Oil Gas & Utilities

FEATURED REPORT...
Posted: 10-08-2011
INTERNATIONAL. Saudi Arabia pumped the most oil in three decades last month, reaching 9.8 million barrels a day and boosting OPEC production, the International Energy Agency said. Increased output in Angola helped replace lower supply in Libya. Daily supply from the 11 Organization of Petroleum Exporting Countries members bound by quotas rose to 27.37 million barrels a day in July from 27.22 million in June, the Paris-based IEA said today in its monthly oil market report. “Output has regained levels close to those seen before the Libyan crisis, although OPEC spare capacity now stands at
Posted: April 28, 2016
INTERNATIONAL. Key sessions include speeches from CEOs of Shell and Saudi Aramco, OPEC and UNFCCC leaders and a welcoming address from the President of Turkey.
Posted: April 25, 2016
JORDAN. Aqaba was Averda's first city served in Jordan and, to date, more than 60,000 tons of waste have been collected and over 300 people employed, with half of these being Jordanian nationals.
Posted: April 20, 2016
INTERNATIONAL. Stock markets were offered a welcome boost following the sharp appreciation in oil prices that temporarily elevated confidence towards the global economy and heightened investor risk appetite.
Posted: April 19, 2016
QATAR. World leader in aerial inspection and survey using Unmanned Aerial Vehicles (UAV).
Posted: April 18, 2016
UAE. The disagreement is mainly due to Tehran's resistance to the idea of an output freeze; Saudi Arabia is not willing to do a deal without Iran's participation as this could ignite a market share war.
Posted: April 16, 2016
INTERNATIONAL. Gold rally faltering as major funds begin looking for alternatives; Doha crude meeting could easily wind up disappointing markets.
Posted: April 14, 2016
INTERNATIONAL. NanoMech uses nanotechnology to develop advanced products for industrial and mechanical applications - such as lubricants, coatings and specialty chemicals.
Posted: April 13, 2016
INTERNATIONAL. The downward revision of Fitch's oil price assumptions for 2016 and 2017 to US$35/b and US$45/b, respectively, has major negative implications for Saudi Arabia's fiscal and external balances.
Posted: April 12, 2016
OMAN. Event organised as a family-friendly event, with games and activities for children to learn about the environment and the importance of energy saving.
Posted: April 11, 2016
INTERNATIONAL. A wave of jitters dispersed across the global markets following the static China CPI of 2.3% which rekindled concerns over a slowdown in economic momentum in the world's second-largest economy.
Posted: April 10, 2016
INTERNATIONAL. Oil markets desperately seeking focus; Commodities unmoved by wild forex swings; Energy sector the top gainer of the week; Negative interest rates are good news for gold.
Posted: April 4, 2016
INTERNATIONAL. The cocktail of events in Q1 make it seem like OPEC had no real intention in curbing output, but instead exploited explosive levels of volatility to generate speculative boosts in oil prices.
Posted: April 4, 2016
INTERNATIONAL. Q1'16 was a historically volatile quarter for world markets and commodities; Gold posts outstanding quarter despite recovery seen in stocks, sentiment; Oil bottom in.
Posted: April 1, 2016
QATAR. Qatar's hydrocarbon dependence is a key rating weakness, with oil and gas extraction averaging more than 50% of GDP over the past five years and hydrocarbon-backed government spending accounting for a further 30% of GDP.
Posted: March 24, 2016
INTERNATIONAL. The high levels of volatility that rattled financial markets may have worn off with stock markets displaying signs of exhaustion as risk aversion diminishes the attraction of riskier assets.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 29, 2016
SAUDI ARABIA. SAGIA announced in early 2016 their plan to focus on priority sectors identified as having a direct impact on economic and human development, including healthcare.
date:Posted: April 29, 2016
INTERNATIONAL. The investment community is significantly more likely than CEOs to consider misaligned performance incentives as a barrier to change: almost half (49%) of investors surveyed in the report flagged this as a major concern compared to only 17% of chief executives.
date:Posted: April 28, 2016
UAE. 51% of all Dubai hotels in mid-market segment versus 89% in New York; PwC research released at ATM 2016 touts construction figure of US$80k per room as incentive for developers looking for solid returns in high demand segment.
INTERNATIONAL. "It's going to come to a point where there is just going to be no real economical benefit to any kind of production staying at any kind of level in those countries. And once they come off, that's going to obviously support oil prices."
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