Browsing: Business

The planned mega pipeline project that will carry natural gas from Russia to China could see an extra conduit laid for crude oil, Russian President Vladimir Putin has said.

The Iraqi oil ministry said on Sunday it signed a Heads of Agreement (HOA) with an Iraqi-Chinese joint venture to develop an oil field in the Basra province with a capacity of 200,000 barrels per day.

Solntsevo District Court in Moscow has banned the dissemination online of job advertisements containing phrases such as “only for Slavs” as a precondition for applicants, the press service of the capital’s courts of general jurisdiction announced Monday. 

The conference, held under the slogan, “The Role of Tolerance and Coexistence in Sustainable Economic Growth” and part of the AIM Congress in Abu Dhabi, witnessed a prominent international presence

Saudi Arabia, a country historically synonymous with oil production, is making strides toward sustainability. Once reliant solely on its vast oil reserves, it is now embracing a green energy revolution that promises to reshape its economic landscape while safeguarding its environmental future.

European Commission President Ursula von der Leyen intends to talk to visiting Chinese President Xi Jinping about policies that she claims pose a threat of de-industrialization in the bloc.

Iraq has ended a contract awarded to Italy’s PEG company for design and consultancy services in a $17-billion rail project and replaced it with Oliver Wyman of the US.

Iraq is planning to award new road projects involving tackling traffic congestion in the capital Baghdad within phase 2 of a master plan unveiled in 2023, according to the Construction and Housing Ministry.

Mubadala Capital, the wholly owned subsidiary of Abu Dhabi sovereign investor Mubadala Investment Company, is planning to invest $13.5 billion in the biofuels sector in Brazil over the next decade.

DUBAI: In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, issued Decree No. (35) of 2024 forming the “Dubai Council”, chaired by His Highness.