Qatar Financial News

Qatar has agreed to supply British firm Shell with natural gas for 27 years, the Gulf emirate's state-owned energy company announced on Wednesday. Since Moscow's invasion of Ukraine last year, European countries have scrambled to replace lost deliveries of natural gas from Russia. Qatar will supply 3.5 million tonnes of gas a year under the deal, QatarEnergy said, following two agreements with Shell for a share of the Gulf state's huge North Field gas expansion project. «We are delighted to sign these two long-term LNG sale and purchase agreements with Shell that will further enhance our decades-long relationship and strategic partnership in Qatar and around the world,» Qatari Energy Minister Saad al-Kaabi said. «These agreements reaffirm Qatar's commitment to help meeting Europe's energy demands and bolstering its energy security with a source known for its superior economic and environmental qualities,» he added, In October last year, Shell inked a deal with QatarEnergy for a 9.4 percent stake in Qatar's North Field South project, the second phase in the expansion of the world's largest gas field, which extends under the Gulf into Iranian territory. In July the same year it also agreed to a 6.25 percent share in the first phase of the expansion, North Field East. Deliveries of the liquefied natural gas (LNG) to Rotterdam are expected to begin in 2026. The deal with Shell is equal in length to an agreement with France's TotalEnergies announced earlier this month for a 27-year supply of natural gas. Under its North Field expansion, Qatar is set to raise its output of liquified natural gas (LNG) by 60 percent or more to 126 million tonnes a year by 2027. The main market for Qatari gas has traditionally been

WASHINGTON—With Israel on the brink of a ground invasion of Gaza, President Biden will visit the beleaguered nation with the aim of reinforcing American commitment to its security and addressing the spiraling humanitarian crisis in Gaza brought on by the war with Hamas. His decision to travel to Israel in the middle of its war with Hamas is fraught with diplomatic, political and security risks. As concerns intensify that the conflict could spread through the region, the U.S.

Investing.com — U.S. stocks rose Monday to start a week that sees the quarterly earnings season ramp up.

Qatar's Sheikh Jassim bin Hamad Al Thani is withdrawing his offer to buy Manchester United, a person with knowledge of the process told The Associated Press

Israel-Hamas war. If the war escalates further and spreads to other countries, it will shoot up crude oil prices and also deal a severe blow to the global economy which is already struggling thanks to continuous rate hikes due to a sharp rise in inflation led by the Russia-Ukraine war in the post Covid-19 pandemic world. "Top US officials warned on Sunday that the war could escalate into a wider conflict across the Middle East.

Manchester United (NYSE:MANU) shares fell sharply in early Monday trade following reports that the Qatari group led by Sheikh Jassim bin Hamad J.J. Al Thani had withdrawn its bid for the Premier League titan.

By Hadeel Al Sayegh, John O'Donnell, Elizabeth Howcroft

Investing.com — U.S. Secretary of State Antony Blinken seeks to limit the extent of the conflict in the Middle East, while the focus on Wall Street turns to the new quarterly corporate earnings season. Rite Aid has filed for bankruptcy while crude prices consolidate after recent hefty gains.

earlier shared on social media that it had already donated 4,000 meals to hospitals and military units dedicated to Israeli soldiers fighting Hamas. It plans to donate thousands of meals every day to soldiers in the field and in drafting areas, it said.

reports. The deal positions Qatar Airways as the biggest airline partner to Elon Musk's Starlink.

By Anirban Sen

It is worth noting that Saudi Arabia, Iran and Qatar not only extended their support to Palestine, but also criticised Israel over its treatment of Palestinians. Egypt is also extending its support to Palestine and is also providing humanitarian assistance to Gaza. The nation also condemned any displacement of Palestinians from North Gaza.

