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Qatar Petroleum CEO Saad Al-Kaabi
March 6th, 2026 - 01:32 GMT
Osama Ali

Osama Ali

Qatar's energy minister warns world economy may face collapse within weeks

ALBAWABA - Saad Al-Kaabi, Qatar's Energy Minister, said that the current conflict in the Middle East could mess up energy markets around the world and could force Gulf producers to stop exporting energy within weeks. Al-Kaabi told the Financial Times that the situation in the region was getting worse, which could make oil prices go as high as $150 per barrel if energy supply and shipping routes are still in ...
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The pier at the Al-Ahmadi refinery in Kuwait. Kuwait's economy is shifting drastically as oil prices continue to drop. (AFP/Yasser Al-Zayyat)
February 16th, 2016 - 10:30 GMT

Kuwait fights budget deficit: Reexamining government salaries, expatriate labor

Tunisia is facing its unemployment and economic problems directly. (File)
February 16th, 2016 - 10:30 GMT

Tunisian Confederation of Industry, Trade, and Handicrafts fights nationwide unemployment levels

Jordan is classified as an energy-intensive country as its energy consumption is high even when compared to industrial countries. (File photo)
February 16th, 2016 - 10:00 GMT

Renewable energy projects welcomed in Jordan

Construction costs continue to drop in Dubai, making expansion cheaper and more accessible. (File)
February 16th, 2016 - 09:30 GMT

Construction costs fall in Dubai

Tehran, the capital of Iran, is becoming a major international tourist hotspot. (File)
February 16th, 2016 - 09:00 GMT

Western tourists flock to Iran, could generate $30B in new revenue

The drop from $120 per barrel in 2014 to under $35 today is the result of a 2% change in the supply-demand balance. (File photo)
February 16th, 2016 - 08:30 GMT

Oil prices on the brink, could drop below sustainable levels

Participants in the Middle East Fraud Conference. (Twitter)
February 16th, 2016 - 07:00 GMT

Middle East Fraud Conference tackles recession fears

An aerial shot of Dubai. (YouTube)
February 16th, 2016 - 05:00 GMT

Businessmen tortured in UAE

A rendering shows proposed plans for Oman's rail system. (Oman Daily Observer)
February 15th, 2016 - 01:00 GMT

Oman to focus on local, not regional railway

Middle income families in Saudi Arabia are likely to feel the impact of increased prices the most. (File photo)
February 15th, 2016 - 12:00 GMT

Experts: Middle income group will be hit hardest by rising prices

Under a new ruling, UK public bodies will no longer have the right to boycott goods and services from Israeli settlements in the West Bank. (File Photo)
February 15th, 2016 - 11:00 GMT

UK local councils, students to be banned from boycotting Israeli goods

The financing will also support a program to extend rotating loans to citizens to start their own projects. (Shutterstock)
February 15th, 2016 - 10:00 GMT

Jordan: $338 million allocated for health, infrastructure development in governorates

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