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OPEC oil output reached the highest monthly level in recent history in July, according to Reuters survey
Iraq's southern oil exports rose in July to a record average of 3.064 million barrels per day
Company says it will look at accelerating plans to enter 'new geographies regionally' following UAE's new petrol pricing policy
Government pledges to work with authorities to monitor the market following the changes
Distribution arm of Abu Dhabi National Oil Company reveals major expansion plan on back of UAE's change in petrol pricing policy
State-run Kuwait National Petroleum Co commissions consortium to build refinery project
Price of diesel set to fall 29% following first monthly announcement by UAE's Ministry of Energy
Korean construction giant is hired for 2,500MW power plant; slated for completion in June 2018
Report analyses likely impact on UAE citizens, as government committee prepares to release subsidy-free prices today
UAE gov't says nationals will not be given financial support to offset cost of living increases arising from plan to scrap fuel subsidies from August 1
The JV between Saudi Aramco and Japan's Sumitomo Chemical made a profit of $134.64 million in the three months to June 30
Sipchem blamed the profit slump on its closing of some plants for maintenance and "significant decrease in product sales prices"
Agency predicts policy move will set a positive fiscal precedent in the region
SABIC made a net profit $1.64 billion in the three months ending June 30
There will be no reduction in wages as a result of shorter hours, the Ministry of Labour announced...
Holy month is likely to start on June 18, with gov't employees working 9am to 2pm
With the theme 'Creating a Regional Framework for Prosperity and Peace through Public-Private...
King Abdullah II says projects will be delivered via public private partnerships; part of new...
Prominent firms stump up support for new youth unemployment target for WEF’s Regional Business...
Gordon Brown says public-private partnerships needed to drive urgently needed infrastructure...
Aramex chief Fadi Ghandour says youth unemployment is biggest challenge and biggest opportunity...
Riyadh's new rulers enjoy more scope to make dramatic and unexpected interventions than their...
Organisations seeking donations to help provide relief to thousands of victims
I understand and agree with the economic reasons for this move. They are logical. But bringing the environmental benefits into this isn't justified when... more
This should slim down the massive engine 4WD and 'Muscle' car market, thank you for the carbon emission effect at least, although a 24% increase will not... more
Real estate Agents have to paint a rosy picture no matter what. They do not live in a real world. However sooner or later reality sinks in with over supply... more
@doug bearing in mind that the majority of goods are transported here via the road using trucks operating on diesel then the cost in shops should remain... more
The next step should be to increase utility prices. Too much electricity is wasted in air conditioning and lighting. If prices are doubled, then people... more
I would love to give my employees off at least on Sunday, but unfortunately, we are restricted by market conditions... I have customers that will be open... more
There is nothing “amusing” about watching depressed marine mammals circling in barren concrete tanks and forced to perform demeaning tricks. Keep SeaWorld... more