DUBAI / WAM Dubai-based developer Nakheel awarded a AED4 million contract to ILF Consulting Engineers’ Dubai branch for Sewage Treatment Plant, STP, work on Dubai’s Deira Islands. As part of the deal, ILF will oversee the design and supervise construction of the STP and lifting stations, which are due for completion at the end of 2017. The STP will be ...

Paris / AFP A huge overhang in oil stocks lingering across the world will keep a cap on any further oil price rises, the IEA said on Tuesday, even as supply and demand move towards balance by the end of the year. Global demand for oil is steadily rising thanks to solid economic growth, and supply has been curbed by ...

  Bloomberg Abu Dhabi’s sovereign wealth fund, embroiled in a debt payment dispute with 1Malaysia Development Bhd., is seeking $6.5 billion from the troubled Malaysian state investment company as it moves the spat into arbitration. 1MDB and its sole shareholder —Malaysia’s Ministry of Finance—haven’t perform their obligations toward International Petroleum Investment Co. PJSC, the Abu Dhabi fund said in a ...