Iraqi Oil Minister Ihsan Abdul Jabbar expects oil prices to reach around $60 in the second quarter of 2021, he said in an interview with Iraq’s Sharqiya TV on Friday.

The organisers of Expo 2020 Dubai said yesterday they are committed to hosting the event which was postponed for a year due to coronavirus, but are ready for all possible scenarios amid a new global wave of the pandemic.

American automakers are asking the US government to help solve a debilitating shortage of computer chips that is closing auto factories worldwide and could restrict production until the fall.

GCC equity markets will likely continue to be influenced by their global peers, geopolitical factors, oil market stability, implementation of structural reforms and ultimately the pace of the economic recovery in the region

Subsequent to the successful listing of QLM’s stock at the Qatar Stock Exchange (QSE), followed by withdrawal of parental guarantee by QIC, S&P Global Ratings has reassigned its ‘A negative’ issuer credit and financial strength ratings on QLM Life and Medical Insurance Company

The US-Qatar Business Council (USQBC) has welcomed the Al-Ula solidarity agreement signed on the sidelines of the 41st session of the Supreme Council of the Co-operation Council for the Arab States of the Gulf (GCC) held in Al-Ula, Saudi Arabia.

HSBC is experiencing a sense of optimism for growth in the country, says Abdul Hakeem Mostafawi, CEO in Qatar.

Most of AirAsia X Bhd’s (AAX) lessors support a restructuring plan, and the Malaysian airline has received interest from potential investors for fundraising after reorganisation, court documents filed this month show.

China’s economy grew last year at its slowest pace since transformative market reforms of the 1970s, according to an AFP poll of economists, but finished the year strongly on an accelerating coronavirus recovery.

Britain’s economy shrank in November as it went into a new lockdown, but the decline was smaller than expected as businesses adjusted to social distancing and schools remained open, making a double-dip recession less likely.

Total yesterday became the first major energy company to quit the main US oil and gas lobby due to disagreements over its climate policies and support for easing drilling regulations.

The outlook for US shale oil is slightly more “optimistic” due to rising prices and output will recover further in the second half of 2021, Opec has said, in a sign its policy of cutting output is helping rivals pump more.