The new Iranian oil contract, known as Iran Petroleum Contract (IPC), will be finalised in the next one and a half months. The first contract is expected to be signed in three to four months’ time, Iran’s Deputy Oil Minister for In
Finance House has registered a net-profit of Dh64.7 million ($17.6 million) for the nine months ended September 30, compared to Dh73.3 million for the full year ended December 31, 2014.
On the back of steady gr
The revenues of Egypt’s Suez Canal declined to $448.8 million in September, from the $462.1 million in August, according to data released by the Suez Canal Authority (SCA).
The figure marks a 2.87 per cent decline ($13.3 mil
Hotels in the Middle East and Africa (MEA) region witnessed positive growth across occupancy rates, average daily rates and revenue per available room (RevPAR) with RevPAR increasing 13.2 per to $103.25 in September, according to a report.
Last month was the hottest September in Bahrain since 1902. The mean temperature for the month was 34.5C. This is 2.1C above the long-term normal. It goes on record as the highest mean monthly temperature for September, which is the same as Se
Abu Dhabi National Oil Company (Adnoc) set the September retroactive selling price for its benchmark Murban crude at $46.60 per barrel, down $2.25 from a month ago, Adnoc said.
The September Murban official sel
Saudi Arabia is expected to raise prices for crude it sells to Asia in September due to a stronger Dubai benchmark, traders and analysts said, adding that the top oil exporter will be wary of a hike so big it would threaten its market share.
Tank Storage Asia, a leading event for terminal operators, oil companies, traders and regulators in the Asian market, to be held in Singapore will provide an opportunity for delegates to gain insights on a local and international scale.