DUBAI / Emirates BUsiness Private and public sector organisations in the Middle East have been advised to simplify their hierarchical systems to stave off the effects of lower oil revenues and reduced demand. PA Consulting Group says those who have a clear understanding of the levels of organisational hierarchy needed can identify the most effective spans of management control and ...

Bloomberg Iran shipped its first cargo of oil to Europe since international sanctions ended, signaling more supplies will add to the global glut of crude. The Suezmax vessel Distya Akula departed Iran’s loading terminal at Kharg Island in the Persian Gulf and was located Saturday in the Gulf of Oman off the east coast of the United Arab Emirates, according ...

Bloomberg BP Plc and state-owned Oman Oil Co. agreed to expand an exploration and production sharing agreement of the Khazzan natural gas field to include a second development phase, at an estimated cost of $16 billion for the entire project. Block 61 will add 1,000 square kilometers to the original 2,700 square kilometer area of development, BP said Sunday. The ...