OPEC output has risen slightly in December as Nigerian supply has increased, a Reuters survey found, indicating the group has yet to boost production substantially in response to prices at a 26-month high.
OPEC output has risen slightly in December as Nigerian supply increased, a Reuters survey found on Thursday, indicating the group has yet to boost production substantially in response to prices at a 26-month high.
The global economy can withstand an oil price of $100 a barrel, Kuwait's oil minister said on Saturday, as other exporters indicated global production was unlikely to rise in 2011 because the market was well supplied.
Core OPEC ministers said on Friday they saw no need to supply the world with more crude as oil prices traded near a two-year high and some consumers said they fear a rally above $100 per barrel would spur inflation.
Oil hovered around its highest levels in more than two years on Friday, supported by cold weather across the globe, appetite for risk assets and signals from OPEC it would not arrest the rally.
It makes sense for China to invest heavily in green energy.
The Christmas tree was unveiled at Emirates Palace hotel in Abu Dhabi last week to boost the holiday mood of its guest and attract tourists’ attention. The tree was adorned with gold, silver, gems and precious stones including rubies and diamonds
An Irish delegation led by former prime minister John Bruton has travelled to the Middle East, gauging the interest of Arab investors, including sovereign wealth funds, in buying some troubled Irish banks, as the Dublin government seeks foreign investors for financial investment.
Crude production from the Organization of the Petroleum Exporting Countries (OPEC) dropped in November by around 70,000 barrels per day (bpd) to 29.1 million bpd, a Platts survey of oil industry officials and analysts showed on Monday.
Saudi Arabia is under pressure from the U.S. to keep a tab on funds for Islamic insurgents, leaked diplomatic cables reveal. Washington claims that the kingdom remained a critical financial support base for Al Qaeda, the Taliban, Hamas and other extremist organizations. United States officials alleged that proscribed organizations have been managing to raise millions of dollars as funds from donors in Gulf, mainly during Hajj and Umrah pilgrimage and Ramadan month.
US secretary of state Hillary Clinton embarked on a four-day visit to Asia on Tuesday amid publication of classified US State Department cables by WikiLeaks that continued to make headlines around the world.
The upcoming FIFA Club World Cup UAE 2010, starting on December 8, could be a crucial time to boost Dubai’s tourism, tourism industry officials expect.
Wikileaks' latest spill, dubbed the 'Cablegate', shows that the world, especially the MIddle East fears Iran. But there are very strong strategic factors that help the country survive.
Iranian President Mahmoud Ahmadinejad claimed that the documents published by whistle-blower website Wikileaks were released intentionally by the U.S. administration. In an interview to the state-run Press TV Ahmadinejad maintained that the documents would not impact the country's relations with other Arab governments.
According to the latest spill on WIkileaks called 'cablegate', UAE, which was increasingly nervous about Iran, wanted weapons, specifically the Predator B aircraft, from US to protect itself.
A global study from Motorola says more people prefer paid TV content rather than free-to-air, despite the latter being more available.
According to government figures, in 2008, merchandise shipped into the U.S. by airplane accounted for 20 percent of the nation’s imports, with a value of $417 billion. That’s a great deal of items and only one, or two, would have to explode to have, through terror, a crippling effect upon the nation’s economy, to say nothing of the nation’s spirit.
Combat aircraft accounted for one-third share in worldwide transfers of major weapons in the past five years, says a report on Wednesday.
Concerns over Israeli access to BlackBerry data, and the use of the device by the United States to spy on the United Arab Emirates are behind the Gulf state's moves to curb the smartphone, Dubai's police chief said.
Gold retail purchases in the UAE dropped by nearly 15 percent during August as it coincides with Muslim holy month of Ramadan.
As a growing oil consumer and importer, China is taking strategic steps to secure its oil imports from the Middle East by strengthening its influence in the South Asia/Indian Ocean region.
BlackBerry maker Research In Motion will give India access to secure data from Sept 1, a government source said on Monday as the country pushes RIM, Google and Skype to set up servers in India due to its security concerns.
