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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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A model shows construction plans for Egypt's new capital city, another major administrative city project. (File photo)
February 15th, 2016 - 09:00 GMT

Egypt to construct over 450,000 housing units for workers in new administrative cities

The investment is also expected to help reduce greenhouse gas emissions in Lebanon. (Shutterstock)
February 15th, 2016 - 08:30 GMT

Lebanon gets $7 million IFC loan to support clean energy, address energy shortage

The Khazzan reservoirs have the potential to be a major new supply of gas for Oman. (Shutterstock)
February 15th, 2016 - 07:00 GMT

BP to develop next phase of Oman's Khazzan gas field

After overcharging for natural gas over a four-year period, Iran has agreed to pay Turkey back, either in the form of cash or more natural gas supplies. (Shutterstock)
February 15th, 2016 - 06:00 GMT

Iran to pay Turkey in gas or cash from arbitration over prices

New market research shows UAE residents are spending more prudently and putting away extra cash. (Shutterstock)
February 15th, 2016 - 05:00 GMT

UAE consumers reign in shopping with recession sentiments on the rise

While global trade remains sluggish, emerging markets and stabilizing employment figures should boost growth. (File photo)
February 14th, 2016 - 01:00 GMT

Expert: 2016 hopeful for steady economic growth worldwide

Minister of Planning and International Cooperation Imad Fakhoury meets with representatives of the private sector in Amman. (Photo courtesy of Ministry of Planning and International Cooperation)
February 14th, 2016 - 12:00 GMT

Jordan set to review economic laws impacting private sector

The eight-lane, 62-kilometre highway is an extension of Mohammad Bin Zayed Road. (File photo)
February 14th, 2016 - 11:00 GMT

Life is a highway: Alternative Dubai-Abu Dhabi route underway

Educational leaders in GCC countries plan to continue investing in technology to raise the quality of education for students. (Shutterstock)
February 14th, 2016 - 10:00 GMT

Education spending to hit $150 billion in IT for advanced learning

Employees work at the Siba oil field from Egypt's state-owned Petrojet in southern Iraq, 30 kilometers south of Basra, on February 5, 2016. (AFP/Haidar Mohammed Ali)
February 14th, 2016 - 09:00 GMT

How to save the oil industry from itself

A rendering shows the future Omantel headquarters in Muscat, which profits from the $130 million sukuk would help fund when issued. (HDR Inc.)
February 14th, 2016 - 08:00 GMT

Omantel postpones $130 million sukuk over high interest rates

Although consumer confidence declined overall for the Middle East region, it rose one percentage point for the UAE. (File photo)
February 14th, 2016 - 07:00 GMT

UAE tops regional consumer confidence despite local recession fears

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