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: September 21, 2014
INTERNATIONAL. Against the backdrop of a rising dollar, uneven developments in global economic growth and interest rates commodities suffered broad-based selling across most sectors.
Posted: September 18, 2014
SAUDI ARABIA. Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 a barrel, according to BNP Paribas and Societe Generale; "We are swimming in crude, and they know that better than anyone because they are the biggest exporter."
Posted: September 15, 2014
INTERNATIONAL. The adverse impact on commodities from a rising dollar has added another negative dimension; Brent crude traded down to a two-year low before finding support at US$96.75.
Posted: September 15, 2014
UAE. The energy industry presents unique attributes that make it more vulnerable than others to cyber attack; Preventive security measures imperative to protect critical infrastructure.
Posted: September 11, 2014
INTERNATIONAL. The one power that can effectively move against IS in a manner that would appear legitimate to other Muslims is Saudi Arabia; The capture of oil wells in Syria and Iraq has made the group financially self-sufficient. Now it's all or nothing.
Posted: September 11, 2014
UAE. Global thought leaders join Alan Thomson, Managing Director of Abu Dhabi Sewerage Services Company on prestigious speaker line up.
Posted: September 11, 2014
INTERNATIONAL. Kremlin data showed an almost one-third decline in trade turnover to US$1.6 billion last year following Western sanctions against the oil-producing Middle Eastern nation.
Posted: September 10, 2014
SAUDI ARABIA. Solar thought leader Jeremy Leggett to be a keynote speaker at the "Desert Solar in Saudi Arabia" conference 17 & 18 September, Riyadh.
Posted: September 8, 2014
UAE. The bank's ECT Clients business is one of the most active lenders to companies in these sectors globally.
Posted: September 8, 2014
SAUDI ARABIA. Hydrocarbon revenues in KSA and Kuwait make up to 90% plus of total revenues; Leading GCC economies remain susceptible to fluctuations in global energy prices, according to Alkhabeer Capital latest report.
Posted: September 5, 2014
INTERNATIONAL. The lack of movement in the inquiry by the IAEA will disappoint the West and could further complicate efforts by six world powers to negotiate a resolution to a decade-old dispute with Iran.
Posted: September 5, 2014
MOROCCO. The new facility supports growing fuel storage and trading activities in the Tanger Med Free Zone.
Posted: September 4, 2014
INTERNATIONAL. The ruling that could add billions of dollars in fines to the more than US$42 billion in charges taken so far for the worst offshore disaster in U.S. history.
Posted: September 4, 2014
SAUDI ARABIA. Saudi Arabia looks to offset diesel with off-grid and hybrid solar solutions; Local developers and suppliers gear up to power remote residential and industrial areas.
Posted: September 4, 2014
SAUDI ARABIA. The U.S. imported 878,000 barrels of Saudi crude a day in the first four weeks of August, the least since 2009.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 21, 2014
UAE. Nearly 60% of families-run businesses globally are struggling to find external finance; KPMG identifies HNWIs as a highly underutilised route for investment.
date:Posted: September 21, 2014
INTERNATIONAL. Against the backdrop of a rising dollar, uneven developments in global economic growth and interest rates commodities suffered broad-based selling across most sectors.
date:Posted: September 21, 2014
UAE. Average residential rents dipped marginally by 1% during Q3 this year; Office rents across the CBD area remained unchanged while secondary locations grew by 3% quarter-on-quarter; Average villa rents have witnessed a single digit growth of around 8%.
INTERNATIONAL. Bitcoin has followed a volatile path to growing acceptance since its creation in 2009; In this interview finance expert Arturo Bris analyses the risks associated with bitcoin.
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