Saturday 5 September 2015
 
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Adnoc capex to hit $100bn in four years

The Abu Dhabi National Oil Company (Adnoc) will spend more than $100 billion in the next four years on increasing its oil production capacity and building other oil and gas facilities, a senior official said. The company is on tra

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Saudi Arabia 'faces oil, fiscal challenges'

The sharp rise in Saudi Arabia’s domestic oil consumption and the increasing government spending pose huge challenges for the kingdom’s economy, says a report. There is widespread understanding that with oil prices around $100 per barrel,

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UAE spending seen in line with plan

The United Arab Emirates will keep to its 2010 federal spending target of 43.6 billion dirhams ($11.9 billion) and will end the year with a balanced budget as planned, a senior finance ministry official said. The world's third-largest oil

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