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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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Kuwait is the only GCC country that has not yet raised fuel prices. (Imgarcade)
February 9th, 2016 - 12:00 GMT

Slowdown be damned: Kuwait to pay $616M in bonuses despite $38B deficit

A spokesman for the Iraqi embassy in the US denied that Baghdad has ever withheld US military aid to the Peshmerga. (File photo)
February 9th, 2016 - 11:00 GMT

Peshmerga need $300M monthly for Daesh fight as salaries remain unpaid

Iran's plan to boost oil production cloud prospects for a major rebound in crude oil prices. (File photo)
February 9th, 2016 - 10:00 GMT

Oil dips again as Saudi-Venezuelan talks make no mention of production cuts

A new 'Minister of State for Happiness' will have the  mission to channel policies and plans to achieve a happier society. (Dubai Media Office)
February 9th, 2016 - 09:00 GMT

UAE government shakeup paves way for private sector

The first-of-its-kind project will be constructed over 250,000sqm of land, located 5km away from Al Mabailah exit at the express way. (Skyscraper City)
February 9th, 2016 - 08:00 GMT

Oman's new $260M industrial city to be ready by 2018

QP have bought the 30% interest in Chevron's deep-water leases for exploration in Cap Rhir Deep, Cap Cantin Deep and Cap Walidia Deep. (Caspian Explorer)
February 9th, 2016 - 07:00 GMT

Qatar Petroleum buys stake in Chevron Morocco for offshore exploration

The personal information of everything from contractors to special agents was released. (File photo)
February 9th, 2016 - 07:00 GMT

US Homeland Security hacked by pro-Palestinian activists

GCC Secretary-General Dr. Abdullatif Al Zayani speaking at the World Government Summit in Dubai. (EAY)
February 9th, 2016 - 05:02 GMT

World Government Summit: Five key challenges for the Arab world

Saudi is encouraging FDI in order to balance its $98B budget deficit. (File photo)
February 8th, 2016 - 02:00 GMT

Saudi considers lifting local partnership barriers for FDI

Electrosteel's business of distributing the company’s products is logistically demanding, and involves a high cost with transporting huge volumes of cargo. (Electrosteel Castings)
February 8th, 2016 - 01:00 GMT

Bahrain, India's Electrosteel Castings inaugurate $6.6M hub

Sharm El Sheikh has been suffering huge loses and low occupancy rates. (Middle East Collection)
February 8th, 2016 - 12:00 GMT

Egypt's Sharm needs mega-projects for tourism boost: IDBE chairman

Barack Obama has sent a video of congratulations to the UAE as it hosts the three-day event, during which Sheikh Mohammed is expected to announce major structural changes in the government. (Image courtesy of Trade Arabia)
February 8th, 2016 - 11:04 GMT

World Government Summit kicks off in Dubai

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