Reuters French oil and gas major Total on Tuesday signed a $5 billion dealwith Saudi Aramco to build a giant petrochemical complex at their 440,000 barrels-per-day Jubail Satorp refinery. Saudi Aramco holds a 62.5 percent stake in the refinery, while Total holds the other 37.5 percent. The memorandum of understanding (MoU) was signed on the sidelines of a visit by ...

ABU DHABI / WAM Abu Dhabi National Takaful Company (ADNTC) announced its financial results for the year that ended on December 31, 2017. The company posted a combined net profit of AED64.6 million for 2017 (for policyholders & shareholders before Qard Hasan provision). Shareholders net profit reached AED59 million compared to AED48.4 million for the same period last year representing ...

Fujairah / WAM The Annual Statistical Book 2017 of Fujairah showed that the emirate’s GDP reached AED15.4 billion in 2017. The value of direct foreign trade amounted to AED6.4 billion, and trade via its free zone amounted to AED8 billion, totalling AED14.4 billion. The 21st edition of the book, issued by the Fujairah Statistics Centre, highlighted the various developments taking ...