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 28, 2014
INTERNATIONAL. The diversified BBG Commodity Index was almost unchanged on the week; Geopolitical concerns will continue to play an important part when determining a price for crude oil.
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.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 28, 2014
INTERNATIONAL. Janet Yellen is very different from any of her predecessors. She is likely the most dovish and politically leftist Fed Chair in the Central Bank's history; She sees the Fed's mission as a tool to promote progressive social policy.
date:Posted: July 28, 2014
QATAR. The potential in Indonesia is enormous and more rapid growth could generate opportunities for a number of foreign companies, says QNB Group report.
date:Posted: July 28, 2014
INTERNATIONAL. The diversified BBG Commodity Index was almost unchanged on the week; Geopolitical concerns will continue to play an important part when determining a price for crude oil.
INTERNATIONAL. In a presidential statement, the 15-member body expressed strong support for a ceasefire, and urged all parties to accept and fully implement it into the Eid period marking the end of the Muslim fasting month of Ramadan and beyond.
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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