WAM KHARTOUM: Sudanese Oil Minister Awadh Ahmed Al-Jaz on Wednesday expressed his country's interest in tapping the UAE's expertise in oil industry. He further expressed... read more

Abu Dhabi: ADS Securities, the Abu Dhabi-based forex and bullion trading platform, has reported increased demand for gold at the start of the year following the US Federal Reserve decision to... read more

The Dubai Al Khaleej sugar refinery, which typically buys raw sugar from Brazil, has said it has bought more than 100,000 tonnes of Indian sugar, Reuters has reported. Al Khaleej... read more

UAE-based district cooling firm, Tabreed has said its fourth-quarter net profit has more than doubled, backed by strong performance at its core chilled water business and an... read more

DUBAI: Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed Bin Rashid Al Maktoum and visiting Turkish President Abdullah Gul held talks on Tuesday at... read more

RIYADH: The Maaden Alcoa aluminum joint venture announced that it had poured the first concrete in the construction of the region's first alumina refinery at the fully integrated aluminum... read more

MAN Truck & Bus, a leading global manufacturer of transport vehicles, has launched a new unit in the Saudi capital, Riyadh, as part of plans to expand its operations in the kingdom.... read more

Authorities in Jeddah are investigating more than 70 people involved in the current crisis of cement shortage in the city, Arab News has reported, citing an official source. A... read more

ALKHOBAR: Kuwait Gulf Oil Co. (KGOC) signed a contract with France's Technip to build gas facilities in Khafji, part of a plan to boost gas output for growing domestic needs, industry... read more

State-controlled Saudi Arabian Mining Co (Ma'aden) has said it started commercial operations yesterday to produce diammonium phosphate at its Ras Al Khair plant, Gulf... read more

The energy world is in a transition. It is undergoing a major metamorphosis. New energy frontiers are cropping up and the global energy map is changing fast. Of these new emerging global energy... read more

TOKYO: Japanese electronics maker Panasonic forecast Friday it would log a record net loss of 780 billion yen ($10.2 billion) for the year through March, nearly twice its previous estimate,... read more

LONDON: Forecasts that cheap gas from the United States will one day reshape the global natural gas market are increasingly commonplace. Now the first hard evidence is beginning to emerge.... read more

BEIJING -PetroChina Co, the country's biggest energy producer, said it has agreed to buy a 20-percent stake in Royal Dutch Shell PLC's Groundbirch shale-gas project in Canada to obtain... read more

BEIJING - China's industrial enterprises saw their profits increase 25.4 percent year-on-year to reach 5.45 trillion yuan ($863.68 billion) in 2011, the National Bureau of Statistics (NBS)... read more