Tuesday 30 May 2017
 
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Oil

No light at the end of the Opec tunnel

Organization of the Petroleum Exporting Countries (Opec) and several non-Opec countries have finalised plans to extend production cuts for an additional nine months (through Q1 2018) without specifically articulating an exit strategy, said an ex

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UAE leads Gulf foray into $165bn Caspian Sea market

The UAE is spearheading the Gulf region’s push into the Caspian Sea states as Azerbaijan, Kazakhstan and Turkmenistan offer an increasingly attractive proposition to companies affected by the slowdown in oil and gas projects activity proje

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Saudi, Russia agree to extend deal to cut oil output

Saudi Arabia and Russia have agreed to extend the Opec and non-Opec oil output reduction deal for another nine months till March 2018, reports said. Saudi Energy Minister Khalid Al-Falih and Russian Energy Minister Alexander Novak

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Saudi Arabia, Russia agree oil output cut extension

Saudi Arabian and Russian energy ministers met on Monday in Beijing, China and jointly stated that a deal to cut crude supplies would be extended from the middle of this year until March 2018, a report said. Opec and other produce

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Enoc in smart gas station technology tieup

Emirates National Oil Company (Enoc) has partnered with Blue Rhine Technologies, a digital signage specialist, on the first of a series of ‘smart’ gas stations planned across the Emirates that will greatly enhance the customer experi

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Oil longs lose faith, China worries hit metals

Most major commodities managed to stabilise on Friday following a week of heavy selling. Steep losses were seen across the major sectors of energy together with industrial and precious metals. The Bloomberg Commodity index fell to a nea

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IBBC names new regional operations head

Iraq Britain Business Council (IBBC) has appointed Vikas Handa as the UAE Representative to run its office in Dubai and also run its operations across Middle East & North Africa (MENA) region. Handa was previously with the Wei

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IBBC names new regional operations head

Iraq Britain Business Council (IBBC) has appointed Vikas Handa as the UAE Representative to run its office in Dubai and also run its operations across Middle East & North Africa (MENA) region. Handa was previously with the Wei

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World food prices plunge for third straight month

World food prices in April fell from the previous month led by lower sugar prices, the United Nations food agency reported.   The Food and Agricultural Agency's (FAO) Food Price Index – which measures t

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Kuwait awards $4.6bn infrastructure contracts in Q1

Kuwait’s projects market has started 2017 with a bang with the government having awarded KD1.4-billion ($4.6 billion) contracts in the first quarter and another KD6.2 billion ($20 billion) worth of contracts likely by the year-end, said a

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