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‘Pressure on Qatar state finances easing but austerity needed’

  Reuters Pressure on Qatar’s state finances is easing because of higher oil prices and the government may not need to issue an international bond this year, but it is still seeking ways to save money, finance minister Ali Sherif al-Emadi said. “We may not issue a bond this year given where oil prices are – right now we are ...

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Qatar ‘very comfortable’ with current oil prices

  Reuters Qatar hasn’t made a decision on whether to sell debt, with current oil prices close to the level the country needs to finance spending, according to Finance Minister Ali Al Emadi. “We feel very comfortable,” Al Emadi told reporters in Doha, adding that Qatar is spending about $500 million a week on capital projects. The economy will grow ...

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Rio Tinto swings to biggest gain since 2013 on iron rally

  Bloomberg Rio Tinto Group is delivering on a promise to reward investors as it emerges from an industry-wide downturn by paying out a bigger-than-expected dividend and announcing a surprise $500 million share buyback. Last year’s 81 percent surge in iron ore prices helped the world’s second-biggest mining company report its first gain in annual profit since 2013, exceeding analysts’ ...

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