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Emirates National Oil Co (Enoc) has teamed up with Saudi fuel retailer Aldrees to build at least 40 service stations in the kingdom, the companies said on Tuesday, in a deal the Dubai-government owned retailer hopes can recover some of its losses at home.
August 28, 2012 6:40
The flow of crude oil on a link carrying about a quarter of Iraq's total exports has resumed on one of two pipes after a fire shut it down, Turkish Energy Minister Taner Yildiz told Reuters on Tuesday.
August 28, 2012 6:39
Saudi Arabia bought $33.4 bln in U.S. weapons; Russia, world's No. 2 supplier, sees sales nearly halved; French arms sales more than double
August 28, 2012 10:30
Saudi Arabia plans to raise the storage capacity of its grain silos by 27 percent over the next three years from the current 2.52 million tonnes, the director general of the state-run Grain Silos and Flour Mills Organisation (GSFMO) said on Monday.
August 28, 2012 9:59
Imports to recover as S. Korea, Japan to step up purchases; May rise back to levels before European Union ban kicked in; Shipments recover as Asian buyers work around EU embargo
August 22, 2012 5:40
The rise in lending by local banks suggests that so far at least, fears that a pullback by European banks would create a shortage of funding and hurt the UAE economy are overblown.
August 21, 2012 10:55
Key shareholders withdrew support for Shoman-bankers; "bank cannot be run as Shoman family store"; Shoman circulates memo inside bank announcing resignation
August 19, 2012 8:43
The Moroccan government, facing its biggest wheat import campaign this year in three decades while hard currency reserves are dwindling, said it would not tap international soft wheat markets before the bulk of its domestic harvest is sold.
August 19, 2012 8:16
Yields rose at an auction of Egyptian treasury bills on Thursday, with the government selling 5.5 billion Egyptian pounds ($905.05 million) of 182-day and 357-day notes, the Central Bank of Egypt said.
August 19, 2012 8:10
National Bank of Abu Dhabi , the largest lender by market value in the United Arab Emirates, has repaid 1 billion dirhams ($272.3 million) of subordinated notes to the country's Ministry of Finance, it said on Thursday.
August 19, 2012 8:08
Gulf Arab markets all end in positive territory as the region closes down for the long Eid holiday, with Qatar Telecom's bid for the remaining shares it doesn't hold in Kuwait's Wataniya driving growth on the Doha bourse.
August 19, 2012 8:05
Bailed U.S. businessman Zack Shahin, who fled the United Arab Emirates for Yemen, may be deported to the United States as the UAE has not yet requested his extradition, Yemeni officials said on Thursday.
August 19, 2012 8:01
Seaborne oil exports from OPEC, excluding Angola and Ecuador, will fall by 250,000 barrels per day (bpd) in the four weeks to Sept. 1, an analyst who estimates future shipments said on Thursday.
August 19, 2012 7:58
Malaysian builder WCT Bhd said on Thursday it had won a 1 billion ringgit ($320 million) contract to build a 44.75km expressway in Oman.
August 16, 2012 4:01
Prominent Bahraini opposition activist Nabeel Rajab was sentenced to three years in prison on Thursday for taking part in unlicensed anti-government protests, his lawyer said.
August 16, 2012 3:58
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Last year, the German carrier posted its first annual profit since 2007.
May 16, 2013 10:54
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
