Page 34 - Qa News Today

Major stock markets in the Gulf traded in a narrow range in early trade on Wednesday as oil prices fell, with the Saudi index on course to extend losses from the previous session.

Qatar Energy, one of the world's top liquefied natural gas (LNG) suppliers, is working on a plan to reinvent itself as environmentally responsible for investors via a framework that will pave the way for it to sell "green" bonds in a deal likely to be worth several billion dollars, three sources with knowledge of the matter said.

Major Gulf stock markets were mixed in early trade on Tuesday, as a potential downgrade in ratings of Qatari banks by Fitch sent the index lower, while corporate earnings supported Saudi stocks.

Credit ratings agency Fitch Ratings indicated on Monday it could cut the ratings of all banks in Qatar, saying it was concerned over the sector's increasing reliance on external funding and a recent rapid growth in assets.

China's foreign ministry said on Monday that Foreign Minister and State Councillor Wang Yi will meet a delegation of the interim Afghan Taliban government during his visit to Qatar on Oct. 25-26.

Most stock markets in the Gulf fell in early trade on Monday, with the Abu Dhabi index retreating from a record high, while the Qatari index bucked the trend to trade higher.

QatarEnergy has signed a deal for a 40% stake in one of ExxonMobil’s major offshore explorations in Canada, the Qatar state-owned oil and gas firm said on Sunday.

Most stock markets in the Gulf rose in early trade on Sunday, with the Abu Dhabi index outperforming the region, while the Saudi index bucked the trend to trade lower.

Abu Dhabi's stock market reached an all-time high on Sunday, led by gains in top lender, while the Saudi index pulled back from a 15-year high.

Afghanistan is heading towards economic collapse that risks spiralling the country into a new political crisis, Sweden's minister for international development cooperation warned on Saturday.