International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
With oil prices falling below $50, everybody is closely watching the Organization of the Petroleum Exporting Countries (Opec) to see whether the body will be able to bring about any change.
December 9, 2008 7:37 by kippreport
Opec was created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The five were later joined by eight other members: Qatar; Indonesia (which will leave Opec at the end of 2008); Libya;the UAE; Algeria; Nigeria; Ecuador (which suspended its membership from 1992-2007) and Angola. The organization had its headquarters in Geneva for five years before moving to Vienna in 1965.
Opec was formed to coordinate and unify petroleum policies among member countries; to secure fair and stable prices for petroleum producers; and to ensure a regular supply of petroleum to consuming nations.
Formula 1 Etihad Airways Abu Dhabi Grand Prix: All you need to know
LinkedIn: Emaar and Emirates Airline trump Apple and Google
Banks in UAE slash 350 jobs
How is Lewis Hamilton connected to Union Properties PJSC
News: TECOM invests AED60 million in new media incubation centre