Qatar's producer price index (PPI) rose 2.6% q/q in the fourth quarter of 2013, speeding up from a 1.4% q/q growth in Q3 on higher mining, utilities and manufacturing prices, according to data by the Qatar Statistics Authority. In yearly terms, the PPI rose 1.6% y/y, the same as in Q3.
Producer prices in the mining and quarrying sector (77% of the index) rose 1.6% q/q and 1.4% y/y in Q4, lifted by a 1.6% q/q growth in crude oil and natural gas charges and a 0.7% q/q expansion in the charges of stone, sand and clay.
The manufacturing sector's PPI (21% of the basket) increased 7.0% q/q in Q4, pushed up by higher prices of basic chemicals (up 4.9%), refined petroleum products (up 9.1%) and base metals (up 3.7%).
Meanwhile, utility prices rose 2.7% q/q in Q4, reversing a 0.7% decline a quarter earlier.
UK renewable energy producer Xlinks, noting significant upward pressure on the cost of all energy projects, has warned that construction of the Morocco-UK Power Project could reach $27bn to $30bn, up ... more
The Moroccan government is in extensive talks to attract more electric vehicle (EV) battery manufacturers to support its growing automotive sector and meet soaring demand, industry and trade minister ... more
United Arab Emirates renewable energy company Masdar has partnered with Uzbekhydroenergo to evaluate the potential of national hydroelectric power storage projects. Masdar and Uzbekhydroenergo, a ... more