The Egyptian government had said state-owned EGPC will buy 65 per cent of its oil product import needs from ADNOC in 2015.
Brent crude touched a 2015 high of above $63 per barrel on Thursday.
A new study reveals that majority of women in the GCC feel disadvantaged at work due to prevalent gender inequality.
Bahah also called on the armed forces to support the “legitimate” government in exile.
Saudi Aramco and India’s Reliance Industries have not yet concluded a term contract to import diesel and gasoline.
Jamal Benomar had recently irked Saudi Arabia and other Gulf nations for his handling of so far unsuccessful peace talks between Houthi rebels and Yemeni government.
The QIA, which holds two seats on VW’s 20-member supervisory board that appoints and dismisses executives, has been looking to solve the leadership crisis at Volkswagen.
With most people living off the land and about 90 per cent of Yemen’s water resources used in agriculture, Yemenis are especially vulnerable when conflicts disrupt farm production.
The airline’s capital spending on aircraft and other aviation equipment pumped in $2.6 billion to the European economy last year while supporting 28,100 jobs.
The centre is expected to facilitate greater cross-border renminbi investment and financing business and boost trade between China and the region.
The National Security Council said the meeting is scheduled for next Monday.
The Middle East currently accounts for 12 per cent of the bank’s global operations.
Real estate investments in the GCC were much lower compared to the region’s massive outbound spend of $14 billion last year.
Iran proposed a ceasefire, humanitarian assistance, an intra-Yemeni dialogue, and a broad-based government to end the conflict.
The Finnish and French companies said they were in “advanced discussions” on a “full combination.”
SWFs cut their international investment last year because of the plunge of oil prices, a report by CBRE said.
Qatar National Bank and Qatar International Islamic Bank have signed an MoU for the venture.
The French oil company failed to make commercially attractive discoveries in the block.
The UAE’s foreign affairs minister had rebuked Pakistan for not participating in the Saudi-led coalition fighting Houthi rebels in Yemen.
Trade has been buoyed by increased ‘bellyhold’ aircraft capacity from Emirates, Qantas and Etihad Airways.
The new African fund will focus on well-managed, mid-market firms in sectors most likely to benefit from demand driven by the rapid expansion of the middle class.
Local militiamen in Aden said on Saturday they had captured two Iranian military officers advising Houthi rebels.
Saudi and its Arab allies began air strikes against Iranian-allied Houthi militia fighters in Yemen more than two weeks ago.
The sentences, pronounced at a televised court session on Saturday, can be appealed before Egypt’s highest civilian court.
The air raids were reportedly aimed at a site held by soldiers loyal to former Yemeni President Ali Abdullah Saleh.
Gulf Business compares what Emirates, Etihad and Qatar Airways offer versus their counterparts in the US.
UAE Minister Anwar Gargash has criticised Pakistan for not sending military assistance to the Saudi-led coalition fighting Yemen’s Houthi militants.
The statement was given by Saudi’s defence ministry.
While global investments are expected to fall by around 20 per cent in 2015 versus 2014, in Gulf countries the reduction is likely to be just 5 per cent.
The recent drop in oil prices will not negatively impact the GCC’s renewable energy projects, affirm experts.