Tags :OPEC+

Economy Energy Featured News Regional

Cap on Crude Oil Output to Continue

Global Business Magazine April 16, 2024

In its efforts to maintain price stability due to uncertain economic conditions, the Vienna-headquartered Organisation of Petroleum Exporting Countries (OPEC) and its Read More

Economy Energy Featured News Regional

Barring UAE and Saudi Arabia, Growth Hits Other Countries in

Global Business Magazine March 12, 2024

Facing a slowdown in 2024 owing to oil production cuts, the GCC growth forecast has been revised down to 2.7% from 3.9% three months ago, Read More

Energy Business Featured News Regional

Egypt Planning to Set Up $9 Billion Refining and Petrochemical

Global Business Magazine July 5, 2023

As part of its strategy, the Egyptian Ministry of Petroleum and Mineral Resources has announced that work was underway currently for new Read More

Energy Economy Featured News Regional

Global Oil Industry Needs Investments of $12.1 Trillion by 2045,

Global Business Magazine May 15, 2023

Haitham Al Ghais, Secretary General of OPEC, on Sunday said that populations and economies were growing, and the world needs more energy Read More

Energy Featured News Regional

GCC steps up Oil and Gas output even as World

Global Business Magazine November 10, 2022

Hydrocarbons-rich Middle East countries attending the UN Climate Change Conference in Egypt want to steer the narrative on energy security and transition Read More

Business Featured News Regional

India is UAE’s major non-oil export partner in Q1 of

Global Business Magazine August 12, 2022

India continues to be the biggest export partner for the UAE as far as non-oil exports are concerned in the first three Read More

Energy News World

Exclusive: OPEC sees global oil demand growth slowing in 2023,

Global Business Magazine June 14, 2022

World oil demand growth will slow in 2023, OPEC delegates and industry sources said, as surging crude and fuel prices help drive up Read More

Economy Featured News Regional

The economies of the Gulf Cooperation Council will grow by

Global Business Magazine June 9, 2022

According to the new report by the World Bank, the economies of the Gulf Cooperation Council (GCC) are projected to expand by 5.9% Read More

Economy Featured News Regional

The UAE central bank forecasts real GDP growth of 4.2

Global Business Magazine June 9, 2022

The Central Bank of the UAE released its annual report for 2021 in the middle of this month, stating that GDP growth in 2021 Read More

Economy Featured News Regional

UAE economy set for robust growth

Global Business Magazine June 8, 2022

The UAE’s economy is set for a robust growth of 5.3% on average over 2022-23 compared with 3.8% in 2021, due to rising oil Read More

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