The price of Kuwaiti oil went up by 12 cents to US$82.56 per barrel on Monday from US$82.44 pb last Friday, said the Kuwait Petroleum Corporation (KPC) on Tuesday.
Category: Economy
ADNOC Drilling and Alpha Dhabi’s ‘Enersol’ joint venture increases equity stake in Gordon Technologies to 67.2%
ADNOC Drilling Company and Alpha Dhabi Holding announced today that their joint venture Enersol RSC LTD has agreed to acquire an additional 42.206% equity stake in Gordon Technologies LLC for consideration of approximately $270 million, making Enersol the majority equity holder.
Bayanat, IMKAN to develop smart mobility infrastructure project on ‘SHA Island Emirates’
Bayanat and IMKAN Properties today signed a Memorandum of Understanding for the development of a smart mobility infrastructure project on SHA Island Emirates at AlJurf.
Global Markets – Asia shares stumble, political uncertainty rattles euro
Asian stocks sank on Monday as traders heavily pared back bets for Federal Reserve rate cuts this year given a still-tight U.S. labour market, Reuters reported.
Japan January-March economic contraction revised to annualised real 1.8%
Japan's economy shrank an annualised real 1.8 percent in the January-March quarter, revised up from its earlier reading of a 2.0 percent decline, as corporate capital spending fell less than initially thought, the Cabinet Office said Monday.
ADNOC fully redeems Exchangeable Bonds in ‘ADNOC Distribution’
Abu Dhabi National Oil Company (ADNOC) PJSC (ADNOC) confirmed that it has redeemed in full its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution).
E7 Group to invest AED182 million in security solutions business segment
E7 Group today announced plans to invest AED182 million (approximately US$50 million) in ambitious organic growth initiatives across its security solutions business segment, E7 Security.
World Bank spotlights climate-resilient irrigation’s role in transforming lives
Many of the world’s poor are farmers. But all too often, crops that once blossomed on the verdant fields of small, rain-fed family farms now thirst for water from drought and soaring heat.
Ministry of Economy, TDRA announce new resolutions on controls, procedures regulating telemarketing effective mid-August 2024
The Ministry of Economy and the Telecommunications and Digital Government Regulatory Authority (TDRA) have announced a new resolution regulating marketing through phone calls, and another resolution detailing violations and administrative penalties related to telemarketing practices.
Kuwait oil price up to US$82.44 pb
The price of Kuwaiti oil went up 81 cents to US$82.44 pb on Friday, compared to US$81.63 pb the day before, said Kuwait Petroleum Corporation (KPC) on Saturday.