KUWAIT city: Kuwait National Petroleum Co (KNPC) plans to spend $40bn in the period to 2022 on projects including a new refinery and...
KUWAIT city: Kuwait National Petroleum Co (KNPC) plans to spend $40bn in the period to 2022 on projects including a new refinery and...
LONDON: Global oil prices diverged yesterday in a subdued start to a week that will be centred on the OPEC cartel’s output meeting,...
DUBAI: Dubai Festival City (DFC), a unit of conglomerate Al Futtaim Group, is in the process of raising a Dh3.9bn ($1.06bn) loan facility...
A Kuwaiti man withdraws cash from an ATM outside a Kuwait Finance House branch inside the Avenues Mall, the largest shopping centre in...
VIENNA: Iran will try to persuade Saudi Arabia to cut oil production when the oil ministers from the two Opec members meet this...
DUBAI: Mobily, Saudi Arabia’s second-biggest telecom operator, has suspended chief executive Khalid Al Kaf and put his deputy Serkan Okandan in charge pending...
CAIRO: Egyptian real estate company Amer Group plans to split into two companies in an attempt to create more opportunities for its development...
CAIRO: Egypt hopes to attract investment of $10bn-$12bn in 20 projects, including in energy, transport and water, at a major conference in mid-March,...
MARRAKESH: Morocco plans to boost state spending in support of industry and reform regulations as part of an effort to double foreign direct...
KUWAIT CITY: State-owned Kuwait Airways Co said yesterday that it has agreed to buy 10 Boeing 777-300ERs, with delivery to begin in two...
RIYADH: Foreign institutional investors are expected to begin direct trading of Saudi Arabian stocks before April next year, the Asharq Al Awsat newspaper...
DUBAI: Kuwait’s dinar rose sharply against the US dollar in the forwards market yesterday in response to news that the Kuwaiti central bank...
DUBAI: Aviation will account for more than a third of Dubai’s economy by 2020, a study said yesterday. Oil-poor Dubai has spent years...
DUBAI: Iran’s oil minister accused some countries yesterday of making up excuses to justify their refusal to stabilise prices by cutting output, a...
DOHA: The GCC construction sector is leveraging advanced construction software to deliver on its $1.3 trillion value, industry experts announced yesterday in Dubai....
DUBAI: Kuwait’s cabinet called for practical steps to address the slide in oil prices yesterday at a special session convened to examine weakening...
DUBAI: Opec hawks Iran and Venezuela yesterday called on fellow crude producers to shore up prices that have plunged more than 30 percent...
A general view of the offshore Kristin oil and gas platform in the North Sea, east from Kristiansund. Norway looks set actually to...
