Wednesday 25 April 2018

Woqod raises foreign ownership to 49pc

Qatar Fuel (Woqod) has increased the percentage of non-Qatari ownership to 49 per cent and also raised the maximum limit of individual ownership to 1 per cent of Woqod share capital. Chief executive officer of Qatar Fuel, Saad Rashid Al-Muhannadi indicated that this recommendatio


Bahrain oil find will drive private investments: Moody’s

The discovery of hydrocarbon deposits containing at least 80 billion barrels of tight oil and 10-20 trillion cubic feet of deep natural gas in a new offshore field off the west coast of Bahrain – if verified by an international oil consortium as being technically and economically recove


Higher oil prices ‘won’t impact GCC credit profiles’

The GCC countries' creditworthiness will remain driven by government responses to economic, fiscal and external challenges rather than the recent rise in oil prices, said Moody’s in a new report. "Our expectations for the evolution of sovereign credit profiles have


Acwa, Engie in race for 400MW Saudi wind power project

Leading industry giants Acwa Power, the renewable energy units of European utilities Electricite de France and Enel and Engie’s International Power are the main bidders for Saudi Arabia's first wind-power project, reported Bloomberg, citing the Energy Ministry’s Renewab

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