Dubai / Emirates Business Manufacturing Conference & Exhibition for Oil & Gas (MAF 2016) closed on a grand note in Dubai. While attendees were able to forge new partnerships, foster relationships with existing clients and throw spotlight on innovative mechanisms, the three day high-profile event also witnessed some discussion on challenges faced by the region’s Oil & Gas sector. The ...

MOSCOW / Reuters Russian Energy Minister Alexander Novak hopes leading oil producers will agree to freeze output at a meeting in Doha on April 17, he said, which should help the global oil market to rebalance. Russia, Saudi Arabia, Venezuela and Qatar agreed in February to freeze production at January levels, but said at the time the deal was contingent ...

RABAT / Reuters French carmaker Renault and component suppliers will invest 10 billion dirhams ($1.04 billion) in Morocco to build an “industry ecosystem”, the country’s industry minister said on Friday. Renault’s ecosystem and its new plants will raise Renault’s local sourcing of components to 65 percent from 32 percent and are projected to generate 20 billion dirhams in revenues, Moulay ...