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Oil will continue to remain the world’s largest source of energy over the next two decades, despite the increasing importance of renewable energy, notes the latest edition of t... >>
The global energy market has experienced significant changes since last November, which had an impact on medium- and long-term estimates, according to OPEC's World Oil Outlook (W... >>
Boeing and Aviation Lease and Finance Company (ALAFCO) have finalised an order for 20 additional 737 MAX 8s at the 2017 Dubai Airshow, doubling the lessor’s order book for the ... >>
UAE-based Tristar Group has announced the sale of an equity stake to Kuwait-based Gulf Investment Corporation (GIC) by issuing $100 million worth of fresh shares. The proceeds will b... >>
The basic structure of Kuwait International Airport's new terminal is 35 percent complete, a senior government official has revealed. Kuwait's Minister of Public Works, Abdul... >>
Decision by Kuwait Authority for Partnership Projects (KAPP) to cancel the high-value 1500MW Al-Zour North 2 Independent Water & Power Project (IWPP) in August severely impacted ... >>
The IMF on Tuesday advised energy-rich Gulf economies to speed up their diversification away from oil after projecting the worst growth for the region since the global financial cris... >>
Oman Telecommunications, better known as Omantel has signed a share purchase agreement to buy a further 12.1 percent stake in Kuwaiti telecom Zain for $1.35 billion. The deal wit... >>
BMI Research said Kuwait's diversification drive is likely to move forward slowly, with a challenging operating environment, political gridlock and somewhat less impetus for refo... >>
Moody’s investor Service has affirmed Gulf Bank’s stable outlook and solid revenue-generating capacity in its recently published credit opinion issued on 18 October, 2017... >>
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