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Iraq’s oil minister wants country to increase output in 2017

  BAGHDAD/ Reuters Iraq’s oil minister has urged oil and natural gas producers operating in the country to continue increasing output next year, the oil ministry said in a statement on Sunday. Jabar al-Luaibi’s comments came as OPEC nations are trying to implement an agreement to curb oil output for the first time since the 2008 financial crisis, in order ...

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Saudi’s Almarai Q3 profit up 10pc

  DUBAI / Reuters Saudi Arabia’s Almarai, the Gulf’s largest dairy company, reported a 10 percent rise in third-quarter net profit on Sunday, broadly meeting analysts’ forecasts with the help of cost controls it said would remain a priority. Saudi retailers will in coming quarters have to weather the impact of austerity measures imposed to curb a huge state budget ...

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Qatar to weigh raising Deutsche Bank stake to upto 25%

  Bloomberg Qatar’s royal family is considering increasing its stake in Deutsche Bank AG to as much as 25 percent, according to people with knowledge of the matter. Sheikh Hamad Bin Jassim Bin Jabr Al Thani, former Prime Minister of the Gulf State, and the former Emir of the country, Sheikh Hamad bin Khalifa Al Thani are exploring increasing their ...

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