Abu Dhabi awards Japan’s INPEX stake in oil concession
Abu Dhabi's state energy company ADNOC said Monday it had awarded Japan's INPEX a 10 percent stake in an offshore oil concession, in a...
Google parent Alphabet may soon top Apple's market value
With the digital advertising market booming and demand for smartphones waning, Google's parent company, Alphabet Inc., is poised to dethrone Apple as the world's...
Oil ouput freeze already in place, says UAE
Emirati Oil Minister Suhail Mazrouei said Monday that current market prices are forcing most producers to freeze oil output levels, insisting it made "no...
Saudi plans stock market reforms to draw foreign money
Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign money and smooth sales...
Iran sees oil output rising to pre-sanctions level by June
Iran's oil production will reach pre-sanctions levels within two months, a deputy oil minister was quoted as saying on Tuesday in what could be...
Oil prices rebound on bargain-hunting
World oil prices rose Thursday on bargain-hunting after a sharp decline the day before, although analysts said the market remains hobbled by an oversupply.
US...
Russia looks to projects with Arab world, others, to offset sanctions
Russia hopes that financing and technology from Arab states and other countries will help its firms weather the fallout from Western sanctions imposed over...
Iran oil exports has been reduced
Iran oil production projects have been reduced, Iran's Oil Minister Bijan Zanganeh said on Tuesday, according to the official IRNA news agency.
Iran has had...
Saudi to unveil 2016 budget with huge shortfall
Saudi Arabia unveils its 2016 budget on Monday with the oil powerhouse expected to project a huge deficit following the collapse of crude prices.
The...
British brands eye growing Muslim consumer market
From young start-ups to business giants, British entrepreneurs are eyeing a rapidly expanding global market for Muslim consumers with a range of brands from...
