Saudi Aramco is estimated to import 8.9 million barrels of diesel in June, up from around 6.7 to 7.5 million barrels in May.
The Kingdom produced 9.136 million bpd of oil in March, 14,000 bpd less than in February.
Good and stable oil prices over the last year were one of the most important factors, according to the National Bureau of Statistics.
The company’s financial impact of the shut-down is initially estimated at SAR119 million.
The trio, covering in-flight catering, ground handling and cargo, now fall under Etihad Airport Services, a wholly owned subsidiary of Etihad
Focus is currently on the US and Europe but it will come to the Middle East.
Nizar Mohammad al-Asani replaced Farouk Zanki as CEO at the oil firm and the cabinet approved the nomination of six board members.
The park, spread across 34,000 square meters, is slated for completion in the first quarter of 2015.
The hotel is raising the syndicated loan to refinance existing debt and provide new funds.
An investigation traced the attacks to hundreds of internet protocol addresses in a number of countries.
The Bank of London and The Middle East plans to open an office in Dubai this year to help boost its capital markets.
In April, Versace CEO Gian Giacomo Ferraris said the house may consider opening the company to outside investors to help fund expansion
Hotels in Ajman, Fujairah and the delayed resort in Abu Dhabi will open alongside new projects in Riyadh and Amman.
One of the world’s richest countries per capita, Kuwait has struggled for years to get big infrastructure projects off the ground because of bureaucratic red tape and political turmoil.
The Capital Market Authority announced a series of measures designed to reduce the volatility of shares, make them harder to manipulate and improve the quality of listed companies.
The Gulf state upped its original 2012 expenditure plan by nearly 19 per cent in September 2011.
Air services provider dnata already owned 50 per cent of Servair Airchef in Italy.
Emirates NBD plans to meet investors on roadshows in Asia, London and the UAE.
DAMAC filed an international arbitration case against Egypt in 2011 over the conviction of its chairman and owner, Hussain Sajwani.
Airline will be keeping its fingers crossed for a smooth summer schedule – as will Boeing as it resumes B787 deliveries
Brisbane passengers will soon be able to travel on the popular double-decker and Auckland will be served by three daily Emirates A380s from early October
The deal, which will see Kuwait Airways pay around 850 million dinars ($2.98 billion) for 25 new planes, could be closed this month.
Germany’s second-biggest carrier, almost 30 per cent-owned by Etihad, suffered a first-quarter loss before interest and tax (EBIT) of 188.4 million euros ($244.5 million).
A software engineer claimed that the company had asked him to build surveillance tools to intercept customers’ messages on Twitter.
Carlyle acquired its 30 per cent stake in General Lighting for an undisclosed amount in March 2010.
Boeing said on May 2 that it had begun offering the new 777X mini-jumbo jet.
Dubai hopes to tap into the trillion-dollar Islamic finance industry and has ambitious aspirations to become the global hub. Can it succeed?
On an annual basis, inflation edged up to a two-year high of 0.9 per cent, up from 0.6 per cent year-on-year in March.
The inaugural flight carried the code of the Dutch airliner KLM as it took off for Netherlands’ capital city on Wednesday morning.
ADIA said John McCarthy will oversee its existing portfolio and originate new transactions.