INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

EU seeks closer ties with gas-rich Qatar, opens office in Doha

EU council president Charles Michel talks with Qatari leaders were also to focus on Russia's invasion of Ukraine. (AFP)
  • Qatar is one of the world's top suppliers of liquefied natural gas and growing requests have been made by Germany and other European nations.
  • The EU wants closer ties on "the energy sector, economic development, security challenges", EU council president Charles Michel said.

The European Union opened an office in Qatar on Wednesday in a sign of the Gulf state’s growing influence in solving the international energy crisis.

EU council president Charles Michel was to meet the emir of Qatar, Sheikh Tamim bin Hamad al-Thani, and other top officials in Doha later in the day.

Michel arrived from Algeria where he also discussed supplies of natural gas. Qatar is one of the world’s top suppliers of liquefied natural gas and growing requests have been made by Germany and other European nations.

Michel said his visit was “an important signal of our political will to strengthen ties with Qatar”, as he opened the EU mission.

The EU wants closer ties on “the energy sector, economic development, security challenges”, he told reporters.

Michel’s talks with Qatari leaders were also to focus on Russia’s invasion of Ukraine, which led to the gas shortages now hitting Europe.