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Souq Waqif


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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

Turkey's President Erdogan Wades Into the Qatar Crisis on a Tour of the Gulf

2017-07-23
(KUWAIT CITY) — Turkey's president waded into the diplomatic crisis gripping Qatar and four other Arab nations on Sunday, traveling to Saudi Arabia and Kuwait as part of a three-country Gulf tour aimed at helping break the impasse. Recep Tayyip Erdogan ...

US cannot pick sides in Qatar crisis, lawyer says

2017-07-23
Abu Dhabi: US interests are deeply rooted on both sides of the Qatar row, and the Donald Trump administration has presumably avoided taking sides to protect vital US relationships, a renowned international lawyer said on Wednesday. Robert Amsterdam, whose ...

Wealthy Qatar Remains Defiant In The Face Of Arab Sanctions

2017-07-23
In the beginning of June, the nations of Bahrain, Egypt, Libya, Maldives, Saudi Arabia, Yemen and the United Arab Emirates collectively imposed a trade and travel boycott against their neighbor Qatar. Nearly two months later, Qatar remains defiant, in the ...

EU urges talks to resolve Qatar crisis

2017-07-23
European Union foreign affairs chief Federica Mogherini called for swift direct talks to resolve the Gulf crisis between Qatar and its neighbours. Mogherini's call came after she met Emir of Kuwait Shaikh Sabah Al Ahmad Al Sabah and other officials and ...

US should stop coddling the Saudis on Qatar

2017-07-23
by Dan Hannan | Jul 24, 2017, 12:01 AM Share on Twitter Share on Facebook Email this article Share on LinkedIn Secretary of State Rex Tillerson chats with Saudi Foreign Minister Adel al-Jubeir before he departs from the Royal Terminal in Jiddah, Saudi ...

Qatar Scores, At Least On The Soccer Pitch – Analysis

2017-07-23
Qatar won more than a symbolic victory with a decision by European soccer body UEFA to award controversial television network Al Jazeera’s sport franchise, BeIN Spots, the Middle Eastern and North African broadcasting rights for two of soccer’s most ...

The Latest: Turkey's President Talks Qatar in Saudi, Kuwait

2017-07-23
DUBAI, United Arab Emirates (AP) — The Latest on the crisis diplomatic crisis between Qatar and four Arab countries (all times local): 9:50 p.m. Turkey's president has met with the ruler of Kuwait to discuss ways to end the diplomatic crisis between ...

MIDEAST STOCKS-Amlak boosts Dubai, Qatar pulls back from near pre-crisis level

2017-07-23
DUBAI, July 23 (Reuters) - Islamic finance firm Amlak helped to boost Dubai's stock market on Sunday while Qatar pulled back after events at the weekend failed to point to progress in resolving the diplomatic crisis between Doha and neighbouring states.

Why Washington Can't Quit Qatar

2017-07-23
Journalists in Middle Eastern media outlets have been engaged in harsh mudslinging ever since Saudi Arabia, the United Arab Emirates, Egypt and Bahrain (a.k.a. the quartet) severed diplomatic and economic relations with Qatar last month over Doha’s ...

Turkish president visits Gulf to ease Qatar crisis

2017-07-23
JEDDAH: President Recep Tayyip Erdogan began on Sunday a key visit to the Gulf region aimed at defusing the standoff around Turkey’s ally Qatar, saying no one had an interest in prolonging the crisis. Mr Erdogan arrived in Jeddah to meet the Saudi ...

Turkey's President Erdogan Wades Into the Qatar Crisis on a Tour of the Gulf

2017-07-23
(KUWAIT CITY) — Turkey's president waded into the diplomatic crisis gripping Qatar and four other Arab nations on Sunday, traveling to Saudi Arabia and Kuwait as part of a three-country Gulf tour aimed at helping break the impasse. Recep Tayyip Erdogan ...

Erdogan visits Gulf in bid to defuse Qatar row

2017-07-23
DUBAI (Reuters) - Turkish President Tayyip Erdogan traveled to Saudi Arabia and Kuwait on Sunday, the Gulf states' official news agencies reported, as part of a diplomatic tour aimed at healing an Arab rift with Ankara's ally Qatar. Saudi Arabia, the ...

US cannot pick sides in Qatar crisis, lawyer says

2017-07-23
Abu Dhabi: US interests are deeply rooted on both sides of the Qatar row, and the Donald Trump administration has presumably avoided taking sides to protect vital US relationships, a renowned international lawyer said on Wednesday. Robert Amsterdam, whose ...

Wealthy Qatar Remains Defiant In The Face Of Arab Sanctions

2017-07-23
In the beginning of June, the nations of Bahrain, Egypt, Libya, Maldives, Saudi Arabia, Yemen and the United Arab Emirates collectively imposed a trade and travel boycott against their neighbor Qatar. Nearly two months later, Qatar remains defiant, in the ...

US should stop coddling the Saudis on Qatar

2017-07-23
by Dan Hannan | Jul 24, 2017, 12:01 AM Share on Twitter Share on Facebook Email this article Share on LinkedIn Secretary of State Rex Tillerson chats with Saudi Foreign Minister Adel al-Jubeir before he departs from the Royal Terminal in Jiddah, Saudi ...

Qatar Scores, At Least On The Soccer Pitch – Analysis

2017-07-23
Qatar won more than a symbolic victory with a decision by European soccer body UEFA to award controversial television network Al Jazeera’s sport franchise, BeIN Spots, the Middle Eastern and North African broadcasting rights for two of soccer’s most ...

The Latest: Turkey's President Talks Qatar in Saudi, Kuwait

2017-07-23
DUBAI, United Arab Emirates (AP) — The Latest on the crisis diplomatic crisis between Qatar and four Arab countries (all times local): 9:50 p.m. Turkey's president has met with the ruler of Kuwait to discuss ways to end the diplomatic crisis between ...

Erdogan in the Gulf seeking to ease Qatar crisis

2017-07-23
President Recep Tayyip Erdogan began a key visit to the Gulf region aimed at defusing the standoff around Turkey's ally Qatar, saying no one had an interest in prolonging the crisis. Erdogan, whose country has come to Qatar's aid in the crisis, had talks ...

MIDEAST STOCKS-Amlak boosts Dubai, Qatar pulls back from near pre-crisis level

2017-07-23
DUBAI, July 23 (Reuters) - Islamic finance firm Amlak helped to boost Dubai's stock market on Sunday while Qatar pulled back after events at the weekend failed to point to progress in resolving the diplomatic crisis between Doha and neighbouring states.

Qatar is the solution, not a problem for neighbours

2017-07-23
The governments of Saudi Arabia, Egypt, Bahrain and UAE should reflect deeply on the status of the embargo they imposed on Qatar and understand that today Qatar is one of the best possible solutions to latent political instability in that region of the ...