Arab News receives a plaque from Riyadh Gov. Prince Khaled bin Bandar as one of the media sponsors of the event.
MUMBAI: Indian energy company Reliance Industries Ltd. posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oil refining business offset higher revenue.
BEIJING: Chinese state energy giant PetroChina plans to spend more than 10 billion yuan ($1.6 billion) on shale gas this year, sources with knowledge of the matter said, as domestic competition heats
DUBAI: Mubadala, the Abu Dhabi state-owned investment fund with a mandate to develop the emirate’s economy, said its 2013 net profit tripled as soaring stock markets boosted the value of its financi
PARIS/ABIDJAN: France’s Total said it had discovered oil in a deep offshore area in the west of Ivory Coast, the company’s second oil find in a year in the West African country.
TEHRAN: Iran’s crude oil exports have hit 1.2 million barrels per day, almost doubling from eight months ago when the country elected a new president, a top government official said.
CAIRO: Revenue from Egypt’s Suez Canal rose 8.5 percent to $441.9 million in March from $407.4 million in the same month a year ago, Egypt’s state information portal said.
WASHINGTON: General Motors says that cars being recalled because of faulty ignition switches can be driven safely before repairs, based on more than 80 tests, but the automaker has not addressed a
MOSCOW: The chief executive of Anglo-Dutch energy giant Royal Dutch Shell Ben van Beurden met President Vladimir Putin at his private residence, telling the Russian strongman that the company wanted t
Luxgen, Taiwan’s premium automotive brand, has arrived in the UAE with its range which includes SUV and MPV, offering top technological features.
PARIS: European car sales advanced a seventh consecutive month as new models to replace aging vehicles and an economic rebound in Britain boosted demand at Renault, Ford and Peugeot Citroen.
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