Although the GCC described the Houthis’ actions as terrorism, they stopped short of promising any measure to counter the group in Sanaa.
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.
AQAP claimed responsibility for the attack on Charlie Hebdo satirical newspaper in Paris this month that killed 17 people.
Saudi has come under pressure from Western countries over its punishment of activist and writer Raif Badawi.
Global growth is projected at 3.5 per cent for 2015, the IMF said, reducing its forecast by 0.3 percentage points.
The region’s deal values were mainly driven by outbound M&A activity, a report says.
Bengaluru-based ZipDial gives clients phone numbers for use in marketing campaigns.
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.
The global aviation sector’s growth trajectory remains intact despite headwinds.
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.
India tops the list with 21 holidays; UAE ranks lower with 11 public breaks in a year.
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.
Last September, Dana said it had signed a deal with Egypt that would help it recover most of the money it was owed.
Oil tumbled five per cent on Tuesday, with global benchmark Brent briefly trading at par to U.S. prices for the first time in three months.
Oil slid in early Asian trade on Wednesday after touching its lowest in nearly six years in the previous session.
They discussed global oil markets and cooperation on energy and environmental issues, climate change and solar energy use.
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.