Edition:
United Kingdom

Stanley Carvalho

India to invite foreign firms to invest in state-owned oil companies

12 Nov 2019

ABU DHABI International energy firms will be invited to participate in India's privatization of state-owned oil companies, the country's Oil Minister Dharmendra Pradhan said late on Monday.

India to invite foreign firms to invest in state-owned oil companies

12 Nov 2019

ABU DHABI, Nov 12 International energy firms will be invited to participate in India's privatisation of state-owned oil companies, the country's Oil Minister Dharmendra Pradhan said late on Monday.

IOC expects diesel demand to recover in six months

11 Nov 2019

ABU DHABI India's diesel demand is expected to recover in the next six months as a longer-than-usual monsoon season that affected transportation and industry has ended, the chairman of top domestic refiner Indian Oil Corp (IOC) said on Monday.

Oman says OPEC, allies likely to extend oil supply curbs

11 Nov 2019

ABU DHABI OPEC and allied oil producers will probably extend a deal to limit crude supply but are unlikely to deepen their cuts, Oman's energy minister said on Monday, as the United Arab Emirates said it was not worried about long-term growth in oil demand.

REFILE-Oman says OPEC+ likely to extend supply curb deal

11 Nov 2019

ABU DHABI, Nov 11 OPEC and non-OPEC producers will probably extend a deal to limit crude supply but are unlikely to deepen cuts, Oman's energy minister said on Monday, as the United Arab Emirates said it was not worried about long-term oil demand growth.

Give or take a trillion - Investors still in the dark on Saudi Aramco value

05 Nov 2019

Saudi Aramco's blockbuster listing remained shrouded in mystery on Monday, a day after the company finally announced its plans, with scant details disclosed and expert valuations varying wildly from around $1.2 to $2.3 trillion. | Video

UPDATE 1-UAE's First Abu Dhabi Bank third-quarter net profit up 3%

24 Oct 2019

ABU DHABI, Oct 24 First Abu Dhabi Bank (FAB) , the largest lender in the United Arab Emirates, reported a 3% rise in third-quarter net profit, driven by higher non-interest income.

SoftBank CEO, planning new tech fund, to attend Saudi forum: sources

24 Oct 2019

DUBAI/ABU DHABI/RIYADH SoftBank Group Corp founder and CEO Masayoshi Son will attend an investment conference in Saudi Arabia next week, two people familiar with the matter said, as the Japanese company seeks to raise funds for a second technology fund.

Abu Dhabi's Mubadala eyes debt market, weighs SoftBank's Vision Fund 2: CEO

17 Oct 2019

ABU DHABI Abu Dhabi state investor Mubadala Investment Co is weighing debt issuance amid attractive market conditions and could invest in oil giant Saudi Aramco's planned share offering, its group chief executive said on Thursday.

UAE lifts Lebanon travel ban as Beirut seeks support for ailing economy

07 Oct 2019

ABU DHABI The United Arab Emirates lifted a ban on its citizens visiting Lebanon on Monday as the Beirut government sought UAE help in steering the heavily indebted economy out of deep crisis.

World News