India’s tea production, exports decline in 2018
India’s tea production nudged 0.8 percent lower in 2018 from a year ago to 1311.63 million kg, trimming exports from the world’s biggest black tea …
UAE to purchase Venezuela’s Central bank gold reserves
Venezuela will sell 15 tonnes of gold from central bank vaults to the United Arab Emirates in coming days in return for euros in cash, as the crisis-stricken …
Is UAE the new swing producer of crude oil in the middle east?
The United Arab Emirates (UAE) is now OPEC’s third-biggest producer, having surpassed Iran whose output has plunged below 3 million bpd with the U.S. …
Qatar quits OPEC
Qatar will leave the Organization of Petroleum Exporting Countries (OPEC) as of next month, its energy minister told the media, adding that the decision …
United Arab Emirates (UAE) to boost oil production, if required
The UAE is planning to boost its total oil production capacity to 3.5 million barrels per day (bpd) by the end of this year, the emirates’ Energy Minister …
Saudi Arabia pledges to invest $10 billion in South Africa’s energy sector
Saudi Arabia has pledged to chip in $10 billion in funds to South Africa’s ailing power sector, according to a South African government spokesperson …
China and Abu Dhabi close to signing oil exploration and oil refining deal – report
China National Petroleum Corporation (CNPC) and the Abu Dhabi National Oil Company (ADNOC) are expected to sign this month a preliminary deal to invest in oil …
Saudi Arabia and UAE team up to create an allied force in energy, agriculture and economy
Saudi Arabia and the United Arab Emirates have formed an alliance to cooperate in areas ranging from energy and agriculture to tourism and financial services. …
India receives the first cargo of ADNOC crude oil for its Mangalore strategic reserve
India has received the first cargo of UAE crude oil for filling up one of the two strategic reserve caverns built by Indian Strategic Petroleum Reserve Ltd …
Vietnam to reduce black pepper acreage as global prices slide
Vietnam plans to slash its black pepper growing area by nearly 27 per cent in response to falling global prices, the chairman of Vietnam Pepper Association …