Iraq has said that it is reviewing its oil production agreements with international firms because falling crude prices meant that the financial cost of existing service contracts were too high to bear.
Oil Minister Adel Abdel Mehd
Deals worth Dh18.328 billion ($5 billion) were signed at the International Defence Exhibition and Conference (Idex 2015), held in Abu Dhabi, UAE.
There were 33 contracts signed during the event, which also included the third Naval
Chief executives got their deal-making confidence back in 2014, emboldened by a clearer outlook for their businesses to take the global value for mergers and acquisitions (M&A) to their highest annual level since 2007.
Indonesia expects to sign agreements with China's CNOOC, Saudi Aramco and two other oil companies next week covering direct oil sales and refinery investments in Southeast Asia's largest economy, a senior Pertamina official said.
More than €4.5 million ($5.6 million) worth of retail deals were signed at Al Fares 2014, an international equine trade fair, which recently concluded in Dubai, UAE.
More than 5,000 trade visitors from the equine industry vis
A revised contract signed last week by British oil major BP and China's CNPC for Iraq's Rumaila oilfield has raised both companies' stakes in a joint venture formed to develop the field, a senior Iraqi oil official said.
Airbus and Boeing climbed close to the $100 billion mark for plane deals at the Farnborough Airshow yesterday (July 16), demonstrating healthy demand for new passenger jets despite concerns raised by their already record full order books.
Investor support for large acquisitions and a desire to trump rivals in consolidating markets have led chief executives to strike big transactions so far in 2014, raising year-to-date global deal volumes to their highest level in seven years.
UAE's top telecom services operator Etisalat has launched a special package for its customers which offers them exclusive deals on movies, dining and fun activities every Wednesday.
Announcing the launch of special ‘Etis