February 15, 2015
The world's three big energy agencies are forecasting higher demand for Opec's crude oil this year, a sign the producing nations' strategy to let prices fall is starting to win them back market share from rivals who are cutting output.
February 12, 2015
Concerned about the current decline in prices of crude oil in the global market, South Sudan is turning to mining sector to reduce dependency on oil resources.
While the private sector employment rate for Emiratis may be increasing over the years, increasing the Emirati workforce in a number of private sectors, including the insurance industry, remains a challenge.
Despite a remarkable improvement in Internet connectivity, Lebanon is still in need of more broadband capacity to enable the country to become a hub for cloud computing.
The Dubai index fell on Wednesday, extending losses for another session from their highest level in nearly a month, weighed by weak crude oil. Saudi’s Tadawul index also fell.
February 11, 2015
Russian President Vladimir Putin met his Egyptian counterpart Tuesday and agreed a deal to build a nuclear plant, as he sought to boost ties on his first visit to Cairo in a decade.
Sharjah’s economy is healthy and safe and does not entirely depend on one particular sector, with no industry representing more than 20 per cent of GDP.
Energy Minister Dr Abdulhussain Mirza has called on companies across the country to view employees and the community as essential ingredients to achieve sustainability in the business world.
February 10, 2015
Rising global demand along with increasing domestic industrial output and a growing appetite for new export markets have created a favourable situation for the UAE foods sector.
The oil price will likely recover in the second half of the year as supply growth starts to slow and demand picks up, according to a leading investment analyst.
Twenty-five per cent of the UAE’s needs will be supplied by clean nuclear energy when the first nuclear plant will be launched in 2017.
The number of major contract awards across the global oil and gas industry has steadily declined during the last quarter of 2014, dropping to 117 contract awards, a 22 per cent decrease compared to 150 in Q3 2014, but on par with the 118 contracts awarded in Q4 2013.
February 9, 2015
A $11b project helmed by Shell can provide the scale absent until now.
The government has made use of the recession in the four years of unrest in Egypt since 2011 with a general restructuring plan.
February 8, 2015
The unlikely survivors: Will Qatar and Kuwait be the only Gulf countries to survive an oil price slide?
While the export revenues of GCC countries are significantly affected from the recent oil price slide, Kuwait and Qatar are the most fiscally resilient countries.