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Gulf Arabs Take Fitful Steps to End Qatar Squabble

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(Bloomberg) --Qatar isn’t currently in talks with the United Arab Emirates over mending a 30-month regional diplomatic and economic rift, Qatari Foreign Minister Mohammed...

World Bank asks GCC economies to focus on environmental sustainability as growth slumps

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The economic growth in the Gulf Cooperation Council (GCC) is estimated to drop to 0.8 per cent in 2019 as compared to 2 per...
Oil prices

Biggest LNG producer targets 64% jump in capacity by 2027

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(Bloomberg) --Qatar, the world’s biggest supplier of liquefied natural gas, plans to boost output capacity by almost two thirds after it adds production facilities...

Saudi stocks lead Gulf losses as banking shares fall

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(Bloomberg) --Saudi Arabia’s main equity index fell the most in the Gulf on Sunday ahead of Saudi Aramco’s giant listing. The Tadawul All Shares Index...

Gulf rate cuts in wake of Federal Reserve are finally joined by Kuwait

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(Bloomberg) --Kuwait joined a round of monetary easing in the Gulf for the first time this year as regional central banks followed the U.S....
banking finance

Gulf’s Holdout on Rates Is About to Jump on Fed Easing Bandwagon

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(Bloomberg) --The only Gulf Arab central bank with an unpredictable monetary policy might finally fall in line this week. In a region where most countries...

Dubai Is Facing a ‘Disaster’ From Overbuilding, Top Developer Claims

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(Bloomberg) --Dubai needs to halt all new home construction for one or two years to avert an economic disaster brought on by continued oversupply,...

MENA economies on top in World Bank’s Ease of Doing Business 2020 report

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Economies in the Middle East and North Africa (MENA) region emerged on the top in World Bank’s Doing Business 2020 report for implementing the...
offshore oil rig

OPEC Gulf Tracker: Flow Hits Four-Month High as Exporters Fret

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(Bloomberg) -- OPEC’s Middle East oil exporters boosted crude supplies to their highest level in four months in August, even as the group’s biggest...
al jaber; dubai

Dubai Halts Mega-Airport Project as Gulf Economies Stumble

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Work on Dubai’s Al Maktoum airport, designed to be one of the world’s biggest with an annual capacity of more than 250 million passengers,...