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The Saudi government has unveiled its 2015 budget that signals continued high spending despite pressures from a steep fall in oil prices, on Thursday.
Spending for 2015 is projected at SR860 billion ($229.3bn) and revenues at …Read full article » : Sunday, December 28 - 2014 @ 18:25
Dubai Civil Aviation Authority has honored Emirates General Petroleum Corporation “Emarat”, in recognition of the fruitful cooperation relations that have been maintained for decades between the two establishments. Such cooperation is especially evident in supplying …Read full article » : Sunday, December 28 - 2014 @ 10:08
Kuwait Energy (“the Company”) today announced that the consortium comprised of Kuwait Energy (70% and operator) and Dragon Oil (30%) has made its second oil discovery at ‘Block 9′ in Iraq.
The successful discovery was at …Read full article » : Sunday, December 28 - 2014 @ 09:52
Oman Electricity Transmission Company (OETC) has conducted a workshop on December 24th for polarization of civil contractors to encourage the civil contractors to enter to OETC business to increase the competition in civil contracts and …Read full article » : Saturday, December 27 - 2014 @ 10:24
The value of UAE’s direct foreign non-oil trade is at AED524.7 billion during the first half of 2014, preliminary statistics of the Federal Customs Authority (FCA) reveals.
FCA did not give a figure for the first half …Read full article » : Wednesday, December 24 - 2014 @ 13:41
The UAE is at the forefront of a renewable energy transformation as it has pushed ahead with investments designed to diversify its energy mix and contribute to its 2030 energy goals.
It already has made …Read full article » : Wednesday, December 24 - 2014 @ 12:38
Oman Oil Company (OOC), the Sultanate’s energy investment arm has recently renewed its partnership for the third consecutive year with Oman Society for Petroleum Services (OPAL), the non-profit organisation responsible for promoting the Oil & …Read full article » : Wednesday, December 24 - 2014 @ 12:38
The ADX General Index fell by 0.78 per cent to 4,481.58 points on Monday, December 22. The session marked the first market decline since a post-crash buying frenzy kicked off on Dec. 16.
Abu Dhabi National …Read full article » : Tuesday, December 23 - 2014 @ 17:20
Dubai Electricity and Water Authority (DEWA) has launched a brainstorming campaign on its social media channels. The campaign, which runs until 25 December 2014, is part of DEWA’s commitment to encourage creative thinking and innovation …Read full article » : Tuesday, December 23 - 2014 @ 14:10
ADNOC Distribution, the sole provider of aviation fuel in the Abu Dhabi International Airport, has completed the upgrading of supplying fuel equipment and trucks to ensure compliance with world-class technical standards. ADNOC Distribution’s Emirati technical …Read full article » : Tuesday, December 23 - 2014 @ 11:07