Ratings of Etisalat, Mubadala and SABIC have been placed on review
Company plans to increase production to more than 20 billion standard cubic feet
Saudi Arabia’s labour ministry said to have stopped providing services to the construction giant, including social security
EFG Hermes said oil prices would remain between $50-60 in the longer term
Reports suggest Saudi Arabia wants to watch Russia and Iran before making any move.
Dubai intends that 7 per cent of its energy should be from clean sources by 2020
IMF head said emerging markets were slowing down
Several major oil producers have agreed to freeze output at January levels
Major oil producers Saudi and Russia calling for joint production cap
The move had no impact on UAE markets
Declining spend on infrastructure likely to hit non-oil growth
Saudi oil minister says freeze is “adequate” for the market
Unit one is scheduled to begin operations in 2017
Reports suggested the country was widening its oil discount for March
Excess energy can be sold to the utility
New report from BoFA says non-OPEC supply will fall to 56.4m bpd in 2017
Median of 17 estimates points to a positive end to the year
The UAE’s decision to deregulate oil prices has boosted national oil companies, writes Al Falasi
The emirate plans to produce 75% of its power output from clean sources by 2050
Petrol rates are down around 6.5 per cent as Brent crude prices continue bearish streak
Abdalla El-Badri said prices need to recover for investment to return
Most Gulf states have cut spending to offset dropping oil revenues
Organisation suggests the market could ‘drown in oversupply’
The oil giant was jointly developing the Bab sour gas project with ADNOC
Cooperation between market forces will help the market stabilise, said Ali al-Naimi