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 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.
Posted: September 3, 2014
UAE. DME Oman futures traded at a low of US$99.39 per barrel before settling at US$99.48 per barrel at 12:30 Dubai time, with more than 3,200,000 barrels traded during the window.
Posted: September 2, 2014
UAE. Installed electrical capacity of 1600 megawatts; Power to help accommodate increasing population and industrial growth.
Posted: September 1, 2014
SAUDI ARABIA. Consumer spending also remained robust; Non-oil exports rebound owing to greater production of petrochemicals and plastics.
Posted: September 1, 2014
INTERNATIONAL. Oil markets since 2011 have become less price sensitive to actual supply disruptions, especially to those geopolitical events that have taken place since the Arab Spring.
Posted: August 30, 2014
SAUDI ARABIA. "Parsons has acted as the managing contractor for the City of Yanbu for nearly 40 years, and we are confident that Bob will help us continue our tradition of customer service excellence."

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: October 2, 2014
UAE. "If the GCC is to maintain long-term sustainable growth, it will be very important to invest in education, increase productivity, and attract more foreign direct investment into high value industries, and step up more diverse export industries that are not dependent on commodities."
date:Posted: October 1, 2014
UAE. The UAE took part last week in U.S.-led airstrikes against Islamic State; Gulf Arabs regard Islamist groups as an existential challenge to their thriving economies and monarchies.
date:Posted: October 1, 2014
INTERNATIONAL. The Constitutional Court will keep challenging EU attempts at federalization and the Bundesbank will keep criticizing every measure that would reduce German sovereignty.
UAE. "If the GCC is to maintain long-term sustainable growth, it will be very important to invest in education, increase productivity, and attract more foreign direct investment into high value industries, and step up more diverse export industries that are not dependent on commodities."
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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