Sunday 2 August 2015
 
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Russia

Oil price will stabilise next year: Opec

Opec expects oil prices to stabilise next year and to remain so over the long term, Secretary General Abdullah al-Badri was quoted as saying by RIA news agency on Thursday. "Prices will stabilise in 2016, we expect stability

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UAE firm eyes Russian tourist market

UAE's Alpha Destination Management Company hosted a series of roadshows in Russia in a bid to promote the Gulf region as an all-encompassing tourism destination. In collboration with Russia's Natalie Tours, the company visited S

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UN to vote on MH17 tribunal, Russia likely to block

The United Nations Security Council is due to vote on July 29 on a bid for an international tribunal to prosecute those suspected of downing a passenger airliner last year in Ukraine, but Russia said on Friday it was likely to block the move.

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Russia to to discuss oil markets, Iran with Opec

Russia and Opec Secretary-General Abdullah Al-Badri will discuss oil markets and the Iran situation in Moscow on July 30 amid sliding oil prices, Russian Energy Minister Alexander Novak said. The prospect of an influx of Iranian c

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Russia, Iran discuss passenger plane sales

Russia and Iran are holding talks over the former supplying the Islamic republic with Sukhoi Superjet passenger planes, Russia's Transport Minister Maxim Sokolov said on Wednesday. "Such talks are being held," Sokolov told

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Fifa bans Qatar-Russia bid inspector for 7 years

Harold Mayne-Nicholls, who led the teams which inspected bids to host the 2018 Russia and 2022 Qatar World Cups, has been banned from all football for seven years, Fifa's ethics committee said on Monday. World soccer's gov

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Saudi Aramco plans to boost stake in Lukoil JV

Saudi state oil company Saudi Aramco wants to raise its share in Luksar, a joint venture with Russia's Lukoil, to 50 per cent, the chief executive of the Russian company said on Wednesday. "They are interested in taking t

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Saudi inks deal for $10bn joint Russian fund

Saudi Arabia's government and a Russian state fund have signed a memorandum of understanding to jointly invest as much as $10 billion, official Saudi news agency SPA said. The deal between Saudi Arabia's Public Investment

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Egypt to set up $5bn joint fund with Russia

Egypt plans to complete establishment of $5 billion joint fund with the Russian Direct Investment Fund and Arabian sovereign wealth funds in 2015, Egypt's Minister of Industry Mounir Fakhry Abdel Nour told TASS. The minister s

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Bahrain 'gateway to $1.6trn GCC market'

The economic volume of the GCC countries combined together is more than $1.6 trillion and is poised to hit $6 trillion over the next five years, said a report citing the Bahrain Deputy Prime Minister Shaikh Mohammed bin Mubarak Al Khalifa.

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