The project may cost around $30bn
As of February 2021, the number of electric cars in Dubai has increased to 2,473
Oil has managed to break out from a tight range near $60 a barrel and resume its upward momentum
The fuel retailer will now be among nine UAE-listed companies to be part of the index
ADNOC is looking to sell a minority stake in its drilling unit in a deal that could value the business at up to $10bn
Brent crude has gained over 30 per cent this year to top $68 a barrel
Arabian Drilling may complete a deal on Riyadh’s stock exchange before the end of the year
The official selling price for Murban is determined based on futures trading on the ICE Future Abu Dhabi exchange
Consumption may also get a boost when China breaks for an extended holiday on Saturday
Revenue rose 24 per cent year-on-year to SAR37.5bn and 14 per cent from the previous quarter
The diesel price for next month has been reduced
OQ is tapping the international bond market for the first time in an issuance aimed at raising at least $500m
The global oil market recovery is being driven by China and the US, with positive signs emerging from parts of Europe
The kingdom has no plans to introduce an income tax, Prince Mohammed confirmed
DSI is also bidding for a Dhs260m project in Kuwait and for projects valued at Dhs1.49bn in Iraq
The company could be valued at about $7bn including debt in the listing
The company is also conducting a strategic review of its upstream business
The Abu Dhabi fund would make the acquisition through its energy arm
The company is seeking between $7bn and $10bn of five, 10- and 30-year notes
The company reshuffled its senior management last year and created a division focused on portfolio optimisation
The country plans to be at the forefront of the transition to greener energy and the fight against climate change
The licence was issued to provide services to Saadiyat Island, including Saadiyat Beach, and Saadiyat Cultural District
Dr. Al Jaber said the UAE is well placed to capitalise on the potential of Hydrogen as a zero-carbon fuel
There are now seven ENOC service stations in Sharjah
The highest ranked Arabs originating from Qatar in Gulf Business’ annual Arab power list
The contracts were awarded primarily for the development of company’s district cooling infrastructure in Dubai
The highest ranking entries originating from the UAE in Gulf Business’ annual Arab power list 2021
Deliberations on the potential listings are ongoing and no final decisions have been made
Futures in New York traded near $59 a barrel after dropping 3.5 per cent last week
Mubadala is in talks with US investor EIG Global Energy Partners, the lead member of the consortium