January 13, 2015
Rail projects across the GCC are expected to fuel intra-regional trade while helping reduce fuel consumption.
January 12, 2015
Dubai World has reached formal agreement with a substantial majority of creditors on its proposal to amend and extend the terms of its outstanding debt totalling $14.6 billion.
Analysts at Goldman Sachs lowered their three-month price forecast for Brent to $42 a barrel from $80.
A diplomatic push by Venezuela and Iran for an OPEC oil output cut has failed to soften the refusal of the group’s Gulf members to do so for now.
Saudi Arabia is the world's largest crude exporter and the biggest producer in the 12-member Organization of the Petroleum Exporting Countries (OPEC).
Egypt has signed six new oil and gas exploration contracts worth hundreds of millions of dollars with foreign and Egyptian companies.
Tourist visas issued in Dubai have just become costlier and non-extendable.
January 11, 2015
Iraq’s Oil Ministry can sue the Kurdistan regional government for possession of 1 million barrels of crude that have waited in a tanker circling off the Texas coast for more than five months, a U.S. judge said.
OPEC members Iran and Venezuela are reeling from a slide in the cost of crude to around $50 per barrel from $100 just six months ago
Kuwait has awarded a $4.2 billion (3.5 billion euro) to develop heavy oil fields in the north of the country, the central tenders committee announced Thursday.
Dubai Aluminium (Dubal) has completed its $1.8 billion seven-year loan, the first facility which the company has raised to fund its general business purposes in two decades.
January 9, 2015
Annual urban inflation has hiked to register 9.8% in December, up from 8.5% in November.
Abu Dhabi’s new financial free zone plans to base its rules on English common law, in a decision that could reduce costs and help the emirate develop stronger banking and securities market ties with neighboring Dubai.
January 8, 2015
Qatar Airways has taken delivery of the world’s first Airbus A350 XWB.
Several companies in the United Arab Emirates have decided to hold off on initial public offers of shares because of the weakness of stock markets.