Meeting among Officials of Oil Exporting Counties on Production Freeze Seems to Fizzle Out

The major oil producers looked so confident, as they headed for a meeting to discuss measures to cap the oil output and stabilize oil markets but it did not seem to work out well. The drop in oil prices still continues.

All eyes were on Sundays meeting held in Doha where officials from eighteen oil-producing countries could not reach a deal to cap the production of oil at current levels.

Oil producing nations might agree on output freeze to increase prices

The oil producing nations are holding a crucial meet in Doha on Sunday to discuss ways address the issue of falling crude oil prices in the international markets. Around a dozen oil-producing countries belonging to the OPEC as well as others outside the group have confirmed officially that they will met in Doha.

There are indications that the oil producers might agree on an output freeze in order to put upwards pressure on prices of oil. It will be the first such deal in 15 years if the nations agree to stem their production of oil.

Villaggio mall’s Fire Case: 1st Hearing Unattended by Defendants

Doha strongly places bid for 2020 Olympics Games

Doha strongly places bid for 2020 Olympics GamesQatar has joined the bandwagon for hosting the 2020 Olympic Games and decided to place its bid before the International Olympic Committee (IOC) as the body floated the idea to be held the games in the non-traditional destinations.

QE index takes jump over demand for Islamic lenders

Doha-stock-ExchangeIt was a good time for the stocks of Shariah-principled lenders on the Doha stock Exchange this week. A large and mid cap equities shown robust performance taking the 20-stock benchmark upward by 2.15 per cent or 189 points during the reporting period. The benchmark stood at 8,949.76 points in the week making the QE to become the second best performer among the all Gulf bourses.

Qatar Airways to expand Singapore service

Qatar-AirwaysEnthused over significant rise in number of customers, the Qatar Airways is mulling to increase services on its popular Singapore route. The move is aimed to offer uninterrupted and hassle free services to the travelers across both destinations. The airline, currently offering daily flights from Doha to Singapore using its flagship Boeing 777 aircraft, will add non-stop services between Doha and Singapore from May 1, 2011.