SHARJAH / WAM Sharjah National Oil Corporation (SNOC) has completed a deal to acquire from Eni a 30% participating interest in Block 7 in Ras Al Khaimah, which extends over an area of 430 square kilometres and sees significant activity in oil and gas exploration with the ongoing drilling of an exploratory well called Fennec-01. Following the deal, Eni, as ...

WORLD CAPITALS / WAM Gold prices firmed on Friday, poised for their best week since early April, following US economic data that boosted bets of an interest rate cut from the Federal Reserve, Reuters said. Spot gold gained 0.3% to $2,353.43 per ounce by 0450 GMT, hitting their highest in more than two weeks. Prices have risen 2.3% so far ...

DUBAI / WAM Aramex today announced its financial results for the first quarter ending 31st March 2024, with net profit nearly doubling, reaching AED47 million, marking two consecutive quarters of strong performance. The net profit margin improved to 3%. In a statement on Friday, the company reported an 8% year-on-year (YoY) increase in group revenues, with strong contributions from all ...