Banks that comply with Islamic Sharia law thriving due to 'conservative approach to risk'.

US major wins contract to boost West Qurna 1 field's production to 2.1 million barrels per day.

Credit ratings agency says ratings outlook for government-linked DP World, DEWA, DIFCI, JAFZ is negative.

Multi-billion-dollar venture is set to boost output at Rumaila field by up to 1.8 million bpd over its 20-year duration.

NOC’s website reveals Ghanem has returned to work one month after being replaced following his resignation.

Economic observers agree that Gulf states less impacted by global crisis than other countries.

European firms in unofficial talks for Iran to join EU's flagship Nabucco gas pipeline project.

Arab, British senior executives, decision makers discuss new opportunities for business partnership.

Consortium will sign preliminary deal with Iraqi oil ministry to exploit Zubair oilfield in southern Iraq.

Algeria calls for offers to build Grand Mosque of Algiers, which could cost several billion dollars.

Strategic partnership between Abu Dhabi Systems and Information Centre, Microsoft Gulf aims to foster innovation advance e-inclusion in Abu Dhabi.

Asia's biggest refiner, Kuwait Petroleum International sign MoU to build oil refinery in southern China.

Caracas, Damascus cement ties via five trade, agriculture, energy cooperation agreements.

Oil minister says OPEC should convene emergency session if prices keep rising towards $100.

Ban of all imports of spare parts not bought in their country of origin from November 2 will help fight counterfeiting.

Mohammed VI is one of about 20 wealthy people who were sold $400 million stake in loss-making Macau Legend.

New EMTN debt may be listed on London Stock Exchange, Dubai Financial Market.

Badri says decision depends on higher oil prices, improving economic growth, no floating storage of crude.

Sheikh Nahyan says global economic crisis has shown strength of UAE economy despite its negative effects.

International Finance Corp to list its first Islamic bond in Middle East for 'positive' impact.