The main international and US oil contracts briefly bounced off their lows as Israel and Iran accused each other of...
Fed Chair Jerome Powell told reporters the central bank would make better decisions if it waited a few months to...
KUWAIT CITY, KUWAIT - Kuwait reinvited Iran on Monday to talks on their sea borders after Tehran said it was ready...Iran and Kuwait have held unsuccessful talks for many years over their disputed maritime border area, which is rich in natural gas.
Saudi Arabia is also a part of the dispute since it shares with Kuwait maritime gas and oil resources in the area.
The international oil bloc’s technical team constantly monitors variables in global oil markets and presents its recommendations to the ministerial...UAE updates energy strategies and aligns with climate goals, helping it rank second in global Green Future Index, says a UAE minister
The Gulf country has invested over $50 billion in clean energy projects and pledges an additional $50 billion over the next decade, he adds
Investcorp buys majority stake in SEC Newgate for $100m.SEC Newgate's other shareholders will roll over 100 percent of their equity investment as part of the transaction.
The deal values Milan- headquartered SEC Newgate at over US$250 million, an Investcorp statement said.
- ABU DHABI, UAE - UAE Ministry of Finance (MoF) released its annual report for the year 2022 highlighting performance, initiatives,...
The Ministry of Finance harnesses all capabilities to support the UAE's competitiveness, aligning with the government visions and directions.
The ministry has been keen on becoming a model and global reference for best practices and international standards in government financial work.
The cut which first took effect for July will continue in August and "can be extended", the Saudi Press Agency...The move leaves daily production by the world's biggest oil exporter at approximately nine million barrels per day.
Alexander Novak, the Russian deputy prime minister responsible for energy policy said Russia will voluntarily reduce its oil supply in the month of Aug by half a million bpd.
- In Beijing, Yellen will discuss how the United States views its economic relationship with China, a senior Treasury official said...
Yellen is expected to discuss with her counterparts the importance for both countries to responsibly manage our relationship, communicate directly about areas of concern
Yellen's planned July 6-9 trip comes just weeks after Secretary of State Antony Blinken met China's top leader President Xi Jinping and Foreign Minister Qin Gang in Beijing
The shareholders approved to distribute an 8.3% dividend.The shareholders also endorsed the buyback of two million shares, to be earmarked for the employee stock incentive program
From the date of the EGM approval, the repurchased shares will be kept no longer than seven years and then allocated to employees
The shareholders elected a new board of directors as well.The new chairman has a wide experience in the energy sector and is at present chairman of the board of trustees of the Doha University of Science and Technology
He has served as Qatar's minister for energy and industry, apart from holding the chairmainship of the Board of Qatar Petroleum, now called QatarEnergy
Beirut, Lebanon--Beirut motorists pull up to a drive-through counter -- not for fast-food, but to exchange empty bottles and cardboard for...The country has seen a decline in recycling carried out by the government agencies during its three-year-long economic turmoil
At Drive Throw, the recyclables are sorted carefully, highlighting how recycling could be a solution to Lebanon's trash problem
While the global economy reels from high inflation and the war in Ukraine, the UAE looks poised for positive economic...The economy is expected to sustain its growth on the back of a rise in the purchasing managers' index to its highest level in five months in May this year
The robust increase in new business, according to the S&P Global, underlined growing confidence across surveyed firms about economic prospects
