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India’s currency swap sets off endless lines of frustration

  NEW DELHI / AP The first people showed up at the bank long before dawn, forming a line in the cold and the smog and silently waiting for the chance to withdraw their own money. They left more than seven hours later, each holding the handful of bills, worth $60 at the very most, that they’d been allowed to ...

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IPIC records $1.43 billion operating profit for H1

  Abu Dhabi / Emirates Business International Petroleum Investment Company (‘IPIC’ or ‘the Group’), wholly-owned by the Government of the Emirate of Abu Dhabi, recorded an operating profit of US$ 1.43 billion for the first half of 2016, with its core energy investments producing a robust performance despite the lower oil price environment. IPIC, which invests across the energy value ...

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ENOC boosts safety at its service stations

  Dubai / Emirates Business As a part of its ongoing commitment to environment, health and safety (EHS), Emirates National Oil Company (ENOC) as a socially responsible organization has taken additional safety measures by installing bollards in front of all facilities across its service station network in UAE to protect customers, staff and assets. In an effort to reduce the ...

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