Articles
BP swings to $3.1bn profit in second quarter amid higher oil prices
Oil company will increase dividend by 4% and also begin a $1.4bn share buyback programme
Norway's DNO doubles stake in Iraqi Kurdistan concession
Company to pay $15m for ExxonMobil's 32% stake in the Baeshiqa field
Saudi Aramco denies plans to mine Bitcoin
Some countries, including China and Iran, have cracked down on practice, prompting miners to look for new places to mint cryptocurrency
Moody's keeps Apicorp's credit outlook stable amid strong profitability
Apicorp is owned by the 10 members of the Organisation of Arab Petroleum Exporting Countries
Moody's maintains Egypt's stable outlook amid fiscal reform
Egyptian economy has fared better than other Mena economies despite last year's coronavirus-induced headwinds
Around 75% of expats to continue living abroad post-pandemic, survey finds
Around 87% of those surveyed in the UAE felt confident in maintaining their expat status
Oil prices to finish week on a strong note
Benchmarks gain more than 11 per cent since Opec+ on July 18 agreed to bring more supply to the market
Saudi Arabia to use Fourth Industrial Revolution tech for energy transition
The kingdom has in recent years made efforts to diversify its economy away from oil and decarbonise its utility systems
ExxonMobil to collaborate with Egypt's Trella
Freight marketplace start-up has operations in North African country, Saudi Arabia and Pakistan
Iraq approves plan by TotalEnergies to develop Ratawi gasfield
The French company, which was previously known as Total, will also build a 1-gigawatt solar power plant
Consumers more receptive to digital currencies issued by a central bank
Survey finds several countries are considering issuing digital currencies, with India being the latest
Oil prices recover losses as market remains tight
Opec+, led by Saudi Arabia and Russia, has extended its agreement until December 2022
US vaccine and fiscal policy puts economy on strong footing, IMF says
The Washington-based lender raised its 2021 US growth projection to 7 per cent
Emissions to rise as renewables make up just 2% of Covid stimulus plans, IEA says
Governments around the world have committed to spend only $380bn on clean energy to help navigate the pandemic
Oil extends decline as concerns over Covid-19 variant mount
The crude benchmarks slipped below $70 per barrel following the resolution of a weeks-long deadlock among Opec+ producers
