LONDON: Oil rose towards $109 a barrel yesterday as a showdown between Israel and the Palestinians stoked worries about supply, but ample stockpiles...
LONDON: Oil rose towards $109 a barrel yesterday as a showdown between Israel and the Palestinians stoked worries about supply, but ample stockpiles...
DUBAI: When two real estate developers from the United Arab Emirates announced a big project in Egypt last month, it was more than...
KHOBAR: Saudi Aramco, the world’s biggest oil producer, signed deals yesterday worth an estimated $6bn to build a refinery in the impoverished region...
DUBAI: Bahrain’s stock market is the worst-performing in the region this year, but it has a major attraction: ultra-high dividend yields. Unfortunately, the...
DUBAI: Supplies of gas from Turkmenistan to Iran have been halted due to a dispute over purchasing terms, Iranian Oil Minister Rostam Qasemi...
KUWAIT: Kuwait’s Global Investment House (GIH) said yesterday that three of its creditors had failed to back a $1.7bn debt restructuring plan and...
DUBAI: United Arab Emirates-based Crescent Petroleum is gearing up for expansion in the Iraqi oil and gas sector and a debut into Libya...
DUBAI: First Gulf Bank, the second-largest lender by market value in the United Arab Emirates, has signed a three-year $900m loan with a...
By Satish Kanady DUBAI: Sony, the leading consumer electronics and entertainment brand, has unveiled three of its latest cameras: the Alpha SLT-A99, the...
DUBAI/PARIS: Societe Generale is nearing the sale of its majority stake in an Egyptian bank to Qatar National Bank (QNB), sources familiar with...
ABU DHABI: UAE group Dolphin Energy has awarded a $250m contract to Indian group Larsen & Toubro to upgrade a gas plant in...
Sheikh Mohammed bin Rashid Al Maktoum (centre), Vice President and Prime Minister of the UAE and Ruler of Dubai, looks on during a...
CAIRO: The Egyptian government expects to sign a memorandum of understanding with the International Monetary Fund for a $4.8bn loan before an IMF...
JUBAIL, Saudi Arabia: Saudi Basic Industries Corp (Sabic) is considering investing in the United States to capitalise on the shale gas boom there,...
DUBAI: The United Arab Emirates government is still working on a public debt law that would pave the way for a debut federal...
ABU DHABI: Oil major BP Plc, shut out of pre-qualification bidding to develop Abu Dhabi’s largest onshore oilfields, is hopeful it can be...
CAIRO: Egypt’s government has proposed tax changes and reducing energy subsidies to cut a budget deficit running at about 11 percent of gross...
DUBAI: The global oil market is in a good shape and Saudi Arabia is happy with the current oil price, Saudi Oil Minister...
