German utility RWE moved to restructure its businesses to better absorb the cost of nuclear plant closures on Tuesday, sending its shares up nearly 17 per cent, their biggest one-day gain in seven years.
To extract funds from its
All crude flows to Libya's Zueitina port have stopped after protesters demanding jobs blocked a pipeline, forcing the closure of several eastern oilfields, oil officials said.
State oil firm NOC confirmed t
Yemen's Aden Refinery Company has declared force majeure on its oil imports and exports, a refinery source told Reuters, as the civil war escalated.
Several cargoes have been deferred from the refinery and
Dubai International said the passenger traffic through the main airport fell 2.5 per cent from a year earlier to 5.09 million people in May because of construction work on its two runways.
Dubai International welcomed more than 5
Thousands of small and medium enterprises (SMEs) in Bahrain are on the verge of closure, warned businessmen.
They say around 5,000 businesses are still struggling to stay afloat as they have not recovered from
Bahrain lost more than a million passengers last year as a result of Bahrain Air going into voluntary liquidation, said a report citing government figures.
The restructuring of Gulf Air also played a major role in a 13 per cent dr
The UAE has shut down the Abu Dhabi office of the Rand Corporation, the American policy research institute, in the latest of several closures of foreign research institutions and think tanks in the Gulf Arab state this year.
Parts of British airspace may have to close from Sunday until Tuesday due to volcanic ash from Iceland, the government said on Saturday.
Different parts of airspace including the south east, where Europe's busiest airport Heathrow is l
Investcorp Technology Partners (ITP) has raised $500 million through successful closure of ITP III and LP Fund, an official said.
ITP, a buyout investor in growing small- and medium-sized technology businesses, has now total accumulated as