Economies such as Qatar, Iraq, Libya and Saudi Arabia will be hit hardest by the more than 50 per cent decline in petroleum prices, the IMF said.
The minister said that OPEC’s policy might temporarily force high-cost producers out of the market but they would eventually come back.
Houthi leader Abdel-Malek al-Houthi warned President Abd-Rabbu Mansour Hadi that he had to implement a power-sharing deal.
Business confidence was notably down in oil producing countries across the world due to falling crude prices, the survey said.
The region’s deal values were mainly driven by outbound M&A activity, a report says.
Dubai’s index added 1.2 per cent, with Dubai Islamic Bank’s (DIB) 2.8 per cent gain the main support.
The two sides have been talking about the visit for about 18 months, and a date had been tentatively set for last October.
Dubai’s bourse added 1.6 per cent as most stocks gained.
The U.S. military has said it is planning to send more than 400 troops to train Syrian moderates outside the country.
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.
OPEC forecast demand for the group’s oil will drop to 28.78 million barrels per day (bpd) in 2015.
The revised bid values Arab Dairy at 363 million Egyptian pounds ($50.5 million) against $49.68 million for the latest Pioneer offer.
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.
Charlie Hebdo’s “survivor’s edition” swiftly sold out its multi-million copy print run in France.
Oil prices have collapsed about 60 per cent in the last six months.
Last September, Dana said it had signed a deal with Egypt that would help it recover most of the money it was owed.
Oil slid in early Asian trade on Wednesday after touching its lowest in nearly six years in the previous session.
The minister did not specify how the new laws would work, but said details would be released soon.
Iranian president said that oil producers such as Saudi Arabia and Kuwait will suffer more than Iran from the falling oil prices.
Up to 45 per cent of IDH could be listed, the company said.
The move is part of a wider Middle East expansion plan to open 55 new branches this year.
rent crude oil dropped into the $46 area in Asian hours on Tuesday, near a six-year low.
Several regional companies published positive fourth-quarter earnings.
Rail projects across the GCC are expected to fuel intra-regional trade while helping reduce fuel consumption.
The UAE accounted for 54 per cent of BMW’s sales in the Middle East, followed by Saudi Arabia and Kuwait.
Industries Qatar fell its daily 10 per cent limit and was the main drag on Qatar’s index, which dropped 2.3 per cent.
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.
Pioneers, a financial firm that already owns 25 per cent of Arab Dairy, is in a bidding war with Lactalis for Egypt’s Arab Diary.
Middle Eastern air cargo carriers also saw a 17.1 per cent increase in capacity in November, IATA said.
The storm is forecast to last several days, threatening further disruption in Lebanon, Syria, Turkey, Jordan, Israel, the West Bank and the Gaza Strip.