403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Qatar's GIS business unaffected by declining oil prices
(MENAFN) Qatar's Gulf International Services (GIS) said that its business was unaffected by lower oil prices, Arabian Business reported.
The company, which has a diversified interests in insurance, aviation, oil and gas and catering, said its contracts have been based on fixed rates which had an average life of between three and five years.
The oil prices have been declining globally since June, with the prices plunging to below USD50 per barrel for the first time since the second quarter of 2009, causing major concerns for several businesses in the gulf region.
The company, which has a diversified interests in insurance, aviation, oil and gas and catering, said its contracts have been based on fixed rates which had an average life of between three and five years.
The oil prices have been declining globally since June, with the prices plunging to below USD50 per barrel for the first time since the second quarter of 2009, causing major concerns for several businesses in the gulf region.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment