Industry sources in Qatar said that the country was still studying the possibility of investing in Venezuela’s energy, real estate and tourism sectors.
OPEC forecast demand for the group’s oil will drop to 28.78 million barrels per day (bpd) in 2015.
The amended law aims to reduce the gaps in working conditions between the public and private sectors, says labour minister.
Oil slid in early Asian trade on Wednesday after touching its lowest in nearly six years in the previous session.
Iranian president said that oil producers such as Saudi Arabia and Kuwait will suffer more than Iran from the falling oil prices.
UAE Oil Minister Suhail bin Mohammed al-Mazroui said on Tuesday that OPEC’s decision in November not to cut output had been right.
The chief executive said that Marka was also looking at four asset purchases in the food and beverage sector,
The facility will now be operational for Etihad’s early morning flights, EY103 to New York JFK and EY183 to San Francisco.
The two plants are the second phase of the 500 MW Ouarzazate project, which is part of a government plan to produce two gigawatts of solar power by 2020.
Normal operations are expected to resume by later on Thursday afternoon, the spokesman said.
Dubai’s equities index rose 3.1 per cent while shares in bourse operator Dubai Financial Market surged 6.6 per cent.
The minister said on Wednesday that the Oman’s budget assumed oil prices would average $75 per barrel this year.
The witnesses said protest marches in Sheikh Salman’s district of the capital, turned violent, with security forces firing bird-shot and tear gas at the demonstrators.
Brent crude fell as low as $51.23 a barrel on Tuesday, its lowest level since May 2009.
The new plan aims to reduce the total expenditure of the airline by more than OMR100 million over the next three years.
Additional supply from Iraq and Russia have entered the market, offsetting the lack of exports from Libya, experts say.
Many US firms are racing to revamp their policies, cashing in well-placed hedges to increase the number of future barrels hedged, according to industry consultants.
Dubai’s index dropped 3.4 per cent as all but a handful of stocks fell.
Rouhani’s call is in line with his preference for a greater public say on strategic matters, traditionally vested with the Supreme Leader Ayatollah Ali Khamenei.
The GCC needs to integrate into the Silk Road Economic Belt, writes the founder and president of Nasser Saidi & Associates.
Captain Abbas Shaban, Chief Pilot, technical operations at Emirates airline offers a glimpse into how a pilot operates the superjumbo while taking off.
Demand for private jets is on the up in the Middle East, but global economic hurdles, a sizeable grey market and lack of airspace are all pressing concerns.
High freight rates benefit Gulf sellers to Asia.
Pilots who have flown the Indonesia to Singapore route say it’s not unusual for delays to requests to increase altitude to avoid bad weather.
Government expenditure this year is estimated at OMR14.1 billion ($36.6 billion), up 4.5 per cent from last year’s original plan, the ministry said.
The council said that such a tax would have a negative impact on the country’s investment prospects.
The Es Sider terminal and nearby Ras Lanuf stopped working three weeks ago when fighting broke out between rebel groups and government forces.
Supply from OPEC averaged 29.98 million bpd in December, down from a revised 30.25 million bpd in November, according to a survey.
Passenger traffic related to Russia and other countries in the Commonwealth of Independent States plunged 18.2 per cent from a year earlier in November, Dubai Airports said.
Libya is surviving on a mere 128,000 barrels per day from fields connected to the eastern port of Hariga, an oil official said.