Saudi output exceeded 10mn barrels in daily output for the ninth consecutive month
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iSON, Dhabi One acquire Enoc’s tech subsidiary
The acquisition will increase iSON Group’s footprint from 29 to 35 countries in Middle East and Africa, India and the ASEAN
RAM reaffirms Qatar’s ratings as ‘stable’
The ratings are premised on the nation’s strong external position, vast savings in its sovereign wealth fund and steady economic growth.
Egypt requests Aramco for $300mn fuel shipments
The shipments are part of the first contract to supply petroleum products worth $1.4bn for a period of three months ending in November
Aramco eyes increased investments in Indonesia
Oil producer looking for further investment opportunities in Indonesia’s downstream refining and petrochemicals industry: CEO
ADIPEC: Frames Group
Fawaz Ahmed, Manager Sales Middle East, Frames Group, says low oil prices has only ‘challenged us to become better at our job’
ADIPEC: Jereh Group
China-based Jereh Group, which has been trading in the region for six years, plans to set up bases in the UAE, Oman, Kuwait, and Saudi Arabia
Wurth Gulf eyeing contracts from ADNOC, Aramco
MD says company is in talks with oil giants as it has been least affected by oil price decline
Equate seeks $6bn loan partly for MEGlobal deal
According to Reuters, Equate has picked JP Morgan Chase, Citigroup, HSBC, Kuwait Finance House and National Bank of Kuwait as arrangers for the loan
Saudi Arabia may become bankrupt, IMF says
The kingdom’s net foreign assets fell for a seventh month to $654.5bn at the end of August