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Arabian Gulf

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IMF lowers Gulf economic growth forecast with ‘substantial measures needed’

25/04/2016(0)
Growth in the Arabian Gulf will slow to 1.8 per cent this year as low oil prices take their toll on budgets, which will lose $140 billion in export ... Read More
Iraq gas

Iraq exports first natural gas shipment in its history

21/03/2016(0)
Iraq has exported the first shipment of natural gas in its history, a key development for the OPEC member. The move revives a long-sought ambition by Iraq to be ... Read More
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UAE energy minister says urgent need to cut subsidies in the region as oil prices decline

05/10/2015(0)
There is an urgent need to cut regional energy subsidies as government budgets are squeezed by slumping oil prices, the UAE Minister for Energy said on Sunday. Opening an ... Read More
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Gulf businesses expect to keep hiring despite lower oil price

28/09/2015(0)
Businesses operating in the Arabian Gulf have so far shrugged off the impact of lower oil prices on their hiring policies, with 80 per cent of them expected to ... Read More
oil platform

Time for state energy companies in Middle East to rethink overseas strategies

06/07/2015(0)
The long, hot summer is usually a quiet period in the Arabian Gulf. But this season marks some dramatic changes for Middle East state energy companies and their overseas ... Read More
abu dhabi

Oil price slide threatens energy subsidies in Arabian Gulf states

10/11/2014(0)
Low oil prices may lead Arabian Gulf states to issue additional debt and cut energy subsidies, according to the ratings agency Standard and Poor’s. “If there’s a prolonged oil ... Read More
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