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Saudi softens oil stance on Iran, OPEC deal still elusive

  ALGIERS / Reuters OPEC might still agree an oil output-limiting deal later this year as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran. Saudi Energy Minister Khalid al-Falih said on Tuesday Iran, Nigeria and Libya would be allowed to produce “at maximum levels that make sense” as part of ...

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Mall of Qatar to create 8,000 new job opportunities

  Doha / Emirates Business In the lead-up to the soft opening of Mall of Qatar, it has been revealed that the multi-billion QAR project—designed to serve as the region’s ultimate shopping, entertainment and dining destination—will generate about 8,000 new jobs nationwide. This impressive figure indicates that Mall of Qatar is set to play a pivotal role in the country’s ...

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Nigeria mulls oil assets sale that could reshape industry

  Bloomberg Nigeria’s possible sale of some of its oil and gas assets to raise money and boost the contracting economy in Africa’s most populous country could reduce the government’s influence over its biggest industry. President Muhammadu Buhari’s economic advisers are working on a plan “to generate immediate large injection of funds into the economy through asset sales, advance payment ...

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