The Nigerian National Petroleum Corporation (NNPC) has said it "may well be on the verge of a significant oil find" in the Lake Chad area, which has been blighted by Boko Haram-related violence. 

"There are signs from the latest 3D seismic studies that oil may well be very close to being found now in Lake Chad after very many years of trials," added group managing director Ibe Kachikwu. 

Low global oil prices will have a "correction" in 2016, but it won't be solely OPEC that helps to raise prices that have dropped over 50 percent, the United Arab Emirates' energy minister said Monday.

The oil-rich Emirates will raise daily production to 3.5 million barrels in the coming years, Minister Suhail Mohamed al-Mazrouei said at the start of the Abu Dhabi International Petroleum Exhibition and Conference.

High-yielding emerging market currencies often seen as riskier assets suffered big losses on Monday in Asia after strong U.S. jobs figures bolstered the case for a Federal Reserve interest rate lift-off this year.

The South Korean won and the Malaysian ringgit slumped more than one percent, while the Indonesian rupiah was down as well after weak Chinese trade data also weighed on the currencies.

U.S. aerospace group Boeing and India's Tata Advanced Systems announced Monday they are joining up to make airframe parts for the AH-64 Apache attack helicopter.

After initially building a manufacturing center in India for the Apache, they will expand the partnership to compete for further work on Boeing commercial and defense platforms, they said in a statement released during the Dubai Air Show.

French Prime Minister Manuel Valls said Sunday he was opposed to a full merger of Renault and Nissan, but wanted to "preserve the alliance", following a week of mounting tensions over the role of the state in the carmaker.

"What we want is to preserve the alliance, we don't want a merger. The state fully plays its role as a shareholder... and at the same time we have confidence in the managers of Nissan and Renault,"  Valls told reporters.

The Dubai Airshow took off Sunday to a slow start with a record low in sales expected as the Gulf's main airlines have already placed large orders with major manufacturers.

"Due to large previous orders, the total show order tally this year will be much less than years prior," said Ben Moores, senior analyst at IHS Aerospace, Defense & Security.

Huge blue and pink diamonds, the star attractions at major jewel auctions in Geneva in the coming days, are expected to fetch tens of millions of dollars and possibly set new world records. 

The anticipated sales prices for the two stones are part of a trend that has seen the market for colored diamonds explode, with values more than doubling over the last two decades. 

As International Monetary Fund chief Christine Lagarde's mandate enters the final stretch, emerging-market powers seem hesitant about teaming up to try to wrest the job away from Europeans.

The IMF managing director has said she is "open" to seeking another term when her time is up in July 2016, while the so-called BRICS -- Brazil, Russia, India, China and South Africa -- seem divided about a power bid. 

Energy-rich Turkmenistan's leader has ordered the start of construction on a pipeline carrying gas from the former Soviet state to India, Pakistan and Afghanistan, the government said Saturday.

President Gurbanguly Berdymukhamedov ordered state companies Turkmengaz and Turkmengazneftstroi to begin building the isolated republic's section of the pipeline, state media said.

Prime Minister Narendra Modi on Saturday announced $12 billion in financial assistance to Indian-administered Kashmir, more than a year after deadly floods devastated parts of the disputed Himalayan region.

Speaking in the main city of Srinagar amid intense security, the Hindu nationalist leader said he wished to take India's only Muslim-majority state back to its "former glory".