Qatarisation at Qatar Rail has reached more than 20% and the company is doing its utmost to maximise participation of Qatari talents as it heads towards the operational phase.

The Ministry of Economy and Commerce’s (MEC) technical committee to stimulate private sector participation in economic development projects announced yesterday that the Gulf Warehousing Company (GWC) storage area at Bu Sulba is ready for operation and would be inaugurated later.

Qatar’s 2017 budget intends to reduce the government’s deficit while supporting growth through higher capital spending with public investment to be the main fulcrum for future economic growth, according to QNB.


Qatar’s budget for the new fiscal outlines a clear intent to reduce the government deficit while also supporting growth through higher capital spending.

A 2017 state budget plan released by Oman's government on Sunday projected a smaller deficit but maintained tight curbs on spending because of low oil prices, which are hurting state revenues.

Fuel prices in Qatar will go up once again in January, the Ministry of Energy and Industry has announced.

Hundreds of people flocked to a labor ministry office in Qatar this week after hearing rumors that they only had 10 days to change employers under a newly implemented law.

Starting next week, Qatar residents will be able to buy more locally-grown produce closer to home, after a new food festival kicks off at Katara Cultural Village on Jan. 3.

Increased jobs cuts across the UAE coupled with uncertainty in the macroeconomic environment were the main driving factors in the UAE’s property market in 2016, putting downward pressure on rents and sale prices.


Nebras Power yesterday announced that it has completed the acquisition of a 35.5 percent stake in Indonesian utility firm PT Paiton Energy through its wholly owned subsidiary Nebras Power Netherland BV.