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Saudi Arabia close to securing $10 billion bank loanSaudi Arabia is close to securing a $10 billion, five-year bank loan, the government's first significant foreign borrowing for over a decade, as the world's top oil exporter seeks to fill a record budget gap caused by low crude prices. More… |
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UAE ranked among world's top 16 exportersThe UAE ranked among the world's top 16 exporters, according to the World Trade Organisation's Report on International Trade Trends. This was revealed at the 30th edition of International Autumn Trade F More… |
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Saudi to hike April crude selling price for AsiaTop oil exporter Saudi Arabia is expected to raise the official selling price (OSP) for most of its crude grades to Asia in April, including a hike in the OSP for Arab Light to a four-month top, in line with a stronger Dubai market. More… |
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Fresh fish export ban being exploited in BahrainFish exporters are exploiting a loophole that allows them to get around a ban on the export of popular fresh fish, the Gulf Daily News (GDN), our sister publication has reported. The ban was introduced to keep More… |
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Saudi Arabia's petchem market to growSaudi Arabia is set to become the world’s third largest exporter of petrochemical products with its market share poised to reach 10 per cent by 2015. Saudi plastics and petrochemical exports grew from less than $500 million More… |
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Rasgas plans 2-3 shutdowns this yearQatari liquefied natural gas (LNG) producer Rasgas plans two to three maintenance shutdowns in 2013, a company official from one of the world's biggest gas exporters said on Thursday. " More… |
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ME 'can become top renewable energy exporter'The Middle East region can become a major exporter of the renewable energy thanks to the abundance of year-round sunlight as well as pockets of geothermal activity, said a solar energy expert. The potential for this infinite resource in th More… |
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Iran stores millions of barrels of crude at seaThe world's fifth-largest oil exporter Iran is storing millions of barrels of crude on tankers as it struggles to sell the product on which it depends, trade sources said on Thursday. The development comes at a time of seasonally lower More… |
