Tax discounts and opportunities to boost exports have reportedly been behind the move to open new branches © Getty Images/da-kuk Russian businesses have opened nearly 12,000 branches in Serbia, the United Arab Emirates, Armenia, and Kyrgyzstan since 2022, the news outlet Izvestia reported on Monday, citing industry data. Serbia topped the list with 9,000 new...
BP has struck a deal with the UAE’s state-owned oil company as the British energy giant deepens ties to the Middle East. BP is to form a joint venture with the Abu Dhabi National Oil Company (Adnoc) focused on production from two massive Egyptian gas fields. Under the deal, BP will transfer interests in three...
The IssueRussian independent Lukoil has long been one of the country’s most active companies abroad. With minimal prospects for domestic expansion the company remains hungry for geographic diversification. The war in Ukraine has complicated its efforts but it continues to find willing partners in countries with friendly — or at least neutral — policies toward...
UAE giant advancing its 5 million bpd oil production capacity target to 2027 on back of improved market fundamentals. Engineering, procurement and construction activity in Abu Dhabi is soaring to record highs as state oil company Abu Dhabi National Oil Company (Adnoc) pushes ahead with an ambitious oil and gas expansion programme. Billions of dollars...