All departing and arriving international and domestic flights were suspended “due to volcanic ash in the vicinity of the airport”

Washington: The US labour market ended the year with less momentum, as payroll gains cooled by more than forecast and wages rose at the weakest annual pace since 2018, even as unemployment held at a half-century low of 3.5 per cent. Nonfarm payrolls rose 145,000 after a downwardly revised 256,000 advance the prior month, according […]

Dubai: The market debut of state-owned oil giant Aramco may have dominated the public limelight in 2019, but recent trading has simmered the offering down to one that’s just at par with expectations. Aramco, which touched a high of 38 Saudi riyals in the first few days of trading, has fallen about 10 per cent […]

Abu Dhabi: The world and oil markets in particular, are still catching up to the US as a leading energy provider — and the world’s largest oil producer — said a leading US official who spoke in Abu Dhabi on Sunday at the Atlantic Council Global Energy Forum. “The trend is pretty clear … We’re […]

Abu Dhabi: Easing of US-Iran tensions that threatened to boil over have wiped out all of oil’s gains from last week, with markets back to where they were before the latest round of US-Iran escalation, analysts said. Oil markets on Friday closed with Brent trading at $64.98 and West Texas Intermediate (WTI) on $59.04, with […]

Mumbai: Bondholders of Reliance Home Finance Ltd have petitioned India’s National Company Law Tribunal to recover Rs35 billion (Dh1.8 billion, $495 million) after the firm missed payments, Economic Times reported citing a copy of the application. IDBI Trusteeship, which represents the bondholders, wants the tribunal to seize Reliance Home Finance’s assets and bar the company […]

Dubai: Saudi Aramco Energy Ventures, a unit of the kingdom’s energy company, is preparing to start a new fund this year after completing $500 million in investments. The new fund will also be roughly $500 million in size, Majid Mufti, the company’s chief executive officer, said in an interview on the sidelines of an energy […]

Residents have questions whether these damages are covered under the insurance as rains are caused by “intentional act” of cloud seeding.

Eight Katyusha-type rockets landed on Al-Balad airbase, wounding two Iraqi officers and two airmen.

Dubai: State-owned oil company Saudi Aramco said on Sunday it has exercised its “greenshoe option” to sell an additional 450 million shares, raising the size of its initial public offering (IPO) to a record $29.4 billion. Aramco initially raised a then-record $25.6 billion in its IPO in December by selling 3 billion shares at 32 […]