Saudi Arabia-Russia agree to slash oil output and end the oil price war
The parties agreed to cut production by about 10 million barrels a day in May and June...
Tag : Middle East
Airlines in UAE could lose $5.36 bn in revenue due to coronavirus
IATA reports that around 287,863 jobs could be cut in the UAE aviation sector...
Adnoc to continue investments to achieve 2030 targets
Adnoc wants to produce 5 million barrels of oil per day by 2030...
Mubadala to launch a healthcare fund in light of Covid-19 outbreak
The fund will invest in digital health technology and life science...
Trump, US oil companies to discuss tariffs on Saudi oil
CEOs of Exxon Mobil, Chevron, and Occidental Petroleum are set to meet Trump at the White House...
Aramco mulls selling pipeline stake to raise cash
Aramco needs cash to deal with the slump in oil prices and the coronavirus pandemic...
Saudi Arabia to develop $1.8 bn chemical plant in the kingdom
The project will be developed by Saudi Arabia’s Advanced Petrochemicals and South Korea’s SK Gas Petrochemical...
UAE banks provide 98% of services digitally amid coronavirus outbreak
A study also revealed that digital banking users significantly increased to 90%...
Real Estate deals in Oman fall by 30.6% in January 2020
The number of plots issued also falls by 14.7%...
10 banks commit $9 bn in loans as a part of DP World debt deal
The group of 10 banks includes Credit Agricole, Emirates NBD, First Abu Dhabi Bank, HSBC, JPMorgan, and Standard Chartered...