Jordan has close ties to the Gulf states and depends heavily on regional heavyweight Saudi Arabia for shoring up its economy.
Dubai’s index, which is the most volatile in the region because of leverage and the dominance of short-term investors, tumbled 5.1 per cent.
The comments appear to counter some market forecasts that the U.S. oil glut may push prices to as low as $20-$30.
The statement comes as human rights group Sherpa filed a complaint against the company violated the rights of workers in its Qatar projects.
Al Hosn Gas is the Shah gas development joint venture by the Abu Dhabi National Oil Company (Adnoc) and U.S.-based Occidental Petroleum.
The statement comes as Sherpa NGO submitted a claim in a French court against Vinci Construction Grand Projects for “forced labour” in Qatar.
The Kingdom is now pumping around 10 million barrels per day – near an all-time high as it looks to grab a bigger share of the oil market.
Riyadh Yaseen has urged the Arab states to set up a no fly zone to counter the growth of Houthis.
Saudi Oil Minister Ali al-Naimi asserted on Sunday that the Kingdom will not curb output to prop up prices.
The airport saw nearly 1.7 million visitors in the month of February, authorities said.
The tournament is held in mid-December every year and was earlier hosted by the UAE in 2009 and 2010.
Actual oil output from the United States could prove harder to beat back, sources say.
Ali al-Omair said the OPEC has to keep output unchanged to sustain marketshare.
Security forces are reportedly surrounding two militants who may have taken hostages in a nearby museum.
The funds will be used to help the company meet commitments at the group and subsidiary levels.
Over $2.5 billion worth of contracts were awarded in Qatar’s hotel and tourism sector last year.
Oil bears may underestimate the hurdles on the diplomatic path to Iran’s return to world energy markets.
OPEC issued a set of production figures as reported to its Vienna Secretariat by member-countries this week, without any countries missing from the total for the first time in months.
Brent crude oil fell to around $54 a barrel on Monday, its lowest for more than a month.
The resort will have 136 rooms, residential villas, a polo academy, a polo club and a riding school.
The conglomerate plans to boost its existing manufacturing facilities and improve R&D in the kingdom.
The company said in a Dubai bourse statement on Monday that it was not involved in developing the planned new capital to the east of Cairo.
Sweden cancelled a defence cooperation accord with Saudi Arabia last week over rights concerns.
Capital City Partners, a private real estate investment fund headed by Emaar Chairman Mohammed Alabbar, will build the new Egyptian city.
The investments include drilling nearly 40 new development wells, a similar number of workovers on existing wells, building new pipelines and debottlenecking an existing plant.
As oil continues its bearish run, the fate of energy shares in Wall Street hangs in balance, writes the global equities investor.
Oil revenues cushion the GCC from any major food crisis but with the region still reliant on imports, countries face real supply chain risks.
Hong Kong will come back stronger from the pro-democracy protests that spooked investors in 2014, experts say.
The move aims to reduce the improper use of drones in the country until adequate regulations are in place.
The Australian government said it is verifying whether 18-year-old Melbourne teenager Jake Bilardi has been killed.