote
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +1 min

Australia is divided on a historic referendum which would recognize the country's Indigenous people in the constitution. The United States and Iran hold talks to try and defuse tensions. Plus, Manchester United’s hopes for $6 billion dollar deal and how a payphone collect call became a reporter’s best friend. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. Further ReadingUS, Iran in talks to cool tensions with a mutual 'understanding'Exclusive: Manchester Utd negotiating exclusivity with Qatar's Sheikh Jassim in $6 billion-plus sale talksAustralia's top companies back Indigenous Voice as public support waversOur Standards: The Thomson Reuters Trust Principles.

Persons: Manchester United’s, Qatar's Sheikh Jassim Organizations: Apple, Google, Reuters, Manchester, Thomson, Reading, Manchester Utd Locations: Australia, United States, Iran

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