UK gas prices spike over 90 per cent amid US-Iran war Economics Gas prices in the UK have nearly doubled as the war between US and Iran ramped up since the weekend. The price of UK wholesale gas prices – which reflect the costs energy suppliers pay to producers for natural gas before selling to household and businesses – has rocketed by 93 per cent in just [...]
Gas prices ‘go stratospheric’ as Qatari plant hit by Iran strikes Markets European gas prices surged on Monday after Iranian retaliatory strikes shut down the world’s largest export plant for liquified natural gas (LNG), based in Qatar. In a statement, QaterEnergy, the Qatari state energy company, said it had ceased production of LNG due to “military attacks” on Ras Laffan Industrial City and Mesaieed Industrial City. “One [...]
Lazio owner calls Qatari takeover talk a plot to hit club’s share price Sport Business Lazio’s ownership has labelled reports of takeover talks with a Qatari suitor “completely false” and an attempt to damage the Italian club’s share price. The Rome-based two-time Serie A champions have been repeatedly linked with the tiny Gulf state since Italy’s former prime minister alleged that the Emir of Qatar was a Lazio fan. “This [...]
Doha 2036 Olympics? Qatar confirms it’s rivalling Saudi Arabia and India July 22, 2025 Qatar is set to rival Saudi Arabia to be the first Middle Eastern country to host the Olympics after confirming it is in “dialogue” with organisers the IOC. The tiny Gulf state, which hosted the men’s football World Cup in 2022, has discussed its proposals for hosting the Olympic and Paralympic Games in 2036. Ahmedabad [...]
Rachel Reeves’ tax hikes are driving wealthy overseas investors to flee London July 14, 2025 Chancellor Rachel Reeves’ tax hikes have had the “feared impact” of driving wealthy overseas investors to flee London to escape double taxation of their worldwide income, the company behind The Shard has said. Real Estate Management (UK), which is ultimately owned by the State of Qatar, has revealed the exodus has resulted in it being [...]
Israel and Iran missile tensions causing chaos for British and Irish Lions fans June 24, 2025 Missile tensions between Iran and Israel in the Middle East have caused travel chaos for British and Irish Lions fans heading to Australia. Large numbers of rugby fans heading Down Under to be in Perth in time for Saturday’s opening match of the British and Irish Lions tour are flying via Doha, the UAE and [...]
Risk of gas crisis as Iran launches missiles at US military bases June 23, 2025 Iran has launched a barrage of missiles at US military bases in Qatar, in response to America’s bombing raids over the weekend. City analysts have been on high alert over the potential economic fallout, with a warning that gas prices could more than double if shipping through the Strait of Hormuz is blocked. Analysts fear [...]
Qatar closes airspace as region braces for Iran response June 23, 2025 Qatar shut down its airspace minutes after markets in London closed, with City analysts fearing the conflict involving Iran, Israel and the US could yet escalate further. The UK government followed the US in telling its British nationals in the country to take shelter until further notice. The US said the warning was made out [...]
Ceasefire between Hamas and Israel to begin on Sunday morning January 18, 2025 The ceasefire between Hamas and Israel will go into effect in less than 24 hours, said Qatar’s foreign ministry. In a post on X, Qatar’s foreign minister Majid al-Ansari, said the ceasefire will go into effect at 8.30am (0630 GMT) on Sunday. He advised people to exercise caution when the agreement goes into effect and [...]
Barclays fined over ‘reckless’ failure to disclose Qatar links November 25, 2024 The Financial Conduct Authority (FCA) has hit Barclays with a £40m fine today for failing to disclose ties with certain Qatari investors as it scrambled to avert a government bailout during the financial crisis. In a statement today, the City watchdog said the FTSE 100 lender’s conduct through during a capital raise in 2008 was [...]