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Equate profit falls to $1bn

Equate Petrochemical Company, Kuwait’s first international petrochemical joint venture, posted a decline in net profit to $1.04 billion for the fiscal 2014, compared to $...

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$1.6bn gas contracts awarded

State-run Abu Dhabi Gas Industries Company (Gasco) and Abu Dhabi Gas Liquefaction Company (Adgas) said they have awarded about $1.6 billion worth of contracts to expand...

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In brief

Oil may reach $60 by year-endKUWAIT: Kuwait’s oil minister expects crude prices to rise in the second half of 2015, possibly to $60 a barrel by year-end, local newspaper...