Tuesday 28 April 2015
 
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hydrocarbon

Qatar GDP on robust track over heavy diversification

Qatar’s real GDP growth will accelerate to 7 per cent in 2015, 7.5 per cent in 2016 and 7.9 per cent in 2017 as the government continues investing heavily in the non-hydrocarbon sector despite lower oil prices, a report said.

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Saudi GDP growth seen at 1.7pc in 2015

The Bank of America (BofA) Merrill Lynch has revised real GDP growth in Saudi Arabia for 2015 down to 1.7 per cent, from 3 per cent, forecasting a real non-hydrocarbon GDP growth of 3.0 per cent. In comparison, real GDP growth and

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Falling oil prices to slow GCC economies growth

Falling oil prices – driven by weaker demand, increased supply and a more powerful US dollar – will pose significant challenges to GCC markets, which have a substantial dependency on commodity exports, said a new report.

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Falling oil prices to slow GCC economies growth

Falling oil prices – driven by weaker demand, increased supply and a more powerful US dollar – will pose significant challenges to GCC markets, which have a substantial dependency on commodity exports, said a new report.

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UAE mulls integration of nuke, green energy sources

The UAE is considering integration of nuclear power with hydrocarbons and sustainable energy sources for power generation, a senior government official said. The country was planning to import large quantities of natural gas to me

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Non-oil tradable sector ‘key for GCC growth’

Non-oil tradable sector ‘key for GCC growth’ A key priority for the Gulf Cooperation Council (GCC) countries is to create a dynamic non-oil tradable sector to support sustainable growth, a report said, adding that sinc

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Qatar's economic growth edges up to 5.7pc in Q2

Qatar's economic growth picked up slightly to 5.7 per cent on an annual basis in the second quarter of this year as robust non-oil activity outweighed a decline in the hydrocarbon sector, official data showed on Tuesday. Real

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Diversification to drive UAE economic growth

The diversification policy of the UAE constitutes an important pillar of the economic performance as it reduces the dependence on oil and supports the real sector, said an industry expert, projecting a 5 per cent economic growth in 2014.

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Essar unit wins $54m Saudi Aramco contract

Leading EPC contractor Essar Projects’ unit Hydrocarbon SBU  has won a $54 million maiden contract from Saudi Arabian national oil company Saudi Aramco, said a report. The project involves the upgradation of a Crude Stabiliza

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Petrotech puts spotlight on mega Mideast projects

Panel discussions at Petrotech 2014 have thus far provided participants with insights into the latest industry developments, the region's mega projects and new technologies. More than 2,500 industry leaders from around the Mid

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