Posts Tagged ‘oil’
With an economy based on pumping oil and landmarks that include one of the Mideasts grandest mosques, Abu Dhabi has little obvious in common with freewheeling media magnets like Hollywood or midtown Manhattan.
This week, the emirate is hoping t
With an economy based on pumping oil and landmarks that include one of the Mideasts grandest mosques, Abu Dhabi has little obvious in common with freewheeling media magnets like Hollywood or midtown Manhattan.
This week, the emirate is hoping t
Middle East oil demand is projected to grow by 4.5 per cent in 2010, outpacing a modest recovery in global energy demand, according to estimates by International Energy Agency (IEA).
The estimate growth rate is twice the forecast of the Paris-
Kuwait Energy Company, one of the fastest growing independent oil and gas exploration and production companies in the Middle East, yesterday announced the discovery of a new oil well in the northern area of Burg El-Arab (BEA) field in the Egyptian western
King Abdullah, Custodian of the Two Holy Mosques, launched Sunday the second year of the Shoura Council’s fifth session with his annual address in which he spoke on a range of domestic and international issues, from terrorism and conflict on the southern
An improvement in oil prices boosted Saudi Arabia’s foreign assets by nearly SR16 billion (Dh15.67bn) in January for the fourth successive month, indicating a large surplus in revenue despite record spending, according to official data.
From ar
Dubai shares led gains in Gulf markets as oil rose to the highest level in almost two months and global markets advanced after smaller-than-expected U.S. job losses boosted optimism for a global economic revival.
Emaar Properties PJSC, the dev
Qatar Petroleum has become the third Gulf crude-oil supplier to have reduced its official selling prices in Asia after Abu Dhabi National Oil Co and Saudi Arabian Oil Co, in an attempt to attract buyers amid a spot demand slump. Asia’s appetite for sour c
The Dubai Mercantile Exchange (DME) on Thursday announced that a record open interest of 19,867 was achieved in its flagship DME Oman Crude Oil Futures Contract (DME Oman) last month.
The DME also set a record for physical delivery with 13.4 mi
Saudi shares gained fresh ground last week, receiving support from the petrochemical, cement and telecommunication sectors as well as dividend distributions.
The Tadawul All-Share Index (TASI) gained 0.20 percent last week, closing at 6,478.58
