Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
DUBAI Qatari banks may need more cash injections from the state and new sources of funding from outside the Gulf region because of the risk of more withdrawals by banks and investors from the Saudi-led group that is locked in a bitter dispute with Qatar.
DOHA A boycott imposed by four Arab nations that accuse Qatar of supporting terrorism is squeezing the tourism sector and Doha's hotels which would normally be full in the Eid al-Fitr holiday have seen steep falls in their occupancy rates.
DUBAI/DOHA International businesses are being caught in the crossfire of Qatar's dispute with its Arab neighbors as it delays shipments, lengthens travel times and prompts contingency plans in case the crisis deepens. The feud between Arab powers threatens to undermine the region's progress in positioning itself as business friendly and raises concerns that some firms may be forced to pick sides.
DUBAI/DOHA International businesses are being caught in the crossfire of Qatar's dispute with its Arab neighbours as it delays shipments, lengthens travel times and prompts contingency plans in case the crisis deepens. The feud between Arab powers threatens to undermine the region's progress in positioning itself as business friendly and raises concerns that some firms may be forced to pick sides. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar on June 5 and imposed economic sanctions, accusing it of funding terrorism, a claim Qatar rejects. Many multinational businesses, from builders to law firms and banks, have a base in Dubai from where they serve the region, including Qatar.
DUBAI/ABU DHABI Economic sanctions and poor liquidity have created chaos in the foreign exchange market for Qatari riyals, with the currency trading far below its peg to the U.S. dollar this week, but bankers in the region believe the peg remains solid.
DOHA, June 22 Executives working on a three-way bank merger in Qatar to create the country's second largest lender expect to finish valuing the deal in the coming weeks and aim to complete it by the end of the year, sources familiar with the matter said.
DOHA The Qatar Stock Exchange on Wednesday said it believed some institutional investors from Saudi Arabia, the UAE and Bahrain dumped shares to drive down the Qatari stock market in the wake of the diplomatic rift between Qatar and its Arab neighbours.
DOHA Qatar's sovereign wealth fund made U.S. dollar deposits in some local banks last week as a precaution after Saudi Arabia and other Gulf states cut diplomatic and transport ties with Doha, Qatari commercial bankers said.
DUBAI A few large Asian, European and U.S. banks are providing funds to help to keep Qatari banks running smoothly after a diplomatic rift has dried up financing from the United Arab Emirates, Bahrain and Saudi Arabia, banking sources said.
DUBAI, June 12 Egypt's EFG Hermes wants to enter Nigeria through an acquisition and expects to get regulatory approval to start a brokerage business in Kenya this year as part of a big push into frontier markets, a senior executive told Reuters on Monday.