Prince Abdulaziz Bin Salman Al-Saud chairs a virtual summit of the Group of 20 energy ministers at his office in Riyadh on Friday. Associated Press
The United Arab Emirates and Saudi Arabia have cautioned on Monday against “gloomy expectations” regarding the possible impact of the spread of the coronavirus on the global economy and oil demand.
According to a source, OPEC Plus agreed to increase the UAE’s share to 3.5 million barrels per day, and increase Iraq and Kuwait produce 150,000 barrels per day.
The Federation of UAE Chambers of Commerce and Industry in partnership with the Dubai Chamber of Commerce and Industry and the Saudi Food and Drug Authority recently hosted a workshop for UAE business and stakeholders interested in exporting to Saudi Arabia.
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.
Sharjah Commerce and Tourism Development Authority (SCTDA) in cooperation with several government and private agencies and institutions in the emirate has launched a regulatory framework
Saudi energy company Aramco said Sunday its profits jumped 90 per cent in the second quarter compared to the same time last year, helping its half-year earnings reach nearly $88 billion.
Ahmed Mahboob Musabih, Director General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation received a high level Tanzanian delegation