Saturday 28 November 2015

High food prices 'to push Eurasia into poverty'

More than five million people risk falling into poverty in Eastern Europe and Central Asia as a result of higher food and energy prices, a World Bank official said. 'While we do see steady growth projected this year and next in the reg


Lamprell inks Eurasia rig construction deal

UAE-based Lamprell said it has signed a deal with Eurasia Drilling Company (EDC), a major provider of onshore drilling services in Russia, for construction of a Le Tourneau designed super 116E jackup drilling rig in the Caspian Sea.


UAE set to award $40bn nuke contracts

The UAE is days away from awarding the largest ever energy contract in the Middle East for the development of a nuclear power plant, industry sources said on Tuesday. The contract to build at least four reactors is expected to cost the wor

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