The Organization of the Petroleum Exporting Countries (Opec) oil supply in May climbed further to its highest in more than two years as increasing Angolan exports and record or near-record output from Saudi Arabia and Iraq outweighed outages i
Saudi Aramco is in negotiation to buy 1.7 million barrels of gasoil for delivery in May, its largest spot requirement in recent months, to meet a potential rise in domestic demand for the power generation fuel in summer, industry sources said.
Top oil exporter Saudi Arabia is expected to raise prices for most grades it exports to Asia for a second straight month in May as firm refining margins supported demand in the region.
The Opec producer last mo
Gulf Aluminum Rolling Mill Company (Garmco), a Bahrain-based international aluminum rolling mill and downstream aluminum facility in the Middle East, sponsored May Al Haji in the ‘Ironman’ New Zealand competition held earlier this mo
Oman’s first commercial renewable power project is set to go operational by May at Al Mazyunah in Dhofar, according to a report.
The 303kW solar power plant, executed by US-based Astonfield and local firm Multitech, will be
Last month was Bahrain's second hottest May since records began in 1902.
The highest temperature recorded last month was 45.1C on May 28, the Transportation Ministry's Meteorological Directorate said in
International experts will give overviews of the global financial and regulatory developments from the perspective of Islamic finance will be the highlight of a summit to be held in Mauritius in May.
The Islamic Financial Services
Yemen's annual inflation climbed to a 15-month high of 14.2 per cent in May, mainly due to increases in food, tobacco and qat prices, while June foreign currency reserves fell to their lowest level since August 2012.
Middle East carriers had the strongest year-on-year traffic growth for any region at 11.7 per cent, said the International Air Transport Association’s (Iata) global passenger traffic results for May.
But with capacity up 12.
Middle Eastern carriers carried 9.7 per cent more cargo in May this year compared to the same period last year, while the growth in the global air cargo market continued to flatline, said a report.
The air cargo demand in the regi