Dubai / Emirates Business The winners of the inaugural Dubai Sustainable Tourism Awards have been announced by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism). Comprising 17 different categories, the Awards recognise and celebrate the important work of Dubai’s hotels and tourism companies in advancing sustainability within the emirate’s tourism industry. Held at The Westin Dubai Al Habtoor City, …

DHAHRAN / Reuters State oil giant Saudi Aramco and petrochemical producer Saudi Basic Industries Corp (SABIC) signed a memorandum of understanding on Sunday to build a $20 billion complex converting crude oil to chemicals in the kingdom. The project, which the partners said would be the largest crude-to-chemicals facility in the world, is a sign that the Saudi government plans …

Bloomberg Sasol Ltd. said it will steer clear of big new investments as the world’s largest maker of fuel from coal reviews existing assets and focusses on completing its $11.13 billion US chemicals plant. Sasol won’t invest in further new gas-to-liquids or crude-oil refining capacity, according to a statement on its website ahead of an investor day being held in …