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Fujairah’s heavy distillates stocks decline for first time in three weeks

Fujairah’s stockpiles of heavy distillates and residues fell down for the first time in three weeks on signs of additional demand amid higher prices...
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Saudi Aramco asks banks to bid in what could be world’s...

In what could be the world’s biggest IPO, Saudi Aramco has formally asked major banks to bid for potential roles in its planned initial...
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UAE’s Federal Tax Authority rolls out new electronic system for excise...

UAE’s Federal Tax Authority (FTA) has introduced a new electronic system for registering excise goods as part of its plans to further improve excise...
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UAE-based IBC Group to acquire 10,000 holiday homes in Dubai

IBC Group, an UAE-based investment company, is planning to acquire 10,000 holiday homes in Dubai, according to an announcement made by the company yesterday.The...
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Fujairah’s refined oil product stocks see eight-week high

Fujairah’s refined oil product stockpiles saw an eight-week high with a 10% jump to 21.253 million barrels in the week to Aug 12, Fujairah...
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P&O cancels its Winter 2019/2020 programme for Arabian Gulf, Dubai

As the crisis in around the Strait of Hormuz shows no sign of abating, P&O Cruises has taken what it calls an “unusual step”...
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China CNPC extends Oman oil production contract for 15 years

China CNPC has extended its contract for developing an aged oilfield in Oman for another 15 years, Reuters quotes Chinese state oil and group...
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Cisco Mobile Networks to Support 1 Billion Mobile Users in MEA

The Cisco Predictions for Middle East include that Mobile Networks Will Support More Than 1 Billion Mobile Users in MEA by 2022 According to this...
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HSBC Appoints New Regional CEO for MENAT

HSBC has appointed Martin Tricaud as Chief Executive Officer for the Middle East, North Africa and Turkey (MENAT) region, with effect from 1 June,...
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GCC sees a 4.2% increase in consumer goods prices in 2018

Over the 12 months to October 2018, price change for consumer goods and services (excluding housing) in the Gulf Cooperation Council (GCC) countries rose by 4.2%,...
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