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 7, 2014
UAE. The ripple effects of the North American energy boom from major importer to soon-to-be exporter are being felt across the Middle East, Russia and China. This trend will reshape the global geopolitical landscape according to a Deloitte report.
Posted: July 6, 2014
INTERNATIONAL. The U.S. will remain the world's biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation's economic recovery, Bank of America said.
Posted: July 5, 2014
SAUDI ARABIA. Year-on-year inflation remained unchanged from the previous month's level at 2.7% in May. The contribution of both food and housing and rental inflation also fell.
Posted: July 4, 2014
UAE. GDF SUEZ holds a 20% equity interest in the project with the remaining 80% held by ADWEA (Abu Dhabi Water and Electricity Authority).
Posted: July 3, 2014
OMAN. BP has selected Veolia to design, build and operate a raw water treatment plant for its project to develop the Khazzan gas field, located southwest of Muscat in the Sultanate of Oman.
Posted: July 1, 2014
LEBANON. The hydrocarbon sector potential holds a promising medium-term outlook. However, the political standoff is likely to delay commercial exploitation beyond stated government targets.
Posted: July 1, 2014
UAE. Among the targets of Dragonfly were energy grid operators, major electricity generation firms, petroleum pipeline operators, and energy industry industrial equipment providers.
Posted: June 30, 2014
UAE. Abraaj acquired in 2009 a controlling stake through one of its funds in KES Power, the majority shareholder of K-Electric, a vertically integrated power utility listed on the Karachi, Islamabad and Lahore stock exchanges in Pakistan.
Posted: June 30, 2014
UAE. Waha Capital plans to invest across the energy sector value chain in the MENA region; Acquires a 20.56% stake in National Petroleum Services (NPS) alongside other investors.
Posted: June 30, 2014
UAE. Energy sector hit by selling as Iraqi oil keeps on flowing; Precious metals managed to hold on to the gains from the previous week with silver reaching the highest since March, continuing to outperform gold.
Posted: June 30, 2014
UAE. "The GCC states' dependence on the oil and gas sector as a key vulnerability, particularly absent the accumulation of significant financial buffers, should there be a sharp and sustained decline in the oil price or in hydrocarbon export volumes."
Posted: June 28, 2014
INTERNATIONAL. Two 700-million-barrel oil fields in Nineveh and a 500-million-barrel oil field in Salah-e-Din among sites most at risk, says GlobalData analyst.
Posted: June 27, 2014
SAUDI ARABIA. The major part of the financing, US$ 304 million, went to the energy sector in Bangladesh and in Uganda.
Posted: June 26, 2014
IRAQ. A session of parliament would be held on July 1, the first step to forming a new government that the international community hopes will be inclusive enough to undermine the insurgency.
Posted: June 26, 2014
INTERNATIONAL. Scripting the requiem for this era of ultra-low interest rates might yet be disrupted by the rise of GBP; NYMEX having broken out of its year-to-date range leaves last year's highs in the market's sights.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

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.
date: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.
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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