The International Energy Agency estimated that oil demand will increase by 1.2 million barrels a day next year.
The Abu Dhabi carrier is expected to decide on whether to buy a stake in the troubled Italian airline “just before Christmas”, a source said.
The U.S. Defense Secretary met with Qatari Emir Sheikh Tamim bin Hamad and Defence Minister Hamad bin Ali al-Attiyah.
OPEC expects demand for its oil in 2014 to average 29.57 million barrels per day.
Aramco has the option to reduce monthly sales volumes to term buyers.
Governments in both countries “recognise the value of connectivity provided by aviation”.
The carrier said its 14 weekly passenger services will continue to operate through Dubai International.
Saudi Arabia’s King Abdullah proposed two years ago for a stronger union with Bahrain, Kuwait, Qatar, Oman and the United Arab Emirates.
Timely investments in education would enable GCC countries to convert their population growth into a competitive advantage.
European demand for jet fuel totaled 1.2 million barrels per day last year, of which one third was imported, mostly from the Middle East.
When completed formally next month, the sale will be one of the largest UK property deals ever.
A meeting of military officers, diplomats and analysts took place during a security conference in Bahrain last weekend.
Passenger traffic growth in the Middle East region far exceeded the global average of 6.9 per cent in October.
The F-35 fighter is the Pentagon’s most expensive weapons program.
Qatari foreign minister Khaled al-Attiyah said the GCC deserved a place at the table as essential partners in regional stability.
South Africa’s first black president and anti-aparthied icon, Mandela, 95, passed away in his Johannesburg home.
The United Arab Emirates dropped out of the coal-fired power plant project earlier this year.
Currently only about 19 per cent of the regional workforce comprises of women.
Surprise announcement shows Qantas continues to wrestle with fuel costs and competition
Egypt promised to pay $1.5 billion of the $6 billion it says it owes foreign oil companies.
Iranian Foreign Minister Mohammad Javad Zarif visited the UAE as part of a regional tour to improve relations with the GCC.
A study found that there is a significant gap between the belief about ethics and industry practices among finance executives.
The current 30 million barrel-a-day target for the 12-nation group adequately matches demand, say officials.
Standard Chartered has reported 10 consecutive years of record income and profits.
Raytheon is looking to foreign orders to help offset a reduction in projected U.S. military spending over the next decade.
Use of solar energy for the Middle East’s growing power needs will create strong localisation potential.
Flight EK 215 crosses the Russian Federation, the North Pole and Eastern Canada before landing in Los Angeles.
Doha carrier doubles up to meet growth projections beyond slot-constrained Ataturk
The economic burden resulting from non-communicable diseases is expected to soar in the coming years.
The Gulf state is currently home to the US 5th Fleet.