The EPC contract was awarded to Saudi Arabia/UAE-based Lamprell by state-owned Dubai Petroleum and forms part of a wider ...

Dubai has joined the growing number of Middle East producers that are reclaiming their oil assets from foreign concessionaries. In a landmark decision, the government announced last month that the ...

TL;DR: Dubai has diversified far beyond oil; today, non-oil sectors like trade, logistics, tourism, finance, and tech drive 99% of its GDP. Investor-friendly policies such as full foreign ownership, ...

July 18 (Reuters) - Abu Dhabi index closed higher on Friday, supported by an increase in oil prices after the European Union introduced new sanctions against Russia, while the Dubai index declined ...

The official monthly price of Dubai crude oil — with the transition to the pricing futures contracts — is determined in advance, for a differential price is placed before three months, “M-3”, while ...

Vice President Kashim Shettima has departed Abuja to represent President Bola Ahmed Tinubu at the commissioning of a $315 million oil production and storage facility in Dubai, United Arab Emirates.