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Thursday, 14 November 2013

Gulf carriers destabilise alliances - FT.com

Gulf carriers destabilise alliances - FT.com:

"
Global links: dignitaries gather at Hamad International airport to celebrate Qatar Airways’ membership of Oneworld, which connects it to 883 destinations
The great and the good of the aviation industry gathered in Doha last month to celebrate an unusual event.
With much ceremony, Qatar Airways became the first of the large Gulf-based carriers to enter a global airline alliance by joining Oneworld, led by American Airlines and British Airways.
“Becoming a member of Oneworld is one of the most significant landmarks in Qatar Airways’ history,” declared Akbar Al Baker, the airline’s chief executive."

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Gulf states push ahead with growth plans to realise potential as global passenger hubs - FT.com

Gulf states push ahead with growth plans to realise potential as global passenger hubs - FT.com:

"The opening of Al Maktoum International, Dubai’s second airport, to passenger traffic in October laid down another challenge to the global aviation market.
The trade and tourism-focused emirate has been joined by Abu Dhabi and Qatar in expanding airport capacity, as the trio position themselves as global hubs for air traffic.
"

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Gazprom says it is on track to deliver its highest volumes of gas to Europe since 2008

Gazprom says it is on track to deliver its highest volumes of gas to Europe since 2008:

"Russian state natural gas firm OAO Gazprom Thursday said it is on track to deliver its highest volumes of gas to Europe since 2008, as demand for its pipeline gas spiked amid lower supplies of liquefied gas delivered by tanker.

Gazprom profits slumped last year as sales in Europe dropped due to increased competition and lower demand.

But exports to Europe were up 15.6% in the first half of this year, Gazprom said."

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Oman oil executive goes on trial on bribery charges | Reuters

Oman oil executive goes on trial on bribery charges | Reuters:

"A senior official at a state-run Omani oil company went on trial on Thursday on charges of taking a bribe, in a case closely watched in the Gulf Sultanate, which has pledged to root out corruption."

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The shades of 'shadow banking' - YouTube

The shades of 'shadow banking' - YouTube:

"Tracy Alloway, FT's US financial correspondent, speaks to John Authers about how non-bank lenders like Reits - Real estate investment trusts - have seen their assets rise by almost 60 per cent since the height of the crisis and drawn the attention of US regulators.


"

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Tim Ash comments on extension of EU’s Kwasniewski-Cox mission - Opinion - News - Ukraine Business Online

Tim Ash comments on extension of EU’s Kwasniewski-Cox mission - Opinion - News - Ukraine Business Online:

"LONDON, Nov 14, 2013 (UBO) – Yesterday’s move by the European Parliament to extend the EU’s Kwasniewski-Cox mission came as no great surprise as Ukraine continues to waffle in the battle over the EU-Ukraine Association Agreement. Tim Ash, Standard Bank’s expert on emerging markets gave us his thoughts on the last move in commentary provided at 8:54 am today:

In this very tricky situation to call the only thing I would have waged my bottom dollar on is that the EU would blink at the first hurdle, and extend the deadline for making the decision over Ukraine's DCFTA to Vilnius. This now reads Yanukovych - 1: EU - 0, albeit the poker game rather than the football analogy is definitely the better one. The Yanukovych administration will likely read this as assuming that the EU will probably cave in at the last minute at Vilnius, as they will read that the EU needs Ukraine more than the other way around. Let's see on that one - many people will hope that the EU still has some basic principles to uphold, but then there is realpolitik."

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MIDEAST STOCKS-Qatar rally goes on as property shares boost Dubai | Reuters

MIDEAST STOCKS-Qatar rally goes on as property shares boost Dubai | Reuters:

"* Qatar hits fresh five-year high

* Attracts money withdrawn from other markets

* Dubai to remain volatile ahead of Expo decision

* Arabtec climbs, then pulls back from chart barrier

* Egypt consolidates after post-Mursi rally

By Olzhas Auyezov

DUBAI, Nov 14 (Reuters) - Qatar's bourse rose to a fresh five-year high on Thursday amid profit-taking in most other regional markets, while Dubai gained on the back of construction and property shares.

The Qatari index rose for a fourth consecutive day, up 0.8 percent at 10,212 points. All but three of 20 constituent stocks rose.

In past months, Qatar lagged other Gulf markets such as Dubai. But once they were hit by profit-taking, it emerged as a top performer, thanks in part to local companies' traditionally high dividend payments, which are drawing investors ahead of the end of the year.

Dubai rose 0.4 percent, helped by construction and property firms such as Deyaar, Emaar, Drake and Scull and Arabtec."

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