By Anirban Sen and Mrinmay Dey

By Hadeel Al Sayegh, John O'Donnell and Elizabeth Howcroft

Jassim Bin Hamad Al Thani has withdrawn a bid to buy Manchester United, the BBC reported on Saturday. United announced nearly a year ago that the board was exploring «strategic alternatives to enhance the club's growth», with a full sale one of the options. Sheikh Jassim and British billionaire Jim Ratcliffe were the front runners after several rounds of bidding earlier this year, but the process has stalled in recent months despite the anger of supporters towards current owners, the Glazer family. The Americans have owned the English giants since a leveraged takeover in 2005 for £790 million ($961 million) saddled the club with huge debts. Figures in March showed United's debts have grown to £970 million. However, the Glazers are believed to be holding out for a world record fee for a football club in excess of £6 billion. Sheikh Jassim's bid was for full control of United and promised to clear the club's debt. By contrast, Ratcliffe is reportedly willing to buy a smaller stake to break the impasse ownership of the 20-time English champions. The Red Devils fortunes on the field have also faded under the Glazer's tenure. United have not won the Premier League since former manager Alex Ferguson retired in 2013 and last won the Champions League in 2008. They currently sit 10th in the Premier League and have lost their first two Champions League group stage matches for the first time in the club's history.

Hamas leader Ismail Haniyeh on Saturday accused Israel of engaging in actions that he considers to be war crimes and of obstructing the delivery of humanitarian assistance to the Gaza Strip. This statement was conveyed in a letter he penned to United Nations Secretary-General Antonio Guterres, which was published on the website of the Palestinian group. «Israeli atrocities amount to war crimes,» he said in a letter addressed to United Nations Secretary-General Guterres that was posted on the Palestinian group's website. Antony Blinken previously mentioned that the efforts to deliver humanitarian aid to Gaza have faced challenges due to the actions of the terrorist organization Hamas.

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Blinken on Friday began a tour of Arab capitals as he seeks to build pressure on Hamas while Israel readies a likely massive offensive on the Gaza Strip following the militants' attacks. The top US diplomat will meet Jordan's King Abdullah II, a longtime US partner, and Palestinian president Mahmud Abbas in Amman and will then visit Qatar, Saudi Arabia, Egypt and the United Arab Emirates. Blinken spent Thursday in Tel Aviv where he promised unwavering solidarity to US ally Israel after the surprise October 7 offensive by Hamas, who killed over 1,200 people and took about 150 more hostage. The United States has publicly blessed reprisals by Israel, which on Friday called for the immediate relocation of 1.1 million people in the Hamas-ruled Gaza Strip, which is already under an Israeli blockade. Israel has killed more than 1,400 people in strikes in the Gaza Strip since the Hamas attack and has cut off food, water and electricity. Qatar, where Blinken will head immediately after Jordan, has longstanding ties with Hamas and has been seen as an intermediary in freeing the hostages. «We'll continue pressing countries to help prevent the conflict from spreading, and to use their leverage with Hamas to immediately and unconditionally release the hostages,» Blinken said late Thursday in Tel Aviv. «We'll also discuss how we can continue to make real our affirmative vision for a region that's more peaceful, more prosperous, more secure, more integrated. »In fact, that is the choice, and the choice in some ways has been made even more stark by the actions of Hamas." Saudi Arabia in the weeks before the attacks had spoken of progress in US-led diplomacy to normalise relations with Israel — a landmark step for the

A call for demonstrations across the Muslim world Friday in support of Palestinians is causing security worries among Jewish organizations in Canada.

Portugal will take on Slovakia in Euro 2024 Qualifiers on Friday. While Ronaldo has set his eyes in the FIFA World Cup 2026, Euro 2024 will tell whether the former Manchester United and Real Madrid legend will add to more glory to his illustrious footballing career. Portugal will play Slovakia on Friday, October 13. The kick off is scheduled at 2.45 pm (ET). Portugal vs Slovakia Euro 2024 Qualifier will be live streamed on fuboTV for soccer fans in the US. A win against Slovakia on Friday will guarantee qualification and, if Ronaldo is selected, the chance for him to repeat his 2016 triumph with Portugal at the tournament. It wasn't clear what the future held for the five-time Champions League winner when he walked away from Manchester United last November and was then dropped by his country as it made an early exit from the World Cup in Qatar last year. His move to Saudi Arabia wasn't exactly a guarantee of success, but Ronaldo has proven he is far from done. On Friday, Portugal can secure its place at next year's European Championship in Germany. It will be a personal triumph for Ronaldo, who insisted his career wasn't over after leaving European club soccer behind to join Al-Nassr last December. Not only has he been the catalyst for a slew of soccer's biggest names, such as Neymar and Karim Benzema, following him to the Saudi league, but he has helped Portugal to its best-ever performance in a European qualifying campaign with six wins from six matches in Group J.

By Humeyra Pamuk and Daphne Psaledakis