Economy

7 OPEC+ Countries to Increase Oil Production in June

03/05/2026

Vienna, May 3 (Xinhua) OPEC said in a communique on Sunday that seven OPEC+ countries decided to increase their oil production cap by 188,000 barrels per day in June, in response to the withdrawal of the United Arab Emirates from the bloc. The seven countries -- Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman...

China Blocks US Sanctions On Five Chinese Firms Over Alleged Iran Oil Ties

02/05/2026

Beijing, 02 May 2026 (Xinhua News) China's Ministry of Commerce on Saturday issued a ban prohibiting any recognition, enforcement or compliance with U.S. sanctions imposed on five Chinese companies on the grounds of their alleged involvement in Iranian petroleum transactions. Rising tensions around the Strait of Hormuz, coupled with disruptions to key shipping routes and...

Qatar: ntroduces Targeted Measures To Support Firms’ Operations And Ensure Business Continuity

02/05/2026

30 April 2026, Doha Qatar Financial Centre (QFC), a leading onshore financial and business centre of State of Qatar, has introduced a targeted package of measures to assist its firms and ensure business continuity amid evolving regional developments. The measures form part of the national package introduced by the State of Qatar to support the...

Pakistan Eyes Global Partnerships to Unlock Mineral Wealth, Says PMDC Chief

27/04/2026

Islamabad, 27 April 2026 Engr. Asad Ahmad, Managing Director and CEO of the Pakistan Mineral Development Corporation (PMDC), has shown strong interest in building partnerships with the Qatar Investment Authority and institutions like QatarEnergy to explore and develop Pakistan’s vast mineral resources. In a recent exclusive interview to Editor, asiantelegraph.net, in Islamabad, he highlighted the...

Qatar: QFC Welcomes New Board Members To Steer Its Strategic Vision

27/04/2026

Doha, Qatar, 27 April 2026 Qatar Financial Centre (QFC), a leading onshore financial and business centre, welcomes newly appointed members to its Board of Directors, strengthening its governance framework and supporting its strategic priorities for the next phase of growth. The Minister of Commerce and Industry, Sheikh Faisal bin Thani Al Thani, will continue to...

Gulf Oil Sector Contributes $561bn to Regional Economy in 2024, QNA Reports

15/03/2026

Muscat, March 15 (QNA) The oil sector in the Gulf contributed about $561.2 billion to the region's economy in 2024, accounting for 24% of gross domestic product at current market prices, according to new data. Figures released by the Statistical Center for the Cooperation Council for the Arab Countries of the Gulf showed the sector's...

QatarEnergy to Stop Downstream Production; Shura Council Condemns Iranian Blatant Attack on Qatar;

02/03/2026

Doha, Qatar • 03 March 2026 (QNA) Due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City in the State of Qatar, QatarEnergy has ceased production of liquefied natural gas (LNG) and associated products. QatarEnergy values its relationships with all of its stakeholders and will continue to communicate...

Doha: Apex Group Expands Gulf Footprint with Strategic Launch at Qatar Financial Centre

24/02/2026

Doha, 24 Feb. 2026 Apex Group Ltd. (“Apex Group”), a leading global financial services provider with over $3.5 trillion in assets serviced, announces the successful licensing and opening of its new office in Qatar at the Qatar Financial Centre (QFC), a top-tier onshore financial and business hub in the region. This stride marks a strategic...

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