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  • Saudi Electricity

    Saudi Electricity signs 700 million riyals power deals

    State-owned Saudi Electricity Co is splashing out hundreds of millions of riyals to improve its power distribution network, after thousands of people suffered blackouts last month including some in two of the kingdom's biggest cities Jeddah and Riyadh.

    August 14, 2012 10:50
  • UAE's Emal

    UAE’s Emal seeks $4 billion expansion financing

    Emirates Aluminium (Emal), a joint venture between Abu Dhabi's Mubadala and Dubai Aluminium, has approached banks to arrange $4 billion in financing to expand its smelter, Project Finance International (PFI) said on Monday.

    August 14, 2012 10:20
  • Abu Dhabi TAQA

    UAE’s TAQA second quarterly profit up 3 percent, revenues fall

    Abu Dhabi National Energy Co (TAQA) said on Tuesday that second-quarter net profit edged up 3 percent to 447 million dirhams ($122 million) in the second quarter from 435 million a year earlier.

    August 14, 2012 9:56
  • 200-qatar-financial-centre

    Egypt expects Qatar deposit within a week

    Qatar should deposit $500 million in Egypt's central bank within a week, the Egyptian finance minister said, as the country battles to pull its economy out of a tailspin after 18 months of political turmoil.

    August 13, 2012 4:25
  • Eid Holiday

    UAE markets to close for Eid holiday

    The UAE's three bourses will be closed for two or three days for the Eid holiday, depending on the sighting of the moon, the market regulator said on Monday.

    August 13, 2012 4:25
  • saudi aramco

    Saudi Aramco restart secondary unit at Jubail JV refinery

    State oil giant Saudi Aramco restarted a secondary unit at its 305,000 barrels-per-day joint venture refinery with Royal Dutch Shell in Jubail, the joint venture's top executive said on Monday.

    August 13, 2012 4:22