Abu Dhabi / WAM Eagle Hills Abu Dhabi has recently awarded the construction and infrastructure works contract for the entire 63,677 square metre site of The Address Fujairah Resort and Spa to Joannou and Paraskevaides, J&P. The Abu Dhabi-based private real estate investment and development company made the announcement during an official signing ceremony that marked the groundbreaking of the ...

Bloomberg Fifteen days from now, nations that pump more than half the world’s oil gather in Vienna to discuss extending the production cuts that helped lift prices to two-year highs. The outcome is far from certain. Russia, which alongside Saudi Arabia was the architect of the historic cooperation between crude producers, is said to be unconvinced that a decision is ...

Bloomberg Egypt will stop importing liquefied natural gas in 2018 and may eventually export gas after it starts producing this year at the giant Eni SpA-operated Zohr field off the country’s Mediterranean coast, Oil Minister Tarek El-Molla said. Zohr’s output will mostly supply the domestic market, and the nation’s two existing gas-liquefaction facilities are large enough to process any available ...