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: August 29, 2014
KUEAIT. There is plenty of potential in the Kuwaiti market, should investor interest remain and the government carries out its proposed spending plans. The government's 2014/15 budget is expansionary, with expenditure growth of 3.2% to US$77.3 billion.
Posted: August 29, 2014
INTERNATIONAL. Fast, durable, and portable solar phone charger that charge mobile phones as fast as a wall plug; The technology will be distributed in rural and urban COMESA regions.
Posted: August 28, 2014
IRAQ. Retreating jihadists set three wells ablaze at a northern Iraq oil field Thursday as they battled Kurdish forces that launched a major attack nearby, officials said.
Posted: August 27, 2014
UAE. Acclaimed club offers industry leaders privileged event access, VIP programme, and year-round networking opportunities.
Posted: August 26, 2014
UAE. Population growth, industrial expansion and demand for power has had a dramatic impact on the Middle East gas industry with many countries turning to imports to keep pace.
Posted: August 26, 2014
UAE. Paperless offices are popular, with 50% of respondents saying that they are encouraged to use email or online resources instead of printing out documents.
Posted: August 26, 2014
INTERNATIONAL. The Kurdistan Regional Government can bring US$100 million of crude ashore in Texas after a U.S. judge threw out a court order that would have required federal agents to seize and hold the cargo for the Iraqi Oil Ministry.
Posted: August 25, 2014
INTERNATIONAL. Commodities have been generally flat on the week as a rise in industrial metals was offset by losses across other sectors such as metals and grains.
Posted: August 20, 2014
INTERNATIONAL. The armed wing of Hamas, engaged in a six-week war with Israel, said on its website it had fired two rockets at Noa, a gas well owned by Nobel Energy and Delek.
Posted: August 20, 2014
UAE. "Bringing in institutional funds is a key part of the board's strategic capital markets plan," Samir Fancy, Topaz's chairman, said in a statement.
Posted: August 15, 2014
KUWAIT. Kuwait confirms the network layout for its new US$20 billion metro with construction due to begin in 2017; KNPC to invest US$35 billion on expanding oil and gas projects over the next five years.
Posted: August 11, 2014
INTERNATIONAL. Multiple geopolitical worries halted the slide in crude oil and gave precious metals a lift while industrial metals took stock following disappointing data from China and Europe.
Posted: August 11, 2014
UAE. Al Jaber Group is planning a sale of its transportation and lifting unit to help repay loans, according to people with knowledge of the matter.
Posted: August 11, 2014
SAUDI ARABIA. Higher public spending and robust credit growth should support non-oil growth with construction, transport, manufacturing and retail sectors in the lead; A slowdown in global growth and geopolitical tensions constitute key risks, though they are less acute and more evenly balanced than in recent years.
Posted: August 10, 2014
UAE. "The 25-year contract between Crescent Petroleum and NIOC is valid and binding upon the parties."

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: August 29, 2014
KUEAIT. There is plenty of potential in the Kuwaiti market, should investor interest remain and the government carries out its proposed spending plans. The government's 2014/15 budget is expansionary, with expenditure growth of 3.2% to US$77.3 billion.
date:Posted: August 28, 2014
SAUDI ARABIA. The Saudi Arabian index is the region's most diverse capital market due to its size and maturity; Jadwa Investment views the opening up of the Tadawul as an overall positive but believes a cautious and considered path to reform is the best way forward, much like the Chinese example.
date:Posted: August 28, 2014
LEBANON. The results of the Byblos Bank/AUB Consumer Confidence Index show a marginal improvement in January and February, picking up pace in March and April, and regressing in May and June 2014.
KUEAIT. There is plenty of potential in the Kuwaiti market, should investor interest remain and the government carries out its proposed spending plans. The government's 2014/15 budget is expansionary, with expenditure growth of 3.2% to US$77.3 billion.
INTERNATIONAL. I think one of the big fallacies in people's thinking about the Iraqi oil sector has been the focus on who's making money producing the oil. The bigger impact is on consumers.
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