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Abu Dhabi levies airport, hotel taxes to boost revenues ECONOMY

Abu Dhabi levies airport, hotel taxes to boost revenues

Abu Dhabi is introducing taxes on airline passengers and hotel guests as it seeks to compensate for a hit to government revenues from low oil prices.

4:45 AM November 25 2016
Saudi seeks international investors for two solar plants ASIA

Saudi seeks international investors for two solar plants

Saudi Arabia is seeking international investors to build two solar power plants, using a deal structure that could become a model for the kingdom's infrastructure projects ...

4:45 AM November 25 2016
Qatar share index gains 304 points during the week ECONOMY

Qatar share index gains 304 points during the week

Qatar Stock Exchange (QSE) witnessed heavy demand for quality stocks from foreign institutions during the week which also saw oil prices hit an eight-month high.

4:45 AM November 25 2016
Oil falls on stronger dollar; high refinery demand lends support ECONOMY

Oil falls on stronger dollar; high refinery demand lends support

Oil prices fell on Friday, as a stronger dollar pulled crude off the 2016 highs hit this week, although strong refinery demand and global supply disruptions lent some support.

4:45 AM November 25 2016
Qatar share index exceeds the 9,900 mark ECONOMY

Qatar share index exceeds the 9,900 mark

Qatar Stock Exchange on Wednesday surpassed the 9,900 mark, largely reflecting the positive sentiments in the global oil front where crude hit the eight-month high of more than $52 a barrel.

4:45 AM November 25 2016
Oil prices dip as dollar rebounds ECONOMY

Oil prices dip as dollar rebounds

Oil prices edged down slightly Tuesday but held around 11-month highs thanks to a weaker dollar and forecasts for another drop in US inventories.

4:45 AM November 25 2016
Oil prices boosted by dollar slump ECONOMY

Oil prices boosted by dollar slump

Oil prices pushed higher Monday thanks to a softer dollar after last week's well-below-forecast US jobs report, but the gains were limited as producers increased their rig count as the commodity held around the key $50 level.

4:45 AM November 25 2016
Oil slips, but Brent crude holds near $50 on signs of rebalance ECONOMY

Oil slips, but Brent crude holds near $50 on signs of rebalance

Oil prices were slightly lower but Brent crude held around $50 a barrel in choppy trading on Friday on signs the market was moving back to more balanced supply and demand, and on an OPEC meeting viewed as supportive.

4:45 AM November 25 2016
Oil turns positive as US crude drawdown offsets OPEC outcome ECONOMY

Oil turns positive as US crude drawdown offsets OPEC outcome

Oil prices rose on Thursday after data showing a weekly drawdown in US crude stockpiles helped crude markets recover from OPEC's decision not to set a ceiling for its production.

4:45 AM November 25 2016
Opec happy with oil market, Saudi Arabia says ECONOMY

Opec happy with oil market, Saudi Arabia says

Saudi Arabia expressed confidence on Thursday that oil prices will keep recovering, cementing expectations that a divided Opec will decide to keep crude gushing at its meeting in Vienna.

4:45 AM November 25 2016
Airlines forecast to make bigger 2016 profit than expected ECONOMY

Airlines forecast to make bigger 2016 profit than expected

Global airlines should make more money than previously expected this year, the International Air Transport Association said, helped by low oil prices and work by airlines to fill planes and drive ancillary revenues.

4:45 AM November 25 2016
Oil prices dip as Iraq raises exports ECONOMY

Oil prices dip as Iraq raises exports

Oil prices dipped to around $49 a barrel on Monday as Iraq raised its crude exports target ahead of an Opec meeting while Canadian production was set to restart after huge wildfires.

4:45 AM November 25 2016