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Dubai June crude average drops to $94.44 a barrel

Dubai crude oil quoted by price-reporting agency Platts averaged $94.44 a barrel for June, down $12.87 from May, traders said on Monday.

July 2, 2012 10:11
 
Asia Naphtha-ADNOC

Abu Dhabi keeps August term crude sales steady to Asia

Abu Dhabi National Oil Co (ADNOC), the main exporter for OPEC member the United Arab Emirates, will supply full contractual crude oil volumes to Asia in August, steady with July, industry sources said on Monday.

July 2, 2012 10:10
 
Aabar pulls out of Daimler investment in Tesla

Aabar pulls out of Daimler investment in Tesla

Abu Dhabi's Aabar took a step towards exiting its investment in electric car maker Tesla after partner Daimler confirmed it transferred direct control of a 3.1 percent stake in Tesla back to the sovereign wealth fund.

June 28, 2012 10:24
 
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UAE Government turns good Samaritan for consumers

It sure looks like the UAE government is leaving no stone unturned to ensure consumers in the country are protected and informed. But is there a catch somewhere?

June 25, 2012 4:39
 
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