The offer came just days after ADGAS, partly owned by ADNOC, offered 25,000 tonnes of naphtha for loading from Das Island.
The armed forces chief, Abdel Fattah al-Sisi, was given the post of first deputy to interim Prime Minister Hazem el-Beblawi.
High prices on Europe-destined sour crude coupled with weak demand for sour crude in Asia has opened a price gap over the last month.
Audi’s pre-owned vehicle sales also witnessed substantial growth along with car sales.
Qatar-based Al Jazeera reached agreement with TV sports rights firm MP & Silva for access to all 380 Premier League matches in 23 countries.
Kuwait last week joined other oil-producing Gulf states in pledging a massive aid package worth $12 billion to Egypt.
The tiny Gulf state also plans to buy 16 tank howitzers from equipment makers Krauss-Maffei Wegmann and Rheinmetall.
No Middle East release date issued by Nokia, as regional vice president believes the new phone will be popular in the region.
The affinity towards luxurious brands and intra-region tourism has helped boost the luxury goods market in the emirate.
The UK group bought Topaz Oil and Gas to expand its growth in the Middle East.
RWE said in March it was planning to offload DEA to slash capital spending and cut its multi-billion euro debts.
Egypt’s first freely elected leader has been held at an undisclosed location since the army removed him from power on July 3.
How have Egypt’s markets reacted to the second presidential ousting in as many years?
Tea Ros, managing director at Strategic Hotel Consulting, examines the challenges developers face in underwater construction.
Saudi Arabia and the UAE have offered Egypt $8 billion in grants and loans, while Kuwait has pledged a further $4 billion.
A bunch of kids in T-shirts changed the course of the Arab world’s most populous nation by mobilising mass protests against the ruling Muslim Brotherhood.
Industry analysts IDC and Gartner reported that Lenovo reached 16.7 per cent global PC marketshare in Q2 2013.
The agreement will reportedly cut EBX’s debt with Mubadala by more than 25 per cent to between $1.6 billion and $1.7 billion.
Following the ascension of Qatar’s Sheikh Tamim bin Hamad al-Thani, who will join him in the future in leading the Gulf states?
The damage came as workers were putting final touches to a renovation by the owner, a brother of Hamad bin Khalifa al-Thani, the former emir of Qatar.
Political instability in Egypt and other countries in the Middle East have dampened investor confidence resulting in low offering values.
However, GCC investors are looking beyond traditional luxury hotspots such as Mayfair and Knightsbridge.
The new hub will stream a live feed from Mecca allowing users to follow the Umrah pilgrimage.
Talal Abu Ghazaleh hopes to launch of Tagipedia, a free online Arabic encyclopedia with one million entries by the end of the year.
The phone calls from the US president came on a day when the UAE and Saudi offered $8 billion in aid to Cairo.
The UAE will make a $1 billion grant to Egypt and a $2 billion loan.
Apps provide information on prayer timings, location of mosques and iftar and suhoor restaurant options.
Interim leader Adli Mansour has decreed that a parliamentary vote will be held in about six months, followed by a presidential election.
The majority of respondents in Egypt, Tunisia and Yemen feel the level of corruption has risen in the past two years.
Working hours for private and public offices during Ramadan have also been issued.