Companies must not compromise critical industry assets in their endeavour to reduce costs, said experts at the Adipec Offshore and Marine conference.
Experts also emphasised during Adipec’s inaugural Offs
Abu Dhabi National Oil Company (Adnoc) is looking to take advantage of market conditions and bring down the operating cost of its projects by 25 per cent, a top executive said.
"From Adnoc's point of v
The author is a Reuters contributor. The opinions expressed are his own.
Studying abroad may be an alluring idea in college. But the cost makes it a reality for only about 300,000, or 1 per cent, of students each year, ac
As prices of food, water and electricity rise further beyond reach, struggling Iranians are losing belief in their pragmatic president, Hassan Rouhani, and his promise of a brighter future.
The country has been hit by the double h
An economic rebound has catapulted house prices and rents in Dubai to Manhattan-like peaks, forcing increasing numbers of residents to move to its cheaper outskirts or even to consider returning home abroad, said the city's top property webs
The volume of announced and planned projects in the UAE in 2014 is expected to be worth $315 billion, and as of May 2014, $212 billion worth of construction projects were under construction, a new report said.
The UAE’s cons
Agility, a leading logistics group, has a reported a net profit of KD11.24 million ($40 million) for the first quarter, up 11 per cent compared to KD10.13 million the same last year as cost savings helped to offset lower revenues.
Samba Financial Group, Saudi Arabia's third-largest bank by market value, posted a 7.1 percent rise in first-quarter net profit on Tuesday, beating analyst forecasts as operating expenses fell.
The bank said it made a profit o