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Kuwait to start building 6 tankers in 2014
Source: BI=-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Wed May 2, 2012 10:11 am

 KUWAIT. Kuwait Oil Tanker Co. will start building six oil and gas tankers in 2014, state news agency KUNA reported, citing KOTC’s chairman.

The company will also receive nine tankers in mid-2014 as part of a US$556 million contract it signed earlier this year with South Korea’s Daewoo Shipbuilding & Marine Engineering Co., Chairman Nabil Bouresli said, according to KUNA.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 1, 2014
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
date:Posted: September 1, 2014
SAUDI ARABIA. Consumer spending also remained robust; Non-oil exports rebound owing to greater production of petrochemicals and plastics.
date: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.
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
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