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Bloomberg Russia’s Rosneft OJSC agreed to pay $500 million to Petroleos de Venezuela SA to increase its stake in their Petromonagas crude-processing joint venture. The deal will increase Rosneft’s stake in the upgrader that converts heavy oil into synthetic crude to 40 percent, PDVSA, as the Venezuelan state-owned company is known, said in an e-mailed statement, confirming earlier comments by …

Bloomberg Venezuela’s state oil company Petroleos de Venezuela SA is said to be looking into leasing the Aruba refinery, where it would ship tar-like oil to be upgraded into higher value synthetic crude rather than produce fuels like gasoline. PDVSA, through its U.S. subsidiary Citgo Petroleum Corp., is in talks with the Aruba government to lease the refinery, according to …

Bloomberg SunEdison Inc.is burning through its cash. The world’s biggest clean-power developer was expected to have about $1.2 billion at the start of the year, an amount that may drop to $270 million if a pending court case doesn’t go its way, according to an estimate by Patrick Jobin, an analyst at Credit Suisse Group AG. The company spent billions …

GULF TIME Vapiano is set to introduce breakfast for the first time in its history across its UAE outlets, marking an exciting new chapter for the international dining brand. The new Vapiano Breakfast Menu has been created to bring a fresh, social, and relaxed international lifestyle experience to the morning dining scene, offering guests a new way to begin their …

NEW WEST ZONE SUPERMARKET LLC, the registered and exclusive owner of the trademark “WEST ZONE” in the United Arab Emirates, hereby declares that  the company has no procurement or marketing branch operating in any of the Emirates in the UAE except “ Dubai”. The public, customers, and suppliers are hereby cautioned not to deal with any entity claiming to represent or belong …

ABU DHABI/WAM The Securities and Commodities Authority (SCA) is calling on investors to collect their dividends through First Abu Dhabi Bank (FAB), the paying agent appointed to handle the process. This comes as a part of its ongoing efforts to protect the rights of shareholders in companies listed on the UAE stock exchanges and ensure they claim any outstanding entitlements …

DUBAI/WAM Capital.com, the high-growth global trading platform and fintech group, has announced it is now offering its customers access to the principal UAE stock markets – becoming one of the first major trading platforms to do so. In a move that reflects the growing interest in the region’s economy, Capital.com is providing full coverage of the Abu Dhabi Securities Exchange …

ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX), the second-largest exchange in the Middle East, on Tuesday welcomed the successful listing of Alpha Data, a leading digital transformation provider and systems integrator in the UAE. This marks the UAE’s first IPO and the exchange’s second offering in 2025, reinforcing the exchange’s commitment to broadening the market and offering …