Jun 222017

NEW YORK CITY: Qatar Airways has notified American Airlines it wants to buy about a 10 percent stake in the US carrier, which confirmed the move Thursday in a securities filing. Qatar Airways disclosed that it planned to buy at least $808 million in shares, and Qatar Airways’ chief executive told his counterpart at American that the carrier sought a stake of about 10 percent, American Airlines said. “The proposed investment by Qatar Airways was not solicited by American Airlines and would in no way change the Company’s Board composition, governance, management or strategic direction,” American said in the filing. The move comes as Qatar faces conflict with neighboring countries after Saudi Arabia, Bahrain and the United Arab Emirates severed ties over Doha’s alleged support for militant groups and Iran. The countries have suspended all flights to and from Qatar. Qatar Airways says service ‘unaffected’ by Gulf ban Qatar’s government denies all the allegations. American, for its part, also has had its differences with Qatar Airways, among other Middle Eastern carriers, over state subsidies the US air travel industry believes violate trade agreements. The Qatar stake in American “does not alter American Airlines’ conviction on the need to enforce the Open Skies agreements with the United Arab Emirates and the nation of Qatar and ensure fair competition with Gulf carriers, including Qatar Airways,” American said in the filing. Qatar Airways calls on U.N. body to declare Qatar measures illegal- CNN “American Airlines continues to believe that the President and his administration [Read More…]

Dec 132016
Barcelona beat Al-Ahli in eight-goal friendly

DOHA: Goals from Luiz Suarez, Lionel Messi and Neymar helped Barcelona beat Saudi champions Al-Ahli 5-3 in a thrilling friendly in Doha on Tuesday. The superstar trio all scored by the 17th minute, helping the Spanish giants to stroll into an early three-goal lead. And perhaps more importantly for Barcelona, it also ensured all three could be substituted by the 32nd minute to allay any injury fears ahead of the Catalan derby against Espanyol on Sunday. Suarez opened the scoring with a glancing header in the eight minute from a Messi cross, before the Argentine quickly added a second just two minutes later. Neymar, who had been struggling with a muscle strain since the Clasico against Real Madrid earlier this month, netted a fine third with a curling shot in the 17th minute. Further goals from Paco Alcacer and Rafinha meant the La Liga champions were able to withstand a second-half comeback from the Saudi side. Among the scorers for Al-Alhi was Omar Abdulrahman, AFC player of the year for 2016, who plays his football in the UAE but was allowed to turn out for the Saudis for the friendly. He scored with a “Panenka” penalty in the 51st minute after Barcelona goalkeeper Jordi Masip gave away the spot-kick. The keeper may have been the only Barca player who did not enjoy the run-out in Qatar as he was also easily beaten at the near post for Al-Ahli’s second, scored by Muhannad Assiri. The game was being played as part [Read More…]

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