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Falling oil prices will affect financial and external balances in oil-dependent Gulf economies, warns Christine Lagarde, managing director at IMF.
“Oil prices have fallen by approximately 25 per cent since the summer and this will affect …Read full article » : Sunday, October 26 - 2014 @ 12:24
Qatargas sold its first cargo of liquefied natural gas (LNG) to Jovo LNG Storage and Transportation Co., Ltd. (“JOVO”), an independent LNG importer from the People’s Republic of China.
The 64,000 cubic meter cargo was …Read full article » : Sunday, October 26 - 2014 @ 09:36
Nakilat advises that the rating agency, Standard & Poor’s (S&P), has reaffirmed Nakilat Inc.’s corporate credit rating as AA- with a stable outlook.
In a report published by S&P on 22nd October 2014, the rating agency …Read full article » : Saturday, October 25 - 2014 @ 12:10
Emirates National Oil Company (ENOC) has reduced the price of diesel by 20 fils to AED 3.50 per litre, effective as of October 21, 2014, 12am. The revised price is applicable across the entire service …Read full article » : Saturday, October 25 - 2014 @ 10:41
With the price of Brent crude oil hammered to a four-year low of $84.6 per barrel, Saudi Arabia plans to boost its operations in the renewables and natural gas sectors.
On Wednesday (October 22), Saudi Aramco’s …Read full article » : Thursday, October 23 - 2014 @ 16:35
BP Middle East LLC. inaugurated its new regional head office in Dubai, UAE under the patronage of H.H. Sheikh Ahmed Bin Saeed Al Maktoum, President Dubai Civil Aviation Authority (DCAA), Chairman and Chief Executive Emirates …Read full article » : Thursday, October 23 - 2014 @ 15:27
Dubai Electricity and Water Authority (DEWA) has organised the first Sustainable Office workshop, which is an interactive workshop on efficient use of energy and water. The workshop, organised in collaboration with Emirates Wildlife Society – …Read full article » : Thursday, October 23 - 2014 @ 13:58
The Carbon Abatement Committee held its first meeting where it discussed and approved the carbon reduction strategy for Dubai, which was presented by the Dubai Carbon Centre of Excellence (DCCE).
The Committee is chaired by HH …Read full article » : Thursday, October 23 - 2014 @ 13:51
Kuwait Energy (“the Company”) an independent oil and gas company with assets across the MENA region, and their main partner, the Egyptian General Petroleum Corporation (EGPC), announces that the operated exploration well ASA-1 st3 on …Read full article » : Thursday, October 23 - 2014 @ 12:00
Copper Indium Gallium Diselenide (CIGS) thin-film solar technology generates electrical power by converting solar radiation into direct current electricity. CIGS thin film modules are less sensitive to dust, making the technology ideal for the Middle …Read full article » : Thursday, October 23 - 2014 @ 11:59