Articles
Saudi Aramco to pay $18.75bn in dividends as net profit slides
Last week, Sabic, the region’s biggest petrochemicals company, reported its third consecutive quarterly loss on the back of lower product prices
Economy ministry to implement flexible package to support growth
The plan, which will be implemented in three phases, includes 33 major initiatives focusing on development of various sectors
US unemployment falls to 10.2% in July, beating expectations
The rate had risen to an all-time high of 14.7% in April
Iraq pledges to cut another 400,000 bpd of output
Opec+ began easing an historic pact to slash production earlier this month
Sabic posts loss due to lower selling prices and impairment provisions
The company registered a net loss of 2.22bn Saudi riyals for the second quarter of 2020
Oil surges above $46 per barrel amid inventory draw
Gold, a traditional haven asset, also rallied above $2,000 per ounce over geopolitical uncertainty in the Middle East
Adnoc's logistics unit seeks smart growth opportunities after shipping joint venture
AW Shipping may also 'pursue other market opportunities' to deliver maximum fleet efficiency
Chinese wind power developers to speed up capacity addition ahead of subsidy phase-out
Beijing plans to end subsidies for new onshore wind schemes from the beginning of 2021
US crude slips below $40 as Opec+ begins easing cuts
Encouraging manufacturing data should slow down the softening in oil prices, analysts say
What to expect as Opec+ tapers its historic output deal
The group's core Gulf producers will no longer make voluntary cuts while laggards are expected to compensate
Fitch sounds the alarm on US debt as it revises outlook of world's largest economy
The ratings agency expects government debt - the highest of any AAA-rated sovereign - to exceed 130% of GDP by 2021
Sharjah-based Bee'ah to build solar farm over capped landfill
The waste management firm has the highest landfill diversion rate in the Middle East, at 76%
Adnoc adds CNOOC subsidiary as partner on two offshore assets
CNOOC acquired 4% of CNPC’s 10% interest in the Lower Zakum and Umm Shaif and Nasr concessions
Saudi Arabia targets wastewater sector for further privatisation
The kingdom has a plan to raise more than 50bn riyals from the sale of stakes in state-controlled entities over five years
Power piracy costs Iraqi government $12bn in lost revenue
Reliance on Iranian gas is set to continue, says electricity minister Luay Al Khateeb
