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Energy

UAE, Saudi ministers call for non-Opec output cut
UAE minister says irresponsible production by some producers from outside the Opec is main cause for plunge in oil prices.
Oil below $59 for first time since í09
Brent crude fell as low as $58.50, its weakest since May 2009. As of 1221GMT it was down $2.12 at $58.94 while US crude was down $1.73 at $54.18 per barrel.
Gulf equities slide in perfect storm of oil, leverage, panic
Saudi Arabia will open its bourse to direct foreign investment next year, which could draw tens of billions of dollars in coming years.
Opec output drops as Libya recovery stalls
Prices have slipped since and fell below $68 to the lowest since 2009 on Monday.
Iraq govt, Kurds strike deal on budget, crude exports
The deal would see oil from the Kurdish region or claimed by its leadership exported via Kurdish pipelines but through the federal oil company.
Plunge in oil prices a panacea for crude-reliant Asia
Partly because of the shale oil boom in the US, the world is awash in oil but demand from major economies is weak so prices are falling.
Oil plunge to have lesser impact on UAE economy
The oil prices tumbled 30 per cent since June 2014 to $79 a barrel from $115 a barrel.
OPEC keeps oil output on hold despite low prices
Brent crude oil falls $3 to lowest since September 2010 at under $75 a barrel
Oil drop: UAE, Kuwait and Qatar can balance budget
UAEís Oct PMI advanced at a brisk pace, touching new highs
Saudi Arabia, UAE signal no push for Opec oil cut
Opecís meeting today will be one of its most crucial in recent years, with oil having tumbled to below $79 per barrel due to the US shale boom and slower economic growth in China and Europe.
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