WBG will utilise the rail network’s operations for the distribution of materials from its crusher location at Tawyeet.
The payment will have a significant impact on earnings, the company said.
The french utility company signed a 25-year power and water purchase agreement with the Abu Dhabi Water and Electricity Company.
Any setback to the government in Southern Iraq could lead to greater demand for the more liquid currencies like the yen, the dollar and the Swiss franc.
The company said that it cancelled the IPO due to challenging public market conditions.
The new facility will further expand the company’s presence in the UAE.
The 132/11kV substation is one of the projects that DEWA has launched to build the emirate’s power capacity.
The purchase will increase AOC’s ownership of S-Oil to 63.4 per cent from 34.99 per cent, AOC said in a statement.
Increasing dependence of the GCC states on oil revenues poses a rising credit risk, a new survey by S&P says.
Abraaj bought a controlling stake in KES Power, the majority shareholder in K-Electric, in 2009.
Abu Dhabi Fund for Development will provide finance to construct a 6 MW solar power plant in the city of Freetown in Sierra Leone.
The terminal, slated to arrive in September, is now expected in October or November, according to sources.
Waha Capital bought a 20.56 per cent stake in National Petroleum Services for $76 million.
Construction has begun and should be completed in the first quarter of 2017, with commercial operations beginning later in that year, a statement said.
The adoption of the amendments clears the path for the project, which was initially delayed due to lack of funds following the financial crisis.
Currently, the market is well-supplied and prices above $114 a barrel are the result of market nervousness, OPEC Secretary General Abdullah al-Badri said.
Saudi Arabia has the ability to pump to its full capacity of 12.5 million barrels per day, an official said.
Mubadala Petroleum said it found substantial gas in the Pegaga well in its operating block SK320.
Al Suwadi Power Co and Al Batinah Power Co, each offered a 35 per cent stake to the public in offerings worth a combined $162.9 million.
Oil prices neared nine-month highs late last week, touching $115 a barrel.
Oman Oil Refineries and Petroleum Industries Co (Orpic) said supply to the market will not be interrupted.
The project will be developed on a build, own, transfer (BOT) basis with a total investment of $2 billion, ACWA said.
The loan has a lifespan of 15 years but there is a grace period of ten years before repayments begin, a statement to Riyadh’s bourse said.
Under the proposed new arrangement, the Reserve Bank of India would buy the dollars from authorised currency dealers, instead of the Indian oil buyers tapping the currency market.
Baiji, one of three oil refineries in Iraq, was shut down amidst rising sectarian violence in the country.
The agreement will facilitate joint investments by both organisations in clean energy projects and green technology investment funds.
The threat has been issued by Anonymous, a politically motivated group of hacktivists, according to Symantec.
DEWA’s customers conducted around 3.3 million transactions in 2013 through its website and smart app, its chief executive said.
Shares in Dana Gas dropped 4.8 per cent on Sunday as part of a wider rout in Gulf stock exchanges that was partly due to the news from Iraq.
The OPEC meetings since 2012 have produced no policy change.