Monday, December 10, 2012
OPEC gathers in Vienna this week for a ministerial meeting to decide on the cartel's oil production ceiling, as a predicted drop in demand risks weighing on high crude prices despite Middle East unrest.
Wednesday, December 5, 2012
British retail sales edged up in November, though by less than analysts were expecting, as shoppers hunted for cheap Christmas gifts, the British Retail Consortium said on Tuesday.
Tuesday, December 4, 2012
OPEC member Qatar will ask firms to tender for a 1,800 megawatt (MW) solar energy plant in 2014 costing between US$10-20 billion as the world's highest per capita greenhouse gas emitter seeks to increase its renewable energy production.
Monday, December 3, 2012
Dubai is back in the business of unveiling mega projects, three years after a severe financial crisis crippled its booming property sector, but doubts still linger over finance and feasibility.
Monday, November 26, 2012
Dubai announced plans for a huge tourism and retail development including the largest shopping mall in the world, a fresh sign that the glitzy emirate has recovered its commercial ambitions after a crippling corporate debt crisis three years ago.
Thursday, November 22, 2012
South Sudanese President Salva Kiir has said the restarting of oil production crucial to the fledgling nation's economy is stalled after rival Sudan made further demands.
Thursday, November 15, 2012
Egypt's prime minister laid out Tuesday his government's economic program, aiming to increase a sagging growth rate, restructure an expensive subsidy system and deal with a crippling budget deficit as the country negotiates a US$4.8 billion loan from the International Monetary Fund.
Monday, November 12, 2012
Most economies hit by the Arab Spring uprisings will recover slowly next year, grappling with high inflation and rising unemployment due to poor global conditions, the International Monetary Fund predicted in a report on Sunday.
Thursday, November 8, 2012
Gas-rich Qatar may invest up to 10 billion euros (US$12 billion) in big French firms, the ambassador of the Gulf state in France told AFP on Tuesday.
Tuesday, November 6, 2012
Iraq on Monday signed a five-year deal with Pakistan Petroleum for the company to explore a massive tract of land believed to contain gas, the latest step in Baghdad's efforts to boost energy output.