January 17, 2015
Mohammad Reza Bahraman who was speaking in a press conference on Tuesday said that $00bn of the total figure had been defined for projects in oil and gas sector.
Iran, its oil exports curbed by sanctions, is lowering the crude price for this year’s budget to $40 a barrel as the energy slump affects governments and industry.
Meanwhile, an İstanbul court ruled in November of last year to halt the construction of a number of buildings in the coastal area of İstanbul's Ataköy neighborhood
January 15, 2015
Forty-two percent of health institutes issue sick notes for employees who are not really ill.
Shell, Europe's largest oil producer, and Qatar Petroleum say they are scrapping a planned petrochemicals project in the Gulf nation amid falling energy prices.
This is the 18th Sukuk to have listed on Nasdaq Dubai since the beginning of 2014, supporting Dubai’s rapid expansion as the global capital of the Islamic Economy.
January 14, 2015
Airbus clung to the top spot in commercial plane orders by confirming it outsold Boeing last year.
Saudi Arabia’s plans of privatisation come amidst a flurry of negative feedback it received about one of its airports.
Consecutive Egyptian governments have vowed to develop the informal areas where millions of Egyptians live without basic services such as clean water and sewage.
Gulf stock markets ran out of steam on Monday after several strong sessions as oil prices fell by more than $1 a barrel.
The collection of $1.5bn through the issuance of international bonds is expected by April.
The UAE, last week targeted illegal fuel agents in the country and, Kuwait has also moved swifly against those involved in these operations.
January 13, 2015
Oil tumbled to six-year lows Tuesday on global oversupply and after Saudi Arabia, kingpin of the Organisation of Petroleum Exporting Countries (OPEC) said the era of $100 crude was over.
Britain has launched a trade mission to Egypt with more than 40 companies received in Cairo, the largest such effort in over a decade by the top foreign investor in the Arab world's most populous country.
"If Iran suffers from the drop in oil prices, know that other oil-producing countries such as Saudi Arabia and Kuwait will suffer more than Iran," he added.