Abu Dhabi financial regulator may create framework for virtual currencies
The regulator of Abu Dhabi's international financial centre said it could create rules for exchanges handling virtual currencies, in a sign that authorities in...
Libya outlines ambitious plans to restore oil output
Libya's National Oil Corporation has ambitious plans to restore output to pre-2011 levels after years of violence and disruption, officials said.
Oil output is now...
Saudi's first privately run air terminal contract awarded to Irish firm
A subsidiary of state-owned Irish airport operator DAA has won the bid to operate Saudi Arabia's first privately run terminal, official media in the kingdom...
BAE Systems sees flat earnings in 2015 on Typhoon jet production cut
Europe's biggest defence company BAE Systems plc warned on Thursday it would see no growth in earnings in 2015 after it reduced the rate...
More Russian oil drilling shows its resolve to OPEC
Russian oil firms are drilling more, showing the world's top crude producer is ready for a longer fight for market share with OPEC, as...
Falih slowly wins back OPEC for Saudis
Russian oil billionaire Vagit Alekperov isn't easily swayed, but Saudi Arabia's new Energy Minister Khalid al-Falih achieved it this week.
Intense diplomacy by the soft-spoken...
Deputy Crown Prince chairs first meeting of Supreme Council of Saudi Aramco in Jeddah
The Supreme Council of the Saudi Arabian Oil Company (Saudi Aramco) held its first meeting on Wednesday evening in Jeddah.
The meeting was chaired by...
Saudi Arabia: Low oil price threatens future supply crisis
Leading crude oil exporter Saudi Arabia warned on Monday of a supply crisis after massive energy investments were cancelled because of the sharp decline...
IEA expects limited impact from oil output freeze at Doha
A deal to freeze oil production by OPEC and non-OPEC producers will have a limited impact on global supply and markets are unlikely to...
Iraq boosts southern ports oil export capacity to 4.6 mln bpd -statement
BAGHDAD, Oct 29 (Reuters) - Iraq has announced that it has managed to boost oil export capacity from its southern ports to 4.6 million...
