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The Daily Star
THURSDAY, 24 APR 2014
10:14 PM Beirut time
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Robert Tuttle
Qatar wealth fund to boost investments in U.K.
February 13, 2014 12:08 AM
The Qatar Investment Authority, which controls over $100 billion of assets, said it was ready to boost investment in the U.K. after acquiring stakes in British companies such as Barclays Plc. and J Sainsbury Plc.“Britain is one of the main destinations for investment,” Ahmad al-Sayyed, chief...
While burning billions in gas, Iran to lead exporters group
November 06, 2013 12:12 AM
Iran will lead a club of the world’s biggest natural gas exporters as its own shipments abroad are hampered by U.S. and European Union sanctions that force the country to burn off billions of dollars worth of the fuel. Mohammad Hossein Adeli, the country’s former deputy foreign minister, was...
Qatar Telecom raises $12B to buy Maroc Telecom
May 28, 2013 01:26 AM
Qatar Telecom QSC raised $12 billion to finance its bid for a majority stake in Maroc Telecom SA as it seeks to expand through acquisitions, its chief executive officer said in an interview. Qatar Telecom, which recently changed its name to Ooredoo, plans to focus on buying telecommunication...
Qatar weighs stake in Morgan Stanley commodities unit
October 16, 2012 01:00 AM
Qatar, the Arab Gulf country seeking to reduce its dependence on gas reserves, is weighing a potential stake in Morgan Stanley’s commodities unit, Prime Minister Sheikh Hamad bin Jassim al-Thani said. “We need a few weeks to look at the details, but we are looking at it...
Qatar, ExxonMobil joint venture wins its first U.S. LNG export permit
October 05, 2012 12:57 AM
Qatar’s Golden Pass Products LLC received permission to export liquefied natural gas from the U.S., in what may become the Persian Gulf state’s first venture for selling LNG produced in another country. The Energy Department permit will allow Golden Pass, owned 70 percent by state-run...
Doha’s reliance on foreign lenders at record high
June 06, 2012 01:06 AM
Qatar banks’ reliance on foreign lenders has risen to a record this year as their funding is stretched by the surge in project financing in the nation preparing to host the 2022 football World Cup. Net interbank borrowing from foreign banks almost tripled in the year to April, with...
Mideast to cut LNG exports to Europe for first time in 20 years
June 01, 2012 01:29 AM
Middle East liquefied natural gas producers, the biggest suppliers of the fuel to Europe, are set to cut exports for the first time in 20 years amid rising local demand for power generation. Qatar, Oman, Yemen and Abu Dhabi, which supply 40 percent of the world’s LNG, exported at 96 percent...
Arab Spring helps spur car sales in Gulf states
February 08, 2012 01:48 AM
Amid rebellion and turmoil, automakers led by Volkswagen AG and Ford Motor Co. are investing more heavily in the Middle East. VW plans to introduce the Polo subcompact and the U.S.-built Passat sedan in the region this year. VW’s Lamborghini projects growth of 50 percent. “With the new...
Libya expects to produce 800,000 barrels of crude by end of 2011
November 14, 2011 01:37 AM
Libya, the holder of Africa’s biggest oil reserves, will produce as much as 800,000 barrels of crude a day by the end of this year, the chairman of state-run National Oil Corp. said. Libya’s oil industry will recover more quickly than the International Energy Agency predicted after...
Iraq plans first bond sale in 6 years as its economy strengthens
July 11, 2011 01:22 AM
AMMAN: Iraq, recovering from decades of war and sanctions, may sell its first bonds since 2006 next year as rising oil revenue and increased stability help push borrowing costs lower. “Iraqi bonds have been performing well, so the central bank may issue new ones early next year,”...
Libyan rebel economy chief criticizes financial help delays
May 19, 2011 03:03 AM
BENGHAZI: The economy minister of the Libyan rebels’ leadership council urged the international community to speed up efforts to provide access to promised funds, saying the process is taking “too long.” Abdullah Shamiya called for donors to activate a financial mechanism approved in Rome earlier...
Cause of sovereignty makes for strange bedfellows
May 13, 2004 12:00 AM
WASHINGTON: The United States' decision to impose economic sanctions on Syria, in accordance with the Syria Accountability and Lebanese Sovereignty Restoration Act, has been criticized by many in America's Arab and Lebanese communities. But for a number of Lebanese and Arab expatriates, the act's...
Bush's popularity seems immune to Iraq quagmire
April 23, 2004 12:00 AM
WASHINGTON: In what can only be seen as bad news for presumed US Democratic presidential nominee John Kerry, the deteriorating security situation in Iraq has had little impact on US President George W. Bush's popularity with American voters, according to a number of recent polls of voter opinion. ...
Washington remains divided on war in Iraq
March 23, 2004 12:00 AM
WASHINGTON: Fouad Ajami, professor of Middle East studies at John Hopkins University's School for Advanced International Studies, and one of the most recognizable Arab voices in the American media, recently returned from his second trip to Iraq since the end of the war. An ardent critic of what...
Arab-Americans look to unseat Bush in November
February 25, 2004 12:00 AM
WASHINGTON: In 2000, the Michigan-based Arab-American Political Action Committee (AAPAC), one of a handful of Arab-American PAC’s in the United States, endorsed George W. Bush for president. PACs are regulated committees that raise funds for political candidates and assist in their campaigning....


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Rami G. Khouri
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Israel shows Zionism’s true colors
Michael Young
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For Christians, blessed are the dividers
David Ignatius
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An Iran deal is close, but we’re not there yet
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