Brent crude fell to a fresh four-year low under $72 a barrel on Friday after Opec decided not to cut output, a move investors said would leave oil markets heavily oversupplied.
Saudi Arabia blocked calls from poorer members of the
Brent crude edged above $78 a barrel on Friday but remained close to a four-year low because of concern over excess supply and uncertainty over whether oil cartel Opec would cut production at a meeting in two weeks.
Brent crude futures fell below $90 a barrel on Friday, close to a four-year low, as rising supply and more grim economic news stretched a months-long slump in oil prices.
US crude also slumped nearly $2 to hit its lowest since 201
Gulf banks have shown healthy earnings growth over the last year and a half despite historically low interest rates, according to a new Standard & Poor’s Ratings Services report.
The report titled ‘Economic Recover
The risk of transmission of Ebola virus disease during air travel remains low, the World Health Organization (WHO) has reiterated.
“Unlike infections such as influenza or tuberculosis, Ebola is not airborne,” sai
Qatar International Petroleum Marketing Company (Tasweeq), has offered its first ultra-low-sulphur diesel cargo for export from a new secondary unit at its Laffan refinery, industry sources said.
The product could eventually displace th
Qatar's state spending increased 12.7 per cent last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure offset a sharp rise in funds spent on infrastructure projects, data showed o
Low occupancy rates have delayed work on a $75 million labour town built within the Bahrain Investment Wharf (BIW) in Hidd.
The project's first phase has been completed, but only around 50 per cent of the d
The oil production from the Organization of the Petroleum Exporting Countries (Opec) plunged 550,000 b/d from February to 29.56 million b/d in March - its lowest level since mid-2011, according to the latest Platts survey of Opec and oil industr
The prime rents in Dubai rose 13.6 per cent last year, while the lease rates are still below 50 per cent of those found in London and New York, said a report.
"Prime rents in Dubai ended the year almost 14