UAE inks deal to build oil pipeline connecting Ethiopia and Eritrea

The UAE recently signed an agreement to build a pipeline connecting Ethiopia to the Eritrean.

Development of the UAE’s second nuclear power reactor is in the completion stage

Development of the UAE’s second nuclear power reactor is almost in the completion stage with.

Saudi Aramco’s cancellation of any IPO may question Kingdom’s economic reform commitment

The possible abandonment of an international listing of a share in Saudi Aramco will likely.

TAQA’s profits soar fivefold following a surge in crude prices

  Abu Dhabi National Energy Co (TAQA) reported an almost fivefold jump in profit after.

Tristar will undertake terminal modernisation and a capacity expansion program for Dubai chemical terminals in the next five years

Shipping firm Tristar, based out of UAE has combined its presence in Dubai’s Jebel Ali.

Kuwait: OPEC and non OPEC agreement causes global oil stability, says Al Rashidi

In the latest statement given by the Kuwaiti oil minister Bakhit al-Rashidi, the recent OPEC.

Saudi Arabia pumps record volumes of crude oil to meet consumer demand

Excessive production by Saudi Arabia to meet consumer demand led to OPEC’s output being increased.

Saudi’s Zahid Group buys 50% stake in German solar power developer Greencells

A subsidiary of Saudi conglomerate The Zahid Group has bought a 50 percent stake in.

Saudi Basic Industries Corp Gains 81% Increase in Second Quarter Profit

  Sabic said it has put into use a “strategic restructuring initiative” that made an.

Oil production may increase further

The agreement by OPEC members in June to increase oil production by up to as.