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Gulf markets move little, Egypt rises on ‘presidential election’

Reuters Gulf stock markets were mostly sluggish on Tuesday as Qatar slowed after surging for two days, but Egypt’s bourse rose after authorities announced a date for presidential elections. Some of the best performers of the past two days pulled back, with Doha Bank losing 1.5 percent. But Aamal Co rose 2.4 percent after announcing plans for an affiliate which ...

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ADNOC awards contracts for offshore sour gas fields

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC), on Tuesday awarded the two Front End Engineering Design (FEED), contracts for its planned offshore ultra-sour gas mega-project, which consists of the Hail, Ghasha and Dalma fields. Bechtel was awarded the Hail and Ghasha FEED Contract, and TechnipFMC the Dalma FEED Contract. Both are worth many hundreds of millions ...

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DCCI gets five-star rating

Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has said that developing practical approaches to enhancing the happiness of the public is a critical part of realising the vision of the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al ...

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