Kuwait has maintained a wide discount between the crude it sells to Asia against a comparable Saudi Arabian grade for November, amid increasing signs that Gulf producers are engaged in a price war to compete for market share.
Iraq has cut its November oil prices for customers in Asia and Europe following a similar move by top global exporter Saudi Arabia as Opec producers compete for market share in the face of weaker global oil demand and prices.
The Cityscape Awards for Emerging Markets celebrated the best in global real estate development and architecture in a glittering ceremony held at the world’s tallest tower Burj Khalifa in Dubai, UAE, last night.
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Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to at least two Asian term buyers in October, unchanged from September, industry sources familiar with the matter said.
Four gun-wielding rebel fighters sit relaxing on a wall, their faces concealed by scarves and ski masks. All are Indonesians who came to Syria to join the Islamist insurgency, the cameraman says, speaking Indonesian peppered with Arabic phrases.
Acer has appointed Luca Rossi as the president for Europe, Middle East and Africa (EMEA) operations.
The current EMEA president Oliver Ahrens is set to take over a new challenge as president of the newly formed
Battling to catch up with German rivals in China, luxury carmaker Daimler is shifting gears, giving local authorities unprecedented access to new Mercedes models and even tailoring engines destined for its home market to Chinese regulations.
Dubai Investments (DI) International, a subsidiary of Dubai Investments, the leading investment company listed on the Dubai Financial Market, is currently tapping into business opportunities in Africa and Asia, said a top official.
Asia is more at risk from any disruption to Middle East oil supplies than Europe or the US but is less prepared to deal with such a scenario, according to a new report from Britain's Royal Institute of International Affairs.