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    Greece rid of budget watch but inflation and energy woes bite

    Greece rid of budget watch but inflation and energy woes bite

    20 Aug 2022

    With more of a whisper than a resounding clang, Greece has shed another restriction dating to its painful financial bailout years. Saturday’s formal end of “enhanced surveillance” by European Union...

    German gas import costs surge 153% in H1 as imports drop 24%

    German gas import costs surge 153% in H1 as imports drop 24%

    20 Aug 2022

    German natural gas import costs rose by 153% in the first six months of 2022 from a year earlier, even though imports were down by 24.3%, official data showed. Europe’s...

    Global stocks, bitcoin, oil prices tumble over recession worries

    Global stocks, bitcoin, oil prices tumble over recession worries

    19 Aug 2022

    Global stock markets mainly dropped on Friday, with investors focused firmly on the outlook for interest rate hikes as central banks battle to bring down sky-high inflation. The dollar rose...

    S.Arabia’s $300b infrastructure market offers vast opportunities

    S.Arabia’s $300b infrastructure market offers vast opportunities

    19 Aug 2022

    Staff Reporter, Gulf Today A new trade exhibition will debut in Riyadh this September to unlock opportunities in Saudi Arabia’s US$300 billion infrastructure projects plan. Organised by dmg events, which...

    UAE reliable supplier of world’s least carbon-intensive oil and gas

    UAE reliable supplier of world’s least carbon-intensive oil and gas

    18 Aug 2022

    The UAE is a reliable supplier of some of the  world’s least carbon-intensive oil and gas as the Emirates achieves record growth in renewebles,says Dr Sultan Bin Ahmed Al Jaber,...

    Oil prices extend losses but EU gas prices near six-month peak

    Oil prices extend losses but EU gas prices near six-month peak

    16 Aug 2022

    Oil prices extended losses on Tuesday but European gas prices hit near six-month highs, in both cases fuelling fears of recession. Major stock markets mostly rose on bets that the...

    High oil prices help Saudi Aramco earn $88 billion in H1

    High oil prices help Saudi Aramco earn $88 billion in H1

    14 Aug 2022

    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...

    Abu Dhabi’s non-oil foreign trade jumps 12% at Dhs124 billion

    Abu Dhabi’s non-oil foreign trade jumps 12% at Dhs124 billion

    12 Aug 2022

    The total value of the Emirate of Abu Dhabi’s non-oil foreign trade reached Dhs124 billion during first half of 2022, compared to Dhs110 billion and 313 million, with a growth...

    Adnoc announces $1.17 billion contract

    Adnoc announces $1.17 billion contract

    11 Aug 2022

    Abu Dhabi National Oil Company (Adnoc) announced on Thursday a $1.17 billion (Dhs4.3 billion) contract for the hire of 13 self-propelled jack-up barges to drive offshore operational efficiencies and support...

    Adnoc Drilling’s net profit for H1 significantly grows by 34%

    Adnoc Drilling’s net profit for H1 significantly grows by 34%

    09 Aug 2022

    Adnoc Drilling Company on Tuesday announced its financial results for the half year and second quarter ending June 30, 2022.  The company’s net profit for the first half (H1) significantly...

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