Economies in the Middle East and North Africa (MENA) region are expected to grow by 5.2% in 2022, the fastest rate since 2016, on the back of oil-price windfalls benefitting the region’s oil exporters. But heightened uncertainty surrounds this forecast due to the war in Ukraine and ongoing threats from …
India has offered Qatar stake in some of the major petro projects, including the petrochemicals complex at Dahej in Gujarat, Indian Oil Corporation's (IOC's) LNG project in Ennore, Tamil Nadu, BPCL's petrochemical project in Kochi, petrochemical project in Mangalore and investment opportunity in the Paradip refinery and petrochemical project to …
India and Qatar have signed an initial pact for co-operation in the energy sector. The objective of the memorandum of understanding is to establish a framework to facilitate and enhance bilateral co-operation in the sector, a statement issued by the Foreign Ministry here on Monday said. It envisages co-operation in …
Global planemaker Airbus joined a chorus of concern that a European scheme to charge airlines for carbon emissions risks triggering a full-blown trade war, with implications for plane deals and even Europe's crippling sovereign debt crisis. The EU's Emissions Trading Scheme (ETS), introduced on January 1, has drawn howls of …
Pakistan and Qatar are likely to sign two Memoranda of Understanding (MoUs) according to which the two countries will jointly explore development of hydropower, identification of sources of financing, exploration of investment opportunities in energy sector, rehabilitation of existing hydropower plants and construction of National Highway and Motorway infrastructure, official …
Qatar, the world’s biggest per capita emitter of carbon dioxide, will host the 2012 round of UN talks tasked with beating back the mounting threat of global warming, the UN’s top climate official said Tuesday. ‘The COP18 will be hosted next year in Qatar,’ Christina Figueres, executive secretary of the …
Twenty-six nations are expected to lodge a formal protest on Wednesday against a European Union law to make airlines pay for carbon emissions -- adding to transatlantic tension on an issue that has triggered a tit-for-tat bill in the Congress. Under EU legislation, from January 1 all flights to or …
The ambitious $10-billion project to connect Gulf nations through a modern rail network, stretching over 2,000 km, is expected to become operational by 2018, with authorities working to ensure that construction starts on it by 2014. Authorities across the Gulf Cooperation Council (GCC) want the project to provide cost-effective means …
Iran has suspended a $16 billion gas field contract with China in the Gulf to push it to meet its obligations in another nearby field that is already being tapped by Qatar, the Mehr news agency reported on Tuesday. It quoted the managing director of the Pars Oil and Gas …
Gulf Cooperation Council (GCC) countries are set to spend around $54 billion in the near future to increase the capacity of their electricity networks by 32,000 MW, a new report has said. The report issued by the Kuwait Financial Centre (Markaz) indicates that the GCC states — namely Oman, Qatar, …
The UAE has the potential to invest up to $76 billion in projects to develop its hydrocarbon sector over the next five years to become the second largest Arab energy investor after Saudi Arabia, overtaking Iran, a news report has said. Official estimates showed energy capital investments in the Middle …
This was announced by the CEO of Sheikh Thani bin Abdullah Foundation for Humanitarian Services (RAF), Qatar, on Friday at a press conference. Ayez Qahtani said that the foundation has spent $30 million on emergency and relief assistant for flood affectees of 2010 and planned to contribute for the rebuilding …
German agricultural authorities on Sunday identified locally grown bean sprouts as the likely cause of the deadly E coli outbreak that has killed 22 people and sickened over 2,200 others in Europe. The Lower Saxony agriculture ministry sent an alert on Sunday warning people to stop eating the sprouts, Ministry …
The drab and dull climate meetings in Bonn finally saw some sparks of excitement on Thursday when the grouping of small island states sparred with oil producing nations led by Saudi Arabia over the need to have a scientific evaluation done on options for restricting the global rise in temperatures …
Some of the Arabian Gulf states are busy developing several large, reclaimed islands and offshore townships. These structures are undoubtedly futuristic and the ideas are quite novel. However, there are serious issues of long-term sustainability of these townships. This article reviews and discusses natural hazards that have struck this region …
Rising oil prices is forcing Gulf states to invest in gas production. Some analysts estimate that the cumulative supply shortfall for the six countries of the Gulf Co-operation Council up to 2015 will reach at least 7,000bn cubic feet. To put the number into perspective, according to BP the UK's …
