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Sources say sovereign funds from Abu Dhabi and Kuwait are part of one of the groups in bidding process
Essam al-Marzouq said non-OPEC countries have pre-set commitments and that compliance to the cut would be gradual
Substantial investment in Gulf power projects needed over next five years, says Ventures Onsite
Latest sale brings Shell’s total divestment to $8.7bn since April 2015
Gov't has previously said it planned to sell shares in the Az-Zour North Independent Water & Power Project to the public in mid-2017
'New Kuwait' aims to increase direct foreign investment by 300%, position country as global hub for petrochemicals industry
Khalid al-Falih said Saudi Aramco is operating about 220 drilling rigs thanks to continued investment in capacity despite low oil prices
Oil Minister Essam Al-Marzouq says intends to lead by example; happy with current oil price
France will 4.5 euros per Areva SA share to minority investors which include Kuwait's investment fund
State-owned energy giant has notified its clients of the production cuts from the start of January
Four new cooperation agreements reportedly signed 'to deepen ties' between the two countries
Kuwaiti oil and gas exploration and production company has assets in Egypt, Iraq, Oman and Yemen
Kuwait Fund for Arab Economic Development agrees to lend funds for substation construction
Kuwait is preparing to restart production from oilfields jointly operated by Saudi Arabia and Kuwait
Marzouq has previously served as head of the country's stock exchange and as a board member of Kuwait Petroleum Corp
First orders of Model S and Model X vehicles are expected to be delivered in Dubai this summer...
Everyone from celebrities to fashion bloggers show off their style
List of top 30 CEOs in Abu Dhabi and Dubai
Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan will be the chief guest of honour...
Download these mobile money-makers to your smartphone and start saving
Annual award ceremony saw more celebrities opt for Arab designers
Bringing the magic from the screen to the red carpet, the final night of the Dubai International...
Welcome to the 2016 Arabian Business guide to the world’s most influential young Arabs.
Dubai ranked eighth while classic romantic destinations such as Venice came in ninth place
Looking at the strategy being played out in Downtown and at Dubai Mall it looks like someone has already worked out that the game is up with regard US... more
Just ponder over it for a moment; ethical leadership enhances the company’s reputation in the financial market and society at large. A solid reputation... more
Can't wait to pay 5% VAT on my DEWA housing fee - tax on tax!
I feel with VAT in place from 2018, retailers, SMEs will figure out ways of Tax-evasion as it happens in most of the developing economies unless authorities... more