Economy



US fuel consumption is soaring amid cheaper prices

LONDON: Fuel demand in Texas is growing strongly as lower oil prices encourage motorists to use their vehicles more and buy larger replacements.








Qatar $200bn spending spree on track despite oil price drop

Doha: Qatar will stick to its $200-billion (190 billion-euro) infrastructure spending splurge, the energy-rich Gulf state's premier vowed on Sunday, despite the fall in global oil prices.



Saudi investments in Dubai’s real estate crosses AED22.7 billion

Investors were the second biggest buyers in Dubai real-estate sector among GCC countries in 2014, according to a Dubai Land Department (DLD) report, with a total value of AED22.7 billion.



S. Korea’s Iran crude imports down 50%

SEOUL: South Korea's imports of Iranian crude oil dropped 50 percent in February from a year earlier,



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