Industry
For the whole of 2015, the IEA raised its estimate of the demand for OPEC crude by 300,000 bpd to 29.2 million bpd.
The discontent among Bahrain’s Shi’ite masses has worsened since the arrest of Sheikh Ali Salman, a Shi’ite Muslim cleric.
The global aviation sector’s growth trajectory remains intact despite headwinds.
The proposed expansion would boost the capacity of the Sitra refinery by 100,000 barrels per day, BAPCO’s CEO said.
There were no casualties and limited damage was caused, state news agency KUNA said.
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 project has a net power capacity of 200 MW and is the largest utility scale solar plant in the world to be tendered in a single phase
Bank Muscat made a profit of OMR36.5 million ($94.8 million) in the last quarter of 2014.
The firm made a net profit of OMR1.7 million ($4.4 million) in the last quarter of 2014.
The company did not specify where the shipment was headed to.
The carrier will sell aircraft from Sahaab Aircraft Leasing to a joint venture between South Africa’s Investec Bank and Hong Kong-based Chow Tai Fook Enterprises.
Qatar was the most expensive construction market in the Middle East region in 2014, according to a study by EC Harris.
The revised bid values Arab Dairy at 363 million Egyptian pounds ($50.5 million) against $49.68 million for the latest Pioneer offer.
A consortium of Saudi Arabia’s ACWA Power and Spain’s TSK had been selected as the preferred bidder to build the 200MW solar power plant.
Solar projects having capacity to produce up to 1,800 megawatts of power are to be awarded over the next 12 months in the region.
Emaar sold a 15.4 per cent stake in its retailing unit in an initial public offer in September, raising $1.6 billion.
The decrease was the sixth straight drop in quarterly profit posted by the bank.
The developer will launch for lease 1.5 million sqft of shopping, dining and entertainment space at the mall from January 18.
Wednesday’s 4.5 per cent surge in Brent crude futures was the biggest percentage gain since June 2012.
The first of the Doha carrier’s 80 A350s has entered service to Frankfurt
Americana, backed by Kuwait’s billionaire al-Kharafi family, operates franchises for restaurant chains around the region.
Charlie Hebdo’s “survivor’s edition” swiftly sold out its multi-million copy print run in France.
Net profit for the full year was down 30.6 per cent year-on-year to OMR40.5 million.
Net profit in 2014 was OMR163.2 million, up 7.3 per cent from the previous year.
Emaar said the pricing on the loan had fallen by 1.5 per cent.
Oil prices have collapsed about 60 per cent in the last six months.
The Korean firm is looking to gain access to BlackBerry’s valuable patent portfolio.
Abu Dhabi Investment Authority is pursuing a second arbitration over its $7.5 billion investment in Citigroup in late 2007.
The lender made a net profit of SAR1.83 billion($487.6 million) in the last quarter of 2014.