Dubai will begin inoculating people with the Pfizer and BioNTech COVID-19 vaccine from Wednesday, said the emirate’s government in a statement. The development marks Dubai joining Saudi Arabia, which was the first Arab country to begin inoculating people with the… Read More ›
Qatar
Chevron’s Middleastern pivot central to its energy strategy
In a significant development, U.S. oil giant Chevron Corp is staking its natural gas future on the Middle East, a typically volatile region where energy majors have long tread warily. Chevron’s CEO Michael Wirth’s Middle Eastern pivot underpins a bet that… Read More ›
Qatar postpones $8 billion of un-awarded contracts for capex projects due to coronavirus
On Tuesday, Qatar’s ruler asked the government to delay $8.2 billion in unawarded contracts on capital expenditure projects due to the coronavirus outbreak. The outbreak is likely to negatively impact the Qatari economy and could lead to a recession, said… Read More ›
War risk premiums for tankers surge midst Middle East tensions
Although the United States and Iran have apparently both backed away from a military face-off, oil and gas shipowners are bracing themselves against a war of words which could see lead to asymmetric warfare in the Middle East, which in… Read More ›
Boeing wins $500 million U.S. defense contract
Boeing has won a defense contract pertaining to Qatar’s air force. According to a statement from the Pentagon, Boeing Co has won a $500 million contract for providing an aircrew for F-15QA fighter jet as well as for a maintenance… Read More ›
Qatar purchased $500 million Lebanese government bonds
Qatar’s move is probably aimed at increasing its traction in the Middle East and comes in the wake of Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cutting diplomatic ties with it since June 2017 and have accused Doha… Read More ›
London jury dismissed in landmark Barclays-Qatar case
Judge Robert Jay told the entire jury that their services are no longer required. In a landmark case revolving around fraudulent transactions perpetuated by four former Barclays executives who had been accused of paying Qatar undisclosed fees to help rescue… Read More ›
Qatar to invest $20 billion in sports sector ahead of 2022 world cup
Qatar aspires to be a regional hub for sporting events in the run-up to the 2022 soccer World Cup. As per a senior Qatari official, the Gulf state is aiming to attract more sports companies to the Gulf state and… Read More ›
Saudi Arabia signs warship construction deal with France’s Naval Group
The move is part of a larger effort aimed at weaning off the Kingdom from its oil-dependent economy and boost local manufacturing. As part of an effort to boost domestic industry and manufacturing capabilities, Saudi Arabia signed a preliminary agreement… Read More ›
Qatar Petroleum and Exxon Mobil Corp to invest $10 billion in expanding Texas LNG plant
The development assumes strategic importance for primarily two reasons, 1) an alternative to Russian energy supplies and 2) LNG is set to dominate the fossil fuel market in the near future and and companies are racing to get a dominant… Read More ›