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‘Qatar’s plans will be unaffected by lower oil prices’Qatar’s plans will not be affected by lower oil price, but there may be more opportunities for private finance to play a role in the country’s infrastructure, according to experts. Mamoon Alameen, a specialist on proje More… |
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Saudi to hike April crude selling price for AsiaTop oil exporter Saudi Arabia is expected to raise the official selling price (OSP) for most of its crude grades to Asia in April, including a hike in the OSP for Arab Light to a four-month top, in line with a stronger Dubai market. More… |
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Oil price decline 'has caused knock-on effect'Oil prices are an essential component of the revenue structure for most regional economies and an essential lifeline for those who rely on oil production revenue, according to an expert. During an interview with Euromoney Conferen More… |
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Oil price decline 'has caused knock-on effect'Oil prices are an essential component of the revenue structure for most regional economies and an essential lifeline for those who rely on oil production revenue, according to an expert. During an interview with Euromoney Conferen More… |
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Gulf states have failed to diversify: Qatar cbankerRich Gulf Arab countries have so far failed to diversify their economies away from oil revenue and some may eventually face political challenges as a result, a senior Qatar central bank official said on Tuesday. The comments by Kh More… |
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Oil prices fall as oversupply adds pressureOil prices fell on Monday as worries about oversupply in North America and a strong dollar pushed Brent futures towards $59 a barrel and US contracts below $49 a barrel. After an initial rise along with global markets on optimism More… |
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Qatar house rents up 20pc, ‘may stabilise amid demand’Residential property rents in Qatar have increased 20 per cent over last year, but the oil price crash may help stabilise the market and prevent an unreasonable further hike, according to a report. The falling oil prices, however, More… |
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Dubai property market strengthens with rising US dollarDubai property has more room for price escalation, driven by quality of life, world-class infrastructure, and wages rates, which are all key factors to compete with other global cities such as Paris (France) and London (UK), according to a recen More… |
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Reforms needed to rein in deficit in Lebanon: Bank AudiStructural reforms need to be implemented by Lebanese authorities to stimulate the economy and reduce the fiscal deficit, and not bank on the decline in oil prices alone, according to a recent report. Bank Audi’s Lebanon Eco More… |
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Rolls-Royce says profits could fall 13pc this yearBritish engineer Rolls-Royce has warned profits this year could fall by as much as 13 per cent on top of an eight per cent drop last year, saying the low oil price had increased uncertainty for many of its markets and customers. T More… |
