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Qatari PM speaks at Lucerne Summit
June 24th, 2026 - 09:53 GMT
P. Choiaqo

P. Choiaqo

Gulf countries to fund $300 billion reconstruction in Iran if peace talks go through

ALBAWABA - Qatari PM, Sheikh Mohammad, said that Gulf states could play a role in financing reconstruction in Iran, however, $300 billion seems ‘aspirational’ he says. In an interview with Financial Times, Sheikh Mohammad said that Gulf states are willing to finance if Iran reaches a conclusive and final peace agreement with the U.S. "Our aim is that Iran flourishes and their economy grows; and our investment basically has always ...
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The drop from $120 per barrel in 2014 to under $35 today is the result of a 2% change in the supply-demand balance. (File photo)
February 16th, 2016 - 08:30 GMT

Oil prices on the brink, could drop below sustainable levels

Participants in the Middle East Fraud Conference. (Twitter)
February 16th, 2016 - 07:00 GMT

Middle East Fraud Conference tackles recession fears

An aerial shot of Dubai. (YouTube)
February 16th, 2016 - 05:00 GMT

Businessmen tortured in UAE

A rendering shows proposed plans for Oman's rail system. (Oman Daily Observer)
February 15th, 2016 - 01:00 GMT

Oman to focus on local, not regional railway

Middle income families in Saudi Arabia are likely to feel the impact of increased prices the most. (File photo)
February 15th, 2016 - 12:00 GMT

Experts: Middle income group will be hit hardest by rising prices

Under a new ruling, UK public bodies will no longer have the right to boycott goods and services from Israeli settlements in the West Bank. (File Photo)
February 15th, 2016 - 11:00 GMT

UK local councils, students to be banned from boycotting Israeli goods

The financing will also support a program to extend rotating loans to citizens to start their own projects. (Shutterstock)
February 15th, 2016 - 10:00 GMT

Jordan: $338 million allocated for health, infrastructure development in governorates

A model shows construction plans for Egypt's new capital city, another major administrative city project. (File photo)
February 15th, 2016 - 09:00 GMT

Egypt to construct over 450,000 housing units for workers in new administrative cities

The investment is also expected to help reduce greenhouse gas emissions in Lebanon. (Shutterstock)
February 15th, 2016 - 08:30 GMT

Lebanon gets $7 million IFC loan to support clean energy, address energy shortage

The Khazzan reservoirs have the potential to be a major new supply of gas for Oman. (Shutterstock)
February 15th, 2016 - 07:00 GMT

BP to develop next phase of Oman's Khazzan gas field

After overcharging for natural gas over a four-year period, Iran has agreed to pay Turkey back, either in the form of cash or more natural gas supplies. (Shutterstock)
February 15th, 2016 - 06:00 GMT

Iran to pay Turkey in gas or cash from arbitration over prices

New market research shows UAE residents are spending more prudently and putting away extra cash. (Shutterstock)
February 15th, 2016 - 05:00 GMT

UAE consumers reign in shopping with recession sentiments on the rise

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