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: July 24, 2014
UAE. In March, TAQA said a consortium led by it had agreed to buy the two power plants from Jaiprakash Power Ventures; TAQA senior official states "a change in strategy."
Posted: July 24, 2014
INTERNATIONAL. The world is well aware of the concerns around terrorism and Nigeria's ongoing struggle with poverty. However the report finds that Nigeria has the potential to expand its economy by roughly 7.1% per year through 2030.
Posted: July 22, 2014
UAE. The escalation of turmoil in the world is yet to play a role for the market, but be warned: everything economic has a delayed reaction of nine to twelve month. If the present state of alertness continues through the summer you can bet on higher energy prices having a serious impact.
Posted: July 17, 2014
INTERNATIONAL. By imposing penalties on Russia's largest oil producer Rosneft, its second largest gas producer Novatek and its third largest bank Gazprombank, Washington targeted Putin's allies.
Posted: July 14, 2014
UAE. According to an EY report, the increasing role of the private sector in both power generation and water could boost opportunities for large-scale transactions in MENA; Growth rather than consolidation is expected to be a dominant driver of activity.
Posted: July 12, 2014
KUWAIT. S&P expecst Kuwait Energy PLC's oil and gas production to stay concentrated on a few fields in Egypt, Yemen and Iraq, where it see significant country risk. The outlook is stable.
Posted: July 12, 2014
UAE. DME Oman Crude Oil Futures Contract records 52% growth in average daily volumes in H1 2014 with 9,143 lots as compared to the same period last year.
Posted: July 12, 2014
IRAQ. The moves escalated a feud between the Shi'ite-led central government and the autonomous Kurdish region driven by a Sunni insurgency which threatens to fragment Iraq on sectarian lines.
Posted: July 11, 2014
UAE. The concession represents an installed capacity of up to 80,000 refrigerated tons for the new Central Business District and Al Maryah Island.
Posted: July 9, 2014
UAE. One of the world's leading producers of specialty chemicalsnow has a large sales, technical support and logistics support team of more than 20 persons based in the region.
Posted: July 9, 2014
INTERNATIONAL. A permanent imbalance whereby only 20% of the economy - listed companies and banks - receives 100% of the available credit, is suffocating the remaining 80%, which are the SME's.
Posted: July 8, 2014
UAE. Bloomberg Commodity Index falls for second consecutive week; Oil drops as Iraq fears fade and Libya is poised for export resumption; Precious metals higher.
Posted: July 8, 2014
UAE. The deal will see Mitsubishi Corporation and Mitsubishi Heavy Industries acquire a total of 38.4% stake in Metito, and both Gulf Capital and the International Finance Corporation (IFC) continue holding 23.8% and 3% of Metito, respectively.
Posted: July 7, 2014
IRAQ. One of the biggest obstacles to Kurdish secession is money, with oil revenues from areas they control insufficient to pay for the region's numerous civil servants, experts say.
Posted: July 7, 2014
YEMEN. The Norwegian oil and gas operator announced resumption of oil production from Block 32 Howarime and Block 43 South Howarime in the Republic of Yemen.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 25, 2014
UAE. Royal Decree amending some of the provisions of the Oman Agencies Law comes into force; Marks a significant departure from the regime under the old law.
date:Posted: July 24, 2014
UAE. There is evidence of a more litigious approach developing in the area of medical malpractice. Damages awards which have historically been low, are now on an upwards trend.
date:Posted: July 24, 2014
UAE. Report data shows that 64% of TV viewers in Saudi Arabia and 50% in the UAE are engaged in other digital activities simultaneously, higher than the global average.
INTERNATIONAL. U.S. Secretary of State John Kerry pressed regional proxies to nail down a Gaza ceasefire as the civilian death toll soared, threatening to spread Israeli-Palestinian bloodshed to the occupied West Bank and Jerusalem.
INTERNATIONAL. The future will be decided in a race between global advances in demand for resources, complex technology and biotech innovation, and growing sovereign debt.
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