MENA fund managers plan to increase UAE investments

DUBAI: Middle Eastern funds plan to increase their investments in the UAE over the next three months while keeping their exposure to other countries in the region at current levels, according to a Reuters poll. Fund managers expressed optimism in the UAE, with more than half of the 11 polled in February saying they would […]

ExxonMobil finds world’s 3rd biggest gas deposit in Cyprus

NICOSIA: ExxonMobil has made the world’s third-biggest gas find in the last two years off the cost of Cyprus, the country’s government said on Thursday. Energy Minister Georgios Lakkotrypis said the discovery of an estimated 5-8 trillion cubic feet of gas offers hope for more discoveries in waters off the east Mediterranean island nation, which […]