DUBAI / Emirates Business Emaar Development PJSC, the UAE build-to-sell property development business majority-owned by Emaar Properties PJSC recorded a growth in net profit during full-year (January to December) 2017 by 30 percent to AED2.74 billion ($747 million), compared to the net profit of AED2.11 billion ($575 million) in year 2016. Total revenue for FY 2017 was AED 8.86 billion …

LONDON / Reuters The rise in global oil production, led by the United States, is likely to outpace growth in demand this year, the International Energy Agency said on Tuesday. The Paris-based IEA raised its forecast for oil demand growth in 2018 to 1.4 million barrels per day, from a previous projection of 1.3 million bpd, after the International Monetary …

Bloomberg Oil demand in India rose 10.3 percent in the first month of 2018, the fourth straight monthly gain. Total oil consumption expanded at the fastest pace in 14 months to 16.9 million tons from 15.3 million a year ago, according to the oil ministry’s Petroleum Planning and Analysis Cell. Improvement in road freight transport following the stabilization of the …