Israel soon to open Abu Dhabi office for renewable energy
Israel's Foreign Ministry says the country will soon open an office at a renewable energy agency in Abu Dhabi, the United Arab Emirates' capital...
Brexit uncertainty prompts IMF to cut global growth forecasts again
The International Monetary Fund (IMF) cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain's looming exit from...
Samsung Engineering reaches milestone in Saudi Arabia project
SAMSUNG Engineering Co., Ltd, revealed that it has reached a major milestone is terms of safety with Aramco’s Shaybah project. Samsung achieved the new...
A steep oil prices crash amid virus fears
On Monday, Wall Street stocks fell 8 percent amid an oil price crash and worries about the rising economic toll from the Coronavirus epidemic.
Near...
Sterling dips below $1.50 for first time since April
Sterling dipped below $1.50 for the first time since April on Monday after a policymaker warned about the impact of a strong pound on...
Saudi Arabia targets Russia in battle for European oil market
From global majors such as Shell (RDSa.L) and Total (TOTF.PA) to more modest Polish energy firms, oil refiners in Europe are cutting their longstanding...
Oman funds Iran's Khodro sign MoU for $200 million auto venture
An Omani sovereign wealth fund has signed an understanding with Iran's biggest auto maker, Iran Khodro Industrial Group, to study a proposal for a...
Qatar fund sells 10% stake in Hochtief for 540M euros
Qatar's sovereign wealth fund says it has sold off its roughly 10 percent stake in German construction firm Hochtief for about 540 million euros...
Donor conference raises $1.8 billion for Sudan – Germany
Berlin (AFP) - Pledges worth $1.8 billion were made at a donor conference to drum up international support for Sudan on Thursday, said Germany's...
Qatar forecasts $12.77 billion budget deficit
Energy-rich Qatar has forecast a budget deficit of more than $12 billion in 2016, citing a sharp drop in oil and gas prices, local...
