UAE

Middle East

Saudi Arabia says two oil tankers sabotaged

13/05/2019

Saudi Arabia has said two of its oil tankers were sabotaged off the coast of the United Arab Emirates in attacks that caused "significant damage" to the vessels, one of them as it was en route to pick up Saudi oil to take to the US.

Nuclear

UAE completes first of four Korean-built nuclear reactors

27/03/2018

The United Arab Emirates, with help from Korea Electric Power Corp., finished building the Arab world’s first commercial nuclear reactor, a milestone in the oil-rich U.A.E.’s effort to curb its reliance on fossil fuels and develop cleaner sources of energy.

Middle East

Gulf pay rises lowest in a decade

14/03/2016

Average private sector pay rise across the six countries of the Gulf Cooperation Council is set to be lower in 2016 than at any time over the past 10 years, despite the rising cost of living caused by cuts in government subsidies, according to a new survey.

Middle East

Saudi growth at 14-year low as oil prices tumble

19/01/2016

Saudi Arabia’s economy is set to grow this year at the slowest pace since 2002 as the oil-price plunge drains the kingdom’s finances, according to projections released by the International Monetary Fund and HSBC.

Oil & Gas

UAE to play key role in market stability, says oil minister

12/11/2015

The United Arab Emirates will play a key role in the stability of oil markets in the future and is committed to continue spending on its energy projects regardless of the oil price, the country's oil minister said on Thursday. "You have a reputation as a government to maintain your supply arrangements with your legacy customers and keep your commitments," Suhail al-Mazrouei said at the closing session of an oil and gas conference in Abu Dhabi. "That is what makes them come to us, is that they know we will spend in good days and difficult days."

Breaking