Dubai continues to be a popular destination for European travellers, climbing from 11th to sixth position globally in 2015, said a report.
According to a Global Travel Insights report by Sojern, a leading performance marketing platform
Europe's top four economies suffered steeper drops in industrial output during December than any analyst had forecast, a grim sign for the global economy as it struggles to sustain momentum.
Wednesday's industrial output d
Schlumberger, the world's largest oilfield services company, said its proposed merger with Cameron, a leading provider of flow equipment products for oil sector, has won unconditional approval from European Commission.
Iranian Oil Minister Bijan Zanganeh said on Saturday that Iran's crude oil sales to Europe after the lifting of international sanctions on Tehran had already reached above 300,000 barrels, according to the ministry's news agency.
European equities fell on Tuesday as crude oil prices slipped again and companies like BP reported disappointing earnings.
BP fell 9 per cent, its biggest daily decline since mid-June 2010, after reporting its worst annual loss in
Global interest rates are likely to go even lower before they rise as financial market volatility and the specter of deflation raise fresh doubts about central banks' ability to fulfill their mandates, policymakers and economists said.
BP slumped to its biggest annual loss last year and announced thousands more job cuts on Tuesday, showing that even one of the nimblest oil producers is struggling in the worst market downturn in over a decade.
Efforts by Iran to start exporting oil to Europe are being held up as foreign tanker owners are still struggling to secure insurance for cargoes, leading shipping players said.
A nuclear deal between world powers and Iran earlier
Europe launched the first part of a new space "data highway" on Friday night that will pave the way for faster than ever monitoring of natural disasters such as earthquakes and floods.
The EDRS-A node is the first buildi
Iran is on track to raise oil production by 500,000 barrels per day after the lifting of sanctions this month and has already sold six supertankers with additional crude to buyers in Europe and Asia, a Iranian oil source said.