UAE says Opec+ 2021 oil supply boost going ahead as planned.
World oil demand will rebound more slowly in 2021 than previously thought as coronavirus cases rise, Opec said on Tuesday, adding to headwinds faced by the group and its...
Gas demand is expected to grow by approximately 3.8 to four per cent on average compared to six per cent in 2019
Investments in the Middle East and North African region's gas sector have shown a steady surge to reach...
Creditors, mainly Indian public sector banks, took over Jet in early 2019 but failed to keep it operating as its cash crunch grew.
A consortium comprising a UAE-based entrepreneur and Kalrock Capital was given the final go-ahead to rescue the...
Sellers may take a commercial decision to absorb VAT in order to make the price of promotional goods more attractive to potential buyers.
The UAE's Federal Tax Authority (FTA) has clarified that "VAT-free special offers" are misleading and contrary to...
Global oil demand is expected to rebound to pre-pandemic levels by 2022 while supply tightens, creating a deficit, Energy Intelligence has reported, quoting the chief executive officer of Saudi Aramco.
Amin Nasser said China would once again be the focus...
Asks lenders for debt standstill deal related to their Target exposures
Dubai: Arabtec Holding asked banks this week for a three-month standstill on debt repayments for its subsidiary Target, sources said, as the Dubai-listed builder that is facing liquidation seeks...
Shuaa raised over $140 million in the last 3 months
Dubai: Shuaa Capital on Sunday announced that it has launched a $200 million ‘Shuaa Financing Opportunities Fund’ targeting special situations in the GCC. The fund has already attracted a total...
Gulf economies can take a slower growth in global oil demand in its stride
The latest forecasts from OPEC (Organisation of Petroleum Exporting Countries) have confirmed what we said two weeks ago - that the worst phase for the oil...
Many of them can barely make ends meet, but they say they can’t go back home either
Dubai: Ever wondered how some UAE residents are living their lives in the emirates with no jobs or source of income? Well, many...
Global growth forecast has been slightly revised upwards.
The International Monetary Fund (IMF) on Tuesday further revised down the UAE's economic growth forecast, projecting a 6.6 per cent contraction for this year and a recovery of 1.3 per cent for...
