LONDON: Abu Dhabi National Oil Co. (ADNOC) plans to start a new liquefied natural gas floating import terminal (FSRU) in the second half of this year, three LNG industry sources said.
JEDDAH: The final quarter (Q4) of 2015 echoed the sluggish initial public offering (IPO) performance in Q3 proving that 2015 was a volatile year for IPOs in the Gulf Cooperation Council (GCC).
LONDON: Oil steadied on Friday in a volatile session, as bearish fundamentals pressured prices despite bullish indications earlier in the week.
WASHINGTON: US employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but surging wages and an unemployment rate at an eight-year low sugges
NEW YORK: On May 2, Ed Bastian takes over as the new CEO of Delta Air Lines, replacing the retiring Richard Anderson.
SAN FRANCISCO: LinkedIn shares plunged as much as 28 percent in after-hours trading Thursday after the company reported better-than-expected results for the fourth quarter but provided a weak forecast
LONDON: British energy group BG Group has announced a return to net profit ahead of its takeover by Shell as exceptional 2014 losses were not repeated last year.
TOYOTA: Toyota said nine-month net profit jumped nearly 10 percent to 1.9 trillion yen ($16 billion), despite falling sales in most regions, with the world’s top automaker focused on squeezing more pr
PARIS: ArcelorMittal said it would ask shareholders for fresh funds, sell assets and slash costs after falling commodity prices pummelled its performance last year, leaving a gaping hole in its accoun
FRANKFURT: Embattled German auto giant Volkswagen said it would postpone publishing its 2015 annual results, as well as its shareholder meeting due to an ongoing probe into a global emissions-cheating
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