Saturday 11 May 2024
 
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Low oil price

Qatar in talks for sovereign sukuk issue in March

The government of Qatar is in talks with banks about a sovereign sukuk issue, sources aware of the matter said on Monday, as the Gulf nation returns to international debt markets to shore up state finances pressured by low energy prices.

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Low oil 'no threat to $1bn Qatar mega mall'

The developer behind the huge shopping mall under construction in Qatar sees no risk to the $1 billion project from the low oil price and expects to have signed up retailers for all the space by the end of the year. Shem Krey, dep

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GCC to pursue plan for value-added tax

Officials of the six-nation Gulf Cooperation Council agreed at the weekend to keep working towards the introduction of a value-added tax around the region, in a sign that low oil prices may be strengthening support for the idea. A

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Lower oil prices will blunt drive for fuel efficiency

For a decade, high and rising prices have created a strong incentive to use oil-derived fuels more sparingly. By the end of 2012, efficiency improvements, substitution, and changes in behaviour had cut oil consumption in the advan

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