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The Amazon founder and CEO now has a net worth more than $150 billion. (AFP)

July 18th, 2018 - 01:04 GMT

Amazon's Finder Becomes Richest Man in Modern History

What started as an idea for an online bookstore has made Jeff Bezos the wealthiest man in the world.

Prince Alwaleed bin Talal. (Reuters)

February 25th, 2018 - 11:32 GMT

Prince Alwaleed, Khalid Al Falih: Top 5 Most Powerful Men in Saudi Arabia

The move, by Norway's Sovereign Wealth Fund, is believed to help an emerging global campaign to move away from oil and towards renewable energies. (Shutterstock)

November 19th, 2017 - 06:00 GMT

The End of Oil: World’s Largest Fund to Dump Oil Investments, Invest Away From Oil

Given Libya's strategic location and huge potential for rebuilding and development, Tillerson and other close aides are likely to advise Donald Trump not to gamble by allowing Russia to gain a major foothold in Libya, or contemplate playing a game of Russian roulette with Putin over its future. (AFP/File)

February 8th, 2017 - 12:50 GMT

What will Trump’s next move be in Libya?

Many of the companies looking at Eni's Zohr are either already active in Egypt or have recently landed bordering acreage in Cyprus, such as Exxon Mobil and Total. (Eni)

August 14th, 2016 - 09:00 GMT

Eni mulls sale of 20 percent stake in Egypt's giant Zohr gas field

"Everybody gets a little more imaginative, because they need to," says Hans-Christian Freitag, vice president of technology for the drilling services company Baker Hughes.

March 25th, 2015 - 05:39 GMT

Shale won't go stale: US drillers have decided to fight OPEC back

Analysts have already pointed fingers at the dollar for the decline in prices of commodities like precious metals, corn and oil in recent weeks.

September 21st, 2014 - 03:55 GMT

The rise of dollar: aka the downfall of oil markets?

Al Bawaba

June 30th, 2014 - 03:55 GMT

How the violence in Iraq is costing Egypt more than a billion dollars

Shell’s divestment strategy spells opportunity for the Arabian Gulf’s state owned oil and gas companies.

February 5th, 2014 - 02:21 GMT

How Shells divestment strategy spells opportunity for GCC investors

Foreign investors are eager to participate in the emirate’s economic miracle

January 22nd, 2014 - 09:11 GMT

Abu Dhabi: an economic miracle?

Iranian Oil Minister Bijan Zanganeh named the seven in order: Total of France, Royal Dutch Shell, Italy's ENI, Norway's Statoil, Britain's BP and US companies Exxon Mobil and ConocoPhillips .

December 8th, 2013 - 03:55 GMT

Candid wishlist: Iran is not so subtle when it comes to the oil clients it wants back

According to Stephen Pryor, president of Exxon Mobil chemicals, the shale gas boom in the US has triggered a round of protectionist policies resulting in trade restrictions.

November 20th, 2013 - 05:48 GMT

Time for a wake-up call: shale boom triggering over-protectionism, threatening the Gulf

The International Energy Agency says Iraq’s oil production will fall below three million barrels per day for the first time in six months. Indeed, it could fall by half a million barrels due to long overdue infrastructure work at its southern terminals.

November 17th, 2013 - 09:42 GMT

Are Iraq's oil ambitions going down the drain?