Grandweld Shipyards and KOC top management during the delivery ceremony.
Dubai-based subsidiary of LUKOIL, Lukoil Marine Lubricants, has reached a renewal agreement with the subsidiary of Kuwait Petroleum Corporation (KPC), Kuwait Oil Tanker Company (KOTC).
DP World announced its robust financial results for the year ended 31st December, 2019, stating that its revenue grew 36.1 per cent and adjusted EBITDA increased 17.7 per cent, with an adjusted EBITDA margin of 43 per cent.
Dubai saw remarkable external trade growth in 2019, spurred by its efforts to achieve its 2025 trade target of Dhs2 trillion. Non-oil external trade last year grew 19 per cent
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.
“Future100,” a collaborative initiative between the Ministry of Economy and the Government Development and the Future Office, has forged 25 strategic partnerships.
Suhail Bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, led the UAE delegation to the UAE-Indonesia Business Forum, which was held recently in the capital, Jakarta.
Programme aims to prepare the next generation of competent Emirati talent to lead Dubai’s vital sectors by enriching them with knowledge of the latest economic trends and expertise.