Oil tanks seen at the Saudi Aramco facility in Dammam. Reuters
Saudi Aramco is set to raise $12 billion with its first international bond issue after receiving more than $100 billion in orders, a record breaking vote of market confidence for the oil giant. State-owned Aramco›s bond issue, split into maturities ranging from three to 30 years, is seen as a gauge of potential investor interest in the Saudi company›s eventual initial public offering.
The United Arab Emirates has expressed its deep regret and condemnation of the recognition by the United States of the Syrian Golan Heights as sovereign Israeli territory, describing it as a move that disrupts all efforts to achieve a lasting peace in the Middle East.
Chevron will buy Anadarko Petroleum for $33 billion in a cash-and-stock, energizing its deep water exploration in the gulf and in the energy-rich southwest region of Texas called the Permian Basin. The deal announced Friday comes with US crude prices up 40% this year and vaults Chevron into a new league. While the combined company will remain far behind Exxon Mobil Corp. a
The Norwegian Labour Party has joined what is now a clear parliamentary opposition to oil and gas exploration off the coast of the picturesque Lofoten islands in the north of Norway.
TOULOUSE: Airbus sales chief Christian Scherer said it is selling longer-range versions of its A321, while signalling a shift away from chasing market share at any cost and predicting Boeing will emerge quickly from the grounding of its rival 737 MAX.
The 9th edition of FAHR International Conference, which was held by the Federal Authority for Government Human Resources, under the patronage of Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, successfully concluded on Thursday.
Several hundred staff gathered outside the airline's headquarters in Mumbai on Thursday, chanting "We want justice" and "Please save Jet Airways."
Cybercrime is projected to cost a whopping $8 trillion to the businesses globally in the next five years, a leading cybersecurity expert told the participants of a regional internal audit conference in the UAE capital city on Thursday. Speaking on the concluding day