DUBAI - Saudi Aramco will invest 100 billion riyals ($27 billion) in building the Ras Tanura petrochemical project with Dow Chemical Co. as the world’s biggest state oil company maintains spending to expand production amid the global credit crunch.
DUBAI - Saudi Aramco will invest 100 billion riyals ($27 billion) in building the Ras Tanura petrochemical project with Dow Chemical Co. as the world’s biggest state oil company maintains spending to expand production amid the global credit crunch.
ABU DHABI - Takreer, Abu Dhabi based refinery company, plans to announce the Engineering Procurement and Construction contract for building the Ruwais refinery project which will have capacity to refine 400,000 barrel per day.
DUBAI - UAE shares rose sharply on Tuesday, sparked by a rally in global stocks after the US government detailed plans to wipe out toxic debts
 and assets.
DUBAI - Casino operator MGM Mirage on Tuesday disputed allegations of breach of contract and mismanagement made against it in a lawsuit filed by a Dubai World unit that has partnered with the Las Vegas company in an $8.6 billion US property venture.
DUBAI - Dubai’s first low-cost airline — flydubai — has unveiled details of its plan to bring a fresh new approach to air travel in the region.
DUBAI - Dubai’s first low-cost airline — flydubai — has unveiled details of its plan to bring a fresh new approach to air travel in the region.
The UAE Ministry of Foreign Trade (MoFT) has participated in the latest interactive joint workshop held recently by the World Trade Organisation (WTO) and Arab Monetary Fund.
ABU DHABI - The Emirates Telecommunication Corporation, or Etisalat, plans to invest $1 billion in the burgeoning Indian market where it has a minority stake in Swan Telecom.
ABU DHABI - Aabar Investments PJSC received a $1.41 billion capital infusion from a company owned by the Abu Dhabi government, just a day after splashing out almost twice that amount to become the largest shareholder in German carmaker Daimler AG.
ABU DHABI - Abu Dhabi National Oil Company (ADNOC) announced today it would cut crude supplies to its clients for May.